Best international online brokers for citizens in Macau

Jan 2019
Our top 2 international broker picks
Interactive Brokers Swissquote
Best international online brokers for citizens in Macau

To find the best international online brokers in Macau, we went ahead and did the research for you. After testing, analyzing and comparing 20 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 2019 for citizens in Macau:

  1. Interactive Brokers is the number one international online broker in 2019. Broad product portfolio. Low fees. Great and diverse research tools.
  2. Swissquote, place two. Extensive market and product access. High investor protection amount. Digital account opening.
  3. Pepperstone. Great customer service. User-friendly and fast account opening. Easy-to-use and nice looking platforms. Third place.
  4. FXCM, numero quatro. Low trading fees and financing rates. Good technical research tools. Fast and straightforward account opening.
  5. Oanda. Easy-to-use web trading platform. Nice and digital account opening. Powerful research tools. Just made it to the list with being number five.

Best international online brokers of 2019 for citizens in Macau
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.8 Best online broker
#2 Swissquote Swiss investment bank 4.5 Best for funds
#3 Pepperstone Australian forex broker 4.4 Best customer support
#4 FXCM UK-based forex broker 4.3 Best Technical Tools
#5 Oanda American FX broker 4.2 Best API

All 5 brokers are considered safe. They are regulated by top-tier financial regulators.

What makes a good online broker? They need to offer fair fees. It must also be easy to open an account and deposit. They should offer access to a lot of markets and need to have a great platform. Easy to list, but hard to figure it out. We are testing brokers along ~100 criteria with real accounts and real money. We know what's up.

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.

Boring, but important stuff: Some of the brokers portfolio might contain CFD products. CFDs are complex and very risky, thus not suitable for everyone. You can easily lose all of your invested money. If you don't have clue what a CFD is, start with these CFD trading tips

And now, let's see the best international online brokers for Macau in 2019 one by one. Starting with the winner, Interactive Brokers.

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

4.8 5 stars
Best online broker
Interactive Brokers logo

Interactive Brokers was founded in 1978 and it is one of the biggest US-based discount brokers. It is regulated by several regulators globally, including top-tier authorities like FCA and SEC. Interactive Brokers Group is listed on the New York Stock Exchange.

Interactive Brokers is considered safe because it has a long track record, is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

Recommended for advanced traders preferring low fees and can cope with a complicated trading platform.

Pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
Cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform

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#1 Interactive Brokers
Fees 4 stars

Interactive Brokers has low trading fees and high non-trading fees. The fees are transparent.

Pros
  • Low trading fees
  • Transparent fee structure
Cons
  • Inactivity fee

Interactive Brokers fees
Interactive BrokersSwissquotePepperstoneFXCMOanda
Apple benchmark fee$2.2$30.2---
Vodafone benchmark fee$17.9$73.0---
EURUSD benchmark fee$23.0$18.9$17.6$13.8$19.4

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#1 Interactive Brokers
Account opening 3 stars

The account opening process is fully digital, but slow, and complicated.

Pros
  • Account opening fully digital
  • No minimum deposit for most accounts
Cons
  • Slow account opening
  • Not user-friendly
  • Confusing messages throughout the process

Interactive Brokers minimum deposit and time to open an account
Interactive BrokersSwissquotePepperstoneFXCMOanda
Minimum deposit$0$0$0$0$0
Time to open account1-3 days1 day1-3 days1-3 days1-3 days

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#1 Interactive Brokers
Deposit and withdrawal 2 stars

Interactive Brokers offers a lot of base currencies and one withdrawal per month is free. On the flip side, only bank transfer is available.

Pros
  • Several account base currencies
  • No charge for the first withdrawal every month
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Lengthy funding and withdrawal - over 3 days

Interactive Brokers withdrawal fee and options
Interactive BrokersSwissquotePepperstoneFXCMOanda
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoYesYesNo
Electronic walletsNoNoYesNoNo
Withdrawal fee$0$10$20$0$35

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#1 Interactive Brokers
Markets and products 5 stars

At Interactive Brokers you can reach the most markets and trade with all product types. IB has the widest offering.

