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Best international online brokers for citizens in Nauru

Tradestation
4.7
Visit broker
Oanda
4.6
Visit broker
73.5% of retail CFD accounts lose money
XTB
4.6
Visit broker
75% of retail CFD accounts lose money
Best international online brokers for citizens in Nauru

To find the best international online brokers in Nauru, we went ahead and did the research for you. After testing, analyzing and comparing 57 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 Nauru:

  1. Tradestation is the number one international online broker in 2020. Great web and mobile trading platform. Low stock and ETF fees. High-quality educational tools.
  2. Oanda in the second place. Generally low fees. Easy-to-use web trading platform. Easy and digital account opening.
  3. XTB rounded out the top three. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.
  4. City Index, numero quatro. Low fees for forex and index CFDs. Fast and smooth account opening. Diverse research tools.
  5. IG. First-class web trading platform. Superb educational tools. Great deposit and withdrawal options. Just made it to the list with being number five.
Best international online brokers of 2020 for citizens in Nauru
Broker Info Score Best in
#1 Tradestation US stockbroker 4.7 Best app for stock trading
#2 Oanda US forex broker 4.6 Best mobile trading platform
#3 XTB Global CFD and forex broker 4.6 Best CFD broker
#4 City Index Global CFD and forex broker 4.6
#5 IG Global CFD and forex broker 4.5

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

Easy to list, but hard to figure it out. We are testing brokers more than 100 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? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.

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

Tradestation Logo

#1 Best international online brokers for citizens in Nauru
Tradestation

4.7

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 (cash up to $250,000) investor protection per account.

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 Poor customer service

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#1 Tradestation
Fees
4.0

Tradestation has low trading fees and high non-trading fees. You can choose from multiple fee structures, but you still have to pay withdrawal.
Pros Cons
Low trading fees High non-trading fees
Low stock and ETF fees Withdrawal fee
Multiple fee structures to choose from
Tradestation fees
Tradestation Oanda XTB City Index IG
US stock $1.0 - $10.0 - $15.0
UK stock - - $10.0 - $9.6
EURUSD benchmark fee - $15.9 $15.0 $12.8 $16.9

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

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#1 Tradestation
Account opening
5.0

Tradestation account opening is fully digital, user-friendly, and fast. On the other hand, the minimum deposit is $500 and multiple base currencies are only available for futures accounts.
Pros Cons
Fast $500 minimum deposit
Fully digital Multiple base currencies only for futures accounts
User-friendly
Tradestation minimum deposit and time to open an account
Tradestation Oanda XTB City Index IG
Minimum deposit $500 $0 $250 $0 $0
Time to open account 1 day 1-3 days 1 day 1 day 1-3 days

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#1 Tradestation
Deposit and withdrawal
2.0

Tradestation's deposit and withdrawal could be better. For example, you can only use bank transfer and there is a high withdrawal fee. On the upside, the deposit is free and you can choose from multiple base currencies with a futures account.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies High withdrawal fee
Slow withdrawal - over 3 days
Tradestation withdrawal fee and options
Tradestation Oanda XTB City Index IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes No Yes Yes
Electronic wallets No Yes No Yes No
Withdrawal fee $35 $0 $0 $0 $0

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#1 Tradestation
Markets and products
2.0

Tradestation gives you access to a wide variety of US products, but its non-US market coverage is not competitive. Forex, CFDs and cryptos are missing.
Tradestation markets and products
Tradestation Oanda XTB City Index IG
Stock Yes No Yes No Yes
ETF Yes No Yes No Yes
Forex No Yes Yes Yes Yes
Fund Yes No No No No
Bond Yes No No No No
Options Yes No No No Yes
Futures Yes No No No No
CFD No Yes Yes Yes Yes
Crypto No No Yes Yes Yes

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#1 Tradestation
Web trading platform
5.0

Tradestation has a good web trading platform. It is user-friendly and it looks nice, and it provides a two-step verification. On the flip side, it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Nauru - Tradestation trading platform
Tradestation trading platforms
Tradestation Oanda XTB City Index IG
Web platform score 5.0 5.0 4.0 4.0 5.0
Mobile platform score 5.0 5.0 4.0 4.0 5.0
Desktop platform score 3.0 4.0 4.0 3.0 -

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#1 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. Lastly, education is well-structured and high-quality. 

On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. There is no forex trading, and the customer service is of poor quality.

Feel free to try Tradestation if you prefer trading on US markets. We recommend it for buy and hold investors with some experience.

