Trade on IBKR
To help you find the best stock trading apps for non-US, non-EU citizens, we went ahead and did the research for you. First, we selected 67 quality online brokers, then we checked their stock trading apps, stock trading fees, tradable markets and more. We went deep, so you won't have to.
4 stock trading apps made it to the top. We highly recommend all 4 to you. And now, without further ado...
Our top 4 picks for the best stock trading apps of 2020 for non-US, non-EU citizens:
- Tradestation is the winner. User-friendly. Two-step (safer) login. Good variety of order types.
- Saxo Bank in the second place. User-friendly. Two-step (safer) login. Good search function.
- Interactive Brokers. rounded out the top three. Two-step (safer) login. Good search function. Good variety of order types.
- TradeStation Global, numero quatro. Two-step (safer) login. Good search function. Good variety of order types.
| Name | Company info | Stock trading app score | |
|---|---|---|---|
| #1 | Tradestation | US stockbroker | 4.8 stars |
| #2 | Saxo Bank | Danish investment bank | 5.0 stars |
| #3 | Interactive Brokers | US discount broker | 3.5 stars |
| #4 | TradeStation Global | UK-based global broker | 3.5 stars |
The stock trading apps are always operated by a financial company, usually by a brokerage company.
What makes a good stock trading app? First, it has to be user-friendly and provide great functions. It also has to offer fair fees. Safe login, product search function, order types, price alert and order confirmation availability are also among the checked factors . Easy to list, but hard to figure it out. We are testing the stock trading apps with real accounts and real money. We know what's up.
Boring, but important stuff: On some of the trading apps you can trade with CFD products. They are complex and very risky, thus not suitable for everyone. You can easily lose all of your invested money. If you don't have a clue what a CFD is, start with these CFD trading tips
And now, let's see the best stock trading apps one by one. Starting with the winner, Tradestation.
#1 Best stock trading app 2019
Tradestation
Tradestation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 (cash up to $250,000) investor protection per account.
Tradestation is considered safe because it has a long track record, discloses its financials, and its parent company, the Monex Group is listed on the Tokyo stock exchange.
#1 Tradestation
App functionality and features
Tradestation's mobile platform is great. It is very user-friendly and well-designed. You will also find all important functions, like the price alert or order management features. On the other hand, the search functions could be better.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited search functions |
| • Two-step (safer) login | |
| • Good variety of order types |
Tradestation stock trading app is available on both iOS and Android.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Two-step authentication | Yes | Yes | Yes | Yes |
| # of order types | 5 | 5 | 5 | 5 |
| Search function | Mid-range | Great | Great | Great |
| Price alerts | Yes | Yes | Yes | Yes |
| Order confirmation | Yes | Yes | Yes | Yes |
| User-friendly | Great | Great | Mid-range | Mid-range |
#1 Tradestation
Stock trading fees
Tradestation stock trading fees are low.
It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.
A typical trade means that you buy and sell the shares for $2,000.
This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.
Here is the verdict:
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| US stock | $1.0 | $10.0 | $1.0 | $1.5 |
| UK stock | - | $9.6 | $7.2 | $2.4 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Want to check the pricing by yourself? Here you go:
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| US stock | $0.01 per share; min $1 | $0.02/share; min $10, but using VIP pricing the minimum can be as low as $3 | $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. | $0.007 per share, min $1.5 |
| UK stock | Not available | 0.1% of trade value with £8 min, but using VIP pricing the commission can be as low as 0.05% of trade value with £5 min | £6 + 0.05% of trade value for trade value more than £50,000; fixed £6 for trade value less than £50,000 | 0.12%, min £1.5 |
Non-trading fees
Tradestation has high non-trading fees.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Account fee | No | No | No | No |
| Inactivity fee | Yes | Yes | Yes | No |
| Withdrawal fee | $35 | $0 | $0 | $0 |
Feel free to check out more about brokerage fees if your want to learn more.
