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Our top alternative brokers to CITIC Securities
Interactive Brokers
4.9
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TradeStation
4.7
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Our top alternative brokers to CITIC Securities
Interactive Brokers
4.9
Visit broker
TradeStation
4.7
Visit broker
Citic Securities Alternatives

If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the CITIC Securities review.

The best alternatives to CITIC Securities are

  1. Industrial Securities - Chinsee securities firm
  2. Interactive Brokers - US discount broker
  3. TradeStation - US stockbroker
  4. TD Ameritrade - US-based stockbroker

Let's see in a bit more detail how the CITIC Securities alternatives compare to CITIC Securities and each other:

CITIC Securities alternatives comparison
CITIC Securities Industrial Securities Interactive Brokers TradeStation TD Ameritrade
Overall score 4.8 4.8 4.9 4.7 4.9
Fees score 4.2 stars 4.2 stars 4.2 stars 4.1 stars 4.3 stars
Account opening score 5.0 stars 5.0 stars 3.4 stars 5.0 stars 3.6 stars
Deposit and withdrawal score 3.8 stars 4.3 stars 3.5 stars 2.3 stars 2.2 stars
Web platform score 3.2 stars - 4.5 stars 4.5 stars 4.3 stars
Markets and products score 2.5 stars 2.2 stars 5.0 stars 2.8 stars 4.0 stars
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Why are these brokers considered good alternatives to CITIC Securities? There are many areas based on which CITIC Securities can be compared with others. When we say a given online broker is a good alternative to CITIC Securities we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

CITIC Securities alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • CITIC Securities is recommended for investors and traders looking for assets in china and hong kong markets
  • Industrial Securities is recommended for investors and traders looking for assets in china, japan, and southeast asia markets
  • Interactive Brokers is recommended for traders looking for low fees and a professional trading environment
  • TradeStation is recommended for traders focusing on us markets and buy-and-hold investing
  • TD Ameritrade is recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Important factors of finding CITIC Securities alternatives

So far BrokerChooser has reviewed 89 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether CITIC Securities or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. CITIC Securities is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost CITIC Securities alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At CITIC Securities this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at CITIC Securities, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given CITIC Securities alternative is a must.


Now let's dive into the details of how CITIC Securities and its alternatives perform in the most important areas!

Citic Securities alternatives
Industrial Securities

Recommended for investors and traders looking for assets in china, japan, and southeast asia markets

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Fees
4.2

CITIC Securities vs. Industrial Securities: Trading fees
Industrial Securities CITIC Securities
Apple benchmark fee - -
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes 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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Account opening
5.0

CITIC Securities vs. Industrial Securities: Minimum deposit, time to open an account
Industrial Securities CITIC Securities
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in Industrial Securities minimum deposit, this overview will help you.

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Deposit and withdrawal
4.3

CITIC Securities vs. Industrial Securities: Withdrawal options
Industrial Securities CITIC Securities
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform

CITIC Securities vs. Industrial Securities: Trading platform scores
Industrial Securities CITIC Securities
Web platform score - 3.2 stars
Mobile platform score 4.2 stars 4.2 stars
Desktop platform score 3.5 stars 3.0 stars

Learn more about Industrial Securities's web trading platform in the detailed Industrial Securities review.

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Markets and products
2.2

CITIC Securities vs. Industrial Securities: Markets and products
Industrial Securities CITIC Securities
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD No No
Crypto No No

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Verdict

Industrial Securities
Summary Industrial Securities mainly engages in securities brokerage, underwriting and sponsorship, investment consulting, securities self-operation, financial consulting, margin trading, fund and financial product agency sales, fund custody, and futures introduction.
Fees score 4.2 stars
Recommended for Investors and traders looking for assets in China, Japan, and Southeast Asia markets

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Citic Securities alternatives
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 forex fees

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Fees
4.2

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
CITIC Securities vs. Interactive Brokers: Trading fees
Interactive Brokers CITIC Securities
Apple benchmark fee $2.3 -
Vodafone benchmark fee $16.3 -
EURUSD benchmark fee $7.4 -

Includes 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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Account opening
3.4

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
CITIC Securities vs. Interactive Brokers: Minimum deposit, time to open an account
Interactive Brokers CITIC Securities
Minimum deposit $0 $0
Time to open account 1-3 days 1 day

If you are interested more in Interactive Brokers minimum deposit, this overview will help you.

