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Best international online brokers for citizens in Turkmenistan

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 Turkmenistan

To find the best international online brokers in Turkmenistan, 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 Turkmenistan:

  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. Plus500. Easy to use platform. Low spreads. Listed on AIM section of the London Stock Exchange. Third place.
  4. Pepperstone, numero quatro. Great customer service. User-friendly and fast account opening. Easy-to-use and good-looking platforms.
  5. Markets.com. Low trading fees. Account open is seamless and fast. Innovative research tools. Just made it to the list with being number five.
Best international online brokers of 2019 for citizens in Turkmenistan
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 Plus500 Global CFD and FX broker 4.4
#4 Pepperstone Australian forex broker 4.4 Best customer support
#5 Markets.com Global CFD and FX broker 4.2

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

#1 Best international online brokers for citizens in Turkmenistan
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 Plus500 Pepperstone Markets.com
Apple benchmark fee $2.2 $18.1 $8.9 - $5.6
Vodafone benchmark fee $17.9 $24.4 $7.6 - $6.8
EURUSD benchmark fee $23.0 $17.1 $17.6 $19.3 $28.6

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

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#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 Plus500 Pepperstone Markets.com
Minimum deposit $0 $250 $100 $0 $100
Time to open account 1-3 days 1 day 1 day 1-3 days 1 day

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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 Plus500 Pepperstone Markets.com
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $0 $20 $0

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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 Plus500 Pepperstone Markets.com
Stock Yes Yes No No No
ETF Yes Yes No No No
Forex Yes Yes Yes Yes Yes
Fund Yes No No No No
Bond Yes No No No No
Options Yes No No No No
Futures Yes No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes 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 Turkmenistan - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Web platform score 4 stars 4 stars 4 stars 4 stars 3 stars
Mobile platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Desktop platform score 3 stars 4 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 Turkmenistan
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 Plus500 Pepperstone Markets.com
Apple benchmark fee $2.2 $18.1 $8.9 - $5.6
Vodafone benchmark fee $17.9 $24.4 $7.6 - $6.8
EURUSD benchmark fee $23.0 $17.1 $17.6 $19.3 $28.6

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

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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 Plus500 Pepperstone Markets.com
Minimum deposit $0 $250 $100 $0 $100
Time to open account 1-3 days 1 day 1 day 1-3 days 1 day

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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 Plus500 Pepperstone Markets.com
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $0 $20 $0

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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 Plus500 Pepperstone Markets.com
Stock Yes Yes No No No
ETF Yes Yes No No No
Forex Yes Yes Yes Yes Yes
Fund Yes No No No No
Bond Yes No No No No
Options Yes No No No No
Futures Yes No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes 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 Turkmenistan - XTB trading platform
XTB trading platforms
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Web platform score 4 stars 4 stars 4 stars 4 stars 3 stars
Mobile platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Desktop platform score 3 stars 4 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 Turkmenistan
Plus500

4.4 4 stars

Plus500 logo

Plus500 is a CFD broker, established in Israel. It is listed on the Main Market of the London Stock Exchange. Plus500 subsidiaries are authorized and regulated by different regulators, including top-tier regulators like the FCA from the UK.

Plus500 is considered safe because it is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% 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.

Daytraders!: At Plus500 scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker

 

Recommended for experienced traders looking for an easy-to-use platform, with great user experience.

Pros
  • Easy to use platform
  • Low spreads
  • Listed on AIM section of the London Stock Exchange
Cons
  • Limited product portfolio, only CFDs
  • High financing rates
  • Minimal research tools

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76.4% of retail CFD accounts lose money

#3 Plus500
Fees 4 stars

Plus500 has low trading fees and average non-trading fees. Financing rates are very high.
Pros
  • Low trading fees
  • No withdrawal fee
Cons
  • Inactivity fee
  • High financing rate
  • Financing rate calculation is non-transparent
Plus500 fees
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Apple benchmark fee $2.2 $18.1 $8.9 - $5.6
Vodafone benchmark fee $17.9 $24.4 $7.6 - $6.8
EURUSD benchmark fee $23.0 $17.1 $17.6 $19.3 $28.6

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
76.4% of retail CFD accounts lose money

#3 Plus500
Account opening 5 stars

Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
Pros
  • Fast account opening
  • Fully digital account opening
  • User-friendly
Cons
None
Plus500 minimum deposit and time to open an account
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Minimum deposit $0 $250 $100 $0 $100
Time to open account 1-3 days 1 day 1 day 1-3 days 1 day

