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Best international online brokers for citizens in Macedonia

Interactive Brokers
4.9
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Saxo Bank
4.8
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Swissquote
4.6
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Interactive Brokers
4.9
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Saxo Bank
4.8
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Swissquote
4.6
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Best international online brokers for citizens in Macedonia

To find the best international online brokers in Macedonia, 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 Macedonia:

  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. Swissquote rounded out the top three. Access to many markets and products. No inactivity fee. Rock-solid background.
  4. Oanda, numero quatro. Generally low fees. Easy-to-use web trading platform. Easy and digital account opening.
  5. XTB. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening. Just made it to the list with being number five.
Best international online brokers of 2020 for citizens in Macedonia
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 Swissquote Swiss investment bank 4.6
#4 Oanda US forex broker 4.6 Best mobile trading platform
#5 XTB Global CFD and forex broker 4.6 Best CFD broker

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 Macedonia one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in Macedonia
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 Swissquote Oanda XTB
US stock $1.0 $10.0 $25.0 - $10.0
UK stock $7.2 $9.6 $30.0 - $10.0
EURUSD benchmark fee $17.9 $15.5 $16.5 $15.9 $15.0

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 Swissquote Oanda XTB
Minimum deposit $0 $600 $0 $0 $250
Time to open account 1-3 days 1-3 days 1 day 1-3 days 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 Swissquote Oanda XTB
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No Yes No
Electronic wallets No No No Yes No
Withdrawal fee $0 $0 $10 $0 $0

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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 Swissquote Oanda XTB
Stock Yes Yes Yes No Yes
ETF Yes Yes Yes No Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes Yes No No
Bond Yes Yes Yes No No
Options Yes Yes Yes No No
Futures Yes Yes Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes No Yes

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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 Macedonia - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Web platform score 4.0 5.0 4.0 5.0 4.0
Mobile platform score 4.0 5.0 5.0 5.0 4.0
Desktop platform score 3.0 5.0 - 4.0 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 Macedonia
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 Swissquote Oanda XTB
US stock $1.0 $10.0 $25.0 - $10.0
UK stock $7.2 $9.6 $30.0 - $10.0
EURUSD benchmark fee $17.9 $15.5 $16.5 $15.9 $15.0

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 Swissquote Oanda XTB
Minimum deposit $0 $600 $0 $0 $250
Time to open account 1-3 days 1-3 days 1 day 1-3 days 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 Swissquote Oanda XTB
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No Yes No
Electronic wallets No No No Yes No
Withdrawal fee $0 $0 $10 $0 $0

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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 Swissquote Oanda XTB
Stock Yes Yes Yes No Yes
ETF Yes Yes Yes No Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes Yes No No
Bond Yes Yes Yes No No
Options Yes Yes Yes No No
Futures Yes Yes Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes No Yes

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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 Macedonia - Saxo Bank trading platform
Saxo Bank trading platforms
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Web platform score 4.0 5.0 4.0 5.0 4.0
Mobile platform score 4.0 5.0 5.0 5.0 4.0
Desktop platform score 3.0 5.0 - 4.0 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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Swissquote Logo

#3 Best international online brokers for citizens in Macedonia
Swissquote

4.6

Swissquote is a Swiss investment bank established in 1996. It has two main trading arms: a Swiss unit for trading stocks, funds, options and futures and a company in the UK for CFDs and forex.

Formally, Swissquote Bank Ltd is based in Switzerland and is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the country's financial regulator.

The other entity, Swissquote Ltd, is UK-based and offers CFDs and forex. It is regulated by the Financial Conduct Authority (FCA), the UK's financial authority.

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

For clarity, in this review we focus on the Swiss entity, but also discuss services of the UK arm, especially in the case of CFD and forex trading. To make it clear which company we are talking about, we will refer to the Swiss entity as "Swissquote (CH)" and to the UK-based entity as "Swissquote Forex (UK)".

Recommended for affluent investors who value safety and are ok with higher fees

Pros Cons
Access to many markets and products High trading fees
No inactivity fee Confusing trading platform selection
Rock-solid background Some research tools are not free

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#3 Swissquote
Fees
2.0

Swissquote doesn't charge an inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including for stocks and ETFs, and there is a fee for withdrawing your money.
Pros Cons
Low fund fees High trading fees
No inactivity fee High stock and ETF fees
High bond fees
Swissquote fees
Interactive Brokers Saxo Bank Swissquote Oanda XTB
US stock $1.0 $10.0 $25.0 - $10.0
UK stock $7.2 $9.6 $30.0 - $10.0
EURUSD benchmark fee $17.9 $15.5 $16.5 $15.9 $15.0

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

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#3 Swissquote
Account opening
4.0

Swissquote offers a fully digital account opening, although we encountered some technical difficulties during the identification process. There is no minimum deposit for trading accounts, but a high minimum for forex and robo-advisory accounts.
Pros Cons
Fully digital Technical difficulties
No minimum deposit for trading account Forex and robo-advisor accounts have high minimum
Swissquote minimum deposit and time to open an account
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Minimum deposit $0 $600 $0 $0 $250
Time to open account 1-3 days 1-3 days 1 day 1-3 days 1 day

