To find the best international online brokers in Vanuatu, we went ahead and did the research for you. After testing, analyzing and comparing 77 brokers, 5 made it to the top. We highly recommend all 5 to you. And now, without further ado...
The top 5 picks for the best international online brokers of 2020 for citizens in Vanuatu:
- Interactive Brokers is the number one international online broker in 2020. Low trading fees. Wide range of products. Many great research tools.
- Oanda is your runner-up. Low trading fees. Great trading platforms. Outstanding research tools.
- IG rounds out the top three. First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
- Trading 212, numero quatro. Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms.
- Zacks Trade. Low fees. Extensive stock and ETF selection. Great customer service.. Just made it to the list at number five.
| Broker | Info | Score | Best in | |
|---|---|---|---|---|
| #1 | Interactive Brokers | US discount broker | 4.9 | Best online broker |
| #2 | Oanda | US forex broker | 4.4 | Best mobile trading platform |
| #3 | IG | Global CFD and forex broker | 4.5 | |
| #4 | Trading 212 | Global CFD and forex broker | 4.6 | |
| #5 | Zacks Trade | US discount broker | 4.6 |
What makes a good online broker? First of all, they must offer fair fees and have a good safety score. It should also be easy to open an account and deposit money. They should give you access to many products, and they need to have a great trading platform.
Easy to list, but hard to figure out. That’s why we are testing brokers along more than 100 criteria, using real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.
Not sure which broker? For a tailored recommendation, check out our broker finder tool. You can enter your country, and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with this detailed comparison table.
And now, let's see the best international online brokers in 2020 for citizens in Vanuatu one by one, starting with the winner, Interactive Brokers.
#1 Best international online brokers for citizens in Vanuatu
Interactive Brokers
Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
Recommended for traders looking for low fees and a professional trading environment
| Pros | Cons |
|---|---|
| • Low trading fees | • Complicated account opening process |
| • Wide range of products | • Complex desktop trading platform |
| • Many great research tools | • High inactivity fee |
#1 Interactive Brokers
Fees
Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • Free stock and ETF trading for US clients | |
| • Low margin rates |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| US stock | $1.0 | - | $15.0 | $0.0 | $1.0 |
| UK stock | $7.8 | - | $10.4 | $0.0 | $15.6 |
| EURUSD benchmark fee | $11.2 | $14.6 | $17.3 | $20.2 | - |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#1 Interactive Brokers
Account opening
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.
| Pros | Cons |
|---|---|
| • Fully digital | • Not user-friendly |
| • No minimum deposit for most account types | • Confusing messages throughout the process |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $1 | $0 |
| Time to open account | 1-3 days | 1-3 days | 1-3 days | 1 day | >3 days |
#1 Interactive Brokers
Deposit and withdrawal
Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | |
| • First withdrawal each month free |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | No |
| Electronic wallets | No | Yes | Yes | Yes | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#1 Interactive Brokers
Markets and products
Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Stock | Yes | No | Yes | Yes | Yes |
| ETF | Yes | No | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes | No |
| Fund | Yes | No | No | No | Yes |
| Bond | Yes | No | No | No | Yes |
| Options | Yes | No | Yes | No | Yes |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | No |
| Crypto | Yes | No | Yes | Yes | No |
#1 Interactive Brokers
Web trading platform
Interactive Brokers's web platform is simple and easy to use, even for beginners. On the negative side, it is not customizable.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 4.5 stars | 5.0 stars | 4.9 stars | 4.5 stars |
| Mobile platform score | 3.5 stars | 5.0 stars | 5.0 stars | 4.9 stars | 3.5 stars |
| Desktop platform score | 3.0 stars | 4.5 stars | - | - | 3.0 stars |
#1 Interactive Brokers
Verdict
Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.
On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though: there is a high inactivity fee, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.
| Interactive Brokers | |
|---|---|
| Summary | Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. |
| Fees score | 4.0 stars |
| Recommended for | Traders looking for low fees and a professional trading environment |
#2 Best international online brokers for citizens in Vanuatu
Oanda
Oanda is an American forex broker founded in 1996. It is still a private company, thus not listed on any stock exchange.