Interactive Brokers markets and products
Interactive BrokersSwissquotePepperstoneFXCMOanda
StockYesYesNoNoNo
ETFYesYesNoNoNo
ForexYesYesYesYesYes
FundYesYesNoNoNo
BondYesYesNoNoNo
OptionsYesYesNoNoNo
FuturesYesYesNoNoNo
CFDYesYesYesYesYes
CryptoYesYesYesYesNo

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#1 Interactive Brokers
Web trading platform 4 stars

Interactive Brokers' web platform is simple and easy to use. Even beginners can easily get around. On the flip side, it can't be well-customized.

Pros
  • User-friendly
  • Clear fee report
  • Two-step (safe) login
Cons
  • Limited customizability (for chart, for workspace)
Best international online brokers for citizens in Macau - Interactive Brokers trading platform

Interactive Brokers trading platforms
Interactive BrokersSwissquotePepperstoneFXCMOanda
Web platform score 4 stars 3 stars 4 stars 3 stars 5 stars
Mobile platform score 4 stars 3 stars 4 stars 2 stars 4 stars
Desktop platform score 3 stars - 4 stars 3 stars 3 stars

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#1 Interactive Brokers
Verdict

IB is one of the biggest discount US brokers regulated by top-tier regulators. If you like low-cost trading and easily navigate on a really complicated platform, Interactive Brokers is for you. We mainly recommend IB for traders.

It has low trading fees, a wide range of product portfolio, and diverse research tools. 

On the flip side, only bank transfer is available for deposit and withdrawal. The account opening and the desktop platform are not user-friendly and complicated.

Interactive Brokers is definitely recommended if you want low fees, a lot of products and you are experienced to cope with a complicated platform.

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#2 Best international online brokers for citizens in Macau
Swissquote

4.5 5 stars
Best for funds
Swissquote logo

Swissquote is a Swiss investment bank, established in 1996. It has two main arms: 

The Swiss arm for stocks, funds, options, and futures

The UK arm for CFDs, and FX

Formally, Swissquote Bank Ltd is based in Switzerland and regulated by FINMA, the Swiss financial regulator. This one offers stocks, funds, bonds, futures and options. The other, Swissquote Ltd is UK based, regulated by the FCA, the UK financial regulator, and offers CFDs and FX.

Swissquote is considered safe because Swissquote Bank Ltd has a banking license, it is listed on the Swiss stock exchange, and discloses detailed financials regularly.  

For clarity, we will call the Switzerland Swissquote for stocks "Swissquote (CH)", and the UK Swissquote for CFDs and FX "SwissquoteForex (UK)".

Recommended for affluent investors valuing safety and being ok with higher fees.

Pros
  • Extensive market and product access
  • High investor protection amount
  • Digital account opening
Cons
  • High trading fees
  • Overcomplicated trading platform
  • Better part of the research not free

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#2 Swissquote
Fees 2 stars

Swissquote has high trading fees and average non-trading fees. As a plus, there is no inactivity fee.

Pros
  • No inactivity fee
Cons
  • High trading fees
  • Withdrawal fee

Swissquote fees
Interactive BrokersSwissquotePepperstoneFXCMOanda
Apple benchmark fee$2.2$30.2---
Vodafone benchmark fee$17.9$73.0---
EURUSD benchmark fee$23.0$18.9$17.6$13.8$19.4

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#2 Swissquote
Account opening 5 stars

Swissquote offers a fast, easy, and fully digital account opening. Also, there is no minimum account balance requirement.

Pros
  • Fast account opening
  • Account opening fully digital
  • No minimum account balance
Cons
  • Video identification of documents may not be available for some locations

Swissquote minimum deposit and time to open an account
Interactive BrokersSwissquotePepperstoneFXCMOanda
Minimum deposit$0$0$0$0$0
Time to open account1-3 days1 day1-3 days1-3 days1-3 days

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#2 Swissquote
Deposit and withdrawal 4 stars

The depsoit is fast and user-friendly. On the flip side, you can only withdraw by bank transfer.

