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To help you find the best online brokers in 2021, we went ahead and did the research for you. First, we selected 84 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 Monaco. 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 Monaco:

  1. Interactive Brokers is the best international online broker in 2021. Low trading fees. Wide range of products. Many great research tools.
  2. XTB takes second place. Low forex fees. Free and fast deposit and withdrawal. Easy and fast account opening.
  3. TradeStation Global rounds out the top three. Low stock and ETF fees. Wide range of products. Fast customer service.
  4. Trading 212, numero quattro. Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms.
  5. City Index just made it to the list at in fifth place. Low fees for forex. Fast and smooth account opening. Diverse research tools.
Best international online brokers of 2021 for citizens in Monaco
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.9 Best online broker
#2 XTB Global CFD and forex broker 4.7 Best CFD broker
#3 TradeStation Global UK-based global stockbroker 4.7
#4 Trading 212 Global CFD and forex broker 4.3
#5 City Index Global CFD and forex broker 4.7

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

Interactive Brokers Logo

#1 Best international online brokers for citizens in Monaco
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, 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

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#1 Interactive Brokers
Fees
4.2

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 fees
Interactive Brokers XTB TradeStation Global Trading 212 City Index
US stock $1.0 $10.0 $1.5 $0.0 -
UK stock $7.8 $12.0 $2.4 $0.0 -
EURUSD benchmark fee $7.4 $8.5 $7.4 $26.4 $6.1
AUDUSD benchmark fee $8.7 $6.6 $8.7 $15.6 $7.2
GBPUSD benchmark fee $8.7 $6.1 $8.7 $21.0 $5.2
S&P 500 index CFD fee $2.8 $1.5 $3.8 $4.3 $1.2
Europe 50 index CFD fee $3.1 $1.8 $4.3 $6.4 $1.9

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#1 Interactive Brokers
Account opening
3.4

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 minimum deposit and time to open an account
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Minimum deposit $0 $0 $1,000 $1 $100
Time to open account 1-3 days 1 day 1 day 1 day 1 day

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#1 Interactive Brokers
Deposit and withdrawal
3.5

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 withdrawal fees and options
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $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, and all product types are available.
Interactive Brokers markets and products
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes Yes Yes Yes
Fund Yes No Yes No No
Bond Yes No Yes No No
Options Yes No Yes No No
Futures Yes No Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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#1 Interactive Brokers
Web trading platform
4.5

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
Best international online brokers for citizens in Monaco - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Web platform score 4.5 stars 4.4 stars 4.5 stars 4.9 stars 4.3 stars
Mobile platform score 3.8 stars 4.4 stars 3.8 stars 4.9 stars 4.3 stars
Desktop platform score 3.0 stars 4.4 stars 3.0 stars - 3.0 stars

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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 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 is a 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

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XTB Logo

#2 Best international online brokers for citizens in Monaco
XTB

4.7

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. 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 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

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79% of retail CFD accounts lose money

#2 XTB
Fees
3.9

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
XTB fees
Interactive Brokers XTB TradeStation Global Trading 212 City Index
US stock $1.0 $10.0 $1.5 $0.0 -
UK stock $7.8 $12.0 $2.4 $0.0 -
EURUSD benchmark fee $7.4 $8.5 $7.4 $26.4 $6.1
AUDUSD benchmark fee $8.7 $6.6 $8.7 $15.6 $7.2
GBPUSD benchmark fee $8.7 $6.1 $8.7 $21.0 $5.2
S&P 500 index CFD fee $2.8 $1.5 $3.8 $4.3 $1.2
Europe 50 index CFD fee $3.1 $1.8 $4.3 $6.4 $1.9

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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79% of retail CFD accounts lose money

#2 XTB
Account opening
5.0

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
XTB minimum deposit and time to open an account
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Minimum deposit $0 $0 $1,000 $1 $100
Time to open account 1-3 days 1 day 1 day 1 day 1 day

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79% of retail CFD accounts lose money

#2 XTB
Deposit and withdrawal
4.5

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
XTB withdrawal fees and options
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

