To help you find the best online brokers in 2021, we went ahead and did the research for you. First, we selected 89 quality online brokers, then checked and compared basically every aspect of their offering: fees, available markets and products, trading platforms, deposit and withdrawal options and much much more. To be selected best online broker, service providers had to prove their excellence in multiple areas. We dug deep, so you won't have to.
5 brokers made it to the top in Micronesia, Fed. St.. We highly recommend all 5 to you. And now, without further ado...
The top 5 picks for best international online broker of 2021 for citizens in Micronesia, Fed. St.:
- Interactive Brokers is the best international online broker in 2021. Low trading fees. Wide range of products. Many great research tools.
- TradeStation takes second place. Great web and mobile trading platform. Low stock and ETF fees. High-quality educational tools.
- XTB rounds out the top three. Low forex fees. Free and fast deposit and withdrawal. Easy and fast account opening.
- Questrade, numero quattro. Low stock and ETF fees. Solid research tools. Superb customer service.
- TradeStation Global just made it to the list at in fifth place. Low stock and ETF fees. Wide range of products. Fast customer service.
| Broker | Info | Score | Best in | |
|---|---|---|---|---|
| #1 | Interactive Brokers | US discount broker | 4.8 | Best online broker |
| #2 | TradeStation | US stockbroker | 4.6 | |
| #3 | XTB | Global CFD and forex broker | 4.7 | Best CFD broker |
| #4 | Questrade | Canadian stockbroker | 4.6 | |
| #5 | TradeStation Global | UK-based global stockbroker | 4.6 |
What makes a good online broker? Surely, they need to provide great service in all areas. First of all, they need to offer fair fees and have a good safety score. Opening an account and depositing money should also be user-friendly processes. They need to provide access to a wide range of products and have a great platform.
These features are easy to list, but hard to figure out. We test brokers based on more than ~300 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 to choose? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with our in-depth comparison table.
And now, let's see the best international online brokers in 2021 for citizens in Micronesia, Fed. St. one by one, starting with the winner, Interactive Brokers.
#1 Best international online brokers for citizens in Micronesia, Fed. St.
Interactive Brokers
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, Interactive Brokers is considered safe. 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 |
|---|---|
| • Low trading fees | • Complicated account opening process |
| • Wide range of products | • Complex desktop trading platform |
| • Many great research tools | • High forex fees |
#1 Interactive Brokers
Fees
Interactive Brokers has low trading fees; 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 |
| • Free stock and ETF trading for US clients | |
| • Low margin rates |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| US stock | $1.0 | $1.0 | $10.0 | $5.0 | $1.5 |
| UK stock | $8.4 | - | $12.0 | - | $2.4 |
| EURUSD benchmark fee | $10.7 | - | $8.5 | $8.1 | $10.7 |
| AUDUSD benchmark fee | $8.6 | - | $5.8 | $6.5 | $8.6 |
| GBPUSD benchmark fee | $8.6 | - | $5.8 | $6.0 | $8.6 |
| S&P 500 index CFD fee | $2.8 | - | $1.5 | $1.4 | $3.8 |
| Europe 50 index CFD fee | $3.1 | - | $1.9 | - | $4.3 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#1 Interactive Brokers
Account opening
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.
