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Best international online brokers for citizens in Italy

Interactive Brokers
4.9
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Saxo Bank
4.8
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DEGIRO
4.7
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Interactive Brokers
4.9
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Saxo Bank
4.8
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DEGIRO
4.7
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Best international online brokers for citizens in Italy

To find the best international online brokers in Italy, we went ahead and did the research for you. After testing, analyzing and comparing 57 brokers, 5 made it to the top. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for the best international online brokers of 2020 for citizens in Italy:

  1. Interactive Brokers is the number one international online broker in 2020. Wide range of products. Many great research tools. Regulated by several authorities.
  2. Saxo Bank in the second place. Great trading platform. Outstanding research. Broad product portfolio.
  3. DEGIRO rounded out the top three. One of the lowest fees on the market. Fast and seamless account opening. Easy to use web and mobile trading platform.
  4. Tradestation, numero quatro. Great web and mobile trading platform. Low stock and ETF fees. High-quality educational tools.
  5. Tastyworks. Low trading fees. Great educational materials. Good research tools. Just made it to the list with being number five.
Best international online brokers of 2020 for citizens in Italy
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.9 Best online broker
#2 Saxo Bank Danish investment bank 4.8 Best forex broker
#3 DEGIRO Dutch discount broker 4.7 Best discount broker
#4 Tradestation US stockbroker 4.7 Best app for stock trading
#5 Tastyworks US options and stockbroker 4.7

What makes a good online broker? First of all, they need to offer fair fees and to have a good safety score. It must also be easy to open an account and deposit money. They should give access to many products and need to have a great platform.

Easy to list, but hard to figure it out. We are testing brokers more than 100 criteria with real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.

And now, let's see the best international online brokers in 2020 for citizens in Italy one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in Italy
Interactive Brokers

4.9

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Wide range of products Extremely complex desktop trading platform
Many great research tools Complicated account opening process
Regulated by several authorities Funding and withdrawal only via bank transfer

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#1 Interactive Brokers
Fees
4.0

Interactive Brokers has low trading fees and for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Low stock and ETF fees
Low financing rate
Free stock and ETF trading for US clients
Interactive Brokers fees
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
US stock $1.0 $10.0 $0.6 $1.0 $0.0
UK stock $7.2 $9.6 $2.5 - -
EURUSD benchmark fee $17.9 $15.5 - - -

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

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#1 Interactive Brokers
Account opening
3.0

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the online registration is complicated and account verification takes around 2 business days.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most accounts types Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Minimum deposit $0 $600 $0 $500 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1 day

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#1 Interactive Brokers
Deposit and withdrawal
3.0

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
First withdrawal each month free
Interactive Brokers withdrawal fee and options
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $35 $45

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#1 Interactive Brokers
Markets and products
5.0

Through Interactive Brokers you can access an extremely wide range of markets, with every product type available.
Interactive Brokers markets and products
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No No No
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes Yes No No No
Crypto Yes Yes Yes No No

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#1 Interactive Brokers
Web trading platform
4.0

Interactive Brokers's web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Italy - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Web platform score 4.0 5.0 4.0 5.0 3.0
Mobile platform score 4.0 5.0 5.0 5.0 4.0
Desktop platform score 3.0 5.0 - 3.0 4.0

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#1 Interactive Brokers
Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker for advanced traders.

On the plus side, IB has a vast range of markets and products available, with diverse research tools and low costs

There are some drawbacks though: you can only fund your account via wire transfer and the account opening process is complicated. The desktop platform is complex and hard-to-understand, especially for beginners.

If you have experience navigating complex platforms and you like transparent low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.0
Recommended for Traders looking for low fees and a professional trading environment

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Saxo Bank Logo

#2 Best international online brokers for citizens in Italy
Saxo Bank

4.8

Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). 

