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Best international online brokers for citizens in South Korea

Jan 2019
Our top 2 international broker picks
Interactive Brokers
Saxo Bank
Best international online brokers for citizens in South Korea

To find the best international online brokers in South Korea, 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 2019 for citizens in South Korea:

  1. Interactive Brokers is the number one international online broker in 2019. Broad product portfolio. Low fees. Great and diverse research tools.
  2. Saxo Bank, place two. Outstanding research. Great trading platform. Broad product portfolio.
  3. Swissquote. Extensive market and product access. High investor protection amount. Digital account opening. Third place.
  4. IG, numero quatro. Easy-to-use web trading platform. Helpful and reliable customer service. Great deposit and withdrawal tools.
  5. Tradestation. Great mobile trading platform. Wide range of reserach tools. High-quality educational tools. Just made it to the list with being number five.
Best international online brokers of 2019 for citizens in South Korea
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.8 Best online broker
#2 Saxo Bank Danish investment bank 4.7 Best trading platform
#3 Swissquote Swiss investment bank 4.5 Best for funds
#4 IG Global CFD and FX broker 4.5 Best FX broker
#5 Tradestation US stockbroker 4.4

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 South Korea in 2019 one by one. Starting with the winner, Interactive Brokers.

#1 Best international online brokers for citizens in South Korea
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 Saxo Bank Swissquote IG Tradestation
Apple benchmark fee $2.2 $20.0 $30.2 $32.1 $2.2
Vodafone benchmark fee $17.9 $15.0 $73.0 $30.5 -
EURUSD benchmark fee $23.0 $58.4 $18.9 $12.3 -

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
  • No minimum deposit for most accounts
Cons
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Minimum deposit $0 $725 $0 $0 $500
Time to open account 1-3 days 1-3 days 1 day 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 not available
  • Slow withdrawal - over 3 days
Interactive Brokers withdrawal fee and options
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No Yes No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $10 $0 $35

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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 Saxo Bank Swissquote IG Tradestation
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes No
Fund Yes No Yes No Yes
Bond Yes Yes Yes No No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes No Yes
CFD Yes Yes Yes Yes No
Crypto Yes Yes Yes Yes No

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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 (safer) login
Cons
  • Limited customizability (for charts, workspace)
Best international online brokers for citizens in South Korea - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Web platform score 4 stars 5 stars 3 stars 5 stars 4 stars
Mobile platform score 4 stars 5 stars 3 stars 5 stars 5 stars
Desktop platform score 3 stars 5 stars - - 3 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 South Korea
Saxo Bank

4.7 5 stars

Best trading platform

Saxo Bank logo

Saxo Bank is a Danish investment bank providing online trading and investments. It is a leading European retail brokerage innovator. Saxo is privately owned, established in 1992, and headquartered in Copenhagen.

Saxo is considered safe as it is regulated worldwide by more than 10 financial regulators, including top-tier regulators, like the UK FCA.

Recommended for investors and traders looking for a great trading platform and solid research

Pros
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
Cons
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat

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#2 Saxo Bank
Fees 3 stars

Saxo Bank has average trading and non-trading fees.
Pros
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
Cons
  • Inactivity fee
  • High financing rate
  • High forex, bond, options and futures fees
Saxo Bank fees
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Apple benchmark fee $2.2 $20.0 $30.2 $32.1 $2.2
Vodafone benchmark fee $17.9 $15.0 $73.0 $30.5 -
EURUSD benchmark fee $23.0 $58.4 $18.9 $12.3 -

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

#2 Saxo Bank
Account opening 3 stars

Account opening is available for residents of almost every country and is fully digital.
Pros
  • Fast
  • Fully digital
  • Available for residents of almost every country
Cons
  • Minimum deposit is higher than $500
  • Sales team pushy
  • Classic accounts available only in a single currency
Saxo Bank minimum deposit and time to open an account
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Minimum deposit $0 $725 $0 $0 $500
Time to open account 1-3 days 1-3 days 1 day 1-3 days 1-3 days

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#2 Saxo Bank
Deposit and withdrawal 5 stars

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card withdrawal not available
Saxo Bank withdrawal fee and options
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No Yes No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $10 $0 $35

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#2 Saxo Bank
Markets and products 4 stars

At Saxo Bank you can reach many markets and trade with a lot of different products, except for funds.
Saxo Bank markets and products
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes No
Fund Yes No Yes No Yes
Bond Yes Yes Yes No No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes No Yes
CFD Yes Yes Yes Yes No
Crypto Yes Yes Yes Yes No

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#2 Saxo Bank
Web trading platform 5 stars

Saxo Bank's web trading platform is easy-to-use and well-designed. However, it doesn't provide a two-step login and the customizability is limited.
Pros
  • User-friendly
  • Good search function
  • Modern design
Cons
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
Best international online brokers for citizens in South Korea - Saxo Bank trading platform
Saxo Bank trading platforms
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Web platform score 4 stars 5 stars 3 stars 5 stars 4 stars
Mobile platform score 4 stars 5 stars 3 stars 5 stars 5 stars
Desktop platform score 3 stars 5 stars - - 3 stars

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#2 Saxo Bank
Verdict

Saxo Bank is a great broker, providing a complex and good service.