| Pros | Cons |
|---|---|
| • Fully digital | • Not user-friendly |
| • No minimum deposit for most account types | • Confusing messages throughout the process |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $1,000 | $1,000 |
| Time to open account | 1-3 days | 1 day | 1 day | 1 day | 1 day |
#1 Interactive Brokers
Deposit and withdrawal
Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | |
| • First withdrawal each month free |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | Yes | No |
| Withdrawal fee | $0.0 | $0.0 | $0.0 | $0.0 | $0.0 |
#1 Interactive Brokers
Markets and products
Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes | Yes | Yes |
| Forex | Yes | No | Yes | Yes | Yes |
| Fund | Yes | Yes | No | Yes | Yes |
| Bond | Yes | Yes | No | Yes | Yes |
| Options | Yes | Yes | No | Yes | Yes |
| Futures | Yes | Yes | No | No | Yes |
| CFD | Yes | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
#1 Interactive Brokers
Web trading platform
Interactive Brokers's web platform is simple and easy to use, even for beginners.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Clear fee report | |
| • Two-step (safer) login |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Web platform score | 4.5 stars | 4.5 stars | 4.4 stars | 3.8 stars | 4.5 stars |
| Mobile platform score | 3.8 stars | 4.8 stars | 4.4 stars | 4.8 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 2.5 stars | 4.4 stars | 4.3 stars | 3.0 stars |
#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 mainly for advanced traders.
On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though: there are high forex fees, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy 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 | 4.2 stars |
| Recommended for | Traders looking for low fees and a professional trading environment |
#2 Best international online brokers for citizens in Micronesia, Fed. St.
TradeStation
TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).
TradeStation is considered safe because it has a long track record; discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.
Recommended for traders focusing on us markets and buy-and-hold investing
| Pros | Cons |
|---|---|
| • Great web and mobile trading platform | • Not user-friendly deposit and withdrawal |
| • Low stock and ETF fees | • No forex trading |
| • High-quality educational tools | • Mediocre customer service |
#2 TradeStation
Fees
TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, withdrawals can be costly.
| Pros | Cons |
|---|---|
| • Low trading fees | • Withdrawal fee |
| • Low stock and ETF fees / Free stock trading | |
| • Multiple fee structures to choose from |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| US stock | $1.0 | $1.0 | $10.0 | $5.0 | $1.5 |
| UK stock | $8.4 | - | $12.0 | - | $2.4 |
| EURUSD benchmark fee | $10.7 | - | $8.5 | $8.1 | $10.7 |
| AUDUSD benchmark fee | $8.6 | - | $5.8 | $6.5 | $8.6 |
| GBPUSD benchmark fee | $8.6 | - | $5.8 | $6.0 | $8.6 |
| S&P 500 index CFD fee | $2.8 | - | $1.5 | $1.4 | $3.8 |
| Europe 50 index CFD fee | $3.1 | - | $1.9 | - | $4.3 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#2 TradeStation
Account opening
TradeStation account opening is fully digital, user-friendly and fast. On the other hand, USD is the only available base currency (except for futures accounts).
| Pros | Cons |
|---|---|
| • Fast | • Only USD accounts (unless you trade futures) |
| • Fully digital | |
| • User-friendly |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $1,000 | $1,000 |
| Time to open account | 1-3 days | 1 day | 1 day | 1 day | 1 day |
#2 TradeStation
Deposit and withdrawal
TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; and the fee for wire transfer withdrawals is high.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Deposit and withdrawal in cryptocurrencies | • High fee for wire withdrawal |
| • Only USD accounts (unless you trade futures) |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | Yes | No |
| Withdrawal fee | $0.0 | $0.0 | $0.0 | $0.0 | $0.0 |
#2 TradeStation
Markets and products
TradeStation grants access to a wide variety of US products, but its non-US market coverage is poor. Also, forex and CFDs are not available.
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes | Yes | Yes |
| Forex | Yes | No | Yes | Yes | Yes |
| Fund | Yes | Yes | No | Yes | Yes |
| Bond | Yes | Yes | No | Yes | Yes |
| Options | Yes | Yes | No | Yes | Yes |
| Futures | Yes | Yes | No | No | Yes |
| CFD | Yes | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
#2 TradeStation
Web trading platform
TradeStation has a nice-looking, user-friendly web trading platform with a safe login process, but it lacks price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • No price alerts |
| • Clear fee report | |
| • Two-step (safer) login |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Web platform score | 4.5 stars | 4.5 stars | 4.4 stars | 3.8 stars | 4.5 stars |
| Mobile platform score | 3.8 stars | 4.8 stars | 4.4 stars | 4.8 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 2.5 stars | 4.4 stars | 4.3 stars | 3.0 stars |
#2 TradeStation
Verdict
TradeStation is a great US broker.
