Best international online brokers for citizens in Martinique

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

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

  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. XTB. Fast deposit and withdrawal. Fast and user-friendly account opening. Good research tools. Third place.
  4. IG, numero quatro. Easy-to-use web trading platform. Helpful and reliable customer service. Great deposit and withdrawal tools.
  5. Tradestation. Great mobile trading platform. Wide range of reserach tools. High-quality educational tools. Just made it to the list with being number five.

Best international online brokers of 2019 for citizens in Martinique
BrokerInfoScoreBest in
#1Interactive BrokersUS discount broker4.8 Best online broker
#2SwissquoteSwiss investment bank4.5 Best for funds
#3XTBGlobal CFD and FX broker4.5 Best CFD broker
#4IGGlobal CFD and FX broker4.5 Best FX broker
#5TradestationUS stockbroker4.4

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 Martinique in 2019 one by one. Starting with the winner, Interactive Brokers.

#1 Best international online brokers for citizens in Martinique
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 BrokersSwissquoteXTBIGTradestation
Apple benchmark fee$2.2$30.2$18.1$34.9$2.2
Vodafone benchmark fee$17.9$73.0$24.4$30.5-
EURUSD benchmark fee$23.0$18.9$17.1$12.3-

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

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#1 Interactive Brokers
Account opening 3 stars

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

Pros
  • Fully digital account opening
  • 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 BrokersSwissquoteXTBIGTradestation
Minimum deposit$0$0$250$0$500
Time to open account1-3 days1 day1 day1-3 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 negative side, only bank transfer is available.

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

Interactive Brokers withdrawal fee and options
Interactive BrokersSwissquoteXTBIGTradestation
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoNoYesNo
Electronic walletsNoNoNoNoNo
Withdrawal fee$0$10$0$0$35

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#1 Interactive Brokers
Markets and products 5 stars

Interactive Brokers allows you access to a very wide range of markets and you can trade with all product types. IB's product range is the widest available.

Interactive Brokers markets and products
Interactive BrokersSwissquoteXTBIGTradestation
StockYesYesYesYesYes
ETFYesYesYesYesYes
ForexYesYesYesYesNo
FundYesYesNoNoYes
BondYesYesNoNoNo
OptionsYesYesNoYesYes
FuturesYesYesNoNoYes
CFDYesYesYesYesNo
CryptoYesYesYesYesNo

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#1 Interactive Brokers
Web trading platform 4 stars

The Interactive Brokers web platform is simple and easy to use, even for beginners. On the negative side, it is a bit complicated to customize.

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

Interactive Brokers trading platforms
Interactive BrokersSwissquoteXTBIGTradestation
Web platform score 4 stars 3 stars 4 stars 5 stars 4 stars
Mobile platform score 4 stars 3 stars 4 stars 5 stars 5 stars
Desktop platform score 3 stars - 4 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 Martinique
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 BrokersSwissquoteXTBIGTradestation
Apple benchmark fee$2.2$30.2$18.1$34.9$2.2
Vodafone benchmark fee$17.9$73.0$24.4$30.5-
EURUSD benchmark fee$23.0$18.9$17.1$12.3-

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
  • Fully digital account opening
  • 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 BrokersSwissquoteXTBIGTradestation
Minimum deposit$0$0$250$0$500
Time to open account1-3 days1 day1 day1-3 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
  • No deposit fee
  • 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 BrokersSwissquoteXTBIGTradestation
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoNoYesNo
Electronic walletsNoNoNoNoNo
Withdrawal fee$0$10$0$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 BrokersSwissquoteXTBIGTradestation
StockYesYesYesYesYes
ETFYesYesYesYesYes
ForexYesYesYesYesNo
FundYesYesNoNoYes
BondYesYesNoNoNo
OptionsYesYesNoYesYes
FuturesYesYesNoNoYes
CFDYesYesYesYesNo
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 in several languages
Cons
  • Poor search function
  • Limited order types
Best international online brokers for citizens in Martinique - Swissquote trading platform

Swissquote trading platforms
Interactive BrokersSwissquoteXTBIGTradestation
Web platform score 4 stars 3 stars 4 stars 5 stars 4 stars
Mobile platform score 4 stars 3 stars 4 stars 5 stars 5 stars
Desktop platform score 3 stars - 4 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 Martinique
XTB

4.5 5 stars
Best CFD broker
XTB logo

XTB is primarily a forex and CFD broker, while in some countries you can also trade with stocks. XTB is a global broker with more than ten offices worldwide. In Europe, it serves clients via a UK or a Polish entity. We tested the UK entity, but will provide info on all entities.