Oanda is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) and the UK's Financial Conduct Authority (FCA).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The services offered by the broker's different entities differ slightly. In this review, we mainly focus on the UK one.
Recommended for forex traders who value a user-friendly platform and great research tools
| Pros | Cons |
|---|---|
| • Low trading fees | • Only FX and CFD available |
| • Great trading platforms | • No stock exchange listing and banking background |
| • Outstanding research tools | • Withdrawal fee can be high |
#2 Oanda
Fees
Oanda charges low forex fees. Non-trading fees, such as the inactivity fee and withdrawal fees, are average.
| Pros | Cons |
|---|---|
| • Low trading fees | • High withdrawal fee for bank transfers |
| • Low forex fees | |
| • First credit/debit card withdrawal per month is free |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| US stock | $1.0 | - | $15.0 | $0.0 | $1.0 |
| UK stock | $7.8 | - | $10.4 | $0.0 | $15.6 |
| EURUSD benchmark fee | $11.2 | $14.6 | $17.3 | $20.2 | - |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#2 Oanda
Account opening
Oanda's account opening is straightforward, with no required minimum balance.
| Pros | Cons |
|---|---|
| • Fully digital | None |
| • No minimum deposit |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $1 | $0 |
| Time to open account | 1-3 days | 1-3 days | 1-3 days | 1 day | >3 days |
#2 Oanda
Deposit and withdrawal
Oanda charges no deposit and account fees. The inactivity fee is also reasonable. You can also withdraw your money free of charge with a debit or credit card, but bank transfers and PayPal withdrawals are quite costly.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • High withdrawal fee for bank transfers and PayPal |
| • Free withdrawal | |
| • No deposit fee |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | No |
| Electronic wallets | No | Yes | Yes | Yes | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#2 Oanda
Markets and products
At Oanda you can trade only forex and CFDs. It offers fewer forex pairs but more CFDs than its closest competitors.
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Stock | Yes | No | Yes | Yes | Yes |
| ETF | Yes | No | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes | No |
| Fund | Yes | No | No | No | Yes |
| Bond | Yes | No | No | No | Yes |
| Options | Yes | No | Yes | No | Yes |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | No |
| Crypto | Yes | No | Yes | Yes | No |
#2 Oanda
Web trading platform
Oanda's web trading platform is user-friendly and safe with good customizability. On the downside, you can't set price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • No price alerts |
| • Clear fee report | |
| • Two-step (safer) login |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 4.5 stars | 5.0 stars | 4.9 stars | 4.5 stars |
| Mobile platform score | 3.5 stars | 5.0 stars | 5.0 stars | 4.9 stars | 3.5 stars |
| Desktop platform score | 3.0 stars | 4.5 stars | - | - | 3.0 stars |
#2 Oanda
Verdict
Oanda is a great forex broker: its trading fees are low and it has user-friendly trading platforms that you will quickly learn to use confidently. It also provides powerful research tools, especially trading APIs.
On the other hand, Oanda has a limited product portfolio, with only forex and CFD products available. It doesn't have a banking background and is not listed on any stock exchange, two typical factors that enhance transparancy and regulatory scrutiny. Withdrawal fees can also be high.
Feel free to try Oanda: it is regulated by top-tier regulators, there is no minimum deposit, and the inactivity fee only kicks in after one year.
| Oanda | |
|---|---|
| Summary | Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC. |
| Fees score | 2.9 stars |
| Recommended for | Forex traders who value a user-friendly platform and great research tools |
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#3 Best international online brokers for citizens in Vanuatu
IG
IG was established in the UK in 1974 and is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.
IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.
