Intro and winners
Find below the strengths of the best brokers available in for middle eastern citizens, updated for 2024:
- Interactive Brokers is the best international online brokers in the Middle East in 2024. - Extremely low fees. Wide range of products. Many great research tools.
- eToro - Low stock and ETF fees. Seamless account opening. Social trading.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
- Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
- Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
- Ally Invest - Low trading and non-trading fees. Easy and fully digital account opening. Great education.
- Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
- moomoo - Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services. Pays high interest on uninvested cash.
- J.P. Morgan Self-Directed Investing - Commission-free US stocks, ETFs, funds and bonds. Fast and fully digital account opening. Well-established parent company. Pays interest on uninvested cash.
- IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
International online brokers' key info overview
While many international online trading brokers offer an excellent service, the ones in our toplist go the extra mile. These international online trading platforms offer a broad range of markets and asset classes and are suitable for beginners and experienced traders alike.
| Broker | Minimum deposit | Time to open account |
|---|---|---|
| Interactive Brokers | $0 | 1-3 days |
| eToro | $10 | 1 day |
| Charles Schwab | $0 | 1 day |
| Merrill Edge | $0 | 1 day |
| Fidelity | $0 | 1-3 days |
| Ally Invest | $0 | 1-3 days |
| Oanda | $0 | 1-3 days |
| moomoo | $0 | 1-3 days |
| J.P. Morgan Self-Directed Investing | $0 | 1 day |
| IG | $0 | 1-3 days |
Popularity of the best online brokers in the Middle East
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
Trading fees
In most cases the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important fees for you in the table below.
| Broker | US stock | UK stock |
|---|---|---|
| Interactive Brokers | $1.0 | $3.8 |
| eToro | $0.0 | $0.0 |
| Charles Schwab | $0.0 | - |
| Merrill Edge | $0.0 | - |
| Fidelity | $0.0 | $11.3 |
| Ally Invest | $0.0 | - |
| Oanda | $0.0 | $0.0 |
| moomoo | $0.0 | - |
| J.P. Morgan Self-Directed Investing | $0.0 | - |
| IG | $10.0 | $10.1 |
Other fees at international online brokers
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Broker | Account fee | Inactivity fee |
|---|---|---|
| Interactive Brokers | ||
| eToro | ||
| Charles Schwab | ||
| Merrill Edge | ||
| Fidelity | ||
| Ally Invest | ||
| Oanda | ||
| moomoo | ||
| J.P. Morgan Self-Directed Investing | ||
| IG |
Can I trust these online brokers in the Middle East?
Yes, BrokerChooser exclusively recommends legit brokers, overseen by at least one globally acknowledged regulator. We track more than 30,000 brokers and trading platforms that we don't recommend. To make sure that a broker is reputable and reliable, use our Scam Broker Shield tool.
Key criteria determining a broker's trustworthiness are: regulation, availability of investor protection, as well as a long and spotless track record. Explore the interactive table below, encompassing this array of vital data.
| Broker | Top-tier regulators | Trusted broker |
|---|---|---|
| Interactive Brokers | FCA in the UK, SEC in the US, and ASIC in Australia | |
| eToro | FCA in the UK, SEC in the US, and ASIC in Australia | |
| Charles Schwab | SEC and FINRA in the US | |
| Merrill Edge | SEC and FINRA in the US | |
| Fidelity | SEC and FINRA in the US | |
| Ally Invest | SEC and FINRA in the US | |
| Oanda | FCA in the UK, CIRO in Canada, and ASIC in Australia | |
| moomoo | SEC and FINRA in the US, MAS in Singapore, ASIC in Australia, CIRO in Canada, SC in Malaysia, FSA in Japan | |
| J.P. Morgan Self-Directed Investing | SEC and FINRA in the US | |
| IG | FCA in the UK, BaFin in Germany, and ASIC in Australia |
Our assessment of best international online brokers for residents in the Middle East in 2024
At BrokerChooser we do our best to make it easier for you to compare and select the best broker for your needs. Here is a summary of our scores in the most important aspects of these trading platforms' services.
| Broker | Overall score | Fees score |
|---|---|---|
| Interactive Brokers | 4.9 /5 | 4.5 /5 |
| eToro | 4.7 /5 | 4.0 /5 |
| Charles Schwab | 4.6 /5 | 3.8 /5 |
| Merrill Edge | 4.5 /5 | 4.3 /5 |
| Fidelity | 4.5 /5 | 3.3 /5 |
| Ally Invest | 4.5 /5 | 4.2 /5 |
| Oanda | 4.5 /5 | 4.3 /5 |
| moomoo | 4.5 /5 | 4.7 /5 |
| J.P. Morgan Self-Directed Investing | 4.5 /5 | 4.4 /5 |
| IG | 4.5 /5 | 3.6 /5 |
If you are unsure how brokerage fees are charged, check out this article on the various fees, charges and costs.
And now, let's see the top international online brokers for 2024 for residents in the Middle East in detail one by one, starting with the winner, Interactive Brokers.
Recommended for traders looking for broad market access and a professional trading environment
| Interactive Brokers snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | No |
| Read review | For a detailed analysis of Interactive Brokers services, check out our review for 2024 |
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading
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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
| eToro snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $10 |
| Deposit method | Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay |
| Withdrawal method | Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay |
| Withdrawal fee | $5 |
| Time to open account | 1 day |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of eToro services, check out our review for 2024 |
Recommended for investors and traders looking for solid research, low fees and great customer service
| Charles Schwab snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of Charles Schwab services, check out our review for 2024 |
Recommended for investors and traders looking for low fees, quick account opening and simple platforms
| Merrill Edge snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of Merrill Edge services, check out our review for 2024 |
Recommended for investors and traders looking for solid research and great trading platforms
| Fidelity snapshot | |
|---|---|
| Fees class | Average |
| Minimum deposit | $0 |
| Deposit method | Bank transfer, PayPal, Venmo, Apple Pay |
| Withdrawal method | Bank transfer, PayPal, Venmo, Apple Pay |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | No |
| Read review | For a detailed analysis of Fidelity services, check out our review for 2024 |
Recommended for investors and traders looking for low fees and focusing on the US market
| Ally Invest snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | No |
| Read review | For a detailed analysis of Ally Invest services, check out our review for 2024 |
Recommended for forex traders who value a user-friendly platform and great research tools
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75% of retail CFD accounts lose money
| Oanda snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Withdrawal method | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Oanda services, check out our review for 2024 |
Recommended for investors and traders looking for zero-commission trading and focusing on US markets
| moomoo snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | No |
| Read review | For a detailed analysis of moomoo services, check out our review for 2024 |
Recommended for beginners and buy-and-hold investors focusing on the US stock market
| J.P. Morgan Self-Directed Investing snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of J.P. Morgan Self-Directed Investing services, check out our review for 2024 |
Recommended for traders of any experience level looking for an easy-to-use trading platform
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75% of retail CFD accounts lose money
| IG snapshot | |
|---|---|
| Fees class | Low |
| Minimum deposit | $0 |
| Deposit method | Bank transfer, Credit/debit cards, PayPal |
| Withdrawal method | Bank transfer, Credit/debit cards |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | No |
| Read review | For a detailed analysis of IG services, check out our review for 2024 |
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How did we select the best international online brokers in the Middle East in 2024?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fees, commissions),
- We checked and compared every aspect of their services,
- Opened an account and tested the platform (charting, features, usability) with real money.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