Pros
  • Free deposit
  • Several account base currencies
  • Credit/Debit card deposit
Cons
  • Credit card withdrawal is not available
  • Withdrawal is not user-friendly

Swissquote withdrawal fee and options
Interactive BrokersSwissquotePepperstoneFXCMOanda
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoYesYesNo
Electronic walletsNoNoYesNoNo
Withdrawal fee$0$10$20$0$35

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#2 Swissquote
Markets and products 4 stars

At Swissquote(CH) you can reach many markets and trade with a lot of different product types. At SwissquoteForex (UK) you can trade only Forex and some CFDs.

Swissquote markets and products
Interactive BrokersSwissquotePepperstoneFXCMOanda
StockYesYesNoNoNo
ETFYesYesNoNoNo
ForexYesYesYesYesYes
FundYesYesNoNoNo
BondYesYesNoNoNo
OptionsYesYesNoNoNo
FuturesYesYesNoNoNo
CFDYesYesYesYesYes
CryptoYesYesYesYesNo

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#2 Swissquote
Web trading platform 3 stars

The Swissquote (CH) platform has a lot of functions, even too many. It can get complicated. SwissquoteForex (UK)' MetaTrader 4 is a well thought out platform.

Pros
  • Two-step (safe) login
  • Price alerts available
  • Available in more languages
Cons
  • Bad search function
  • Limited order types
Best international online brokers for citizens in Macau - Swissquote trading platform

Swissquote trading platforms
Interactive BrokersSwissquotePepperstoneFXCMOanda
Web platform score 4 stars 3 stars 4 stars 3 stars 5 stars
Mobile platform score 4 stars 3 stars 4 stars 2 stars 4 stars
Desktop platform score 3 stars - 4 stars 3 stars 3 stars

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#2 Swissquote
Verdict

Swissquote has a rock solid background. It is Swiss, it is listed, it is a bank. It has two entities, one in the UK and one in Switzerland. If you open an account at the London-based entity, you can trade with forex and CFDs, while the Swiss entity gives you access to a wide range of asset classes from stocks to options.

Swissquote has an easy and fast account opening. We really liked its market and product coverage. There are lot of stocks, mutual funds, and a lot of different type of products from bonds to cryptos.

However, nothing comes for free. The trading fees are relatively high. 

All in all, Swissquote is a great provider. As there is no minimum deposit requirements and no inactivity fee, feel free to try it out.

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#3 Best international online brokers for citizens in Macau
Pepperstone

4.4 4 stars
Best customer support
Pepperstone logo

Pepperstone is an Australian forex broker offering some CFDs too. It was established in 2010 and in 2015 it opened offices in London to better serve their European clients.

Pepperstone is considered safe as it is regulated by top-tier regulators, like the UK FCA and the Australian ASIC.

Pepperstone is a forex and CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders wanting to trade with a lot of FX pairs.

Pros
  • Great customer service
  • User-friendly and fast account opening
  • Easy-to-use and nice looking platforms
Cons
  • Limited product portfolio
  • Limited research
  • Limited education

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#3 Pepperstone
Fees 4 stars

Pepperstone has low trading fees and average non-trading fees. It has no inactivity fee. On the flip side, the withdrawal fee is high.

Pros
  • Low trading fees
  • No inactivity fee
  • Transparent fee structure
Cons
  • Withdrawal fee

Pepperstone fees
Interactive BrokersSwissquotePepperstoneFXCMOanda
Apple benchmark fee$2.2$30.2---
Vodafone benchmark fee$17.9$73.0---
EURUSD benchmark fee$23.0$18.9$17.6$13.8$19.4

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#3 Pepperstone
Account opening 4 stars

Pepperstone account opening is great. It is fully digital and user-friendly. On the flip side, it can take more days.

