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Best international online brokers for citizens in Papua New Guinea

Jan 2019
Our top 2 international broker picks
Interactive Brokers
XTB
76% of retail CFD accounts lose money
Best international online brokers for citizens in Papua New Guinea

To find the best international online brokers in Papua New Guinea, we went ahead and did the research for you. After testing, analyzing and comparing 53 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 2019 for citizens in Papua New Guinea:

  1. Interactive Brokers is the number one international online broker in 2019. Broad product portfolio. Low fees. Great and diverse research tools.
  2. XTB, place two. Fast deposit and withdrawal. Fast and user-friendly account opening. Good research tools.
  3. IG. Easy-to-use web trading platform. Helpful and reliable customer service. Great deposit and withdrawal tools. Third place.
  4. Tradestation, numero quatro. Great mobile trading platform. Wide range of reserach tools. High-quality educational tools.
  5. Pepperstone. Great customer service. User-friendly and fast account opening. Easy-to-use and good-looking platforms. Just made it to the list with being number five.
Best international online brokers of 2019 for citizens in Papua New Guinea
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.8 Best online broker
#2 XTB Global CFD and FX broker 4.5 Best CFD broker
#3 IG Global CFD and FX broker 4.5 Best FX broker
#4 Tradestation US stockbroker 4.4
#5 Pepperstone Australian forex broker 4.4 Best customer support

All 5 brokers are considered safe. They are regulated by top-tier financial regulators.

What makes a good online broker? They need to offer fair fees. It must also be easy to open an account and deposit. They should offer access to a lot of markets and need to have a great platform. Easy to list, but hard to figure it out. We are testing brokers along ~100 criteria with real accounts and real money. We know what's up.

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.

Boring, but important stuff: Some of the brokers portfolio might contain CFD products. CFDs are complex and very risky, thus not suitable for everyone. You can easily lose all of your invested money. If you don't have clue what a CFD is, start with these CFD trading tips

And now, let's see the best international online brokers for Papua New Guinea in 2019 one by one. Starting with the winner, Interactive Brokers.

#1 Best international online brokers for citizens in Papua New Guinea
Interactive Brokers

4.8 5 stars

Best online broker

Interactive Brokers logo

Interactive Brokers was founded in 1978 and it is one of the biggest US-based discount brokers. It is regulated by several regulators globally, including top-tier authorities like FCA and SEC. Interactive Brokers Group is listed on the New York Stock Exchange.

Interactive Brokers is considered safe because it has a long track record, is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

Recommended for traders who prefer low fees and a professional trading environment

Pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
Cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform

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#1 Interactive Brokers
Fees 4 stars

Interactive Brokers has low trading fees and high non-trading fees. The fees are transparent.
Pros
  • Low trading fees
  • Transparent fee structure
Cons
  • Inactivity fee
Interactive Brokers fees
Interactive Brokers XTB IG Tradestation Pepperstone
Apple benchmark fee $2.2 $18.1 $32.1 $2.2 -
Vodafone benchmark fee $17.9 $24.4 $30.5 - -
EURUSD benchmark fee $23.0 $17.1 $12.3 - $19.3

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#1 Interactive Brokers
Account opening 3 stars

The account opening process is fully digital, but slow and complicated.
Pros
  • Fully digital account opening
  • No minimum deposit for most accounts
Cons
  • Slow account opening
  • Not user-friendly
  • Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers XTB IG Tradestation Pepperstone
Minimum deposit $0 $250 $0 $500 $0
Time to open account 1-3 days 1 day 1-3 days 1-3 days 1-3 days

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#1 Interactive Brokers
Deposit and withdrawal 2 stars

Interactive Brokers offers a lot of base currencies and one withdrawal per month is free. On the negative side, only bank transfer is available.
Pros
  • Several account base currencies
  • No charge for the first withdrawal each month
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Slow funding and withdrawal - over 3 days
Interactive Brokers withdrawal fee and options
Interactive Brokers XTB IG Tradestation Pepperstone
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $0 $0 $35 $20