Saxo Bank is a global service provider. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, has a banking background, and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for a great trading platform and solid research

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

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#2 Saxo Bank
Fees
3.0

Saxo Bank has average trading and non-trading fees overall. The fees for forex, mutual funds and stock index CFDs are low, while they are average for real stocks, ETFs or stock CFDs. Bond, options and futures fees are high.
Pros Cons
Low fund fees Inactivity fee
No withdrawal fee High bond, options and futures fees
Transparent fee structure
Lower fees for Platinum and VIP clients
Saxo Bank fees
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
US stock $1.0 $10.0 $0.6 $1.0 $0.0
UK stock $7.2 $9.6 $2.5 - -
EURUSD benchmark fee $17.9 $15.5 - - -

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

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#2 Saxo Bank
Account opening
3.0

Saxo's account opening is fully digital, user-friendly, and available in most of the world. On the other hand, the minimum deposit is high, and account verification could be faster.
Pros Cons
Fully digital Minimum deposit is higher than $500
User-friendly Relatively slow account verification
Available in almost every country
Saxo Bank minimum deposit and time to open an account
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Minimum deposit $0 $600 $0 $500 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1 day

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#2 Saxo Bank
Deposit and withdrawal
5.0

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
Saxo Bank withdrawal fee and options
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $35 $45

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#2 Saxo Bank
Markets and products
5.0

Saxo Bank's product portfolio is great. It covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where its selection could be improved.
Saxo Bank markets and products
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No No No
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes Yes No No No
Crypto Yes Yes Yes No No

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#2 Saxo Bank
Web trading platform
5.0

Saxo Bank's web trading platform is one of the best among online brokers. It's easy to use, but also provides features favored by professionals, such as an advanced order panel. On the negative side, there is no two-step login.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Best international online brokers for citizens in Italy - Saxo Bank trading platform
Saxo Bank trading platforms
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Web platform score 4.0 5.0 4.0 5.0 3.0
Mobile platform score 4.0 5.0 5.0 5.0 4.0
Desktop platform score 3.0 5.0 - 3.0 4.0

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#2 Saxo Bank
Verdict

Saxo Bank is a great broker, providing a complex and good service.

Saxo offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.

It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit. Lastly, there is no live chat or 24/7 customer support.

In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly responding to the needs of clients.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 3.0
Recommended for Investors and traders looking for a great trading platform and solid research

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DEGIRO Logo

#3 Best international online brokers for citizens in Italy
DEGIRO

4.7

DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.

DEGIRO is regulated by top-tier financial authorities, the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.

Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Pros Cons
One of the lowest fees on the market Limited research and education
Fast and seamless account opening No forex trading
Easy to use web and mobile trading platform No credit/debit card deposit and withdrawal

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#3 DEGIRO
Fees
5.0

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best on the market. There are some ETFs that you can trade once a month for free, which is a great deal for buy-and-hold investors.
Pros Cons
Low trading fees Higher trading fees for Asian and smaller European stock exchanges
Low non-trading fees
Low stock and ETF fees
DEGIRO fees
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
US stock $1.0 $10.0 $0.6 $1.0 $0.0
UK stock $7.2 $9.6 $2.5 - -
EURUSD benchmark fee $17.9 $15.5 - - -

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

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#3 DEGIRO
Account opening
5.0

DEGIRO has an easy and fast account opening process. No minimum deposit is required.
Pros Cons
Fast None
Fully digital
No minimum deposit
DEGIRO minimum deposit and time to open an account
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Minimum deposit $0 $600 $0 $500 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1 day

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#3 DEGIRO
Deposit and withdrawal
3.0

DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
DEGIRO withdrawal fee and options
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $35 $45

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#3 DEGIRO
Markets and products
4.0

At DEGIRO you can access many markets and trade with a lot of different products. CFD and forex are not available.
DEGIRO markets and products
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No No No
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes Yes No No No
Crypto Yes Yes Yes No No

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#3 DEGIRO
Web trading platform
4.0

DEGIRO's web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, you cannot set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Best international online brokers for citizens in Italy - DEGIRO trading platform
DEGIRO trading platforms
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Web platform score 4.0 5.0 4.0 5.0 3.0
Mobile platform score 4.0 5.0 5.0 5.0 4.0
Desktop platform score 3.0 5.0 - 3.0 4.0

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#3 DEGIRO
Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

It is far cheaper than its big European competitors and only Interactive Brokers comes close to competing with DEGIRO's fees. The account opening process is also fast, you will usually have your account ready to use within a day. It is also one of the best trading platforms for Europeans.