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#3 Swissquote
Deposit and withdrawal
4.0

Depositing at Swissquote is quick with credit/debit card and can be done in several base currencies. On the negative side, you can only withdraw money via bank transfer.
Pros Cons
Quick deposit and withdrawal - within 3 days Credit/Debit card withdrawal not available
Several account base currencies at Swissquote (UK)
Swissquote withdrawal fee and options
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No Yes No
Electronic wallets No No No Yes No
Withdrawal fee $0 $0 $10 $0 $0

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#3 Swissquote
Markets and products
5.0

At Swissquote (CH) you have access to many markets and trade with a lot of different product types. At Swissquote Forex (UK) you can trade only forex and some CFDs.
Swissquote markets and products
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Stock Yes Yes Yes No Yes
ETF Yes Yes Yes No Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes Yes No No
Bond Yes Yes Yes No No
Options Yes Yes Yes No No
Futures Yes Yes Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes No Yes

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#3 Swissquote
Web trading platform
4.0

The Swissquote (CH) eTrading platform has a lot of functions, so many that sometimes it can get complicated. Customizability is good and a there is a clear overview of trading fees, but you may run into some bugs.
Pros Cons
Clear fee report Account login and search function bugs
Good customizability (for charts, workspace) Easy to get lost among functions
Available in several languages
Best international online brokers for citizens in Macedonia - Swissquote trading platform
Swissquote trading platforms
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Web platform score 4.0 5.0 4.0 5.0 4.0
Mobile platform score 4.0 5.0 5.0 5.0 4.0
Desktop platform score 3.0 5.0 - 4.0 4.0

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#3 Swissquote
Verdict

Swissquote is an investment bank with a rock-solid background:

  • It is Swiss,
  • it is listed on an exchange
  • and it is a bank

It has two main entities, one in the UK and one in Switzerland. If you open an account at the London-based entity you can trade forex and CFDs, while the Swiss entity gives you access to asset classes ranging from stocks to options.

Swissquote offers a broad range of products across many markets. There are many stocks, mutual funds, and a lot of different other types of products, from bonds to cryptos.

However, nothing comes for free: Swissquote's trading fees are relatively high

All in all, Swissquote is a great stockbroker. As you can trade many products and no inactivity fee is charged, feel free to give it a try.

Swissquote
Summary Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA.
Fees score 2.0
Recommended for Affluent investors who value safety and are OK with higher fees

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Oanda Logo

#4 Best international online brokers for citizens in Macedonia
Oanda

4.6

Oanda is an American forex broker founded in 1996.

It is considered safe because it has a long track record, discloses its financials, and is regulated by top-tier authorities, such as the US Retail Foreign Exchange Dealer (RFED) and the UK's Financial Conduct Authority (FCA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% 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 who value a user-friendly platform and great research tools

Pros Cons
Generally low fees Only FX and some CFDs
Easy-to-use web trading platform Poor customer service
Easy and digital account opening High bank withdrawal fee

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73.5% of retail CFD accounts lose money

#4 Oanda
Fees
4.0

Oanda charges low CFD and low forex fees. Non-trading fees are low, though the withdrawal fee is quite high for bank transfers.
Pros Cons
Low trading fees High withdrawal fee for bank transfers
Low forex fees
No withdrawal fee
No withdrawal fee in most cases
Oanda fees
Interactive Brokers Saxo Bank Swissquote Oanda XTB
US stock $1.0 $10.0 $25.0 - $10.0
UK stock $7.2 $9.6 $30.0 - $10.0
EURUSD benchmark fee $17.9 $15.5 $16.5 $15.9 $15.0

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

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73.5% of retail CFD accounts lose money

#4 Oanda
Account opening
4.0

Oanda's account opening is straightforward, with no required minimum balance.
Pros Cons
Fully digital Issues with ID verification can slow account opening
No minimum deposit
Low minimum deposit
Oanda minimum deposit and time to open an account
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Minimum deposit $0 $600 $0 $0 $250
Time to open account 1-3 days 1-3 days 1 day 1-3 days 1 day

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73.5% of retail CFD accounts lose money

#4 Oanda
Deposit and withdrawal
4.0

There is no deposit fee and you can conveniently use your debit card for deposit. While withdrawal is free in most cases, it is expensive for bank transfers, and it involves a fee if you withdraw to your card more than once a month.
Pros Cons
Credit/Debit card available High withdrawal fee for bank transfers
No deposit fee
Withdrawal is free for PayPal and for the first debit card transaction each month
Oanda withdrawal fee and options
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No Yes No
Electronic wallets No No No Yes No
Withdrawal fee $0 $0 $10 $0 $0

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73.5% of retail CFD accounts lose money