The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. On top of that, TradeStation's education materials are well-structured and high quality.
On the other hand, the deposit and withdrawal functions are not user-friendly as you can only use bank transfers. There is no forex trading, and customer service has room for improvement.
Feel free to try TradeStation if you prefer trading on US markets. We recommend it for buy and hold investors with at least some experience.
| TradeStation | |
|---|---|
| Summary | TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body. |
| Fees score | 4.2 stars |
| Recommended for | Traders focusing on US markets and buy-and-hold investing |
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#3 Best international online brokers for citizens in Micronesia, Fed. St.
XTB
XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.
XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.
Disclaimer: 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 and cfd traders looking for low fees and great deposit/withdrawal service
| Pros | Cons |
|---|---|
| • Low forex fees | • High fees for stock CFDs |
| • Free and fast deposit and withdrawal | • Product portfolio limited mostly to CFDs and FX |
| • Easy and fast account opening | • Limited fundamental data |
#3 XTB
Fees
XTB has low forex fees and there is no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • Free withdrawal for transfers above $100 |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| US stock | $1.0 | $1.0 | $10.0 | $5.0 | $1.5 |
| UK stock | $8.4 | - | $12.0 | - | $2.4 |
| EURUSD benchmark fee | $10.7 | - | $8.5 | $8.1 | $10.7 |
| AUDUSD benchmark fee | $8.6 | - | $5.8 | $6.5 | $8.6 |
| GBPUSD benchmark fee | $8.6 | - | $5.8 | $6.0 | $8.6 |
| S&P 500 index CFD fee | $2.8 | - | $1.5 | $1.4 | $3.8 |
| Europe 50 index CFD fee | $3.1 | - | $1.9 | - | $4.3 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#3 XTB
Account opening
XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $1,000 | $1,000 |
| Time to open account | 1-3 days | 1 day | 1 day | 1 day | 1 day |
#3 XTB
Deposit and withdrawal
XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Few minor account currencies accepted |
| • Free withdrawal | |
| • No deposit fee |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | Yes | No |
| Withdrawal fee | $0.0 | $0.0 | $0.0 | $0.0 | $0.0 |
#3 XTB
Markets and products
XTB's default selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular assets like bonds, mutual funds, options or futures are not available.
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes | Yes | Yes |
| Forex | Yes | No | Yes | Yes | Yes |
| Fund | Yes | Yes | No | Yes | Yes |
| Bond | Yes | Yes | No | Yes | Yes |
| Options | Yes | Yes | No | Yes | Yes |
| Futures | Yes | Yes | No | No | Yes |
| CFD | Yes | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
#3 XTB
Web trading platform
XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Web platform score | 4.5 stars | 4.5 stars | 4.4 stars | 3.8 stars | 4.5 stars |
| Mobile platform score | 3.8 stars | 4.8 stars | 4.4 stars | 4.8 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 2.5 stars | 4.4 stars | 4.3 stars | 3.0 stars |
#3 XTB
Verdict
XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.
On the plus side, its forex fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.
XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.
We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with 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, Poland's KNF, and Cyprus's CySec. |
| Fees score | 3.8 stars |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
#4 Best international online brokers for citizens in Micronesia, Fed. St.
Questrade
Questrade, founded in 1999, is one of the most popular brokerage firms in Canada. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF).
Questrade is considered safe because it has a long track record and is regulated by a top-tier regulator.