It has the best trading platforms backed by great research. The product portfolio is covering all important international markets and asset classes.

It has some drawbacks though. The fees for forex, bond, options, and futures are high. The account opening can take long and the live chat is missing.

In general, Saxo Bank is one of the best online brokerage companies you can choose. By opening an account, you end up with a broad, well-developed service.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier FCA.
Fees score 3 stars
Recommended for Investors and traders looking for a great trading platform and solid research

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#3 Best international online brokers for citizens in South Korea
Swissquote

4.5 5 stars

Best for funds

Swissquote logo

Swissquote is a Swiss investment bank, established in 1996. It has two main arms: 

The Swiss arm for stocks, funds, options, and futures

The UK arm for CFDs, and FX

Formally, Swissquote Bank Ltd is based in Switzerland and regulated by FINMA, the Swiss financial regulator. This one offers stocks, funds, bonds, futures and options. The other, Swissquote Ltd is UK based, regulated by the FCA, the UK financial regulator, and offers CFDs and FX.

Swissquote is considered safe because Swissquote Bank Ltd has a banking license, it is listed on the Swiss stock exchange, and discloses detailed financials regularly.  

For clarity, we will call the Switzerland Swissquote for stocks "Swissquote (CH)", and the UK Swissquote for CFDs and FX "SwissquoteForex (UK)".

Recommended for affluent investors valuing safety and being ok with higher fees

Pros
  • Extensive market and product access
  • High investor protection amount
  • Digital account opening
Cons
  • High trading fees
  • Overcomplicated trading platform
  • Better part of the research not free

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#3 Swissquote
Fees 2 stars

Swissquote has high trading fees and average non-trading fees. As a plus, there is no inactivity fee.
Pros
  • No inactivity fee
Cons
  • High trading fees
  • Withdrawal fee
Swissquote fees
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Apple benchmark fee $2.2 $20.0 $30.2 $32.1 $2.2
Vodafone benchmark fee $17.9 $15.0 $73.0 $30.5 -
EURUSD benchmark fee $23.0 $58.4 $18.9 $12.3 -

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

#3 Swissquote
Account opening 5 stars

Swissquote offers a fast, easy, and fully digital account opening. Also, there is no minimum account balance requirement for Swissquote (CH).
Pros
  • Fast
  • Fully digital
  • No minimum deposit for Swissquote (CH)
Cons
  • Video identification of documents may not be available for some locations
  • High minimum deposit for SwissquoteForex (UK)
Swissquote minimum deposit and time to open an account
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Minimum deposit $0 $725 $0 $0 $500
Time to open account 1-3 days 1-3 days 1 day 1-3 days 1-3 days

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#3 Swissquote
Deposit and withdrawal 4 stars

The depsoit is fast and user-friendly. On the flip side, you can only withdraw by bank transfer.
Pros
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card deposit
Cons
  • Credit card withdrawal is not available
  • Withdrawal is not user-friendly
Swissquote withdrawal fee and options
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No Yes No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $10 $0 $35

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#3 Swissquote
Markets and products 5 stars

At Swissquote(CH) you can reach many markets and trade with a lot of different product types. At SwissquoteForex (UK) you can trade only Forex and some CFDs.
Swissquote markets and products
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes No
Fund Yes No Yes No Yes
Bond Yes Yes Yes No No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes No Yes
CFD Yes Yes Yes Yes No
Crypto Yes Yes Yes Yes No

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#3 Swissquote
Web trading platform 3 stars

The Swissquote (CH) platform has a lot of functions, even too many. It can get complicated. SwissquoteForex (UK)' MetaTrader 4 is a well thought out platform.
Pros
  • Two-step (safer) login
  • Price alerts
  • Available in several languages
Cons
  • Poor search function
  • Limited order types
Best international online brokers for citizens in South Korea - Swissquote trading platform
Swissquote trading platforms
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Web platform score 4 stars 5 stars 3 stars 5 stars 4 stars
Mobile platform score 4 stars 5 stars 3 stars 5 stars 5 stars
Desktop platform score 3 stars 5 stars - - 3 stars

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#3 Swissquote
Verdict

Swissquote has a rock solid background. It is Swiss, it is listed, it is a bank. It has two entities, one in the UK and one in Switzerland. If you open an account at the London-based entity, you can trade with forex and CFDs, while the Swiss entity gives you access to a wide range of asset classes from stocks to options.