Tradestation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.0
Recommended for Traders focusing on US markets and buy-and-hold investing

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Oanda Logo

#2 Best international online brokers for citizens in Nauru
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
4.0

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
Tradestation Oanda XTB City Index IG
US stock $1.0 - $10.0 - $15.0
UK stock - - $10.0 - $9.6
EURUSD benchmark fee - $15.9 $15.0 $12.8 $16.9

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

Visit broker More
73.5% of retail CFD accounts lose money

#2 Oanda
Account opening
4.0

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
Tradestation Oanda XTB City Index IG
Minimum deposit $500 $0 $250 $0 $0
Time to open account 1 day 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
4.0

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
Tradestation Oanda XTB City Index IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes No Yes Yes
Electronic wallets No Yes No Yes No
Withdrawal fee $35 $0 $0 $0 $0

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73.5% of retail CFD accounts lose money

#2 Oanda
Markets and products
2.0

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
Tradestation Oanda XTB City Index IG
Stock Yes No Yes No Yes
ETF Yes No Yes No Yes
Forex No Yes Yes Yes Yes
Fund Yes No No No No
Bond Yes No No No No
Options Yes No No No Yes
Futures Yes No No No No
CFD No Yes Yes Yes Yes
Crypto No No Yes Yes Yes

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73.5% of retail CFD accounts lose money

#2 Oanda
Web trading platform
5.0

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 Nauru - Oanda trading platform
Oanda trading platforms
Tradestation Oanda XTB City Index IG
Web platform score 5.0 5.0 4.0 4.0 5.0
Mobile platform score 5.0 5.0 4.0 4.0 5.0
Desktop platform score 3.0 4.0 4.0 3.0 -

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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 4.0
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

XTB Logo

#3 Best international online brokers for citizens in Nauru
XTB

4.6

XTB is a global CFD and forex broker with headquarters in London and Warsaw. The company is regulated by several financial authorities worldwide, including the UK's Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.

XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 and stock index CFD fees High fee for stock CFD
Free and fast deposit and withdrawal Limited product portfolio, mostly CFD and FX
Easy and fast account opening Poor email support

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75% of retail CFD accounts lose money

#3 XTB
Fees
4.0

XTB has low trading fees and low non-trading fees. Within trading fees, there are low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high.
Pros Cons
Low trading fees High stock CFD fees
Low non-trading fees
No withdrawal fee
XTB fees
Tradestation Oanda XTB City Index IG
US stock $1.0 - $10.0 - $15.0
UK stock - - $10.0 - $9.6
EURUSD benchmark fee - $15.9 $15.0 $12.8 $16.9

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

Visit broker More
75% of retail CFD accounts lose money

#3 XTB
Account opening
5.0

XTB's account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
XTB minimum deposit and time to open an account
Tradestation Oanda XTB City Index IG
Minimum deposit $500 $0 $250 $0 $0
Time to open account 1 day 1-3 days 1 day 1 day 1-3 days

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75% of retail CFD accounts lose money

#3 XTB
Deposit and withdrawal
5.0

XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
XTB withdrawal fee and options
Tradestation Oanda XTB City Index IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes No Yes Yes
Electronic wallets No Yes No Yes No
Withdrawal fee $35 $0 $0 $0 $0

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75% of retail CFD accounts lose money

#3 XTB
Markets and products
3.0

XTB's product selection covers only CFDs, forex and crypto assets. Some European clients can also trade with real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
XTB markets and products
Tradestation Oanda XTB City Index IG
Stock Yes No Yes No Yes
ETF Yes No Yes No Yes
Forex No Yes Yes Yes Yes
Fund Yes No No No No
Bond Yes No No No No
Options Yes No No No Yes
Futures Yes No No No No
CFD No Yes Yes Yes Yes
Crypto No No Yes Yes Yes

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75% of retail CFD accounts lose money

#3 XTB
Web trading platform
4.0

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a 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 Nauru - XTB trading platform
XTB trading platforms
Tradestation Oanda XTB City Index IG
Web platform score 5.0 5.0 4.0 4.0 5.0
Mobile platform score 5.0 5.0 4.0 4.0 5.0
Desktop platform score 3.0 4.0 4.0 3.0 -

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75% of retail CFD accounts lose money

#3 XTB
Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, its forex and stock index CFD fees are low and the deposit and withdrawal process is free and fast. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. The 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. Lastly, its email support did not reply to our queries.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a 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 and Poland's KNF.
Fees score 4.0
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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75% of retail CFD accounts lose money

City Index Logo

#4 Best international online brokers for citizens in Nauru
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. 72% 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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72% of retail CFD accounts lose money

#4 City Index
Fees
4.0

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
Tradestation Oanda XTB City Index IG
US stock $1.0 - $10.0 - $15.0
UK stock - - $10.0 - $9.6
EURUSD benchmark fee - $15.9 $15.0 $12.8 $16.9

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

Visit broker More
72% of retail CFD accounts lose money

#4 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
Tradestation Oanda XTB City Index IG
Minimum deposit $500 $0 $250 $0 $0
Time to open account 1 day 1-3 days 1 day 1 day 1-3 days

