Intro and winners
Find below the strengths of the best brokers available in Mongolia, updated for 2024:
- Interactive Brokers is the best international online brokers in Mongolia in 2024. - Extremely low fees. Wide range of products. Many great research tools.
- XTB - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening. High interest paid on cash.
- Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
- TradeStation Global - Low stock and ETF fees. Wide range of products. Easy-to-use web trading platform.
- IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
- Forex.com - Low forex fees. Great variety of currency pairs. Diverse technical research tools.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- NinjaTrader - Low trading fees. Great platform and research. Quality educational materials.
- Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
- IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
International online brokers' key info overview
While many international online trading brokers offer an excellent service, the ones in our toplist go the extra mile. These international online trading platforms offer a broad range of markets and asset classes and are suitable for beginners and experienced traders alike.
| Broker | Minimum deposit | Time to open account |
|---|---|---|
| Interactive Brokers | $0 | 1-3 days |
| XTB | $0 | 1 day |
| Alpaca Trading | $0 | 1 day |
| TradeStation Global | $0 | 1 day |
| IG | $0 | 1-3 days |
| Forex.com | $100 | 1-3 days |
| Admirals (Admiral Markets) | $100 | 1 day |
| NinjaTrader | $0 | >3 days |
| Tickmill | $100 | 1 day |
| IC Markets | $200 | 1 day |
Popularity of the best online brokers in Mongolia
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
Trading fees
In most cases the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important fees for you in the table below.
| Broker | US stock | UK stock fee |
|---|---|---|
| Interactive Brokers | $1.0 | $3.8 |
| XTB | $0.0 | $0.0 |
| Alpaca Trading | $0.0 | - |
| TradeStation Global | $1.5 | $2.0 |
| IG | $10.0 | $10.0 |
| Forex.com | - | - |
| Admirals (Admiral Markets) | $0.0 | $0.0 |
| NinjaTrader | - | - |
| Tickmill | - | - |
| IC Markets | - | - |
Other fees at international online brokers
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Broker | Account fee | Inactivity fee |
|---|---|---|
| Interactive Brokers | ||
| XTB | ||
| Alpaca Trading | ||
| TradeStation Global | ||
| IG | ||
| Forex.com | ||
| Admirals (Admiral Markets) | ||
| NinjaTrader | ||
| Tickmill | ||
| IC Markets |
Can I trust these online brokers in Mongolia?
Yes, BrokerChooser exclusively recommends legit brokers, overseen by at least one globally acknowledged regulator. We track more than 30,000 brokers and trading platforms that we don't recommend. To make sure that a broker is reputable and reliable, use our Scam Broker Shield tool.
Key criteria determining a broker's trustworthiness are: regulation, availability of investor protection, as well as a long and spotless track record. Explore the interactive table below, encompassing this array of vital data.
| Broker | Top-tier regulators | Trusted broker |
|---|---|---|
| Interactive Brokers | FCA in the UK, SEC in the US, and ASIC in Australia | |
| XTB | FCA in the UK | |
| Alpaca Trading | SEC and FINRA in the US | |
| TradeStation Global | FCA in the UK | |
| IG | FCA in the UK, BaFin in Germany, and ASIC in Australia | |
| Forex.com | CFTC in the US, FCA in the UK, and ASIC in Australia | |
| Admirals (Admiral Markets) | FCA in the UK and ASIC in Australia | |
| NinjaTrader | CFTC in the US and member of the NFA | |
| Tickmill | FCA in the UK | |
| IC Markets | ASIC in Australia |
Our assessment of best international online brokers for residents in Mongolia in 2024
At BrokerChooser we do our best to make it easier for you to compare and select the best broker for your needs. Here is a summary of our scores in the most important aspects of these trading platforms' services.
| Broker | Overall score | Fees score |
|---|---|---|
| Interactive Brokers | 4.9 /5 | 4.3 /5 |
| XTB | 4.8 /5 | 4.5 /5 |
| Alpaca Trading | 4.5 /5 | 4.6 /5 |
| TradeStation Global | 4.5 /5 | 3.7 /5 |
| IG | 4.5 /5 | 3.6 /5 |
| Forex.com | 4.5 /5 | 3.7 /5 |
| Admirals (Admiral Markets) | 4.5 /5 | 3.7 /5 |
| NinjaTrader | 4.5 /5 | 4.3 /5 |
| Tickmill | 4.5 /5 | 4.3 /5 |
| IC Markets | 4.5 /5 | 4.4 /5 |
If you are unsure how brokerage fees are charged, check out this article on the various fees, charges and costs.
And now, let's see the top international online brokers for 2024 for residents in Mongolia in detail one by one, starting with the winner, Interactive Brokers.
Recommended for traders looking for broad market access and a professional trading environment
| Interactive Brokers snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | No |
| Read review | For a detailed analysis of Interactive Brokers services, check out our review for 2024 |
Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service
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76-83% of retail CFD accounts lose money
| XTB snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of XTB services, check out our review for 2024 |
Recommended for traders interested in algorithmic stock trading
| Alpaca Trading snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of Alpaca Trading services, check out our review for 2024 |
Recommended for traders and investors looking for low fees and a wide selection of products
| TradeStation Global snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of TradeStation Global services, check out our review for 2024 |
Recommended for traders of any experience level looking for an easy-to-use trading platform
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75% of retail CFD accounts lose money
| IG snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer, Credit/debit cards, PayPal |
| Withdrawal method | Bank transfer, Credit/debit cards |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | No |
| Read review | For a detailed analysis of IG services, check out our review for 2024 |
Recommended for forex traders looking for low fees and great research tools
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69-77% of retail CFD accounts lose money
| Forex.com snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $100 |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, Neteller, PayPal |
| Withdrawal method | Bank transfer, Credit/debit cards, Skrill, Neteller, PayPal |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Forex.com services, check out our review for 2024 |
Recommended for forex traders who are familiar with the MetaTrader trading platforms
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74% of retail CFD accounts lose money
| Admirals (Admiral Markets) snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $100 |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong, Perfect Money |
| Withdrawal method | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong, Perfect Money |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2024 |
Recommended for active traders focusing on futures
| NinjaTrader snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | >3 days |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of NinjaTrader services, check out our review for 2024 |
Recommended for forex traders looking for low fees who are familiar with the MetaTrader 4 platform
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72% of retail CFD accounts lose money
| Tickmill snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $100 |
| Deposit method | Bank transfer, Credit/debit cards, Neteller, Skrill, Przelewy, PayPal |
| Withdrawal method | Bank transfer, Credit/debit cards, Neteller, Skrill, Przelewy, PayPal |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of Tickmill services, check out our review for 2024 |
Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options
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70.64% of retail CFD accounts lose money
| IC Markets snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $200 |
| Deposit method | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna |
| Withdrawal method | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of IC Markets services, check out our review for 2024 |
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How did we select the best international online brokers in Mongolia in 2024?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fees, commissions),
- We checked and compared every aspect of their services,
- Opened an account and tested the platform (charting, features, usability) with real money.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
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.
