Top 2 brokers for investing in stocks from the Seychelles
Interactive Brokers
4.9
Visit broker
Zacks Trade
4.6
Visit broker
How to invest in stocks from the Seychelles

Stocks are a good fit for various investment strategies and investor types. Whether it's the thrill of riding market waves in search of quick gains, or the desire to benefit from long-term growth, stocks carry a definite allure. Either way, investing in stocks is serious business that requires careful consideration.

Thankfully, investing in stocks has never been easier. If you're wondering how to invest in stocks from the Seychelles, we have good news for you: there are many safe and high-quality online brokers that offer their services for clients in the Seychelles. Among these, you can find providers that offer stocks from the Seychelles, but if you're looking to invest in other global markets, your possibilities open up even more.

If you are interested in our guide about how to buy shares online, click here.

Are you ready to start? Let us show you how to invest in stocks from the Seychelles in four simple steps: 1) find an online broker; 2) open an account; 3) fund your account; and 4) buy the stocks you need.

How to invest in stocks from the Seychelles
Find an online broker

There are literally hundreds of online brokers out there, and while some are dubious operators, most are reasonably safe and of acceptable quality. Do you feel overwhelmed by this large selection? No worries – we have picked five quality brokers for you that are available in the Seychelles and which are especially suitable for stock investing. You can view them at the end of this article.

In case you want to do your own research, we can help with that, too. First, you need to make sure that the broker you're looking at is available in the Seychelles. Some brokers are available in only one country or region (such as the US or the UK), but others are more global in their outreach, and allow clients from most countries in the world to open an account.

Before you commit to a broker, you should consider what kind of stocks and markets you want to invest in. Many brokers grant access only to their home markets (be it the US, the UK or India); while others offer stocks from dozens of exchanges around the world. If you live in the Seychelles but fancy buying some hot US tech stocks or simply want to assemble a global stock portfolio, make sure your broker offers trading on the stock markets you're interested in.

Safety is also a very important consideration. Here at BrokerChooser, we only recommend brokers that are regulated by at least one top-tier financial authority. Please note that some global brokers operate via several legal entities, each regulated by a local authority – so for example, US clients would be overseen by a US regulator, and UK clients by a UK financial authority. Some regulators also run investor protection schemes, making you eligible for compensation if your broker goes bankrupt.

Would you like to speed up your search? Our broker finder tool will help you narrow down your choices, showing only those brokers that are available in your country and are suitable for your investment goals and habits. And if you want a detailed, side-by-side comparison of these alternatives, check out our broker comparison table.

How to invest in stocks from the Seychelles
Open your account

Opening an account at an online broker is usually easy and straightforward, and takes place fully online. Most of the time, you just need to provide your name, address and other basic information, and maybe answer some questions about your wealth/income status, financial knowledge or trading experience. Make sure you have your documents at hand, as copies of a photo ID and some recent bank statements or utility bills are usually required to verify your identity and residency.

Once you have completed your registration, it normally takes another day or so for your account to be verified, although at some brokers this process can take up to three days or even more. Some locally-focused brokers may even require overseas clients to send documents by mail, making the process more cumbersome. But once your account is verified, you're all set to start investing!

Many brokers offer several account types to choose from, such as individual or joint accounts, or various tax-free accounts. If you're a stock investor who's saving up for retirement, check with a local tax expert to see if you may be eligible for tax-advantaged accounts offered by your broker.

In general, don't forget about taxes – wherever you reside, selling a stock at a profit or collecting annual dividends from a company whose shares you own is likely to have some tax implications. We can't offer you specific tax advice, but if you want to learn more about the general principles of taxation when it comes to stocks and other investment instruments, read this overview.

How to invest in stocks from the Seychelles
Fund your account

So your trading account has been verified; the next step is to fund it – in other words, to deposit money that you will then use for buying stocks. Some brokers require a minimum deposit when you open your account, but most brokers do not have such a requirement, allowing you to take your time before committing any funds.

All brokers will allow you to deposit or withdraw funds via bank transfer; an easy, usually free, though not always super-fast method. Withdrawing money to your bank account can take as long as three days.

Many brokers also let you deposit (though not withdraw) funds using credit or debit cards. A few will also accept so-called electronic wallets such as PayPal, Apple Pay, Skrill or Neteller. The biggest benefit of cards and e-wallets is that transactions take place instantly, allowing you to start investing – or reap the proceeds of a successful stock sale – right away.

Please note that while bank account withdrawals are free in most cases, withdrawals to an overseas bank account sometimes come with an extra charge. Withdrawals by wire transfer (in case ACH or SEPA transfers are not an option) can likewise be costly. Assess your situation is, and make sure you choose a broker where such costs – which can run up to $45 per transaction at some brokers – do not apply.

How to invest in stocks from the Seychelles
Find and buy stocks

Now that you have a brokerage account with enough money on it to start your investment journey, so let us finally show you how to buy stocks online.

You may already know which stock(s) you want to buy; if not, it's worth checking out the research section of your broker, which often includes trading ideas and recommendations by in-house experts or third-party analysts. Alternatively, you can do a bit of research on your own, and check the selected stock's earnings multiples, or read up on industry news.