Pros
  • Account opening fully digital
  • User-friendly
  • Many account types
  • No minimum deposit for Standard Account
Cons
  • It can take 4-5 business days

Pepperstone minimum deposit and time to open an account
Interactive BrokersSwissquotePepperstoneFXCMOanda
Minimum deposit$0$0$0$0$0
Time to open account1-3 days1 day1-3 days1-3 days1-3 days

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#3 Pepperstone
Deposit and withdrawal 4 stars

Pepperstone offers a lot of deposit options and it is user-friendly. The withdrawal fees are high.

Pros
  • User-friendly
  • Free bank and electronic wallets deposit
  • Free credit and debit cards withdrawal
Cons
  • High withdrawal fee

Pepperstone withdrawal fee and options
Interactive BrokersSwissquotePepperstoneFXCMOanda
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoYesYesNo
Electronic walletsNoNoYesNoNo
Withdrawal fee$0$10$20$0$35

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#3 Pepperstone
Markets and products 1 stars

At Pepperstone, you can trade only forex, some CFDs, and cryptos.

Pepperstone markets and products
Interactive BrokersSwissquotePepperstoneFXCMOanda
StockYesYesNoNoNo
ETFYesYesNoNoNo
ForexYesYesYesYesYes
FundYesYesNoNoNo
BondYesYesNoNoNo
OptionsYesYesNoNoNo
FuturesYesYesNoNoNo
CFDYesYesYesYesYes
CryptoYesYesYesYesNo

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#3 Pepperstone
Web trading platform 4 stars

Pepperstone offers only third-party trading platforms. We tested cTrader which is a great platform. It is well designed and user-friendly. On the flip side, it lacks the two-step login.

Pros
  • User-friendly
  • Good search function
  • Good customizability (for chart, for workspace)
Cons
  • No two-step (safe) login
Best international online brokers for citizens in Macau - Pepperstone trading platform

Pepperstone trading platforms
Interactive BrokersSwissquotePepperstoneFXCMOanda
Web platform score 4 stars 3 stars 4 stars 3 stars 5 stars
Mobile platform score 4 stars 3 stars 4 stars 2 stars 4 stars
Desktop platform score 3 stars - 4 stars 3 stars 3 stars

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#3 Pepperstone
Verdict

Pepperstone is a good FX and CFD broker. 

The customer service is great, you will get relevant answers within a short time. Account opening is a breeze with no minimum deposits. The website is well designed, clear and easy to navigate.

Pepperstone only offers FX and some CFDs. The research and education can be improved, there are not a lot of tools and options.

Feel free to try Pepperstone. There is no inactivity fee and minimum deposit for standard accounts. 

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#4 Best international online brokers for citizens in Macau
FXCM

4.3 4 stars
Best Technical Tools
FXCM logo

FXCM or Forex Capital Market is a London-based forex broker offering some CFDs too. FXCM was established in 1999 and has two main shareholders: Jefferies Financial Group and Global Brokerage. Both parent companies are listed on stock exchanges.

FXCM is considered safe as it is regulated by top-tier regulators, like the UK FCA and the Australian ASIC.

FXCM is a forex and CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for great technical research tools.

Pros
  • Low trading fees and financing rates
  • Good technical research tools
  • Fast and straightforward account opening
Cons
  • Limited product portfolio
  • Bad mobile platform
  • Bad desktop trading platform

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#4 FXCM
Fees 4 stars

FXCM offers low trading fees and average non-trading fees.

Pros
  • Low trading fees
  • No withdrawal fee
  • Low financing rate
  • Transparent fee structure
Cons
  • Inactivity fee

FXCM fees
Interactive BrokersSwissquotePepperstoneFXCMOanda
Apple benchmark fee$2.2$30.2---
Vodafone benchmark fee$17.9$73.0---
EURUSD benchmark fee$23.0$18.9$17.6$13.8$19.4

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#4 FXCM
Account opening 4 stars

The account opening process at FXCM is hassle-free and straightforward. Furthermore, there is no minimum balance requirement.