Visit broker More
72% of retail CFD accounts lose money

#4 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
Tradestation Oanda XTB City Index IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes No Yes Yes
Electronic wallets No Yes No Yes No
Withdrawal fee $35 $0 $0 $0 $0

Visit broker More
72% of retail CFD accounts lose money

#4 City Index
Markets and products
2.0

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
Tradestation Oanda XTB City Index IG
Stock Yes No Yes No Yes
ETF Yes No Yes No Yes
Forex No Yes Yes Yes Yes
Fund Yes No No No No
Bond Yes No No No No
Options Yes No No No Yes
Futures Yes No No No No
CFD No Yes Yes Yes Yes
Crypto No No Yes Yes Yes

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72% of retail CFD accounts lose money

#4 City Index
Web trading platform
4.0

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 Nauru - City Index trading platform
City Index trading platforms
Tradestation Oanda XTB City Index IG
Web platform score 5.0 5.0 4.0 4.0 5.0
Mobile platform score 5.0 5.0 4.0 4.0 5.0
Desktop platform score 3.0 4.0 4.0 3.0 -

Visit broker More
72% of retail CFD accounts lose money

#4 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 4.0
Recommended for Forex and CFD traders looking for low forex fees and great research tools

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72% of retail CFD accounts lose money

IG Logo

#5 Best international online brokers for citizens in Nauru
IG

4.5

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. 68% 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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68% of retail CFD accounts lose money

#5 IG
Fees
3.0

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
Tradestation Oanda XTB City Index IG
US stock $1.0 - $10.0 - $15.0
UK stock - - $10.0 - $9.6
EURUSD benchmark fee - $15.9 $15.0 $12.8 $16.9

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

Visit broker More
68% of retail CFD accounts lose money

#5 IG
Account opening
4.0

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
Tradestation Oanda XTB City Index IG
Minimum deposit $500 $0 $250 $0 $0
Time to open account 1 day 1-3 days 1 day 1 day 1-3 days

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68% of retail CFD accounts lose money

#5 IG
Deposit and withdrawal
5.0

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
Tradestation Oanda XTB City Index IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes No Yes Yes
Electronic wallets No Yes No Yes No
Withdrawal fee $35 $0 $0 $0 $0

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68% of retail CFD accounts lose money

#5 IG
Markets and products
3.0

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
Tradestation Oanda XTB City Index IG
Stock Yes No Yes No Yes
ETF Yes No Yes No Yes
Forex No Yes Yes Yes Yes
Fund Yes No No No No
Bond Yes No No No No
Options Yes No No No Yes
Futures Yes No No No No
CFD No Yes Yes Yes Yes
Crypto No No Yes Yes Yes

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68% 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 Nauru - IG trading platform
IG trading platforms
Tradestation Oanda XTB City Index IG
Web platform score 5.0 5.0 4.0 4.0 5.0
Mobile platform score 5.0 5.0 4.0 4.0 5.0
Desktop platform score 3.0 4.0 4.0 3.0 -

Visit broker More
68% 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 3.0
Recommended for Traders of any experience level looking for an easy-to-use trading platform

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68% of retail CFD accounts lose money

Best international online brokers for citizens in Nauru
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 regulators. Some of them are also listed on an exchange, and some have a banking background.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.

If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.

How did Brokerchooser pick the best international online brokers for a citizen in Nauru?

At Brokerchooser we test online brokers more than 100 criteria, with a real account and real money. Not to overwhelm you we list the five most important criteria.

The 5 most important criteria for 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 Nauru
Bottom line

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

Best international online brokers for citizens in Nauru
Tradestation Oanda XTB City Index IG
Overall score 4.7 4.6 4.6 4.6 4.5
Best in Best app for stock trading Best mobile trading platform Best CFD broker
Fees score 4.0 4.0 4.0 4.0 3.0
Account opening score 5.0 4.0 5.0 5.0 4.0
Deposit and withdrawal score 2.0 4.0 5.0 4.0 5.0
Markets and products score 2.0 2.0 3.0 2.0 3.0
Web platform score 5.0 5.0 4.0 4.0 5.0
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73.5% of retail CFD accounts lose money
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75% of retail CFD accounts lose money
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72% of retail CFD accounts lose money
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68% of retail CFD accounts lose money

Tradestation is our winner, the best international online broker in Nauru of 2020. Great web and mobile trading platform. Low stock and ETF fees. High-quality educational tools.
All brokers are considered a great choice. Pick the winner, or any runner-up and take the next step in your investment journey. Let us know what you think in the comment section.
Still unsure? Use the broker finder and find the best international broker for you or learn more about investing your money.

Tibor Bedő

Tibor Bedő

Co-founder, CEO

Author of this article

Tibor believes having a good stockbroker is everybody's privilege. He worked extensively in the financial industry, including at Morgan Stanley and at The Boston Consulting Group (BCG). He advised leading European banks on strategy, finance and risk management.

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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