Swissquote has an easy and fast account opening. We really liked its market and product coverage. There are lot of stocks, mutual funds, and a lot of different type of products from bonds to cryptos.

However, nothing comes for free. The trading fees are relatively high. 

All in all, Swissquote is a great provider. As there is no minimum deposit requirements and no inactivity fee, feel free to try it out.

Swissquote
Summary Swissquote is Swiss online broker with its own banking background. It is listed on the Swiss exchange and regulated several authorities globally, including the top-tier FCA.
Fees score 2 stars
Recommended for Affluent investors valuing safety and being ok with higher fees

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#4 Best international online brokers for citizens in South Korea
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. 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. 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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75% of retail CFD accounts lose money

#4 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
  • Transparent fee structure
  • Low financing rate
Cons
  • High trading fees
  • Inactivity fee
IG fees
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Apple benchmark fee $2.2 $20.0 $30.2 $32.1 $2.2
Vodafone benchmark fee $17.9 $15.0 $73.0 $30.5 -
EURUSD benchmark fee $23.0 $58.4 $18.9 $12.3 -

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
75% of retail CFD accounts lose money

#4 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
  • Fully digital
  • 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 Saxo Bank Swissquote IG Tradestation
Minimum deposit $0 $725 $0 $0 $500
Time to open account 1-3 days 1-3 days 1 day 1-3 days 1-3 days

More Visit broker
75% of retail CFD accounts lose money

#4 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 available
  • Several account base currencies
  • User-friendly
Cons
  • Not transparent on available base currencies
IG withdrawal fee and options
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No Yes No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $10 $0 $35

More Visit broker
75% of retail CFD accounts lose money

#4 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 Saxo Bank Swissquote IG Tradestation
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes No
Fund Yes No Yes No Yes
Bond Yes Yes Yes No No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes No Yes
CFD Yes Yes Yes Yes No
Crypto Yes Yes Yes Yes No

More Visit broker
75% of retail CFD accounts lose money

#4 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 (safer) login
  • Good search function
  • Good customizability (for charts, workspace)
Cons
None
Best international online brokers for citizens in South Korea - IG trading platform
IG trading platforms
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Web platform score 4 stars 5 stars 3 stars 5 stars 4 stars
Mobile platform score 4 stars 5 stars 3 stars 5 stars 5 stars
Desktop platform score 3 stars 5 stars - - 3 stars

More Visit broker
75% of retail CFD accounts lose money

#4 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
75% of retail CFD accounts lose money

#5 Best international online brokers for citizens in South Korea
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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#5 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 Saxo Bank Swissquote IG Tradestation
Apple benchmark fee $2.2 $20.0 $30.2 $32.1 $2.2
Vodafone benchmark fee $17.9 $15.0 $73.0 $30.5 -
EURUSD benchmark fee $23.0 $58.4 $18.9 $12.3 -

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

#5 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
  • User-friendly
Cons
  • Slow
Tradestation minimum deposit and time to open an account
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Minimum deposit $0 $725 $0 $0 $500
Time to open account 1-3 days 1-3 days 1 day 1-3 days 1-3 days

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#5 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 not available
  • Not user-friendly
  • High withdrawal fee (for non-US clients $35 /tansaction)
Tradestation withdrawal fee and options
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No Yes No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $10 $0 $35

More Visit broker

#5 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 Saxo Bank Swissquote IG Tradestation
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes No
Fund Yes No Yes No Yes
Bond Yes Yes Yes No No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes No Yes
CFD Yes Yes Yes Yes No
Crypto Yes Yes Yes Yes No

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#5 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 South Korea - Tradestation trading platform
Tradestation trading platforms
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Web platform score 4 stars 5 stars 3 stars 5 stars 4 stars
Mobile platform score 4 stars 5 stars 3 stars 5 stars 5 stars
Desktop platform score 3 stars 5 stars - - 3 stars

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#5 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

More Visit broker

Best international online brokers for citizens in South Korea
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 South Korea?

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 South Korea
Bottom line

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

Best international online brokers for citizens in South Korea
Interactive Brokers Saxo Bank Swissquote IG Tradestation
Overall score 4.8 4.7 4.5 4.5 4.4
Award Best online broker Best trading platform Best for funds Best FX broker
Fees score 4 stars 3 stars 2 stars 2 stars 4 stars
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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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