#1 Tradestation
Account opening
Tradestation account opening is fully digital, user-friendly, and fast. On the other hand, the minimum deposit is $500 and multiple base currencies are only available for futures accounts.
| Pros | Cons |
|---|---|
| • Fast | • $500 minimum deposit |
| • Fully digital | • Multiple base currencies only for futures accounts |
| • User-friendly |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Minimum deposit | $500 | $10,000 | $0 | $1,000 |
| Time to open account | 1 day | 1-3 days | 1-3 days | 1 day |
You can start the account opening via both the broker website or the app.
#1 Tradestation
Deposit and withdrawal
Tradestation's deposit and withdrawal could be better. For example, you can only use bank transfer and there is a high withdrawal fee. On the upside, the deposit is free and withdrawal through wire transfer is fast.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | • High withdrawal fee |
| • Quick deposit and withdrawal - within 3 days |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No |
| Electronic wallets | No | No | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 |
#1 Tradestation
Markets and products
Tradestation gives you access to a wide variety of US products, but its non-US market coverage is not competitive. Also, forex and CFDs are missing.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Stock markets (#) | 5 | 28 | 78 | 78 |
| ETFs (#) | 2,300 | 3,100 | 13,000 | 13,000 |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Forex | No | Yes | Yes | Yes |
| Fund | Yes | Yes | Yes | Yes |
| Bond | Yes | Yes | Yes | Yes |
| Options | Yes | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes | Yes |
| CFD | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
#2 Best stock trading app 2019
Saxo Bank
Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).
Saxo Bank is a global service provider. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.
Saxo Bank is considered safe because it has a long track record, has a banking background, and is regulated by top-tier financial authorities.
#2 Saxo Bank
App functionality and features
Saxo Bank's user-friendly mobile platform has the same look and almost the same functionality as the web platform.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Two-step (safer) login | |
| • Good search function |
Saxo Bank stock trading app is available on both iOS and Android.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Two-step authentication | Yes | Yes | Yes | Yes |
| # of order types | 5 | 5 | 5 | 5 |
| Search function | Mid-range | Great | Great | Great |
| Price alerts | Yes | Yes | Yes | Yes |
| Order confirmation | Yes | Yes | Yes | Yes |
| User-friendly | Great | Great | Mid-range | Mid-range |
#2 Saxo Bank
Stock trading fees
Saxo Bank stock trading fees are average.
It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.
A typical trade means that you buy and sell the shares for $2,000.
This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.
Here is the verdict:
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| US stock | $1.0 | $10.0 | $1.0 | $1.5 |
| UK stock | - | $9.6 | $7.2 | $2.4 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Want to check the pricing by yourself? Here you go:
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| US stock | $0.01 per share; min $1 | $0.02/share; min $10, but using VIP pricing the minimum can be as low as $3 | $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. | $0.007 per share, min $1.5 |
| UK stock | Not available | 0.1% of trade value with £8 min, but using VIP pricing the commission can be as low as 0.05% of trade value with £5 min | £6 + 0.05% of trade value for trade value more than £50,000; fixed £6 for trade value less than £50,000 | 0.12%, min £1.5 |
Non-trading fees
Saxo Bank has average non-trading fees.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Account fee | No | No | No | No |
| Inactivity fee | Yes | Yes | Yes | No |
| Withdrawal fee | $35 | $0 | $0 | $0 |
Feel free to check out more about brokerage fees if your want to learn more.
#2 Saxo Bank
Account opening
Saxo's account opening is fully digital, user-friendly, and available in most of the world. On the other hand, the minimum deposit is high in certain countries, and account verification can take longer.
| Pros | Cons |
|---|---|
| • Fully digital | • Minimum deposit is high in certain countries |
| • User-friendly | • Relatively slow account verification |
| • Available in almost every country | • |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Minimum deposit | $500 | $10,000 | $0 | $1,000 |
| Time to open account | 1 day | 1-3 days | 1-3 days | 1 day |
You can start the account opening via both the broker website or the app.
