Best international online brokers for citizens in Mozambique

Interactive Brokers
4.9
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Oanda
4.6
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73.5% of retail CFD accounts lose money
City Index
4.6
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71% of retail CFD accounts lose money
Best international online brokers for citizens in Mozambique

To find the best international online brokers in Mozambique, we went ahead and did the research for you. After testing, analyzing and comparing 63 brokers, 5 made it to the top. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for the best international online brokers of 2020 for citizens in Mozambique:

  1. Interactive Brokers is the number one international online broker in 2020. Wide range of products. Many great research tools. Regulated by several authorities.
  2. Oanda is your runner-up. Generally low fees. Easy-to-use web trading platform. Easy and digital account opening.
  3. City Index rounds out the top three. Low fees for forex and index CFDs. Fast and smooth account opening. Diverse research tools.
  4. TradeStation Global, numero quatro. Low trading fees. Wide range of products. Fast and relevant customer service.
  5. IG. First-class web trading platform. Superb educational tools. Great deposit and withdrawal options. Just made it to the list at number five.
Best international online brokers of 2020 for citizens in Mozambique
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.9 Best online broker
#2 Oanda US forex broker 4.6 Best mobile trading platform
#3 City Index Global CFD and forex broker 4.6
#4 TradeStation Global UK-based global broker 4.6 Best broker for buy and hold
#5 IG Global CFD and forex broker 4.6

What makes a good online broker? First of all, they must offer fair fees and have a good safety score. It should also be easy to open an account and deposit money. They should give you access to many products, and they need to have a great trading platform.

Easy to list, but hard to figure out. That’s why we are testing brokers along more than 100 criteria, using real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker? For a tailored recommendation, check out our broker finder tool. You can enter your country, and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with this detailed comparison table.

And now, let's see the best international online brokers in 2020 for citizens in Mozambique one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in Mozambique
Interactive Brokers

4.9

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Wide range of products Extremely complex desktop trading platform
Many great research tools Complicated account opening process
Regulated by several authorities High inactivity fee

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#1 Interactive Brokers
Fees
4.3

Interactive Brokers has low trading fees and for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Low stock and ETF fees
Low financing rate
Free stock and ETF trading for US clients
Interactive Brokers fees
Interactive Brokers Oanda City Index TradeStation Global IG
US stock $1.0 - - $1.5 $15.0
UK stock $7.2 - - $2.4 $9.6
EURUSD benchmark fee $17.9 $15.9 $12.8 $17.9 $16.8

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

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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 online registration is complicated and account verification takes around 2 business days.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most accounts types Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers Oanda City Index TradeStation Global IG
Minimum deposit $0 $0 $0 $1,000 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

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#1 Interactive Brokers
Deposit and withdrawal
2.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
First withdrawal each month free
Interactive Brokers withdrawal fee and options
Interactive Brokers Oanda City Index TradeStation Global IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes Yes No Yes
Electronic wallets No Yes Yes No 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, with every product type available.
Interactive Brokers markets and products
Interactive Brokers Oanda City Index TradeStation Global IG
Stock Yes No No Yes Yes
ETF Yes No No Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes No No Yes No
Bond Yes No No Yes No
Options Yes No No Yes Yes
Futures Yes No No Yes No
CFD Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes

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#1 Interactive Brokers
Web trading platform
4.3

Interactive Brokers's web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Mozambique - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers Oanda City Index TradeStation Global IG
Web platform score 4.3 stars 4.5 stars 4.3 stars 4.3 stars 5.0 stars
Mobile platform score 3.5 stars 5.0 stars 4.3 stars 3.5 stars 5.0 stars
Desktop platform score 3.0 stars 3.8 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 for advanced traders.

On the plus side, IB has a vast range of markets and products available, with diverse research tools and low costs

There are some drawbacks though: there is a high inactivity fee and the account opening process is complicated. The desktop platform is complex and hard-to-understand, especially for beginners.