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#1 Interactive Brokers
Markets and products 5 stars

Interactive Brokers allows you access to a very wide range of markets and you can trade with all product types. IB's product range is the widest available.
Interactive Brokers markets and products
Interactive Brokers XTB IG Tradestation Pepperstone
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes Yes No Yes
Fund Yes No No Yes No
Bond Yes No No No No
Options Yes No Yes Yes No
Futures Yes No No Yes No
CFD Yes Yes Yes No Yes
Crypto Yes Yes Yes No Yes

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#1 Interactive Brokers
Web trading platform 4 stars

The Interactive Brokers web platform is simple and easy to use, even for beginners. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Clear fee report
  • Two-step (safe) login
Cons
  • Limited customizability (for charts, workspace)
Best international online brokers for citizens in Papua New Guinea - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers XTB IG Tradestation Pepperstone
Web platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Mobile platform score 4 stars 4 stars 5 stars 5 stars 4 stars
Desktop platform score 3 stars 4 stars - 3 stars 4 stars

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#1 Interactive Brokers
Verdict

IB is one of the biggest discount US brokers regulated by top-tier regulators. If you like low-cost trading and easily navigate on a really complicated platform, Interactive Brokers is for you. We mainly recommend IB for traders.

It has low trading fees, a wide range of product portfolio, and diverse research tools. 

On the flip side, only bank transfer is available for deposit and withdrawal. The account opening and the desktop platform are not user-friendly and complicated.

Interactive Brokers is definitely recommended if you want low fees, a lot of products and you are experienced to cope with a complicated platform.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. IB is listed on stock exchange and regulated by several authorities, like the top-tier FCA and SEC.
Fees score 4 stars
Recommended for Traders who prefer low fees and a professional trading environment

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#2 Best international online brokers for citizens in Papua New Guinea
XTB

4.5 5 stars

Best CFD broker

XTB logo

XTB is primarily a forex and CFD broker, while in some countries you can also trade with stocks. XTB is a global broker with more than ten offices worldwide. In Europe, it serves clients via the UK or a Polish entity. We tested the UK entity but will provide info on all entities.

XTB is listed on the Warsaw Stock Exchange. A listed company is more transparent, as it discloses its financials regularly. XTB is authorized and regulated by different regulators, including the UK FCA.

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 forex and cfd traders looking for great funding and withdrawal processes and research tools

Pros
  • Fast deposit and withdrawal
  • Fast and user-friendly account opening
  • Good research tools
Cons
  • Limited product portfolio, mostly CFD and FX
  • Sales team can be pushy
  • No 24/7 customer support

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76% of retail CFD accounts lose money

#2 XTB
Fees 4 stars

XTB has average trading fees and low non-trading fees.
Pros
  • Low non-trading fees
  • No withdrawal fee
  • No inactivity fee
Cons
None
XTB fees
Interactive Brokers XTB IG Tradestation Pepperstone
Apple benchmark fee $2.2 $18.1 $32.1 $2.2 -
Vodafone benchmark fee $17.9 $24.4 $30.5 - -
EURUSD benchmark fee $23.0 $17.1 $12.3 - $19.3

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker
76% of retail CFD accounts lose money

#2 XTB
Account opening 5 stars

XTB account opening is hassle-free and straightforward. Your account is ready for trading on the same day. However, the sales team is very pushy.
Pros
  • Fast account opening
  • Fully digital account opening
  • User-friendly
Cons
  • Sales team pushy
XTB minimum deposit and time to open an account
Interactive Brokers XTB IG Tradestation Pepperstone
Minimum deposit $0 $250 $0 $500 $0
Time to open account 1-3 days 1 day 1-3 days 1-3 days 1-3 days

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76% of retail CFD accounts lose money

#2 XTB
Deposit and withdrawal 5 stars

XTB's deposit and withdrawal are cost-friendly, fast, and can be done in several forms. Fees for electronic wallet deposits are quite high.
Pros
  • Credit/Debit card deposit and withdrawal
  • Quick funding and withdrawal -within 3 days
  • User-friendly
Cons
  • High fees for electronic wallet deposits
XTB withdrawal fee and options
Interactive Brokers XTB IG Tradestation Pepperstone
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $0 $0 $35 $20