Recommended for traders and investors focusing on the canadian and us markets
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • Slow account opening for non-Canadians |
| • Solid research tools | • High withdrawal fee for non-Canadians |
| • Superb customer service | • Limited account base currencies |
#4 Questrade
Fees
Questrade has competitive fees for stocks, ETFs, funds and forex trading. However, margin rates are slightly at the higher end.
| Pros | Cons |
|---|---|
| • Low non-trading fees | • High margin rates |
| • Low stock and ETF fees / Free stock trading | |
| • Low fund fees |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| US stock | $1.0 | $1.0 | $10.0 | $5.0 | $1.5 |
| UK stock | $8.4 | - | $12.0 | - | $2.4 |
| EURUSD benchmark fee | $10.7 | - | $8.5 | $8.1 | $10.7 |
| AUDUSD benchmark fee | $8.6 | - | $5.8 | $6.5 | $8.6 |
| GBPUSD benchmark fee | $8.6 | - | $5.8 | $6.0 | $8.6 |
| S&P 500 index CFD fee | $2.8 | - | $1.5 | $1.4 | $3.8 |
| Europe 50 index CFD fee | $3.1 | - | $1.9 | - | $4.3 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#4 Questrade
Account opening
For Canadian citizens, opening an account at Questrade is easy and fully digital. However, there is a high minimum deposit of $1,000.
| Pros | Cons |
|---|---|
| • Fast | • Minimum deposit is higher than $500 |
| • Fully digital | • Complicated for non-Canadians |
| • User-friendly |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $1,000 | $1,000 |
| Time to open account | 1-3 days | 1 day | 1 day | 1 day | 1 day |
#4 Questrade
Deposit and withdrawal
Deposits and withdrawals are free and user-friendly with electronic transfer for Canadians. However, the process is expensive for non-Canadians and credit/debit cards are not available.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | • Slow withdrawal - over 3 days |
| • User-friendly | • High fee for wire withdrawals |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | Yes | No |
| Withdrawal fee | $0.0 | $0.0 | $0.0 | $0.0 | $0.0 |
#4 Questrade
Markets and products
At Questrade, you can trade almost all asset classes except futures and cryptos. The product portfolio covers only the US and Canadian markets, though.
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes | Yes | Yes |
| Forex | Yes | No | Yes | Yes | Yes |
| Fund | Yes | Yes | No | Yes | Yes |
| Bond | Yes | Yes | No | Yes | Yes |
| Options | Yes | Yes | No | Yes | Yes |
| Futures | Yes | Yes | No | No | Yes |
| CFD | Yes | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
#4 Questrade
Web trading platform
Questrade's web trading platform offers a simple, intuitive design, a wide variety of order types and price alerts. However, its customizability is limited and the fee reports are not clear.
| Pros | Cons |
|---|---|
| • User-friendly | • No clear fee report available |
| • Good variety of order types | • Limited customizability (for charts, workspace) |
| • Price alerts |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Web platform score | 4.5 stars | 4.5 stars | 4.4 stars | 3.8 stars | 4.5 stars |
| Mobile platform score | 3.8 stars | 4.8 stars | 4.4 stars | 4.8 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 2.5 stars | 4.4 stars | 4.3 stars | 3.0 stars |
#4 Questrade
Verdict
Questrade is among the fastest-growing online brokerage firms in Canada. Its stock and ETF fees are low, research tools are advanced and customer service is outstanding.
Questrade has some shortcomings as well. Even though the account opening process for Canadians is quick and easy, it's slow and time-consuming if you are not Canadian. You can face high withdrawal fees if you are not a Canadian citizen and there are only USD and CAD as account base currencies.
Since Questrade has advanced research tools and offers great customer service, feel free to give it a try.
| Questrade | |
|---|---|
| Summary | Questrade is a Canadian online brokerage firm. Questrade is a member of Canadian self-regulatory industry body IIROC and the Canadian Investor Protection Fund (CIPF). |
| Fees score | 3.8 stars |
| Recommended for | Traders and investors focusing on the Canadian and US markets |
#5 Best international online brokers for citizens in Micronesia, Fed. St.