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Deposit and withdrawal
3.5

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
CITIC Securities vs. Interactive Brokers: Withdrawal options
Interactive Brokers CITIC Securities
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.5

Interactive Brokers's web platform is simple and easy to use, even for beginners.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Web trading platform of Interactive Brokers, a CITIC Securities alternative
CITIC Securities vs. Interactive Brokers: Trading platform scores
Interactive Brokers CITIC Securities
Web platform score 4.5 stars 3.2 stars
Mobile platform score 3.8 stars 4.2 stars
Desktop platform score 3.0 stars 3.0 stars

Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.

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Markets and products
5.0

Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.
CITIC Securities vs. Interactive Brokers: Markets and products
Interactive Brokers CITIC Securities
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD Yes No
Crypto Yes No

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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 are high forex fees, 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 4.2 stars
Recommended for Traders looking for low fees and a professional trading environment

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Citic Securities alternatives
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 investor protection per account (including cash up to $250,000).

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.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros Cons
Great web and mobile trading platform Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Mediocre customer service

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Fees
4.1

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, withdrawals can be costly.
Pros Cons
Low trading fees Withdrawal fee
Low stock and ETF fees / Free stock trading
Multiple fee structures to choose from
CITIC Securities vs. TradeStation: Trading fees
TradeStation CITIC Securities
Apple benchmark fee $2.3 -
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes 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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Account opening
5.0

TradeStation account opening is fully digital, user-friendly and fast. On the other hand, USD is the only available base currency (except for futures accounts).
Pros Cons
Fast Only USD accounts (unless you trade futures)
Fully digital
User-friendly
CITIC Securities vs. TradeStation: Minimum deposit, time to open an account
TradeStation CITIC Securities
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in TradeStation minimum deposit, this overview will help you.

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Deposit and withdrawal
2.3

TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; and the fee for wire transfer withdrawals is high.
Pros Cons
No deposit fee Credit/Debit card not available
Deposit and withdrawal in cryptocurrencies High fee for wire withdrawal
Only USD accounts (unless you trade futures)
CITIC Securities vs. TradeStation: Withdrawal options
TradeStation CITIC Securities
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.5

TradeStation has a nice-looking, user-friendly web trading platform with a safe login process, but it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Web trading platform of TradeStation, a CITIC Securities alternative
CITIC Securities vs. TradeStation: Trading platform scores
TradeStation CITIC Securities
Web platform score 4.5 stars 3.2 stars
Mobile platform score 4.8 stars 4.2 stars
Desktop platform score 2.5 stars 3.0 stars

Learn more about TradeStation's web trading platform in the detailed TradeStation review.

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Markets and products
2.8

TradeStation grants access to a wide variety of US products, but its non-US market coverage is poor. Also, forex and CFDs are not available.
CITIC Securities vs. TradeStation: Markets and products
TradeStation CITIC Securities
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD No No
Crypto Yes No

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Verdict

TradeStation is a great US broker.

The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. On top of that, TradeStation's education materials are well-structured and high quality.

On the other hand, the deposit and withdrawal functions are not user-friendly as you can only use bank transfers. There is no forex trading, and customer service has room for improvement.

Feel free to try TradeStation if you prefer trading on US markets. We recommend it for buy and hold investors with at least some experience.

TradeStation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.1 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

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Citic Securities alternatives
TD Ameritrade

This TD Ameritrade Review concludes that it is recommended for investors and experienced traders looking for solid research and a well-equipped desktop trading platform, the Thinkorswim platform.