More Visit broker
76% of retail CFD accounts lose money

#2 XTB
Markets and products 2 stars

UK residents, Hungarians and non-Europeans can trade only with CFDs and forex. All other Europeans can also trade with stocks and ETFs.
XTB markets and products
Interactive Brokers XTB IG Tradestation Pepperstone
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes Yes No Yes
Fund Yes No No Yes No
Bond Yes No No No No
Options Yes No Yes Yes No
Futures Yes No No Yes No
CFD Yes Yes Yes No Yes
Crypto Yes Yes Yes No Yes

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76% of retail CFD accounts lose money

#2 XTB
Web trading platform 4 stars

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, we missed the two-step login, the leverage setting option and the more sophisticated order types.
Pros
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
Cons
  • No two-step (safe) login
  • Limited order types
Best international online brokers for citizens in Papua New Guinea - XTB trading platform
XTB trading platforms
Interactive Brokers XTB IG Tradestation Pepperstone
Web platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Mobile platform score 4 stars 4 stars 5 stars 5 stars 4 stars
Desktop platform score 3 stars 4 stars - 3 stars 4 stars

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76% of retail CFD accounts lose money

#2 XTB
Verdict

XTB is a good broker. It is regulated by more than 10 authorities globally, including the UK FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, the deposit and withdrawal process is fast. We liked the seamless and hassle-free account opening. The research tools are easy-to-use.

XTB has some drawbacks though. Its product range is mainly limited to FX and CFDs, but there are stocks trading is also available in some countries. When opening the account the sales team can be pushy. We also missed the 24/7 customer support.

We recommend XTB for clients who prefer forex and CFD trading and are looking for fast account opening, cheap money withdrawal and great research tools. Feel free to test it via the demo account.

XTB
Summary XTB is a global CFD broker, listed on the Warsaw Stock Exchange, regulated by regulators, like FCA and KNF, the polish regulator.
Fees score 4 stars
Recommended for Forex and CFD traders looking for great funding and withdrawal processes and research tools

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76% of retail CFD accounts lose money

#3 Best international online brokers for citizens in Papua New Guinea
IG

4.5 5 stars

Best FX broker

IG logo

IG was established in the UK in 1974 and is one of the biggest CFD providers in the world. It is regulated by several bodies globally, including top-tier authorities like the FCA. 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.

IG is primarily a CFD broker. If you are from the US, you can only trade with forex. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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 with any experience level aiming for a great and easy-to-use trading platform

Pros
  • Easy-to-use web trading platform
  • Helpful and reliable customer service
  • Great deposit and withdrawal tools
Cons
  • High trading fees
  • Limited product portfolio
  • Limited research tools

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74% of retail CFD accounts lose money

#3 IG
Fees 2 stars

IG's trading fees are high and non-trading fees are average. Its financing rate is one of the best.
Pros
  • Low financing rate
  • Transparent fee structure
Cons
  • High trading fees
  • Inactivity fee
IG fees
Interactive Brokers XTB IG Tradestation Pepperstone
Apple benchmark fee $2.2 $18.1 $32.1 $2.2 -
Vodafone benchmark fee $17.9 $24.4 $30.5 - -
EURUSD benchmark fee $23.0 $17.1 $12.3 - $19.3

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker
74% of retail CFD accounts lose money

#3 IG
Account opening 4 stars

The account opening process is fast, user-friendly, and fully digital. On the other hand, the sales team is quite pushy.
Pros
  • Fast account opening
  • Fully digital account opening
  • No minimum deposit for bank transfer
Cons
  • The sales team is quite pushy, prompting you regularly to fund your account
IG minimum deposit and time to open an account
Interactive Brokers XTB IG Tradestation Pepperstone
Minimum deposit $0 $250 $0 $500 $0
Time to open account 1-3 days 1 day 1-3 days 1-3 days 1-3 days