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76.4% of retail CFD accounts lose money

#3 Plus500
Deposit and withdrawal 5 stars

Plus500's deposit and withdrawal are both great. You have many options, the process is easy-to-do and usually free of charge.
Pros
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • User-friendly
  • Five withdrawal per month is free
Cons
None
Plus500 withdrawal fee and options
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $0 $20 $0

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76.4% of retail CFD accounts lose money

#3 Plus500
Markets and products 2 stars

At Plus500 you can trade only with CFDs and forex. There are a lot CFDs, you can choose from almost 2,000.
Plus500 markets and products
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Stock Yes Yes No No No
ETF Yes Yes No No No
Forex Yes Yes Yes Yes Yes
Fund Yes No No No No
Bond Yes No No No No
Options Yes No No No No
Futures Yes No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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76.4% of retail CFD accounts lose money

#3 Plus500
Web trading platform 4 stars

Plus500 trading platform is very easy-to-use and also looks great. On the flip side, it cannot be customized. 
Pros
  • User-friendly
  • Two-step (safe) login
  • Good search function
  • Available in several languages
Cons
  • Limited customizability (for charts, workspace)
Best international online brokers for citizens in Turkmenistan - Plus500 trading platform
Plus500 trading platforms
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Web platform score 4 stars 4 stars 4 stars 4 stars 3 stars
Mobile platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Desktop platform score 3 stars 4 stars - 4 stars -

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76.4% of retail CFD accounts lose money

#3 Plus500
Verdict

Plus500 is a good broker. It is for traders aware of the risks of CFD trading.

Is plus 500 safe? It is considered safe because it is listed on the London Stock Exchange and regulated by the FCA. If you are not from the UK, you will be most likely served by Plus500 Cyprus, and hence the Cypriot investor protection will apply.

Daytraders! At Plus500 scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. So if you plan to execute trades within 2 minutes, Plus500 is not your broker.

On the bright side, Plus500 platform is easy-to-use with a great user experience. Even the first time user can navigate the app with ease. Spreads are competitive, but there are really high financing rates. Therefore, fees can be really high. For this fee level, some research tools would have been nice. 

As there is no minimum balance, no withdrawal fee above $100, withdrawal and inactivity fee only kicks in after three months, feel free to try it out.

Plus500
Summary Plus500 is a global CFD broker, listed on the London Stock Exchange, regulated by many regulators, including the FCA and Cysec.
Fees score 4 stars
Recommended for Experienced traders looking for an easy-to-use platform, with great user experience.

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76.4% of retail CFD accounts lose money

#4 Best international online brokers for citizens in Turkmenistan
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

#4 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 Plus500 Pepperstone Markets.com
Apple benchmark fee $2.2 $18.1 $8.9 - $5.6
Vodafone benchmark fee $17.9 $24.4 $7.6 - $6.8
EURUSD benchmark fee $23.0 $17.1 $17.6 $19.3 $28.6

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

#4 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 Plus500 Pepperstone Markets.com
Minimum deposit $0 $250 $100 $0 $100
Time to open account 1-3 days 1 day 1 day 1-3 days 1 day

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74.6% of retail CFD accounts lose money

#4 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 Plus500 Pepperstone Markets.com
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $0 $20 $0

More Visit broker
74.6% of retail CFD accounts lose money

#4 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 Plus500 Pepperstone Markets.com
Stock Yes Yes No No No
ETF Yes Yes No No No
Forex Yes Yes Yes Yes Yes
Fund Yes No No No No
Bond Yes No No No No
Options Yes No No No No
Futures Yes No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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74.6% of retail CFD accounts lose money

#4 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 Turkmenistan - Pepperstone trading platform
Pepperstone trading platforms
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Web platform score 4 stars 4 stars 4 stars 4 stars 3 stars
Mobile platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Desktop platform score 3 stars 4 stars - 4 stars -

More Visit broker
74.6% of retail CFD accounts lose money

#4 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

#5 Best international online brokers for citizens in Turkmenistan
Markets.com

4.2 4 stars

Markets.com logo

Markets.com is a global CFD and FX broker established in 2010. Markets.com is operated by Safecap Investment Limited, which is regulated by two regulators, the Cypriot Cysec and the South African FSCA. It is not regulated by FCA, the top-tier, UK regulator. Safecap is owned by Playtech, a gambling software development company.

Markets.com is considered safe, because its parent company, Playtech is listed on a stock exchange.