TradeStation Global
TradeStation Global is a brand of TradeStation International Ltd, which is based in the UK and is regulated by the top-tier Financial Conduct Authority (FCA).
TradeStation Global is a combined product offered by Interactive Brokers (IB) and TradeStation offered for clients outside the EU/EEA. Here are its most important elements:
- The account opening, deposit/withdrawal options, and available products are the same as at Interactive Brokers.
- You can use both Interactive Brokers's and TradeStation's own desktop platform.
- TradeStation Global charges its own fees, and offers its own customer support and educational tools.
Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on the NASDAQ, TradeStation itself is not: only TradeStation's parent company Monex is listed, on the Tokyo Stock Exchange.
Recommended for traders and investors looking for low fees and a wide selection of products
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • Only bank transfer allowed for deposit and withdrawal |
| • Wide range of products | • Complicated account opening |
| • Fast customer service | • Limited education materials |
#5 TradeStation Global
Fees
TradeStation Global has low trading fees, especially for stocks and ETFs. There's no inactivity fee and the first withdrawal each month is free. However, mutual fund fees are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High fund fees |
| • Low non-trading fees | |
| • Low stock and ETF fees / Free stock trading |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| US stock | $1.0 | $1.0 | $10.0 | $5.0 | $1.5 |
| UK stock | $8.4 | - | $12.0 | - | $2.4 |
| EURUSD benchmark fee | $10.7 | - | $8.5 | $8.1 | $10.7 |
| AUDUSD benchmark fee | $8.6 | - | $5.8 | $6.5 | $8.6 |
| GBPUSD benchmark fee | $8.6 | - | $5.8 | $6.0 | $8.6 |
| S&P 500 index CFD fee | $2.8 | - | $1.5 | $1.4 | $3.8 |
| Europe 50 index CFD fee | $3.1 | - | $1.9 | - | $4.3 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#5 TradeStation Global
Account opening
TradeStation Global's account opening is fully digital and fast, but the process is complicated, and there's a high $1,000 minimum deposit required in order to use TSG's own desktop platform.
| Pros | Cons |
|---|---|
| • Fast | • $1,000 minimum deposit required for desktop platform |
| • Fully digital | • Not user-friendly |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $1,000 | $1,000 |
| Time to open account | 1-3 days | 1 day | 1 day | 1 day | 1 day |
#5 TradeStation Global
Deposit and withdrawal
TradeStation Global offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | |
| • No charge for the first withdrawal each month. |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | Yes | No |
| Withdrawal fee | $0.0 | $0.0 | $0.0 | $0.0 | $0.0 |
#5 TradeStation Global
Markets and products
With TradeStation Global, you can access the same range of product types and exchanges as at Interactive Brokers. This selection is one of the widest among online brokers.
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes | Yes | Yes |
| Forex | Yes | No | Yes | Yes | Yes |
| Fund | Yes | Yes | No | Yes | Yes |
| Bond | Yes | Yes | No | Yes | Yes |
| Options | Yes | Yes | No | Yes | Yes |
| Futures | Yes | Yes | No | No | Yes |
| CFD | Yes | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
#5 TradeStation Global
Web trading platform
You can use your TradeStation Global account to log in to the Interactive Brokers web trading platform. The TSG Client Portal is simple and easy to use even for beginners.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Web platform score | 4.5 stars | 4.5 stars | 4.4 stars | 3.8 stars | 4.5 stars |
| Mobile platform score | 3.8 stars | 4.8 stars | 4.4 stars | 4.8 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 2.5 stars | 4.4 stars | 4.3 stars | 3.0 stars |
#5 TradeStation Global
Verdict
TradeStation Global has low stock/ETF fees, provides access to a lot of products and markets and has great customer support. The TradeStation Global desktop platform has great charting tools, plenty of indicators, highly customizable watchlists (Radar Screen) and a great programming tool (EasyLanguage).