If you have experience navigating complex platforms and you like transparent low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.3 stars
Recommended for Traders looking for low fees and a professional trading environment

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Oanda Logo

#2 Best international online brokers for citizens in Mozambique
Oanda

4.6

Oanda is an American forex broker founded in 1996.

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

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders who value a user-friendly platform and great research tools

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

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73.5% of retail CFD accounts lose money

#2 Oanda
Fees
4.5

Oanda charges low CFD and low forex fees. Non-trading fees are low, though the withdrawal fee is quite high for bank transfers.
Pros Cons
Low trading fees High withdrawal fee for bank transfers
Low forex fees
No withdrawal fee
No withdrawal fee in most cases
Oanda fees
Interactive Brokers Oanda City Index TradeStation Global IG
US stock $1.0 - - $1.5 $15.0
UK stock $7.2 - - $2.4 $9.6
EURUSD benchmark fee $17.9 $15.9 $12.8 $17.9 $16.8

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

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73.5% of retail CFD accounts lose money

#2 Oanda
Account opening
4.4

Oanda's account opening is straightforward, with no required minimum balance.
Pros Cons
Fully digital Issues with ID verification can slow account opening
No minimum deposit
Low minimum deposit
Oanda minimum deposit and time to open an account
Interactive Brokers Oanda City Index TradeStation Global IG
Minimum deposit $0 $0 $0 $1,000 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

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73.5% of retail CFD accounts lose money

#2 Oanda
Deposit and withdrawal
4.2

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

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73.5% of retail CFD accounts lose money

#2 Oanda
Markets and products
1.5

At Oanda you can trade only forex and CFDs. It offers fewer forex pairs but more CFDs than its closest competitors.
Oanda markets and products
Interactive Brokers Oanda City Index TradeStation Global IG
Stock Yes No No Yes Yes
ETF Yes No No Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes No No Yes No
Bond Yes No No Yes No
Options Yes No No Yes Yes
Futures Yes No No Yes No
CFD Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes

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73.5% of retail CFD accounts lose money

#2 Oanda
Web trading platform
4.5

Oanda's web trading platform is user-friendly and safe with good customizability. On the downside, you can't set price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Mozambique - Oanda trading platform
Oanda trading platforms
Interactive Brokers Oanda City Index TradeStation Global IG
Web platform score 4.3 stars 4.5 stars 4.3 stars 4.3 stars 5.0 stars
Mobile platform score 3.5 stars 5.0 stars 4.3 stars 3.5 stars 5.0 stars
Desktop platform score 3.0 stars 3.8 stars 3.0 stars 3.0 stars -

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73.5% of retail CFD accounts lose money

#2 Oanda
Verdict

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

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

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

Oanda
Summary Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Fees score 4.5 stars
Recommended for Forex traders who value a user-friendly platform and great research tools

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73.5% of retail CFD accounts lose money

City Index Logo

#3 Best international online brokers for citizens in Mozambique
City Index

4.6

City Index was founded in 1983 and it is a global CFD and FX broker. City Index is the brand name of GAIN Capital, which is listed on the New York Stock Exchange. The company is regulated by top-tier financial authorities, such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) or Monetary Authority of Singapore (MAS). 

City Index is considered safe because it has a long track record, 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. 71% 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 and index CFDs Limited product portfolio
Fast and smooth account opening High stock CFD fees
Diverse research tools Not user-friendly desktop platform

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71% of retail CFD accounts lose money

#3 City Index
Fees
4.1

City Index has low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high and there is an inactivity fee.
Pros Cons
Low forex fees Inactivity fee
No withdrawal fee High stock CFD fee
Low stock index CFD fees
City Index fees
Interactive Brokers Oanda City Index TradeStation Global IG
US stock $1.0 - - $1.5 $15.0
UK stock $7.2 - - $2.4 $9.6
EURUSD benchmark fee $17.9 $15.9 $12.8 $17.9 $16.8

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

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71% of retail CFD accounts lose money