More Visit broker
74% of retail CFD accounts lose money

#3 IG
Deposit and withdrawal 5 stars

You have several options to transfer money. The transfer process is user-friendly and fast.
Pros
  • Credit/Debit card deposit and withdrawal
  • Several account base currencies
  • User-friendly
Cons
  • Not transparent on available base currencies
IG withdrawal fee and options
Interactive Brokers XTB IG Tradestation Pepperstone
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $0 $0 $35 $20

More Visit broker
74% of retail CFD accounts lose money

#3 IG
Markets and products 3 stars

At IG, most clients can only trade with CFDs, forex and options. There are literally thousands of CFDs available to trade. The UK and some other clients can also trade with shares.
IG markets and products
Interactive Brokers XTB IG Tradestation Pepperstone
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes Yes No Yes
Fund Yes No No Yes No
Bond Yes No No No No
Options Yes No Yes Yes No
Futures Yes No No Yes No
CFD Yes Yes Yes No Yes
Crypto Yes Yes Yes No Yes

More Visit broker
74% of retail CFD accounts lose money

#3 IG
Web trading platform 5 stars

IG's web platform is great. It is easy to use, has all necessary functions and can be customized. Even first-time users can familiarize themselves with it instantly.
Pros
  • User-friendly
  • Two-step (safe) login
  • Good search function
  • Good customizability (for charts, workspace)
Cons
None
Best international online brokers for citizens in Papua New Guinea - IG trading platform
IG trading platforms
Interactive Brokers XTB IG Tradestation Pepperstone
Web platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Mobile platform score 4 stars 4 stars 5 stars 5 stars 4 stars
Desktop platform score 3 stars 4 stars - 3 stars 4 stars

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74% of retail CFD accounts lose money

#3 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 the best web trading platform Brokerchooser tested. Its customer service is professional and relevant. The deposit and withdrawal conditions are also great.

The biggest drawback is the fee structure. IG is quite pricey, especially when you trade with lower amounts. IG's product portfolio is limited to forex, CFDs and options; however, in the UK and some other countries, stocks are also available. US clients can trade only with forex.

It is quite easy to test IG's first-class trading platform since there is no minimum funding for bank transfer and you can easily open a demo account. 

IG
Summary IG is a CFD and forex. It is listed on the London Stock Exchange and regulated several authorities globally, including the top-tier FCA.
Fees score 2 stars
Recommended for Traders with any experience level aiming for a great and easy-to-use trading platform

More Visit broker
74% of retail CFD accounts lose money

#4 Best international online brokers for citizens in Papua New Guinea
Tradestation

4.4 4 stars

Tradestation logo

TradeStation is a US broker with a long history dating back to 1982. Its parent company, the Monex Group is listed on the Tokyo stock exchange.

TradeStation is considered safe as it is regulated by a top-tier regulator, the US FINRA. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.

Recommended for traders wanting great research tools and preferring the us markets

Pros
  • Great mobile trading platform
  • Wide range of reserach tools
  • High-quality educational tools
Cons
  • Not user-friendly deposit and withdrawal
  • No forex
  • Bad customer service

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#4 Tradestation
Fees 4 stars

TradeStation has low trading fees and there are multiple fee structures to choose from. Non-trading fees, like inactivity fees are high.
Pros
  • Low trading fees
  • More fee structures you can choose from
Cons
  • High non-trading fees
Tradestation fees
Interactive Brokers XTB IG Tradestation Pepperstone
Apple benchmark fee $2.2 $18.1 $32.1 $2.2 -
Vodafone benchmark fee $17.9 $24.4 $30.5 - -
EURUSD benchmark fee $23.0 $17.1 $12.3 - $19.3

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#4 Tradestation
Account opening 4 stars

TradeStation account opening is fully digital and user-friendly. On the other hand, it takes more days until your account is approved.
Pros
  • Fully digital account opening
  • User-friendly
Cons
  • Slow account opening
Tradestation minimum deposit and time to open an account
Interactive Brokers XTB IG Tradestation Pepperstone
Minimum deposit $0 $250 $0 $500 $0
Time to open account 1-3 days 1 day 1-3 days 1-3 days 1-3 days