It is one of the biggest US-based stockbrokers founded in 1975. As an online broker it is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

It is considered to be a safe broker as it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is overseen by top-tier regulators.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Pros Cons
Low trading fees (free stock and ETF trading) You can trade only on US markets
Superb desktop trading platform Accounts mostly limited to US residents
Great customer support No credit/debit cards and electronic wallets for money transfer

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Fees
4.3

TD Ameritrade offers free stock and ETF trading, while forex, bond and options fees are also low. On the other hand, it charges high fees for futures.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Free stocks and ETFs
CITIC Securities vs. TD Ameritrade: Trading fees
TD Ameritrade CITIC Securities
Apple benchmark fee $0.3 -
Vodafone benchmark fee - -
EURUSD benchmark fee $7.0 -

Includes 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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Account opening
3.6

Pros Cons
Fully digital None
No minimum deposit
Many account types
CITIC Securities vs. TD Ameritrade: Minimum deposit, time to open an account
TD Ameritrade CITIC Securities
Minimum deposit $0 $0
Time to open account 1-3 days 1 day

If you are interested more in TD Ameritrade minimum deposit, this overview will help you.

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Deposit and withdrawal
2.2

The account funding is user-friendly with no deposit fees, but USD is the only available base currency, and wire transfers incur a high fee.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Only one account base currency
User-friendly High withdrawal fee for wire transfers
CITIC Securities vs. TD Ameritrade: Withdrawal options
TD Ameritrade CITIC Securities
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.3

Pros Cons
User-friendly Limited customizability (for charts, workspace)
Two-step (safer) login
Good variety of order types
Web trading platform of TD Ameritrade, a CITIC Securities alternative
CITIC Securities vs. TD Ameritrade: Trading platform scores
TD Ameritrade CITIC Securities
Web platform score 4.3 stars 3.2 stars
Mobile platform score 4.8 stars 4.2 stars
Desktop platform score 4.5 stars 3.0 stars

Learn more about TD Ameritrade's web trading platform in the detailed TD Ameritrade review.

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Markets and products
4.0

You can trade many asset classes, from stocks to futures and forex, while nice extras include social trading and robo-advisory. On the other hand, only the US market is covered.
CITIC Securities vs. TD Ameritrade: Markets and products
TD Ameritrade CITIC Securities
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD No No
Crypto Yes No

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Verdict

It is one of the biggest US online brokers. It charges no commission on stock and ETFs.

Research and education are outstanding, the Thinkorswim desktop platform is one of the best on the market. Customer service is great.

The drawbacks are that it charges high financing (margin) rates, and it doesn't accept credit/debit cards and electronic wallets for money transfers. Furthermore, the product portfolio covers only the US markets.

We definitely recommend giving it a try, especially as their education tools include a demo as well.

TD Ameritrade
Summary TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group.
Fees score 4.3 stars
Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

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Citic Securities alternatives
CITIC Securities

CITIC Securities is a Chinese financial company. The firm provides services ranging from brokerage to asset management. CITIC Securities was founded in 1995 and is regulated by the China Securities Regulatory Commission (CSRC).

CITIC Securities is considered safe because it has a long track record, is listed on the Shanghai Stock Exchange, and is regulated by a top-tier financial authority.

CITIC Securities has two main legal entities, one based in Mainland China and one based in Hong Kong. In this review, we focus mostly on the Mainland China entity, but we cover some important information about the Hong Kong-based entity as well.