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79% of retail CFD accounts lose money

#2 XTB
Markets and products
2.8

XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
XTB markets and products
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes Yes Yes Yes
Fund Yes No Yes No No
Bond Yes No Yes No No
Options Yes No Yes No No
Futures Yes No Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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79% of retail CFD accounts lose money

#2 XTB
Web trading platform
4.4

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
Best international online brokers for citizens in Monaco - XTB trading platform
XTB trading platforms
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Web platform score 4.5 stars 4.4 stars 4.5 stars 4.9 stars 4.3 stars
Mobile platform score 3.8 stars 4.4 stars 3.8 stars 4.9 stars 4.3 stars
Desktop platform score 3.0 stars 4.4 stars 3.0 stars - 3.0 stars

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79% of retail CFD accounts lose money

#2 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 are 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 3.9 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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79% of retail CFD accounts lose money

TradeStation Global Logo

#3 Best international online brokers for citizens in Monaco
TradeStation Global

4.7

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

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#3 TradeStation Global
Fees
4.0

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
TradeStation Global fees
Interactive Brokers XTB TradeStation Global Trading 212 City Index
US stock $1.0 $10.0 $1.5 $0.0 -
UK stock $7.8 $12.0 $2.4 $0.0 -
EURUSD benchmark fee $7.4 $8.5 $7.4 $26.4 $6.1
AUDUSD benchmark fee $8.7 $6.6 $8.7 $15.6 $7.2
GBPUSD benchmark fee $8.7 $6.1 $8.7 $21.0 $5.2
S&P 500 index CFD fee $2.8 $1.5 $3.8 $4.3 $1.2
Europe 50 index CFD fee $3.1 $1.8 $4.3 $6.4 $1.9

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#3 TradeStation Global
Account opening
2.8

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
TradeStation Global minimum deposit and time to open an account
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Minimum deposit $0 $0 $1,000 $1 $100
Time to open account 1-3 days 1 day 1 day 1 day 1 day

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#3 TradeStation Global
Deposit and withdrawal
3.5

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.
TradeStation Global withdrawal fees and options
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

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#3 TradeStation Global
Markets and products
5.0

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.
TradeStation Global markets and products
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes Yes Yes Yes
Fund Yes No Yes No No
Bond Yes No Yes No No
Options Yes No Yes No No
Futures Yes No Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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#3 TradeStation Global
Web trading platform
4.5

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
Best international online brokers for citizens in Monaco - TradeStation Global trading platform
TradeStation Global trading platforms
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Web platform score 4.5 stars 4.4 stars 4.5 stars 4.9 stars 4.3 stars
Mobile platform score 3.8 stars 4.4 stars 3.8 stars 4.9 stars 4.3 stars
Desktop platform score 3.0 stars 4.4 stars 3.0 stars - 3.0 stars

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#3 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 4.0 stars
Recommended for Traders and investors looking for low fees and a wide selection of products

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Trading 212 Logo

#4 Best international online brokers for citizens in Monaco
Trading 212

4.3

Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). 

Trading 212 is considered safe as it is regulated by the top-tier FCA. 

Disclaimer: 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 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 active cfd and fx traders and investors looking for intuitive trading platforms

Pros Cons
Real stocks and ETFs are commission-free Limited product portfolio
Quick and easy account opening Missing phone and live chat support
Great trading platforms High forex fee

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#4 Trading 212
Fees
3.4

Trading 212 has commission-free stocks and ETFs, and there are also no fees for deposit, withdrawal or inactivity. However, fees for forex trading are high.
Pros Cons
Free stock and ETF trading High forex fees
Low CFD fees High financing rate
No withdrawal and inactivity fee
Trading 212 fees
Interactive Brokers XTB TradeStation Global Trading 212 City Index
US stock $1.0 $10.0 $1.5 $0.0 -
UK stock $7.8 $12.0 $2.4 $0.0 -
EURUSD benchmark fee $7.4 $8.5 $7.4 $26.4 $6.1
AUDUSD benchmark fee $8.7 $6.6 $8.7 $15.6 $7.2
GBPUSD benchmark fee $8.7 $6.1 $8.7 $21.0 $5.2
S&P 500 index CFD fee $2.8 $1.5 $3.8 $4.3 $1.2
Europe 50 index CFD fee $3.1 $1.8 $4.3 $6.4 $1.9