Pros
  • Account opening fully digital
  • No minimum account balance
  • User-friendly
Cons
  • Account opening takes more days

FXCM minimum deposit and time to open an account
Interactive BrokersSwissquotePepperstoneFXCMOanda
Minimum deposit$0$0$0$0$0
Time to open account1-3 days1 day1-3 days1-3 days1-3 days

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#4 FXCM
Deposit and withdrawal 4 stars

There is more options both for deposit and withdrawal. Also, the deposit is free of charge. On the flip side, the withdrawal can be long.

Pros
  • Credit/Debit card deposit and withdrawal available
  • Free deposit
  • User-friendly
Cons
  • Lengthy funding and withdrawal - over 3 days
  • Withdrawal fee at bank transfer can be high

FXCM withdrawal fee and options
Interactive BrokersSwissquotePepperstoneFXCMOanda
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoYesYesNo
Electronic walletsNoNoYesNoNo
Withdrawal fee$0$10$20$0$35

More Visit broker

#4 FXCM
Markets and products 1 stars

At FXCM you will have access only to some forex, some CFDs, and Bitcoin.

FXCM markets and products
Interactive BrokersSwissquotePepperstoneFXCMOanda
StockYesYesNoNoNo
ETFYesYesNoNoNo
ForexYesYesYesYesYes
FundYesYesNoNoNo
BondYesYesNoNoNo
OptionsYesYesNoNoNo
FuturesYesYesNoNoNo
CFDYesYesYesYesYes
CryptoYesYesYesYesNo

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#4 FXCM
Web trading platform 3 stars

FXCM's trading platform is extremely customizable. It also has a lot of order types. On the flip side, there is no two-step login and setting alerts is a pain.

Pros
  • Clear fee report
  • Good customizability (for chart, for workspace)
  • Available in more languages
Cons
  • No two-step (safe) login
  • Setting alerts is not a piece of cake
Best international online brokers for citizens in Macau - FXCM trading platform

FXCM trading platforms
Interactive BrokersSwissquotePepperstoneFXCMOanda
Web platform score 4 stars 3 stars 4 stars 3 stars 5 stars
Mobile platform score 4 stars 3 stars 4 stars 2 stars 4 stars
Desktop platform score 3 stars - 4 stars 3 stars 3 stars

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#4 FXCM
Verdict

FXCM has low trading fees and financing rates. Their technical research tools are high quality and well organized. It also offers a fast and straightforward account opening.

However, FXCM has a only offers forex, some CFDs, and cryptos. Their mobile and desktop trading platforms need an update. They are outdated and not user-friendly.

Feel free to try FXCM. There is no minimum deposit, and inactivity fee only kicks in after a year.

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#5 Best international online brokers for citizens in Macau
Oanda

4.2 4 stars
Best API
Oanda logo

Oanda is an American FX broker established in 1996. It is considered safe as it is regulated by top-tier regulators, like the UK FCA and the Australian ASIC.

Oanda is a forex and CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders preferring a user-friendly platform and great research tools.

Pros
  • Easy-to-use web trading platform
  • Nice and digital account opening
  • Powerful research tools
Cons
  • Only FX, and some CFDs
  • Bad customer service
  • Pricey withdrawal

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#5 Oanda
Fees 3 stars

Oanda offers low trading fees and high non-trading fees. The withdrawal fee can be really high.

Pros
  • Low trading fees
Cons
  • Withdrawal fee
  • High financing rate
  • Financing rate calculation is opaque

Oanda fees
Interactive BrokersSwissquotePepperstoneFXCMOanda
Apple benchmark fee$2.2$30.2---
Vodafone benchmark fee$17.9$73.0---
EURUSD benchmark fee$23.0$18.9$17.6$13.8$19.4

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#5 Oanda
Account opening 4 stars

Oanda account opening is hassle-free and straightforward. There is no minimum balance. On the other hand, the sales team is pushy.