#2 Saxo Bank
Deposit and withdrawal
Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Electronic wallets are not available for deposit or withdrawal |
| • Free withdrawal | |
| • No deposit fee |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No |
| Electronic wallets | No | No | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 |
#2 Saxo Bank
Markets and products
Saxo Bank's product portfolio is great. It covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where its selection could be improved.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Stock markets (#) | 5 | 28 | 78 | 78 |
| ETFs (#) | 2,300 | 3,100 | 13,000 | 13,000 |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Forex | No | Yes | Yes | Yes |
| Fund | Yes | Yes | Yes | Yes |
| Bond | Yes | Yes | Yes | Yes |
| Options | Yes | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes | Yes |
| CFD | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
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#3 Best stock trading app 2019
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, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
#3 Interactive Brokers
App functionality and features
The Interactive Brokers mobile trading platform has a lot of functions and a useful chatbot, but its user interface could be better.
| Pros | Cons |
|---|---|
| • Two-step (safer) login | • User interface is a bit complex |
| • Good search function | |
| • Good variety of order types |
Interactive Brokers stock trading app is available on both iOS and Android.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Two-step authentication | Yes | Yes | Yes | Yes |
| # of order types | 5 | 5 | 5 | 5 |
| Search function | Mid-range | Great | Great | Great |
| Price alerts | Yes | Yes | Yes | Yes |
| Order confirmation | Yes | Yes | Yes | Yes |
| User-friendly | Great | Great | Mid-range | Mid-range |
#3 Interactive Brokers
Stock trading fees
Interactive Brokers stock trading fees are low.
It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.
A typical trade means that you buy and sell the shares for $2,000.
This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.
Here is the verdict:
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| US stock | $1.0 | $10.0 | $1.0 | $1.5 |
| UK stock | - | $9.6 | $7.2 | $2.4 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Want to check the pricing by yourself? Here you go:
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| US stock | $0.01 per share; min $1 | $0.02/share; min $10, but using VIP pricing the minimum can be as low as $3 | $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. | $0.007 per share, min $1.5 |
| UK stock | Not available | 0.1% of trade value with £8 min, but using VIP pricing the commission can be as low as 0.05% of trade value with £5 min | £6 + 0.05% of trade value for trade value more than £50,000; fixed £6 for trade value less than £50,000 | 0.12%, min £1.5 |
Non-trading fees
Interactive Brokers has average non-trading fees.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Account fee | No | No | No | No |
| Inactivity fee | Yes | Yes | Yes | No |
| Withdrawal fee | $35 | $0 | $0 | $0 |
Feel free to check out more about brokerage fees if your want to learn more.
#3 Interactive Brokers
Account opening
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the online registration is complicated and account verification takes around 2 business days.
| Pros | Cons |
|---|---|
| • Fully digital | • Not user-friendly |
| • No minimum deposit for most accounts types | • Confusing messages throughout the process |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Minimum deposit | $500 | $10,000 | $0 | $1,000 |
| Time to open account | 1 day | 1-3 days | 1-3 days | 1 day |
You can start the account opening via both the broker website or the app.
#3 Interactive Brokers
Deposit and withdrawal
Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | • Not user-friendly |
| • First withdrawal each month free |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No |
| Electronic wallets | No | No | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 |
#3 Interactive Brokers
Markets and products
Through Interactive Brokers you can access an extremely wide range of markets, with every product type available.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Stock markets (#) | 5 | 28 | 78 | 78 |
| ETFs (#) | 2,300 | 3,100 | 13,000 | 13,000 |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Forex | No | Yes | Yes | Yes |
| Fund | Yes | Yes | Yes | Yes |
| Bond | Yes | Yes | Yes | Yes |
| Options | Yes | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes | Yes |
| CFD | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
#4 Best stock trading app 2019
TradeStation Global
TradeStation Global is the brand of TradeStation International, which is based in the UK and regulated by the top-tier FCA. TradeStation International is the subsidiary of TradeStation, and an introducing broker of Interactive Brokers (IB).
Therefore, TradeStation Global is a combined product of TradeStation and IB. You can reach IB's markets almost at IB's fees. You can trade on both IB's and TradeStation's desktop platform. The customer service is by TradeStation.
Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on NASDAQ, TradeStation itself is not: only TradeStation's parent company Monex is listed on the Tokyo Stock Exchange.