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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76% of retail CFD accounts lose money

#4 Trading 212
Account opening
4.5

The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.
Pros Cons
Fast Problems with verification
Fully digital
No minimum deposit
Trading 212 minimum deposit and time to open an account
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Minimum deposit $0 $0 $1,000 $1 $100
Time to open account 1-3 days 1 day 1 day 1 day 1 day

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76% of retail CFD accounts lose money

#4 Trading 212
Deposit and withdrawal
4.3

Trading 212 deposits and withdrawals are free, fast, and can be done in several way. On the negative side, there are only a few account base currencies available in each country.
Pros Cons
Credit/Debit card available Few base currencies available in each country
Free withdrawal
No deposit fee
Trading 212 withdrawal fees and options
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

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76% of retail CFD accounts lose money

#4 Trading 212
Markets and products
3.7

Trading 212 focuses mainly on CFDs, forex and cryptos. You can also trade real stocks and ETFs, but popular asset classes like bonds, mutual funds, options and futures are missing.
Trading 212 markets and products
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes Yes Yes Yes
Fund Yes No Yes No No
Bond Yes No Yes No No
Options Yes No Yes No No
Futures Yes No Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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76% of retail CFD accounts lose money

#4 Trading 212
Web trading platform
4.9

Trading 212 has a user-friendly and customizable web trading platform. It also provides a two-step login.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function
Best international online brokers for citizens in Monaco - Trading 212 trading platform
Trading 212 trading platforms
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Web platform score 4.5 stars 4.4 stars 4.5 stars 4.9 stars 4.3 stars
Mobile platform score 3.8 stars 4.4 stars 3.8 stars 4.9 stars 4.3 stars
Desktop platform score 3.0 stars 4.4 stars 3.0 stars - 3.0 stars

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76% of retail CFD accounts lose money

#4 Trading 212
Verdict

Trading 212 works as a CFD and forex broker regulated by multiple financial supervisory authorities.

On the plus side, Trading 212 offers commission-free stocks and ETFs, while CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.

However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We missed phone and live chat support, and found forex fees relatively high.

So is Trading 212 good? Trading 212 is a good choice for those interested in investing in equities or trading leveraged forex and CFD products, with the use of a great trading platform. As it offers a demo account, don't hesitate to give it a try.

Trading 212
Summary Trading 212 is a CFD and forex broker regulated by the UK FCA and Bulgarian FSC. In the UK and Germany, Trading212 offers commission-free stock and ETF trading as well.
Fees score 3.4 stars
Recommended for Active CFD and FX traders and investors looking for intuitive trading platforms

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76% of retail CFD accounts lose money

City Index Logo

#5 Best international online brokers for citizens in Monaco
City Index

4.7

City Index is a global CFD and FX broker that was founded in 1983. City Index is the trading brand of StoneX Financial Ltd., whose parent company StoneX Group Inc. is listed on the NASDAQ Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS). 

City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 forex fees and great research tools

Pros Cons
Low fees for forex Limited product portfolio
Fast and smooth account opening High stock CFD fees
Diverse research tools Non-user-friendly desktop platform

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73% of retail CFD accounts lose money

#5 City Index
Fees
4.0

City Index has low fees for forex and there is no withdrawal fee. On the other hand, stock CFD fees are high and there is an inactivity fee after one year.
Pros Cons
Low forex fees Inactivity fee
No withdrawal fee High stock CFD fees
City Index fees
Interactive Brokers XTB TradeStation Global Trading 212 City Index
US stock $1.0 $10.0 $1.5 $0.0 -
UK stock $7.8 $12.0 $2.4 $0.0 -
EURUSD benchmark fee $7.4 $8.5 $7.4 $26.4 $6.1
AUDUSD benchmark fee $8.7 $6.6 $8.7 $15.6 $7.2
GBPUSD benchmark fee $8.7 $6.1 $8.7 $21.0 $5.2
S&P 500 index CFD fee $2.8 $1.5 $3.8 $4.3 $1.2
Europe 50 index CFD fee $3.1 $1.8 $4.3 $6.4 $1.9