However, its low prices come with some shortfalls. Education and research tools are limited, there is no forex trading, and you can only deposit and withdraw money by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA.
Fees score 5.0
Recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions

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Tradestation Logo

#4 Best international online brokers for citizens in Italy
Tradestation

4.7

Tradestation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 (cash up to $250,000) investor protection per account.

Tradestation is considered safe because it has a long track record, discloses its financials, and its parent company, the Monex Group is listed on the Tokyo stock exchange.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros Cons
Great web and mobile trading platform Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Poor customer service

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#4 Tradestation
Fees
4.0

Tradestation has low trading fees and high non-trading fees. You can choose from multiple fee structures, but you still have to pay withdrawal.
Pros Cons
Low trading fees High non-trading fees
Low stock and ETF fees Withdrawal fee
Multiple fee structures to choose from
Tradestation fees
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
US stock $1.0 $10.0 $0.6 $1.0 $0.0
UK stock $7.2 $9.6 $2.5 - -
EURUSD benchmark fee $17.9 $15.5 - - -

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

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#4 Tradestation
Account opening
5.0

Tradestation account opening is fully digital, user-friendly, and fast. On the other hand, the minimum deposit is $500 and multiple base currencies are only available for futures accounts.
Pros Cons
Fast $500 minimum deposit
Fully digital Multiple base currencies only for futures accounts
User-friendly
Tradestation minimum deposit and time to open an account
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Minimum deposit $0 $600 $0 $500 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1 day

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#4 Tradestation
Deposit and withdrawal
2.0

Tradestation's deposit and withdrawal could be better. For example, you can only use bank transfer and there is a high withdrawal fee. On the upside, the deposit is free and you can choose from multiple base currencies with a futures account.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies High withdrawal fee
Slow withdrawal - over 3 days
Tradestation withdrawal fee and options
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $35 $45

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#4 Tradestation
Markets and products
2.0

Tradestation gives you access to a wide variety of US products, but its non-US market coverage is not competitive. Forex, CFDs and cryptos are missing.
Tradestation markets and products
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No No No
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes Yes No No No
Crypto Yes Yes Yes No No

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#4 Tradestation
Web trading platform
5.0

Tradestation has a good web trading platform. It is user-friendly and it looks nice, and it provides a two-step verification. On the flip side, it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Italy - Tradestation trading platform
Tradestation trading platforms
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Web platform score 4.0 5.0 4.0 5.0 3.0
Mobile platform score 4.0 5.0 5.0 5.0 4.0
Desktop platform score 3.0 5.0 - 3.0 4.0

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#4 Tradestation
Verdict

Tradestation is a great US broker.

The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. Lastly, education is well-structured and high-quality. 

On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. There is no forex trading, and the customer service is of poor quality.

Feel free to try Tradestation if you prefer trading on US markets. We recommend it for buy and hold investors with some experience.

Tradestation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.0
Recommended for Traders focusing on US markets and buy-and-hold investing

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Tastyworks Logo

#5 Best international online brokers for citizens in Italy
Tastyworks

4.7

Tastyworks is a young upcoming US broker focusing on options trading.

The people behind Tastyworks are the experts who built thinkorswim, now operated by TD Ameritrade. Tastyworks is privately owned, established in 2017 with its headquarters in Chicago.

Recommended for options and futures traders focusing on us markets

Pros Cons
Low trading fees Only US options, futures, and stocks
Great educational materials Deposit and withdrawal should be improved
Good research tools No demo account

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#5 Tastyworks
Fees
5.0

Tastyworks has low trading fees and there is no inactivity fee. On the other hand, you have to pay a withdrawal fee.
Pros Cons
Low trading fees Withdrawal fee for bank (wire) transfers
Low stock and ETF fees
No inactivity fee
Tastyworks fees
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
US stock $1.0 $10.0 $0.6 $1.0 $0.0
UK stock $7.2 $9.6 $2.5 - -
EURUSD benchmark fee $17.9 $15.5 - - -

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

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#5 Tastyworks
Account opening
5.0

Tastyworks account opening is user-friendly, fast and fully digital. You can open your account without a required minimum.
Pros Cons
Fast None
Fully digital
No minimum deposit
Tastyworks minimum deposit and time to open an account
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Minimum deposit $0 $600 $0 $500 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1 day

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#5 Tastyworks
Deposit and withdrawal
2.0