#3 City Index
Account opening
5.0

City Index account opening is fully digital and there is no minimum deposit. It took us one day to have an approved open account.
Pros Cons
Fast None
Fully digital
No minimum deposit
City Index minimum deposit and time to open an account
Interactive Brokers Oanda City Index TradeStation Global IG
Minimum deposit $0 $0 $0 $1,000 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

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71% of retail CFD accounts lose money

#3 City Index
Deposit and withdrawal
4.0

City Index provides multiple options for deposit and withdrawal and they are free of charge. However, the withdrawal with some credit cards is not possible.
Pros Cons
Credit/Debit card available Problem with credit card withdrawal
Free withdrawal
No deposit fee
City Index withdrawal fee and options
Interactive Brokers Oanda City Index TradeStation Global IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes Yes No Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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71% of retail CFD accounts lose money

#3 City Index
Markets and products
2.1

At City Index, you can only trade with CFDs, forex, and cryptos. Unfortunately, real stocks, bonds and ETFs are not available.
City Index markets and products
Interactive Brokers Oanda City Index TradeStation Global IG
Stock Yes No No Yes Yes
ETF Yes No No Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes No No Yes No
Bond Yes No No Yes No
Options Yes No No Yes Yes
Futures Yes No No Yes No
CFD Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes

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71% of retail CFD accounts lose money

#3 City Index
Web trading platform
4.3

City Index's web trading platform is user-friendly and extremely customizable. It has also a lot of order types. On the flip 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 Mozambique - City Index trading platform
City Index trading platforms
Interactive Brokers Oanda City Index TradeStation Global IG
Web platform score 4.3 stars 4.5 stars 4.3 stars 4.3 stars 5.0 stars
Mobile platform score 3.5 stars 5.0 stars 4.3 stars 3.5 stars 5.0 stars
Desktop platform score 3.0 stars 3.8 stars 3.0 stars 3.0 stars -

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71% of retail CFD accounts lose money

#3 City Index
Verdict

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

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

It has some drawbacks though. The product portfolio is limited, the stock CFD fees are quite high, and the desktop platform is not easy-to-use.

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

City Index
Summary City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, GAIN Capital is listed on the New York Stock Exchange.
Fees score 4.1 stars
Recommended for Forex and CFD traders looking for low forex fees and great research tools

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71% of retail CFD accounts lose money

TradeStation Global Logo

#4 Best international online brokers for citizens in Mozambique
TradeStation Global

4.6

TradeStation Global is the brand of TradeStation International, which is based in the UK and regulated by the top-tier FCA. TradeStation International is the subsidiary of TradeStation, and an introducing broker of Interactive Brokers (IB).  

Therefore, TradeStation Global is a combined product of TradeStation and IB. You can reach IB's markets almost at IB's fees. You can trade on both IB's and TradeStation's desktop platform. The customer service is by TradeStation. 

Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on 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 trading fees Not user-friendly deposit and withdrawal
Wide range of products Complicated account opening
Fast and relevant customer service Limited education materials

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#4 TradeStation Global
Fees
4.1

TradeStation Global has low trading fees, especially for stock and ETF. It's also great that there is no inactivity fee and the first withdrawal in each month is free of charge. On the other hand, mutual fund fees are high.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Low stock and ETF fees
TradeStation Global fees
Interactive Brokers Oanda City Index TradeStation Global IG
US stock $1.0 - - $1.5 $15.0
UK stock $7.2 - - $2.4 $9.6
EURUSD benchmark fee $17.9 $15.9 $12.8 $17.9 $16.8

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

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#4 TradeStation Global
Account opening
2.8

TradeStation Global's account opening is fully digital and fast. On the negative side, the process is complicated and there is a high, $1,000 minimum required deposit.
Pros Cons
Fast Minimum deposit is higher than $500
Fully digital Not user-friendly
TradeStation Global minimum deposit and time to open an account
Interactive Brokers Oanda City Index TradeStation Global IG
Minimum deposit $0 $0 $0 $1,000 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

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#4 TradeStation Global
Deposit and withdrawal
2.5