More Visit broker

#4 Tradestation
Deposit and withdrawal 2 stars

TradeStation deposit and withdrawal can be improved. As a plus, the deposit is free. However, you can use only bank transfer and there is a high, $35 withdrawal fee.
Pros
  • No deposit fee
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Not user-friendly
  • High withdrawal fee (for non-US clients $35 /tansaction)
Tradestation withdrawal fee and options
Interactive Brokers XTB IG Tradestation Pepperstone
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $0 $0 $35 $20

More Visit broker

#4 Tradestation
Markets and products 2 stars

TradeStation gives you access to a wide variety of US products. However, its non-US offer is not competitive. The forex, CFDs and cryptos are missing.
Tradestation markets and products
Interactive Brokers XTB IG Tradestation Pepperstone
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes Yes No Yes
Fund Yes No No Yes No
Bond Yes No No No No
Options Yes No Yes Yes No
Futures Yes No No Yes No
CFD Yes Yes Yes No Yes
Crypto Yes Yes Yes No Yes

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#4 Tradestation
Web trading platform 4 stars

TradeStation has a good web trading platform. It is user-friendly with and looks nice. It also offers a great order management. On the flip side, it lacks the alerts and the clear fee reports.
Pros
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
Cons
  • No clear fee report available
  • No price alerts
Best international online brokers for citizens in Papua New Guinea - Tradestation trading platform
Tradestation trading platforms
Interactive Brokers XTB IG Tradestation Pepperstone
Web platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Mobile platform score 4 stars 4 stars 5 stars 5 stars 4 stars
Desktop platform score 3 stars 4 stars - 3 stars 4 stars

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#4 Tradestation
Verdict

TradeStation is a great US broker.

The mobile platform is very user-friendly with many functions. It also offers great research tools, including a wide range of analytical tools. 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. It lacks many asset classes, e.g. forex or CFDs. The customer service can be improved as the response time at email and chat support are very slow.

Feel free to try TradeStation if you prefer Recommended for buy and hold investors with any experience level.

Tradestation
Summary TradeStation is a US stockbroker regulated by FINRA, the top-tier US regulator.
Fees score 4 stars
Recommended for Traders wanting great research tools and preferring the US markets

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#5 Best international online brokers for citizens in Papua New Guinea
Pepperstone

4.4 4 stars

Best customer support

Pepperstone logo

Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to better serve European clients.

Pepperstone is considered safe, as it is regulated by top-tier financial authorities, like the UK FCA and the Australian ASIC.

Pepperstone is a forex and CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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 aiming for a good customer service

Pros
  • Great customer service
  • User-friendly and fast account opening
  • Easy-to-use and good-looking platforms
Cons
  • Limited product portfolio
  • Limited research
  • Limited education

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74.6% of retail CFD accounts lose money

#5 Pepperstone
Fees 4 stars

Pepperstone has low trading fees and average non-trading fees. It has no inactivity fee. On the negative side, the withdrawal fee is high.
Pros
  • Low trading fees
  • No inactivity fee
  • Transparent fee structure
Cons
  • Withdrawal fee
Pepperstone fees
Interactive Brokers XTB IG Tradestation Pepperstone
Apple benchmark fee $2.2 $18.1 $32.1 $2.2 -
Vodafone benchmark fee $17.9 $24.4 $30.5 - -
EURUSD benchmark fee $23.0 $17.1 $12.3 - $19.3

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker
74.6% of retail CFD accounts lose money

#5 Pepperstone
Account opening 4 stars

Pepperstone account opening is great. It is fully digital and user-friendly. On the negative side, it can take several days.
Pros
  • Fully digital account opening
  • User-friendly
  • Many account types
  • No minimum deposit for Standard Account
Cons
  • It can take 4-5 business days
Pepperstone minimum deposit and time to open an account
Interactive Brokers XTB IG Tradestation Pepperstone
Minimum deposit $0 $250 $0 $500 $0
Time to open account 1-3 days 1 day 1-3 days 1-3 days 1-3 days