Markets.com is a CFD and forex broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 traders wanting to venture in cfd trading

Pros
  • Low trading fees
  • Account open is seamless and fast
  • Innovative research tools
Cons
  • Limited product portfolio, only CFDs
  • Not FCA regulated, Cysec and FSB only

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64% of retail CFD accounts lose money

#5 Markets.com
Fees 3 stars

Markets.com has low trading fees and financing rates. On the negative side, there is a high inactivity fee and the fee structures are not transparent.
Pros
  • Low trading fees
  • No withdrawal fee
  • Low financing rate
Cons
  • Inactivity fee
  • Not transparent fee structure
  • Financing rate calculation is non-transparent
Markets.com fees
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Apple benchmark fee $2.2 $18.1 $8.9 - $5.6
Vodafone benchmark fee $17.9 $24.4 $7.6 - $6.8
EURUSD benchmark fee $23.0 $17.1 $17.6 $19.3 $28.6

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
64% of retail CFD accounts lose money

#5 Markets.com
Account opening 5 stars

Markets.com account opening is seamless, fast and fully digital. You can open your trading account within a day.
Pros
  • Fast account opening
  • Fully digital account opening
  • User-friendly
Cons
  • $/€/£100 minimum funding
Markets.com minimum deposit and time to open an account
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Minimum deposit $0 $250 $100 $0 $100
Time to open account 1-3 days 1 day 1 day 1-3 days 1 day

More Visit broker
64% of retail CFD accounts lose money

#5 Markets.com
Deposit and withdrawal 5 stars

Markets.com deposit and withdrawal are free of charge, with many options and easy-to-do.
Pros
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • None
Markets.com withdrawal fee and options
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $0 $20 $0

More Visit broker
64% of retail CFD accounts lose money

#5 Markets.com
Markets and products 2 stars

At Markets.com you can trade only with CFDs, forex, and cryptos.
Markets.com markets and products
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Stock Yes Yes No No No
ETF Yes Yes No No No
Forex Yes Yes Yes Yes Yes
Fund Yes No No No No
Bond Yes No No No No
Options Yes No No No No
Futures Yes No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

More Visit broker
64% of retail CFD accounts lose money

#5 Markets.com
Web trading platform 3 stars

Markets.com's web trading platform looks nice, easy to use, and has a great search function. It has limited order types, and the two step login is missing.
Pros
  • User-friendly
  • Good search function
  • Available in several languages
Cons
  • No two-step (safe) login
  • Limited order types
  • No order confirmation
Best international online brokers for citizens in Turkmenistan - Markets.com trading platform
Markets.com trading platforms
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Web platform score 4 stars 4 stars 4 stars 4 stars 3 stars
Mobile platform score 4 stars 4 stars 5 stars 4 stars 4 stars
Desktop platform score 3 stars 4 stars - 4 stars -

More Visit broker
64% of retail CFD accounts lose money

#5 Markets.com
Verdict

In our Markets.com review, we tested Markets.com thoroughly and here is the verdict. It is an ok broker, especially if you want to concentrate on CFD trading. It has low trading fees, an easy-to-use platform, and great research tools.

It is not regulated by top-tier financial regulators, like the FCA or the SEC.

All in all, it is a good choice. The account opening is super easy and there is no inactivity fee, feel free to try it.

Markets.com
Summary Markets.com is a CFD broker regulated in Cyprus and South Africa. It has a UK parent, which is listed on the London Stock Exchange.
Fees score 3 stars
Recommended for Traders wanting to venture in CFD trading

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64% of retail CFD accounts lose money

Best international online brokers for citizens in Turkmenistan
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 Turkmenistan?

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 Turkmenistan
Bottom line

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

Best international online brokers for citizens in Turkmenistan
Interactive Brokers XTB Plus500 Pepperstone Markets.com
Overall score 4.8 4.5 4.4 4.4 4.2
Award Best online broker Best CFD broker Best customer support
Fees score 4 stars 4 stars 4 stars 4 stars 3 stars
Account opening score 3 stars 5 stars 5 stars 4 stars 5 stars
Deposit and withdrawal score 2 stars 5 stars 5 stars 4 stars 5 stars
Markets and products score 5 stars 2 stars 2 stars 1 stars 2 stars
Web platform score 4 stars 4 stars 4 stars 4 stars 3 stars
Visit broker Visit broker
76% of retail CFD accounts lose money
Visit broker
76.4% of retail CFD accounts lose money
Visit broker
74.6% of retail CFD accounts lose money
Visit broker
64% 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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