TradeStation Global offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
No charge for the first withdrawal every month.
TradeStation Global withdrawal fee and options
Interactive Brokers Oanda City Index TradeStation Global IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes Yes No Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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#4 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 Oanda City Index TradeStation Global IG
Stock Yes No No Yes Yes
ETF Yes No No Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes No No Yes No
Bond Yes No No Yes No
Options Yes No No Yes Yes
Futures Yes No No Yes No
CFD Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes

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#4 TradeStation Global
Web trading platform
4.3

You can use Interactive Brokers' web trading platforms. Client Portal is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report Difficult to set the alerts
Two-step (safer) login
Best international online brokers for citizens in Mozambique - TradeStation Global trading platform
TradeStation Global trading platforms
Interactive Brokers Oanda City Index TradeStation Global IG
Web platform score 4.3 stars 4.5 stars 4.3 stars 4.3 stars 5.0 stars
Mobile platform score 3.5 stars 5.0 stars 4.3 stars 3.5 stars 5.0 stars
Desktop platform score 3.0 stars 3.8 stars 3.0 stars 3.0 stars -

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#4 TradeStation Global
Verdict

TradeStation Global has low trading fees, has access to a lot of products and markets, and has great customer support. The TradeStation Global desktop platform has great charting tools, and plenty of indicators highly customizable watchlists (Radar Screen), and visualized order placing (Matrix).

On the other hand, the deposit and withdrawal process is not user-friendly and you can use only a bank transfer. The account opening is complicated and for full account verification, a minimum deposit of $1,000 is needed. Lastly, the education section could be extended with more materials, as of now, it is limited.

If you prefer low fees with IB's product range, feel free to try TradeStation Global.

TradeStation Global
Summary TradeStation Global is an introducing broker of Interactive Brokers. It practically means that assets and cash are held with Interactive Brokers, but services, like the fees or customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA.
Fees score 4.1 stars
Recommended for Traders and investors looking for low fees and a wide selection of products

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IG Logo

#5 Best international online brokers for citizens in Mozambique
IG

4.6

IG was established in the UK in 1974 and is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the Financial Conduct Authority (FCA) and the Federal Financial Supervisory Authority (BaFin). 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.

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. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

Recommended for traders of any experience level looking for an easy-to-use trading platform

Pros Cons
First-class web trading platform High stock CFD fees
Superb educational tools Limited product portfolio
Great deposit and withdrawal options Poor phone support

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76% of retail CFD accounts lose money

#5 IG
Fees
3.4

IG has low fees for stock index CFD, while forex fees are average to low. There is no fee for withdrawal and the inactivity fee is charged only after 2 years. On the negative side, the stock CFD fees are high.
Pros Cons
No withdrawal fee Inactivity fee
Low index CFD trading fees High stock CFD fee
IG fees
Interactive Brokers Oanda City Index TradeStation Global IG
US stock $1.0 - - $1.5 $15.0
UK stock $7.2 - - $2.4 $9.6
EURUSD benchmark fee $17.9 $15.9 $12.8 $17.9 $16.8

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

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76% of retail CFD accounts lose money

#5 IG
Account opening
4.4

IG's account opening is seamless and fully digital. There is no minimum deposit for bank transfers and a low, $300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
Pros Cons
Fully digital Slower account opening
Low minimum deposit
No minimum deposit for bank transfer
IG minimum deposit and time to open an account
Interactive Brokers Oanda City Index TradeStation Global IG
Minimum deposit $0 $0 $0 $1,000 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

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76% of retail CFD accounts lose money

#5 IG
Deposit and withdrawal
4.5

IG offers free and fast deposit and withdrawal. There are various options for funding your account, including traditional methods such as bank wire and credit card funding, as well as PayPal.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
IG withdrawal fee and options
Interactive Brokers Oanda City Index TradeStation Global IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes Yes No Yes
Electronic wallets No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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76% of retail CFD accounts lose money