More Visit broker
74.6% of retail CFD accounts lose money

#5 Pepperstone
Deposit and withdrawal 4 stars

Pepperstone offers a lot of deposit options, which are user-friendly. However, the withdrawal fees are high.
Pros
  • User-friendly
  • Free bank and electronic wallets deposit
  • Free credit and debit cards withdrawal
Cons
  • High withdrawal fee
Pepperstone withdrawal fee and options
Interactive Brokers XTB IG Tradestation Pepperstone
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $0 $0 $35 $20

More Visit broker
74.6% of retail CFD accounts lose money

#5 Pepperstone
Markets and products 1 stars

At Pepperstone you can only trade with forex, some CFDs, and cryptos.
Pepperstone markets and products
Interactive Brokers XTB IG Tradestation Pepperstone
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes Yes No Yes
Fund Yes No No Yes No
Bond Yes No No No No
Options Yes No Yes Yes No
Futures Yes No No Yes No
CFD Yes Yes Yes No Yes
Crypto Yes Yes Yes No Yes

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74.6% of retail CFD accounts lose money

#5 Pepperstone
Web trading platform 4 stars

Pepperstone offers only third-party trading platforms. We tested cTrader, which is a great platform: it is well-designed and user-friendly. On the negative side, it lacks the two-step login.
Pros
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
Cons
  • No two-step (safe) login
Best international online brokers for citizens in Papua New Guinea - Pepperstone trading platform
Pepperstone trading platforms
Interactive Brokers XTB IG Tradestation Pepperstone
Web platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Mobile platform score 4 stars 4 stars 5 stars 5 stars 4 stars
Desktop platform score 3 stars 4 stars - 3 stars 4 stars

More Visit broker
74.6% of retail CFD accounts lose money

#5 Pepperstone
Verdict

Pepperstone is a good FX and CFD broker. 

The customer service is great, you will get relevant answers within a short time. Account opening is a breeze, with no minimum deposits. The website is well-designed, clear and easy to navigate.

Pepperstone only offers FX and some CFDs. Its research and education tools could be improved, as there are not a lot of services and options.

Feel free to try Pepperstone. There is no inactivity fee or minimum deposit for standard accounts. 

Pepperstone
Summary Pepperstone is a forex and CFD broker regulated by both the FCA and the ASIC.
Fees score 4 stars
Recommended for Forex traders aiming for a good customer service

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74.6% of retail CFD accounts lose money

Best international online brokers for citizens in Papua New Guinea
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?

Yes, they are considered 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 Papua New Guinea?

At Brokerchooser we test online brokers along ~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 online brokers are:

5 important criteria for the best international online brokers
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-friendlyAand well-equipped trading platform can significantly increase your trading comfort.

Best international online brokers for citizens in Papua New Guinea
Bottom line

You saw the details, now let's zoom out. Here are the best international online brokers of 2019 for citizens in Papua New Guinea:

Best international online brokers for citizens in Papua New Guinea
Interactive Brokers XTB IG Tradestation Pepperstone
Overall score 4.8 4.5 4.5 4.4 4.4
Award Best online broker Best CFD broker Best FX broker Best customer support
Fees score 4 stars 4 stars 2 stars 4 stars 4 stars
Account opening score 3 stars 5 stars 4 stars 4 stars 4 stars
Deposit and withdrawal score 2 stars 5 stars 5 stars 2 stars 4 stars
Markets and products score 5 stars 2 stars 3 stars 2 stars 1 stars
Web platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Visit broker Visit broker
76% of retail CFD accounts lose money
Visit broker
74% of retail CFD accounts lose money
Visit broker Visit broker
74.6% of retail CFD accounts lose money

Interactive Brokers is our winner, the best in 2019. Broad product portfolio. Low fees. Great and diverse research tools.
All brokers are considered safe, and 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 broker for you.

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
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