Pros
  • Fast account opening
  • Account opening fully digital
  • No minimum account balance
Cons
  • Sales team pushy
  • It can take 3 business days

Oanda minimum deposit and time to open an account
Interactive BrokersSwissquotePepperstoneFXCMOanda
Minimum deposit$0$0$0$0$0
Time to open account1-3 days1 day1-3 days1-3 days1-3 days

More Visit broker

#5 Oanda
Deposit and withdrawal 4 stars

You can use many options for both deposit and withdrawal and the first withdrawal is free for cards. However, the withdrawal can take long and the withdrawal fee can be high.

Pros
  • Several account base currencies
  • User-friendly
  • First withdrawal is free for credit/debit cards and electronic wallets
Cons
  • High withdrawal fee
  • Lengthy funding and withdrawal - over 3 days

Oanda withdrawal fee and options
Interactive BrokersSwissquotePepperstoneFXCMOanda
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoYesYesNo
Electronic walletsNoNoYesNoNo
Withdrawal fee$0$10$20$0$35

More Visit broker

#5 Oanda
Markets and products 1 stars

At Oanda, you can trade only forex and some CFDs.

Oanda markets and products
Interactive BrokersSwissquotePepperstoneFXCMOanda
StockYesYesNoNoNo
ETFYesYesNoNoNo
ForexYesYesYesYesYes
FundYesYesNoNoNo
BondYesYesNoNoNo
OptionsYesYesNoNoNo
FuturesYesYesNoNoNo
CFDYesYesYesYesYes
CryptoYesYesYesYesNo

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#5 Oanda
Web trading platform 5 stars

Oanda trading platform is great. It is very user-friendly with great customizability and search function. On the other hand, you cannot set price alerts.

Pros
  • User-friendly
  • Good search function
  • Good customizability (for chart, for workspace)
Cons
  • No price alerts available
Best international online brokers for citizens in Macau - Oanda trading platform

Oanda trading platforms
Interactive BrokersSwissquotePepperstoneFXCMOanda
Web platform score 4 stars 3 stars 4 stars 3 stars 5 stars
Mobile platform score 4 stars 3 stars 4 stars 2 stars 4 stars
Desktop platform score 3 stars - 4 stars 3 stars 3 stars

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#5 Oanda
Verdict

Oanda is a good FX broker.

It has a great web trading platform, you will feel comfortable in a very short time. It provides a user-friendly and fully digital account opening. Its research tools are powerful, especially its API.

On the other hand, Oanda has a limited product portfolio, only FX and CFDs. The customer support is slow and usually provides irrelevant answers. The money withdrawal can be high.

Feel free to try Oanda. There is no minimum deposit, and inactivity fee only kicks in after two years. 

 

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Best international online brokers for citizens in Macau
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?

Yes, they are considered 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 Macau?

At Brokerchooser we test online brokers along ~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 online brokers are:

5 important criteria for the best international online brokers
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-friendlyAand well-equipped trading platform can significantly increase your trading comfort.

Best international online brokers for citizens in Macau
Bottom line

You saw the details, now let's zoom out. Here are the best international online brokers of 2019 for citizens in Macau:

Best international online brokers for citizens in Macau
Interactive BrokersSwissquotePepperstoneFXCMOanda
Overall score4.84.54.44.34.2
Award Best online broker Best for funds Best customer support Best technical tools Best API
Fees score 4 stars 2 stars 4 stars 4 stars 3 stars
Account opening score 3 stars 5 stars 4 stars 4 stars 4 stars
Deposit and withdrawal score 2 stars 4 stars 4 stars 4 stars 4 stars
Markets and products score 5 stars 4 stars 1 stars 1 stars 1 stars
Web platform score 4 stars 3 stars 4 stars 3 stars 5 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Interactive Brokers is our winner, the best in 2019. Broad product portfolio. Low fees. Great and diverse research tools.
All brokers are considered safe, and 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 broker for you.

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
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
Follow Brokerchooser on Twitter

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