#5 IG
Markets and products
3.5

At IG, most clients can only trade with CFDs, forex and options. There are literally thousands of CFDs available to trade. Residents in the UK and some other countries can also trade with real shares. Other popular assets, like mutual funds or bonds, are not available.
IG markets and products
Interactive Brokers Oanda City Index TradeStation Global IG
Stock Yes No No Yes Yes
ETF Yes No No Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes No No Yes No
Bond Yes No No Yes No
Options Yes No No Yes Yes
Futures Yes No No Yes No
CFD Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes

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76% of retail CFD accounts lose money

#5 IG
Web trading platform
5.0

IG's web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Mozambique - IG trading platform
IG trading platforms
Interactive Brokers Oanda City Index TradeStation Global IG
Web platform score 4.3 stars 4.5 stars 4.3 stars 4.3 stars 5.0 stars
Mobile platform score 3.5 stars 5.0 stars 4.3 stars 3.5 stars 5.0 stars
Desktop platform score 3.0 stars 3.8 stars 3.0 stars 3.0 stars -

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76% of retail CFD accounts lose money

#5 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 one of the best web trading platforms Brokerchooser tested. The deposit and withdrawal conditions are great. You can also educate yourself with great educational materials.

On the other hand, there are some drawbacks. The stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs, and options. The phone customer service has also low quality.

Feel free to test IG's first-class trading platform since there is no minimum funding amount for bank transfers and you can easily open a demo account too. 

IG
Summary IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA.
Fees score 3.4 stars
Recommended for Traders of any experience level looking for an easy-to-use trading platform

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76% of retail CFD accounts lose money

Best international online brokers for citizens in Mozambique
What makes a good online broker

Now you know the top 5. You are probably curious about how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?

What is an online broker?

Thirty years ago if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like in the Wolf of Wall Street movie. They were checking the stocks' prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make the order through the brokers' online platform. These brokers are the online brokers. Online brokers help you buying and selling securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.

Are these brokers safe?

You can be sure none of them is a scam. They are regulated by top-tier authorities. Some of them are also listed on an exchange, while 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 Mozambique?

At BrokerChooser, we test online brokers along more than 100 criteria, using real accounts and real money. We don’t want to overwhelm you, so for now we’ll just list the five most important criteria.

The five most important criteria for best international online brokers are:

5 important criteria for the best international online brokers in 2020
1. Fees The trading fee of a typical US equity trade can be 50 times higher at one online broker compared to another. Worth to check the fees.
2. Account opening Some online brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best online brokers require.
3. Deposit and withdrawal Transferring money to your account can be 5 times longer and more expensive at one online broker compared to another.
4. Products and markets You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account.
5. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.

Best international online brokers for citizens in Mozambique
Bottom line

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

Best international online brokers for citizens in Mozambique
Interactive Brokers Oanda City Index TradeStation Global IG
Overall score 4.9 4.6 4.6 4.6 4.6
Best in Best online broker Best mobile trading platform Best broker for buy and hold
Fees score 4.3 stars 4.5 stars 4.1 stars 4.1 stars 3.4 stars
Account opening score 3.4 stars 4.4 stars 5.0 stars 2.8 stars 4.4 stars
Deposit and withdrawal score 2.5 stars 4.2 stars 4.0 stars 2.5 stars 4.5 stars
Markets and products score 5.0 stars 1.5 stars 2.1 stars 5.0 stars 3.5 stars
Web platform score 4.3 stars 4.5 stars 4.3 stars 4.3 stars 5.0 stars
Visit broker Visit broker
73.5% of retail CFD accounts lose money
Visit broker
71% of retail CFD accounts lose money
Visit broker Visit broker
76% of retail CFD accounts lose money

Interactive Brokers is our winner, the best international online broker in Mozambique of 2020. Wide range of products. Many great research tools. Regulated by several authorities.
All of these brokers are considered 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 comment section.
Still unsure? Use the broker finder and find the best international broker for you, or learn more about investing your money.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely 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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Visit Oanda
73.5% of retail CFD accounts lose money
Visit City Index
71% of retail CFD accounts lose money
Visit IG
76% of retail CFD accounts lose money
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