On the other hand, the deposit and withdrawal process is not user-friendly and you can use only bank transfer. The account opening is complicated, and for full account verification to use the TSG desktop trading platform, a minimum deposit of $1,000 is required.
If you want access to IB's product range and an account without inactivity fees, feel free to try TradeStation Global.
| TradeStation Global | |
|---|---|
| Summary | TradeStation Global is an introducing broker of Interactive Brokers. This practically means that assets and cash are held with Interactive Brokers, but services like fees and customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA. |
| Fees score | 3.9 stars |
| Recommended for | Traders and investors looking for low fees and a wide selection of products |
Best international online brokers for citizens in Micronesia, Fed. St.
What makes a good online broker
Now that you know the top 5, you are probably curious 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 characters in the movie 'Wolf of Wall Street'. They were constantly monitoring stock prices while holding the phone and shouting. The Internet changed all that. Nowadays, if you want to invest in Apple shares, you open an online account, deposit money, and set up an order on the brokers' online platform. These platforms are the online brokers. Online brokers help you buy and sell securities like stocks and ETFs. After creating your order, the online broker executes it immediately. It all takes place online.
Are these brokers safe?
We consider each broker on our list safe. You can be sure none of them is a scam. All the brokers featured on BrokerChooser are regulated by at least one authority.
However, brokerage companies can still go bust. Remember the collapse of Lehman Brothers? In such cases, it is important to know what happens with your securities and cash. Your funds are usually held in segregated accounts, so even if your broker goes bankrupt, your funds are safe.
If all goes wrong, 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 online brokers?
At BrokerChooser, we test online brokers based on more than ~300 criteria, with real accounts and real money. We don\'t want to overwhelm you, so we will list the five most important criteria.
| 1. Fees | The trading fees of a typical US equity trade can be 50 times higher at one online broker compared to another. It's definitely worth checking these fees. |
| 2. Account opening | Some online brokers require a minimum deposint to start investing while others don't ask for a fix first-time deposit. Check these reuirements at the best online brokers. |
| 3. Deposit and withdrawal | At some online brokers, funding and withdrawing funds can take 5 times longer and be much more expensive than at others. |
| 5. Trading platform | A user-friendly and well-equipped trading platform can significantly increase your trading comfort. |
| 4. Markets and products | You want to invest in Amazon or trade Bitcoin? They might not be available. Check the product lineup before opening an account. |
Best international online brokers for citizens in Micronesia, Fed. St.
Bottom line
These were the details, now let's zoom out. Here are the best international online brokers of 2021 for citizens in Micronesia, Fed. St.:
| Interactive Brokers | TradeStation | XTB | Questrade | TradeStation Global | |
|---|---|---|---|---|---|
| Overall score | 4.8 | 4.6 | 4.7 | 4.6 | 4.6 |
| Best in | Best online broker | Best CFD broker | |||
| Fees score | 4.2 stars | 4.2 stars | 3.8 stars | 3.8 stars | 3.9 stars |
| Account opening score | 3.4 stars | 5.0 stars | 5.0 stars | 3.8 stars | 2.8 stars |
| Deposit and withdrawal score | 3.5 stars | 2.3 stars | 4.5 stars | 2.7 stars | 3.5 stars |
| Markets and products score | 5.0 stars | 2.8 stars | 2.8 stars | 4.2 stars | 5.0 stars |
| Web platform score | 4.5 stars | 4.5 stars | 4.4 stars | 3.8 stars | 4.5 stars |
| Mobile platform score | 3.8 stars | 4.8 stars | 4.4 stars | 4.8 stars | 3.8 stars |
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Interactive Brokers is our winner, the best international online broker in Micronesia, Fed. St. for 2021. Low trading fees. Wide range of products. Many great research tools.
All of these brokers are considered safe and a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey. Let us know what you think in the comments section.
Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with the help of our in-depth comparison table.