Recommended for traders of any experience level looking for an easy-to-use trading platform
| Pros | Cons |
|---|---|
| • First-class web trading platform | • High forex and stock CFD fees |
| • Superb educational tools | • Limited product portfolio |
| • Great deposit and withdrawal options | • Slow customer support |
#3 IG
Fees
IG has low non-trading fees. There is no fee for withdrawals and an inactivity fee is charged only after 2 years. On the negative side, the forex and stock CFD fees are high.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • High forex fees |
| • Inactivity fee charged only after 2 years | • High stock CFD trading fees |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| US stock | $1.0 | - | $15.0 | $0.0 | $1.0 |
| UK stock | $7.8 | - | $10.4 | $0.0 | $15.6 |
| EURUSD benchmark fee | $11.2 | $14.6 | $17.3 | $20.2 | - |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#3 IG
Account opening
IG's account opening is seamless and fully digital. There is no minimum deposit for bank transfers and a low, $/€300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
| Pros | Cons |
|---|---|
| • Fully digital | • Slower account opening |
| • Low minimum deposit | |
| • No minimum deposit for bank transfer |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $1 | $0 |
| Time to open account | 1-3 days | 1-3 days | 1-3 days | 1 day | >3 days |
#3 IG
Deposit and withdrawal
IG offers free and fast deposits and withdrawals. There are various options for funding your account, including traditional methods such as bank wire transfer and credit card funding, as well as PayPal.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | No |
| Electronic wallets | No | Yes | Yes | Yes | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#3 IG
Markets and products
At IG, most clients can only trade with CFDs, forex and options. There are literally thousands of CFDs available to trade. Residents in the UK and some other countries can also trade with real stocks. Other popular assets, however, like mutual funds and bonds, are not available.
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Stock | Yes | No | Yes | Yes | Yes |
| ETF | Yes | No | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes | No |
| Fund | Yes | No | No | No | Yes |
| Bond | Yes | No | No | No | Yes |
| Options | Yes | No | Yes | No | Yes |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | No |
| Crypto | Yes | No | Yes | Yes | No |
#3 IG
Web trading platform
IG's web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Clear fee report | |
| • Two-step (safer) login |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 4.5 stars | 5.0 stars | 4.9 stars | 4.5 stars |
| Mobile platform score | 3.5 stars | 5.0 stars | 5.0 stars | 4.9 stars | 3.5 stars |
| Desktop platform score | 3.0 stars | 4.5 stars | - | - | 3.0 stars |
#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 one of the best web trading platforms BrokerChooser has tested. The deposit and withdrawal conditions are great. You can also expand your knowledge with great educational materials.
On the other hand, there are some drawbacks. The forex and stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs and options. Customer support could be better.
Feel free to test IG's first-class trading platform, since there is no minimum funding amount for bank transfers and you can also easily open a demo account.
| IG | |
|---|---|
| Summary | IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA. |
| Fees score | 2.7 stars |
| Recommended for | Traders of any experience level looking for an easy-to-use trading platform |
#4 Best international online brokers for citizens in Vanuatu
Trading 212
Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC).
Trading 212 is considered safe as it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for active cfd and fx traders and investors looking for intuitive trading platforms
| Pros | Cons |
|---|---|
| • Real stocks and ETFs are commission-free | • Limited product portfolio |
| • Quick and easy account opening | • Basic tools for fundamental analysis |
| • Great trading platforms | • High forex fee |
#4 Trading 212
Fees
Trading 212 has commission-free stocks and ETFs, and there are also no fees for deposit, withdrawal or inactivity. However, fees for forex trading are high.
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High forex fees |
| • Low CFD fees | • High financing rate |
| • No withdrawal and inactivity fee |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| US stock | $1.0 | - | $15.0 | $0.0 | $1.0 |
| UK stock | $7.8 | - | $10.4 | $0.0 | $15.6 |
| EURUSD benchmark fee | $11.2 | $14.6 | $17.3 | $20.2 | - |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#4 Trading 212
Account opening
The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.
| Pros | Cons |
|---|---|
| • Fast | • Problems with verification |
| • Fully digital | |
| • No minimum deposit |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $1 | $0 |
| Time to open account | 1-3 days | 1-3 days | 1-3 days | 1 day | >3 days |
#4 Trading 212
Deposit and withdrawal
Trading 212 deposits and withdrawals are free, fast, and can be done in several way. On the negative side, there are only a few account base currencies available in each country.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Few base currencies available in each country |
| • Free withdrawal | |
| • No deposit fee |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | No |
| Electronic wallets | No | Yes | Yes | Yes | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#4 Trading 212
Markets and products
Trading 212 focuses mainly on CFDs, forex and cryptos. You can also trade real stocks and ETFs, but popular asset classes like bonds, mutual funds, options and futures are missing.