Recommended for investors and traders looking for assets in china and hong kong markets

Pros Cons
Low fees on Chinese markets Limited product selection
Easy account opening No demo account
Excellent research tools Platforms lack important features

Fees
4.2

CITIC Securities has generally low trading and non-trading fees. Fees for Chinese stocks are one of the lowest on the market; however, fees for Hong Kong stocks are a bit higher.
Pros Cons
Low fees for Chinese stocks Higher fees for Hong Kong stocks
Low non-trading fees
CITIC Securities alternatives trading fees
CITIC Securities Industrial Securities Interactive Brokers TradeStation TD Ameritrade
US stock - - $1.0 $1.0 $0.0
UK stock - - $7.8 - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Account opening
5.0

The account opening is easy and fully digital at CITIC Securities. There is also no minimum deposit required.
Pros Cons
Fast None
Fully digital
No minimum deposit
CITIC Securities alternatives minimum deposit and account open times
CITIC Securities Industrial Securities Interactive Brokers TradeStation TD Ameritrade
Minimum deposit $0 $0 $0 $0 $0
Time to open account 1 day 1 day 1-3 days 1 day 1-3 days

Learn more about CITIC Securities minimum deposit here.

Deposit and withdrawal
3.8

CITIC Securities charges no deposit or withdrawal fees, and these transactions are instant, which is a great plus. However, you can hold your cash only in CNY, HKD or USD.
Pros Cons
Free withdrawal Limited account currency selection
No deposit fee
Instant deposit and withdrawal
CITIC Securities and alternatives withdrawal options and fees
CITIC Securities Industrial Securities Interactive Brokers TradeStation TD Ameritrade
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes Yes No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $0 $0

Web trading platform
3.2

The CITIC Securities web trading platform is simple and easy to use, with a great search function. However, the platform lacks two-step login, customizability, and the number of order types is limited.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function Limited order types
CITIC Securities - Web trading platform
CITIC Securities and alternatives trading platform scores
CITIC Securities Industrial Securities Interactive Brokers TradeStation TD Ameritrade
Web platform score 3.2 stars - 4.5 stars 4.5 stars 4.3 stars
Mobile platform score 4.2 stars 4.2 stars 3.8 stars 4.8 stars 4.8 stars
Desktop platform score 3.0 stars 3.5 stars 3.0 stars 2.5 stars 4.5 stars

Learn more about CITIC Securities's web trading platform in the detailed CITIC Securities review.

Markets and products
2.5

CITIC Securities gives access to many asset classes, including stocks, ETFs, funds and bonds. However, these asset classes cover only Chinese and Hong Kong markets. Also, forex and CFDs are not available.
CITIC Securities and alternatives markets and products
CITIC Securities Industrial Securities Interactive Brokers TradeStation TD Ameritrade
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex No No Yes No Yes
Fund Yes Yes Yes Yes Yes
Bond Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD No No Yes No No
Crypto No No Yes Yes Yes

Verdict

CITIC Securities is great for investors and traders looking for a broker with a solid background and focusing on the Chinese and Hong Kong markets.

On the plus side, CITIC Securities has low fees for Chinese markets. The account opening is fast, and research tools cover great services, such as detailed fundamental data.

There are some drawbacks, though. The product selection covers only China and Hong Kong markets. There is no demo account and the trading platform lacks important features.

As your account will be ready within a few minutes and there is no minimum deposit, feel free to give CITIC Securities a try.

CITIC Securities
Summary CITIC Securities is a Chinese full-service investment bank, regulated by the Chinese Securities Regulatory Commission (CSRC)
Fees score 4.2 stars
Recommended for Investors and traders looking for assets in China and Hong Kong markets

Citic Securities alternatives
Bottom line

Based on our analysis, there are several good alternatives to CITIC Securities. They all offer similar products and target similar customers. Here's a recap of the results in a table.

CITIC Securities alternatives
Broker Info Recommended for
CITIC Securities Chinese securities firm Investors and traders looking for assets in China and Hong Kong markets
Industrial Securities Chinsee securities firm Investors and traders looking for assets in China, Japan, and Southeast Asia markets
Interactive Brokers US discount broker Traders looking for low fees and a professional trading environment
TradeStation US stockbroker Traders focusing on US markets and buy-and-hold investing
TD Ameritrade US-based stockbroker Investors and traders looking for solid research and a well-equipped desktop trading platform

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

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

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