XTB is listed on the Warsaw Stock Exchange. A listed company is more transparent, as it discloses its financials regularly. XTB is authorized and regulated by different regulators, including a top-tier financial authority, the FCA.

XTB is considered safe because it is listed on a stock exchange, discloses its financials, and is regulated by a top-tier regulator.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs carry risk. 73-79% 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 and CFD traders looking for quick deposit and withdrawal, and advanced research tools.

Pros
  • Fast deposit and withdrawal
  • Fast and user-friendly account opening
  • Good research tools
Cons
  • Limited product portfolio, mostly CFD and FX
  • Sales team can be pushy
  • No 24/7 customer support

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#3 XTB
Fees 4 stars

XTB has average trading fees and low non-trading fees.

Pros
  • Low non-trading fees
  • No withdrawal fee
  • No inactivity fee
Cons
None

XTB fees
Interactive BrokersSwissquoteXTBIGTradestation
Apple benchmark fee$2.2$30.2$18.1$34.9$2.2
Vodafone benchmark fee$17.9$73.0$24.4$30.5-
EURUSD benchmark fee$23.0$18.9$17.1$12.3-

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 XTB
Account opening 5 stars

XTB account opening is hassle-free and straightforward. Your account is ready for trading on the same day. However, the sales team is very pushy.

Pros
  • Fast account opening
  • Fully digital account opening
  • User-friendly
Cons
  • Sales team pushy

XTB minimum deposit and time to open an account
Interactive BrokersSwissquoteXTBIGTradestation
Minimum deposit$0$0$250$0$500
Time to open account1-3 days1 day1 day1-3 days1-3 days

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#3 XTB
Deposit and withdrawal 5 stars

XTB's deposit and withdrawal are cost-friendly, fast, and can be done in several forms. Fees for electronic wallet deposits are quite high.

Pros
  • Credit/Debit card deposit and withdrawal
  • Quick funding and withdrawal -within 3 days
  • User-friendly
Cons
  • High fees for electronic wallet deposits

XTB withdrawal fee and options
Interactive BrokersSwissquoteXTBIGTradestation
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoNoYesNo
Electronic walletsNoNoNoNoNo
Withdrawal fee$0$10$0$0$35

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#3 XTB
Markets and products 2 stars

UK residents, Hungarians and non-Europeans can trade only with CFDs and forex. All other Europeans can also trade with stocks and ETFs.

XTB markets and products
Interactive BrokersSwissquoteXTBIGTradestation
StockYesYesYesYesYes
ETFYesYesYesYesYes
ForexYesYesYesYesNo
FundYesYesNoNoYes
BondYesYesNoNoNo
OptionsYesYesNoYesYes
FuturesYesYesNoNoYes
CFDYesYesYesYesNo
CryptoYesYesYesYesNo

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#3 XTB
Web trading platform 4 stars

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, we missed the two-step login, the leverage setting option and the more sophisticated order types.

Pros
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
Cons
  • No two-step (safe) login
  • Limited order types
Best international online brokers for citizens in Martinique - XTB trading platform

XTB trading platforms
Interactive BrokersSwissquoteXTBIGTradestation
Web platform score 4 stars 3 stars 4 stars 5 stars 4 stars
Mobile platform score 4 stars 3 stars 4 stars 5 stars 5 stars
Desktop platform score 3 stars - 4 stars - 3 stars

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#3 XTB
Verdict

XTB is a good broker. It is regulated by more than 10 authorities globally, including the top-tier FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, the deposit and withdrawal process is fast. We liked the seamless and hassle-free account opening. The research tools are easy-to-use.

XTB has some drawbacks though. Its product range is mainly limited to FX and CFDs, but there are stocks trading is also available in some countries. When opening the account the sales team can be pushy. We also missed the 24/7 customer support.

We recommend XTB for clients who prefer forex and CFD trading and are looking for fast account opening, cheap money withdrawal and great research tools. Feel free to test it via the demo account.