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Stock | Yes | No | Yes | Yes | Yes |
| ETF | Yes | No | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes | No |
| Fund | Yes | No | No | No | Yes |
| Bond | Yes | No | No | No | Yes |
| Options | Yes | No | Yes | No | Yes |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | No |
| Crypto | Yes | No | Yes | Yes | No |
#4 Trading 212
Web trading platform
Trading 212 has a user-friendly and customizable web trading platform. It also provides a two-step login.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Two-step (safer) login | |
| • Good search function |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 4.5 stars | 5.0 stars | 4.9 stars | 4.5 stars |
| Mobile platform score | 3.5 stars | 5.0 stars | 5.0 stars | 4.9 stars | 3.5 stars |
| Desktop platform score | 3.0 stars | 4.5 stars | - | - | 3.0 stars |
#4 Trading 212
Verdict
Trading 212 is a CFD and forex broker regulated by multiple financial supervisory authorities.
On the plus side, Trading 212 offers commission-free stocks and ETFs, while CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.
However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We missed research tools for fundamental analysis and found forex fees relatively high.
Trading 212 is a good choice for those interested in investing in equities or trading leveraged forex and CFD products, with the use of a great trading platform. As it offers a demo account, don't hesitate to give it a try.
| Trading 212 | |
|---|---|
| Summary | Trading 212 is a CFD and forex broker regulated by the UK FCA and Bulgarian FSC. In the UK and Germany, Trading212 offers commission-free stock and ETF trading as well. |
| Fees score | 3.8 stars |
| Recommended for | Active CFD and FX traders and investors looking for intuitive trading platforms |
#5 Best international online brokers for citizens in Vanuatu
Zacks Trade
Zacks Trade is a US-based discount broker and division of LMBZ Securities. LMBZ Securities was founded in 1978 and regulated by the top-tier SEC and FINRA.
LMBZ Securities' clearing and execution services are provided through Interactive Brokers, a global stockbroker regulated by many top-tier financial authorities globally.
If you've used Interactive Brokers' service, you might notice that many of Zacks Trade's services are the same. To summarize it:
- Zacks Trade has a different fee structure, product selection, educational tools, and customer support.
- The account opening, deposit/withdrawal, trading platforms, and research tools are the same as at Interactive Brokers.
Zacks Trade is considered safe because it has a long track record, discloses its financial statements annually (as a part of LBMZ Securities), and is regulated by top-tier regulators.
Recommended for traders and investors looking for comprehensive research tools, wide product selection, and low fees
| Pros | Cons |
|---|---|
| • Low fees | • Complex desktop platform and research tools |
| • Extensive stock and ETF selection | • Slow and complicated account opening |
| • Great customer service. | • Limited educational tools |
#5 Zacks Trade
Fees
Zacks Trade has both low trading fees and low non-trading fees. The stock, ETF, and bond fees are especially low and the stock margin rates are spectacular. However, mutual fund fees are quite high.
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • High fund fees |
| • No inactivity fee | |
| • Low margin rates |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| US stock | $1.0 | - | $15.0 | $0.0 | $1.0 |
| UK stock | $7.8 | - | $10.4 | $0.0 | $15.6 |
| EURUSD benchmark fee | $11.2 | $14.6 | $17.3 | $20.2 | - |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#5 Zacks Trade
Account opening
Zacks Trade has a fully digital account opening and accepts clients from all over the world. You can start using your account by depositing less than $2,500, however, Zacks Trade recommends to deposit this amount. On the negative side, we found the process slow and hard to navigate.
| Pros | Cons |
|---|---|
| • Fully digital | • Slow |
| • No minimum deposit | • Not user-friendly |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $1 | $0 |
| Time to open account | 1-3 days | 1-3 days | 1-3 days | 1 day | >3 days |
#5 Zacks Trade
Deposit and withdrawal
Zacks Trade has one free withdrawal per month for nearly all currencies offered. However, credit/debit cards and electronic wallets are not authorized to deposit or withdraw funds.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | |
| • Several account base currencies |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | No |
| Electronic wallets | No | Yes | Yes | Yes | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#5 Zacks Trade
Markets and products
Zacks Trade offers stocks, ETFs, and bonds from international markets, which is fairly unique for a US-based broker. There are also US mutual funds and options provided. On the other hand, futures or forex asset classes are missing.