#4 TradeStation Global
App functionality and features
You can use Interactive Brokers' IBKR Mobile as a mobile trading platform. It has a lot of functions and a useful chatbot, but its user interface could be better.
| Pros | Cons |
|---|---|
| • Two-step (safer) login | • User interface is a bit complex |
| • Good search function | |
| • Good variety of order types |
TradeStation Global stock trading app is available on both iOS and Android.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Two-step authentication | Yes | Yes | Yes | Yes |
| # of order types | 5 | 5 | 5 | 5 |
| Search function | Mid-range | Great | Great | Great |
| Price alerts | Yes | Yes | Yes | Yes |
| Order confirmation | Yes | Yes | Yes | Yes |
| User-friendly | Great | Great | Mid-range | Mid-range |
#4 TradeStation Global
Stock trading fees
TradeStation Global stock trading fees are low.
It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.
A typical trade means that you buy and sell the shares for $2,000.
This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.
Here is the verdict:
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| US stock | $1.0 | $10.0 | $1.0 | $1.5 |
| UK stock | - | $9.6 | $7.2 | $2.4 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Want to check the pricing by yourself? Here you go:
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| US stock | $0.01 per share; min $1 | $0.02/share; min $10, but using VIP pricing the minimum can be as low as $3 | $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. | $0.007 per share, min $1.5 |
| UK stock | Not available | 0.1% of trade value with £8 min, but using VIP pricing the commission can be as low as 0.05% of trade value with £5 min | £6 + 0.05% of trade value for trade value more than £50,000; fixed £6 for trade value less than £50,000 | 0.12%, min £1.5 |
Non-trading fees
TradeStation Global has low non-trading fees.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Account fee | No | No | No | No |
| Inactivity fee | Yes | Yes | Yes | No |
| Withdrawal fee | $35 | $0 | $0 | $0 |
Feel free to check out more about brokerage fees if your want to learn more.
#4 TradeStation Global
Account opening
TradeStation Global's account opening is fully digital and fast. On the negative side, the process is complicated and there is a high, $1,000 minimum required deposit.
| Pros | Cons |
|---|---|
| • Fast | • Minimum deposit is higher than $500 |
| • Fully digital | • Not user-friendly |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Minimum deposit | $500 | $10,000 | $0 | $1,000 |
| Time to open account | 1 day | 1-3 days | 1-3 days | 1 day |
You can start the account opening via both the broker website or the app.
#4 TradeStation Global
Deposit and withdrawal
TradeStation Global offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | • Not user-friendly |
| • No charge for the first withdrawal every month. |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No |
| Electronic wallets | No | No | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 |
#4 TradeStation Global
Markets and products
With TradeStation Global, you can access the same range of product types and exchanges as at Interactive Brokers. This selection is one of the widest among online brokers.
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Stock markets (#) | 5 | 28 | 78 | 78 |
| ETFs (#) | 2,300 | 3,100 | 13,000 | 13,000 |
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Forex | No | Yes | Yes | Yes |
| Fund | Yes | Yes | Yes | Yes |
| Bond | Yes | Yes | Yes | Yes |
| Options | Yes | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes | Yes |
| CFD | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
Best stock trading apps for non-US, non-EU citizens
Bottom line
You saw the details, now let's zoom out. Here are the best stock trading apps of 2020 for non-US, non-EU citizens:
| Tradestation | Saxo Bank | Interactive Brokers | TradeStation Global | |
|---|---|---|---|---|
| Stock fee class | Low | Average | Low | Low |
| Mobile platform score | 4.8 stars | 5.0 stars | 3.5 stars | 3.5 stars |
| Account opening score | 5.0 stars | 2.6 stars | 3.4 stars | 2.8 stars |
| Deposit and withdrawal score | 1.8 stars | 4.8 stars | 2.5 stars | 2.5 stars |
| Markets and products score | 2.7 stars | 5.0 stars | 5.0 stars | 5.0 stars |
Tradestation is our winner, the best stock trading app for non-US, non-EU citizens. User-friendly. Two-step (safer) login. Good variety of order types.
All stock trading apps are considered 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 which app and broker to choose? Use the broker finder and find the best app for you or learn more about investing your money.