Tastyworks's deposit and withdrawal could be better. Although there is no deposit fee and it is user-friendly, you can use only bank transfer and the fee for bank transfer withdrawal is high.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High withdrawal fee
Only one account base currency
Tastyworks withdrawal fee and options
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $35 $45

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#5 Tastyworks
Markets and products
2.0

At Tastyworks you can trade with US stocks, ETFs, options and some futures.
Tastyworks markets and products
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No No No
Fund Yes Yes Yes Yes No
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes Yes No No No
Crypto Yes Yes Yes No No

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#5 Tastyworks
Web trading platform
3.0

The Tastyworks web platform is great for experienced traders, especially if you concentrate on options. On the other hand, it takes time to learn its functionalities, and its customizability is limited.
Pros Cons
Clear fee report No two-step (safer) login
Price alerts Limited customizability (for charts, workspace)
Order confirmation Not beginner-friendly
Best international online brokers for citizens in Italy - Tastyworks trading platform
Tastyworks trading platforms
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Web platform score 4.0 5.0 4.0 5.0 3.0
Mobile platform score 4.0 5.0 5.0 5.0 4.0
Desktop platform score 3.0 5.0 - 3.0 4.0

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#5 Tastyworks
Verdict

Tastyworks is an excellent broker for options trading, but it is a bit complicated if you want to trade stocks only.  

Tastyworks is a US broker, hence its investor protection scheme is excellent. Trading fees are low, with free stock and average options trading fees. Its trading platform is aimed at experienced options traders, it can be intimidating for starters. However, its educational and research tools are great for learning. The deposit and withdrawal processes could be better and a demo account would be also great for practicing purposes.

As there is no minimum deposit, no inactivity or monthly fee, and the account opening is seamless, feel free to try it.

 

Tastyworks
Summary Tastyworks is a recently established US options and stockbroker. It is overseen by FINRA, a top-tier regulatory body.
Fees score 5.0
Recommended for Options and futures traders focusing on US markets

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Best international online brokers for citizens in Italy
What makes a good online broker

Now you know the top 5. You are probably curious about how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?

What is an online broker?

Thirty years ago if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like in the Wolf of Wall Street movie. They were checking the stocks' prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make the order through the brokers' online platform. These brokers are the online brokers. Online brokers help you buying and selling securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.

Are these brokers safe?

You can be sure none of them is a scam. They are regulated by top-tier regulators. Some of them are also listed on an exchange, and some have a banking background.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.

If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.

How did Brokerchooser pick the best international online brokers for a citizen in Italy?

At Brokerchooser we test online brokers more than 100 criteria, with a real account and real money. Not to overwhelm you we list the five most important criteria.

The 5 most important criteria for best international online brokers are:

5 important criteria for the best international online brokers in 2020
1. Fees The trading fee of a typical US equity trade can be 50 times higher at one online broker compared to another. Worth to check the fees.
2. Account opening Some online brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best online brokers require.
3. Deposit and withdrawal Transferring money to your account can be 5 times longer and more expensive at one online broker compared to another.
4. Products and markets You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account.
5. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.

Best international online brokers for citizens in Italy
Bottom line

You saw the details, now let's zoom out. Here are the best international online brokers of 2020 for citizens in Italy:

Best international online brokers for citizens in Italy
Interactive Brokers Saxo Bank DEGIRO Tradestation Tastyworks
Overall score 4.9 4.8 4.7 4.7 4.7
Best in Best online broker Best forex broker Best discount broker Best app for stock trading
Fees score 4.0 3.0 5.0 4.0 5.0
Account opening score 3.0 3.0 5.0 5.0 5.0
Deposit and withdrawal score 3.0 5.0 3.0 2.0 2.0
Markets and products score 5.0 5.0 4.0 2.0 2.0
Web platform score 4.0 5.0 4.0 5.0 3.0
Visit broker Visit broker Visit broker Visit broker Visit broker

Interactive Brokers is our winner, the best international online broker in Italy of 2020. Wide range of products. Many great research tools. Regulated by several authorities.
All brokers are considered a great choice. Pick the winner, or any runner-up and take the next step in your investment journey. Let us know what you think in the comment section.
Still unsure? Use the broker finder and find the best international broker for you or learn more about investing your money.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager

Everything you find on Brokerchooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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