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Stock | Yes | No | Yes | Yes | Yes |
| ETF | Yes | No | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes | No |
| Fund | Yes | No | No | No | Yes |
| Bond | Yes | No | No | No | Yes |
| Options | Yes | No | Yes | No | Yes |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | No |
| Crypto | Yes | No | Yes | Yes | No |
#5 Zacks Trade
Web trading platform
Zacks Trade web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 4.5 stars | 5.0 stars | 4.9 stars | 4.5 stars |
| Mobile platform score | 3.5 stars | 5.0 stars | 5.0 stars | 4.9 stars | 3.5 stars |
| Desktop platform score | 3.0 stars | 4.5 stars | - | - | 3.0 stars |
#5 Zacks Trade
Verdict
Zacks Trade is a great US discount broker. Zacks Trade is a division of LMBZ Securities, which is regulated by the SEC and FINRA.
On the plus side, Zacks Trade has low fees, outstanding stock and ETF selections, and great customer service.
There are some drawbacks though, the desktop trading platform and research tools are complex. The account opening is complicated and slow. Lastly, we missed some useful educational tools.
As Zacks Trade provides a demo account and doesn't require any minimum deposit, feel free to try it.
| Zacks Trade | |
|---|---|
| Summary | Zacks Trade is a US discount broker, which also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by SIPC scheme, up to $500,000 (including $250,000 limit for cash). |
| Fees score | 4.3 stars |
| Recommended for | Traders and investors looking for comprehensive research tools, wide product selection, and low fees |
Best international online brokers for citizens in Vanuatu
What makes a good online broker
Now you know the top 5. You are probably curious about how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?
What is an online broker?
Thirty years ago if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like in the Wolf of Wall Street movie. They were checking the stocks' prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make the order through the brokers' online platform. These brokers are the online brokers. Online brokers help you buying and selling securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.
Are these brokers safe?
You can be sure none of them is a scam. They are regulated by top-tier authorities. Some of them are also listed on an exchange, while some have a banking background.
However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.
If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.
How did BrokerChooser pick the best international online brokers for a citizen in Vanuatu?
At BrokerChooser, we test online brokers along more than 100 criteria, using real accounts and real money. We don’t want to overwhelm you, so for now we’ll just list the five most important criteria.
The five most important criteria for best international online brokers are:
| 1. Fees | The trading fee of a typical US equity trade can be 50 times higher at one online broker compared to another. Worth to check the fees. |
| 2. Account opening | Some online brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best online brokers require. |
| 3. Deposit and withdrawal | Transferring money to your account can be 5 times longer and more expensive at one online broker compared to another. |
| 4. Products and markets | You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account. |
| 5. Trading platform | A user-friendly and well-equipped trading platform can significantly increase your trading comfort. |
Best international online brokers for citizens in Vanuatu
Bottom line
You saw the details, now let's zoom out. Here are the best international online brokers of 2020 for citizens in Vanuatu:
| Interactive Brokers | Oanda | IG | Trading 212 | Zacks Trade | |
|---|---|---|---|---|---|
| Overall score | 4.9 | 4.4 | 4.5 | 4.6 | 4.6 |
| Best in | Best online broker | Best mobile trading platform | |||
| Fees score | 4.0 stars | 2.9 stars | 2.7 stars | 3.8 stars | 4.3 stars |
| Account opening score | 3.4 stars | 4.4 stars | 4.4 stars | 4.5 stars | 2.8 stars |
| Deposit and withdrawal score | 3.5 stars | 4.2 stars | 4.5 stars | 4.5 stars | 3.5 stars |
| Markets and products score | 5.0 stars | 1.6 stars | 4.0 stars | 3.7 stars | 3.8 stars |
| Web platform score | 4.3 stars | 4.5 stars | 5.0 stars | 4.9 stars | 4.5 stars |
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Interactive Brokers is our winner, the best international online broker in Vanuatu of 2020. Low trading fees. Wide range of products. Many great research tools.
All of these brokers are considered a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey. Let us know what you think in the comment section.
Still unsure? Use the broker finder and find the best international broker for you, or learn more about investing your money.