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#4 Best international online brokers for citizens in Martinique
IG

4.5 5 stars
Best FX broker
IG logo

IG was established in the UK in 1974 and is one of the biggest CFD providers in the world. It is regulated by several bodies globally, including top-tier authorities like the FCA. IG Group is listed on the London Stock Exchange.

IG is considered safe because it is listed on a stock exchange, discloses its financials, and is overseen by top-tier regulators.

IG is primarily a CFD broker. If you are from the US, you can only trade with forex. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading 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. Forex trading involves risk. Losses can exceed deposits.

Recommended for traders looking for a great and easy-to-use trading platform.

Pros
  • Easy-to-use web trading platform
  • Helpful and reliable customer service
  • Great deposit and withdrawal tools
Cons
  • High trading fees
  • Limited product portfolio
  • Limited research tools

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#4 IG
Fees 2 stars

IG's trading fees are high and non-trading fees are average. Its financing rate is one of the best.

Pros
  • Low financing rate
  • Transparent fee structure
Cons
  • High trading fees
  • Inactivity fee

IG fees
Interactive BrokersSwissquoteXTBIGTradestation
Apple benchmark fee$2.2$30.2$18.1$34.9$2.2
Vodafone benchmark fee$17.9$73.0$24.4$30.5-
EURUSD benchmark fee$23.0$18.9$17.1$12.3-

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 IG
Account opening 4 stars

The account opening process is fast, user-friendly, and fully digital. On the other hand, the sales team is quite pushy.

Pros
  • Fast account opening
  • Fully digital account opening
  • No minimum deposit for bank transfer
Cons
  • The sales team is quite pushy, prompting you regularly to fund your account

IG minimum deposit and time to open an account
Interactive BrokersSwissquoteXTBIGTradestation
Minimum deposit$0$0$250$0$500
Time to open account1-3 days1 day1 day1-3 days1-3 days

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#4 IG
Deposit and withdrawal 5 stars

You have several options to transfer money. The transfer process is user-friendly and fast.

Pros
  • Credit/Debit card deposit and withdrawal
  • Several account base currencies
  • User-friendly
Cons
  • Not transparent on available base currencies

IG withdrawal fee and options
Interactive BrokersSwissquoteXTBIGTradestation
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoNoYesNo
Electronic walletsNoNoNoNoNo
Withdrawal fee$0$10$0$0$35

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#4 IG
Markets and products 3 stars

At IG, most clients can only trade with CFDs, forex and options. There are literally thousands of CFDs available to trade. The UK and some other clients can also trade with shares.

IG markets and products
Interactive BrokersSwissquoteXTBIGTradestation
StockYesYesYesYesYes
ETFYesYesYesYesYes
ForexYesYesYesYesNo
FundYesYesNoNoYes
BondYesYesNoNoNo
OptionsYesYesNoYesYes
FuturesYesYesNoNoYes
CFDYesYesYesYesNo
CryptoYesYesYesYesNo

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#4 IG
Web trading platform 5 stars

IG's web platform is great. It is easy to use, has all necessary functions and can be customized. Even first-time users can familiarize themselves with it instantly.

Pros
  • User-friendly
  • Two-step (safe) login
  • Good search function
  • Good customizability (for charts, workspace)
Cons
None
Best international online brokers for citizens in Martinique - IG trading platform

IG trading platforms
Interactive BrokersSwissquoteXTBIGTradestation
Web platform score 4 stars 3 stars 4 stars 5 stars 4 stars
Mobile platform score 4 stars 3 stars 4 stars 5 stars 5 stars
Desktop platform score 3 stars - 4 stars - 3 stars

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#4 IG
Verdict

IG is one of the biggest and most reliable CFD brokers. It is regulated by several financial authorities around the world. IG Group is listed on the London Stock Exchange.

IG has the best web trading platform Brokerchooser tested. Its customer service is professional and relevant. The deposit and withdrawal conditions are also great.

The biggest drawback is the fee structure. IG is quite pricey, especially when you trade with lower amounts. IG's product portfolio is limited to forex, CFDs and options; however, in the UK and some other countries, stocks are also available. US clients can trade only with forex.

It is quite easy to test IG's first-class trading platform since there is no minimum funding for bank transfer and you can easily open a demo account. 

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#5 Best international online brokers for citizens in Martinique
Tradestation

4.4 4 stars
Tradestation logo

TradeStation is a US broker with a long history dating back to 1982. Its parent company, the Monex Group is listed on the Tokyo stock exchange.