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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73% of retail CFD accounts lose money

#5 City Index
Account opening
5.0

City Index's account opening process is fully digital and there is no minimum deposit. It took one day for us to get the account approved.
Pros Cons
Fast None
Fully digital
No minimum deposit
City Index minimum deposit and time to open an account
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Minimum deposit $0 $0 $1,000 $1 $100
Time to open account 1-3 days 1 day 1 day 1 day 1 day

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73% of retail CFD accounts lose money

#5 City Index
Deposit and withdrawal
4.3

City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
Pros Cons
Credit/Debit card available Problem with credit card withdrawal
Free withdrawal
No deposit fee
City Index withdrawal fees and options
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

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73% of retail CFD accounts lose money

#5 City Index
Markets and products
2.0

At City Index, you can only trade with CFDs, forex, and cryptos. Other asset classes, like real stocks or funds, are not available.
City Index markets and products
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes Yes Yes Yes
Fund Yes No Yes No No
Bond Yes No Yes No No
Options Yes No Yes No No
Futures Yes No Yes No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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73% of retail CFD accounts lose money

#5 City Index
Web trading platform
4.3

City Index's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.
Pros Cons
User-friendly No two-step (safer) login
Good customizability (for charts, workspace)
Good variety of order types
Best international online brokers for citizens in Monaco - City Index trading platform
City Index trading platforms
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Web platform score 4.5 stars 4.4 stars 4.5 stars 4.9 stars 4.3 stars
Mobile platform score 3.8 stars 4.4 stars 3.8 stars 4.9 stars 4.3 stars
Desktop platform score 3.0 stars 4.4 stars 3.0 stars - 3.0 stars

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73% of retail CFD accounts lose money

#5 City Index
Verdict

City Index is a great CFD and forex broker regulated by top-tier financial authorities, such as the UK's FCA.

On the positive side, it has low forex fees, a smooth account opening process, and high-quality research tools.

It has some drawbacks though. The product portfolio is limited, stock CFD fees are quite high and the desktop platform lags behind its competitors.

As there is no minimum balance required, no withdrawal fee and an inactivity fee only kicks in after one year, feel free to try City Index.

City Index
Summary City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange.
Fees score 4.0 stars
Recommended for Forex and CFD traders looking for low forex fees and great research tools

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73% of retail CFD accounts lose money

Best international online brokers for citizens in Monaco
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.

5 most important criteria for the best online brokers in 2021
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 Monaco
Bottom line

These were the details, now let's zoom out. Here are the best international online brokers of 2021 for citizens in Monaco:

Best international online brokers for citizens in Monaco
Interactive Brokers XTB TradeStation Global Trading 212 City Index
Overall score 4.9 4.7 4.7 4.3 4.7
Best in Best online broker Best CFD broker
Fees score 4.2 stars 3.9 stars 4.0 stars 3.4 stars 4.0 stars
Account opening score 3.4 stars 5.0 stars 2.8 stars 4.5 stars 5.0 stars
Deposit and withdrawal score 3.5 stars 4.5 stars 3.5 stars 4.3 stars 4.3 stars
Markets and products score 5.0 stars 2.8 stars 5.0 stars 3.7 stars 2.0 stars
Web platform score 4.5 stars 4.4 stars 4.5 stars 4.9 stars 4.3 stars
Mobile platform score 3.8 stars 4.4 stars 3.8 stars 4.9 stars 4.3 stars
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79% of retail CFD accounts lose money
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73% of retail CFD accounts lose money

Interactive Brokers is our winner, the best international online broker in Monaco 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.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity 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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79% of retail CFD accounts lose money
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