#4 Oanda
Markets and products
2.0

At Oanda you can trade only forex and CFDs. It offers fewer forex pairs but more CFDs than its closest competitors.
Oanda markets and products
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Stock Yes Yes Yes No Yes
ETF Yes Yes Yes No Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes Yes No No
Bond Yes Yes Yes No No
Options Yes Yes Yes No No
Futures Yes Yes Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes No Yes

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73.5% of retail CFD accounts lose money

#4 Oanda
Web trading platform
5.0

Oanda's web trading platform is user-friendly and safe with good customizability. On the downside, you can't set price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Macedonia - Oanda trading platform
Oanda trading platforms
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Web platform score 4.0 5.0 4.0 5.0 4.0
Mobile platform score 4.0 5.0 5.0 5.0 4.0
Desktop platform score 3.0 5.0 - 4.0 4.0

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73.5% of retail CFD accounts lose money

#4 Oanda
Verdict

Oanda is a good forex broker: its fees are great, and it has a good web trading platform where you will quickly feel comfortable. It provides a user-friendly and fully digital account opening process, as well as powerful research tools, especially API.

On the other hand, Oanda has a limited product portfolio, as only forex and CFDs are available. Customer support is slow, and bank withdrawal fees can be high.

Feel free to try Oanda: it is regulated by top-tier regulators, there is no minimum deposit, and the inactivity fee only kicks in after two years.

Oanda
Summary Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Fees score 4.0
Recommended for Forex traders who value a user-friendly platform and great research tools

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73.5% of retail CFD accounts lose money

XTB Logo

#5 Best international online brokers for citizens in Macedonia
XTB

4.6

XTB is a global CFD and forex broker with headquarters in London and Warsaw. The company is regulated by several financial authorities worldwide, including the UK's Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.

XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex and stock index CFD fees High fee for stock CFD
Free and fast deposit and withdrawal Limited product portfolio, mostly CFD and FX
Easy and fast account opening Poor email support

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75% of retail CFD accounts lose money

#5 XTB
Fees
4.0

XTB has low trading fees and low non-trading fees. Within trading fees, there are low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high.
Pros Cons
Low trading fees High stock CFD fees
Low non-trading fees
No withdrawal fee
XTB fees
Interactive Brokers Saxo Bank Swissquote Oanda XTB
US stock $1.0 $10.0 $25.0 - $10.0
UK stock $7.2 $9.6 $30.0 - $10.0
EURUSD benchmark fee $17.9 $15.5 $16.5 $15.9 $15.0

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

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75% of retail CFD accounts lose money

#5 XTB
Account opening
5.0

XTB's account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
XTB minimum deposit and time to open an account
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Minimum deposit $0 $600 $0 $0 $250
Time to open account 1-3 days 1-3 days 1 day 1-3 days 1 day

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75% of retail CFD accounts lose money

#5 XTB
Deposit and withdrawal
5.0

XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
XTB withdrawal fee and options
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No Yes No
Electronic wallets No No No Yes No
Withdrawal fee $0 $0 $10 $0 $0

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75% of retail CFD accounts lose money

#5 XTB
Markets and products
3.0

XTB's product selection covers only CFDs, forex and crypto assets. Some European clients can also trade with real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
XTB markets and products
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Stock Yes Yes Yes No Yes
ETF Yes Yes Yes No Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes Yes No No
Bond Yes Yes Yes No No
Options Yes Yes Yes No No
Futures Yes Yes Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes No Yes

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75% of retail CFD accounts lose money

#5 XTB
Web trading platform
4.0

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Best international online brokers for citizens in Macedonia - XTB trading platform
XTB trading platforms
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Web platform score 4.0 5.0 4.0 5.0 4.0
Mobile platform score 4.0 5.0 5.0 5.0 4.0
Desktop platform score 3.0 5.0 - 4.0 4.0

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75% of retail CFD accounts lose money

#5 XTB
Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, its forex and stock index CFD fees are low and the deposit and withdrawal process is free and fast. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. The stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Lastly, its email support did not reply to our queries.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA and Poland's KNF.
Fees score 4.0
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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75% of retail CFD accounts lose money

Best international online brokers for citizens in Macedonia
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 Macedonia?

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 Macedonia
Bottom line

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

Best international online brokers for citizens in Macedonia
Interactive Brokers Saxo Bank Swissquote Oanda XTB
Overall score 4.9 4.8 4.6 4.6 4.6
Best in Best online broker Best forex broker Best mobile trading platform Best CFD broker
Fees score 4.0 3.0 2.0 4.0 4.0
Account opening score 3.0 3.0 4.0 4.0 5.0
Deposit and withdrawal score 3.0 5.0 4.0 4.0 5.0
Markets and products score 5.0 5.0 5.0 2.0 3.0
Web platform score 4.0 5.0 4.0 5.0 4.0
Visit broker Visit broker Visit broker Visit broker
73.5% of retail CFD accounts lose money
Visit broker
75% of retail CFD accounts lose money

Interactive Brokers is our winner, the best international online broker in Macedonia 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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73.5% of retail CFD accounts lose money
Visit XTB
75% of retail CFD accounts lose money
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