TOP
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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
Intro and winners
- Interactive Brokers is the best international online brokers in the Middle East in 2023. - Low trading fees and high interest (up to 4.58% for USD) on cash balances. Wide range of products. Many great research tools.
- TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
- eToro - Free stock and ETF trading. Seamless account opening. Social trading.
- Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
- Webull - Free stock, ETF and options trading. Fast and easy account opening. Great trading platforms.
- Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
- J.P. Morgan Self-Directed Investing - Commission-free US stocks, ETFs, funds and bonds. Fast and fully digital account opening. Well-established parent company.
- E*TRADE - Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools.
- Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
Table of contents
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1. Intro and winners
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2. International online brokers' key info overview
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3. Trading fees
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4. Other fees at international online brokers
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5. Our assessment of best international online brokers for residents in the Middle East in 2023
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6. Interactive Brokers
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7. TD Ameritrade
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8. eToro
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9. Merrill Edge
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10. Charles Schwab
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11. Webull
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12. Fidelity
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13. J.P. Morgan Self-Directed Investing
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14. E*TRADE
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15. Alpaca Trading
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16. Didn't find the best broker for you?
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17. How did we select the best international online brokers in the Middle East in 2023?
Top 10 brokers
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Best international online brokers in the Middle East in 2023
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 $0 for non-margin client accounts, $2,000 for margin accounts. (A margin account is where you trade with borrowed money, also known as leverage.) | 1-3 days |
| TD Ameritrade | $0 $0 for US non-margin accounts, $2,000 for US margin accounts, and clients in Malaysia and Singapore are recommended to start with $3,500. | 1-3 days |
| eToro | $10 For Israeli clients, the minimum first-time deposit is $10,000. For residents of Australia and the US, it is $50, while for residents of Russia, China, Hong Kong, Taiwan and Macau, it is $500. | 1 day |
| Merrill Edge | $0 No minimum deposit | 1 day |
| Charles Schwab | $0 $0 for US clients and $25,000 for non-US clients | 1 day |
| Webull | $0 No minimum deposit for cash accounts, but there is a $2,000 minimum for margin accounts | 1 day |
| Fidelity | $0 No minimum account balance | 1-3 days |
| J.P. Morgan Self-Directed Investing | $0 No minimum account balance | 1 day |
| E*TRADE | $0 No minimum deposit for non-margin brokerage account, while $2,000 for margin accounts and $500 for Core Portfolios | 1-3 days |
| Alpaca Trading | $0 $0 for retail account, $30,000 for business accounts | 1 day |
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.
Popularity
168,886
20,775
50,871
10,804
11,736
9,499
16,823
7,414
29,295
Best international online brokers in the Middle East in 2023
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 Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. | $3.7 Fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000 |
| TD Ameritrade | $0.0 Free stock and ETF trading | - Not available |
| eToro | $0.0 Free stock and ETF trading | $0.0 Free stock and ETF trading, except for clients from Australia, where a 0.09% spread cost per transaction applies |
| Merrill Edge | $0.0 Commission-free stock and ETF trading | - Not available |
| Charles Schwab | $0.0 Free stock and ETF trading | - Not available |
| Webull | $0.0 $0 per trade plus regulatory and exchange fees | - Not available |
| Fidelity | $0.0 Free stock and ETF trading | $11.2 £9 per trade |
| J.P. Morgan Self-Directed Investing | $0.0 $0 per trade for US listed stocks. Foreign equity has a 0.20% commission. | - Not available |
| E*TRADE | $0.0 Free stock and ETF trading | - Not available |
| Alpaca Trading | $0.0 Commission-free stock trading | - Not available |
Best international online brokers in the Middle East in 2023
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 | No account fee | No inactivity fee |
| TD Ameritrade | No account fee | No inactivity fee |
| eToro | No account fee | $10 per month after one year inactivity. Inactivity means that you don't log in to your account |
| Merrill Edge | No account fee | No inactivity fee |
| Charles Schwab | No account fee | No inactivity fee |
| Webull | No account fee | No inactivity fee |
| Fidelity | No account fee | No inactivity fee |
| J.P. Morgan Self-Directed Investing | No account fee | No inactivity fee |
| E*TRADE | No account fee | No inactivity fee |
| Alpaca Trading | No account fee | No inactivity fee |
Best international online brokers in the Middle East in 2023
Our assessment of best international online brokers for residents in the Middle East in 2023
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 | 4.4 |
| TD Ameritrade | 4.9 | 4.1 |
| eToro | 4.9 | 4.4 |
| Merrill Edge | 4.8 | 4.4 |
| Charles Schwab | 4.8 | 4.2 |
| Webull | 4.8 | 4.8 |
| Fidelity | 4.8 | 3.7 |
| J.P. Morgan Self-Directed Investing | 4.8 | 4.9 |
| E*TRADE | 4.7 | 4.1 |
| Alpaca Trading | 4.7 | 4.9 |
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 2023 for residents in the Middle East in detail one by one, starting with the winner, Interactive Brokers.
#1 Best international online broker in the Middle East in 2023
Interactive Brokers
Recommended for traders looking for broad market access and a professional trading environment
| Interactive Brokers snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| 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 2023 |
#2 Best international online broker in the Middle East in 2023
TD Ameritrade
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
| TD Ameritrade snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| 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 TD Ameritrade services, check out our review for 2023 |
#3 Best international online broker in the Middle East in 2023
eToro
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading
| eToro snapshot | |
|---|---|
| Minimum deposit | $10 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL |
| Withdrawal method | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL |
| 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 2023 |
#4 Best international online broker in the Middle East in 2023
Merrill Edge
Recommended for investors and traders looking for low fees, quick account opening and simple platforms
| Merrill Edge snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| 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 2023 |
#5 Best international online broker in the Middle East in 2023
Charles Schwab
Recommended for investors and traders looking for solid research, low fees and great customer service
| Charles Schwab snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| 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 2023 |
#6 Best international online broker in the Middle East in 2023
Webull
Recommended for investors and traders looking for zero-commission trading and easy platforms
| Webull snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| 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 Webull services, check out our review for 2023 |
#7 Best international online broker in the Middle East in 2023
Fidelity
Recommended for investors and traders looking for solid research and great trading platforms
| Fidelity snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| 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 2023 |
#8 Best international online broker in the Middle East in 2023
J.P. Morgan Self-Directed Investing
Recommended for beginners and buy-and-hold investors focusing on the us stock market
| J.P. Morgan Self-Directed Investing snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| 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 2023 |
#9 Best international online broker in the Middle East in 2023
E*TRADE
Recommended for investors and traders looking for solid research and a great mobile trading platform
| E*TRADE snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| 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 E*TRADE services, check out our review for 2023 |
#10 Best international online broker in the Middle East in 2023
Alpaca Trading
Recommended for traders interested in algorithmic stock trading
| Alpaca Trading snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| 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 Alpaca Trading services, check out our review for 2023 |
Best international online brokers in the Middle East in 2023
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Best international online brokers in the Middle East in 2023
How did we select the best international online brokers in the Middle East in 2023?
- 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.
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