TradeStation is considered safe as it is regulated by a top-tier regulator, the US FINRA. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.

Recommended for traders wanting great research tools and preferring the US markets.

Pros
  • Great mobile trading platform
  • Wide range of reserach tools
  • High-quality educational tools
Cons
  • Not user-friendly deposit and withdrawal
  • No forex
  • Bad customer service

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#5 Tradestation
Fees 4 stars

TradeStation has low trading fees and there are multiple fee structures to choose from. Non-trading fees, like inactivity fees are high.

Pros
  • Low trading fees
  • More fee structures you can choose from
Cons
  • High non-trading fees

Tradestation fees
Interactive BrokersSwissquoteXTBIGTradestation
Apple benchmark fee$2.2$30.2$18.1$34.9$2.2
Vodafone benchmark fee$17.9$73.0$24.4$30.5-
EURUSD benchmark fee$23.0$18.9$17.1$12.3-

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 Tradestation
Account opening 4 stars

TradeStation account opening is fully digital and user-friendly. On the other hand, it takes more days until your account is approved.

Pros
  • Fully digital account opening
  • User-friendly
Cons
  • Slow account opening

Tradestation minimum deposit and time to open an account
Interactive BrokersSwissquoteXTBIGTradestation
Minimum deposit$0$0$250$0$500
Time to open account1-3 days1 day1 day1-3 days1-3 days

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#5 Tradestation
Deposit and withdrawal 2 stars

TradeStation deposit and withdrawal can be improved. As a plus, the deposit is free. However, you can use only bank transfer and there is a high, $35 withdrawal fee.

Pros
  • No deposit fee
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Not user-friendly
  • High withdrawal fee (for non-US clients $35 /tansaction)

Tradestation withdrawal fee and options
Interactive BrokersSwissquoteXTBIGTradestation
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoNoYesNo
Electronic walletsNoNoNoNoNo
Withdrawal fee$0$10$0$0$35

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#5 Tradestation
Markets and products 2 stars

TradeStation gives you access to a wide variety of US products. However, its non-US offer is not competitive. The forex, CFDs and cryptos are missing.

Tradestation markets and products
Interactive BrokersSwissquoteXTBIGTradestation
StockYesYesYesYesYes
ETFYesYesYesYesYes
ForexYesYesYesYesNo
FundYesYesNoNoYes
BondYesYesNoNoNo
OptionsYesYesNoYesYes
FuturesYesYesNoNoYes
CFDYesYesYesYesNo
CryptoYesYesYesYesNo

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#5 Tradestation
Web trading platform 4 stars

TradeStation has a good web trading platform. It is user-friendly with and looks nice. It also offers a great order management. On the flip side, it lacks the alerts and the clear fee reports.

Pros
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
Cons
  • No clear fee report available
  • No price alerts
Best international online brokers for citizens in Martinique - Tradestation trading platform

Tradestation trading platforms
Interactive BrokersSwissquoteXTBIGTradestation
Web platform score 4 stars 3 stars 4 stars 5 stars 4 stars
Mobile platform score 4 stars 3 stars 4 stars 5 stars 5 stars
Desktop platform score 3 stars - 4 stars - 3 stars

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#5 Tradestation
Verdict

TradeStation is a great US broker.

The mobile platform is very user-friendly with many functions. It also offers great research tools, including a wide range of analytical tools. 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. It lacks many asset classes, e.g. forex or CFDs. The customer service can be improved as the response time at email and chat support are very slow.

Feel free to try TradeStation if you prefer Recommended for buy and hold investors with any experience level.

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Best international online brokers for citizens in Martinique
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 Martinique?

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 Martinique
Bottom line

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

Best international online brokers for citizens in Martinique
Interactive BrokersSwissquoteXTBIGTradestation
Overall score4.84.54.54.54.4
Award Best online broker Best for funds Best CFD broker Best FX broker
Fees score 4 stars 2 stars 4 stars 2 stars 4 stars
Account opening score 3 stars 5 stars 5 stars 4 stars 4 stars
Deposit and withdrawal score 2 stars 4 stars 5 stars 5 stars 2 stars
Markets and products score 5 stars 4 stars 2 stars 3 stars 2 stars
Web platform score 4 stars 3 stars 4 stars 5 stars 4 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
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