Once you have settled on a stock, it's easy – just select it from the broker's search menu, enter the number of shares you want to buy, and press "Buy". Most trading platforms will offer several order types - such as a "Market" order to buy at the current price, or a "Limit" order to buy later at a specific price. To learn more about various order types, read this article.

When investing in stocks online, fees will likely be among your top concerns. To help you make sense of the various costs of trading, we compiled this handy guide.

Please note that if your broker has global market coverage, it may apply different fees to stocks from different countries or exchanges. For example, UK stocks may carry a higher commission than US stocks, or vice versa. Often, these differences have to do with taxes or fees charged by exchanges, such as a 0.5% stamp duty levied by the London Stock Exchange.

How to invest in stocks from the Seychelles
Top brokers for investing in stocks

Are you ready to give it a go but still feel intimidated by the large selection of brokers out there? Worry not. We have compiled a list of safe brokers that are available in the Seychelles and are great for investing in stocks. We recommend that you pick one of the following brokers:

  1. Interactive Brokers, US discount broker
  2. Zacks Trade, US discount broker
  3. ChoiceTrade, US-based stockbroker
  4. SogoTrade, US-based stockbroker
  5. Swissquote, Swiss investment bank

What makes these brokers a good place to invest in stocks from the Seychelles? The most important selection criteria were the fair trading and non-trading fees, availability of easy-to-use web and mobile trading platforms, and the depth of stock market selection,.

Below is a table comparing the quality of the most important factors for each broker:

Top brokers for investing in stocks from the Seychelles
Interactive Brokers Zacks Trade ChoiceTrade SogoTrade Swissquote
Stock and ETF fee scores 4.7 stars 4.6 stars 5.0 stars 4.0 stars 0.3 stars
Web platform score 4.5 stars 4.5 stars 1.5 stars 3.0 stars 4.3 stars
Mobile platform score 3.8 stars 3.8 stars 3.5 stars 4.5 stars 4.7 stars
Stock markets (#) 78 72 5 3 60

Now let's check in detail the trading and non-trading fees charged by the best brokers for investing in stocks from the Seychelles:

How to invest in stocks from the Seychelles - stock trading and non-trading fees
Interactive Brokers Zacks Trade ChoiceTrade SogoTrade Swissquote
US stock $1.0 $1.0 $0.0 $4.9 $25.0
UK stock $7.8 $15.6 - - $32.5
German stock $4.8 $14.4 - - $30.0
Withdrawal fee $0 $0 $5 $0 $10
Inactivity fee Yes No Yes Yes No
Visit broker Visit broker Visit broker Read review Visit broker
More More More More More

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

Now, let's see some more details about the best brokers for investing in stocks from the Seychelles.

Interactive Brokers Logo

#1 Best broker for buying a share
Interactive Brokers

4.9

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.

Visit broker

#1 Interactive Brokers
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
How to invest in stocks from the Seychelles - Interactive Brokers web trading platform

Visit broker More

#1 Interactive Brokers
Mobile trading platform
3.8

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
How to invest in stocks from the Seychelles - Interactive Brokers mobile trading platform

Visit broker More

Zacks Trade Logo

#2 Best broker for buying a share
Zacks Trade

4.6

Zacks Trade is a US-based discount broker and a division of LBMZ Securities. LBMZ Securities was founded in 1978 and is regulated by the top-tier US financial authorities SEC and FINRA.

LBMZ Securities's clearing and execution services are provided through Interactive Brokers, a global stockbroker regulated by many top-tier financial authorities globally.

If you're familiar with the services of Interactive Brokers, you might notice that many of Zacks Trade's services are the same. To sum up:

  • Zacks Trade has its own, different fee structure, product selection, educational tools and customer support.
  • The account opening and deposit/withdrawal processes, trading platforms and research tools are the same as at Interactive Brokers.

Zacks Trade is considered safe because it has a long track record and is overseen by top-tier regulators. 

Visit broker

#2 Zacks Trade
Web trading platform
4.5

The Zacks Trade web platform is simple and easy to use even for beginners.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
How to invest in stocks from the Seychelles - Zacks Trade web trading platform

Visit broker More

#2 Zacks Trade
Mobile trading platform
3.8

The Zacks Trade mobile trading platform, called Handy Trader, 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
How to invest in stocks from the Seychelles - Zacks Trade mobile trading platform

Visit broker More

ChoiceTrade Logo

#3 Best broker for buying a share
ChoiceTrade

4.1

ChoiceTrade is a US-based stockbroker founded in 2000. The broker is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) and it is also a member of SIPC. SIPC membership ensures that clients are eligible for the SIPC investor protection scheme, which protects assets up to $500,000 (cash up to $250,000) per account.

ChoiceTrade is considered safe because it has a long track record, it is regulated by top-tier regulators and it discloses its annual financial statements. 

Visit broker

#3 ChoiceTrade
Web trading platform
1.5

ChoiceTrade's web trading platform offers a clear fee report and a great variety of order types. On the other hand, the design is outdated, there is no two-step login, and the search functions are poor.
Pros Cons
Clear fee report No two-step (safer) login
Good variety of order types Poor search function
Order confirmation Design is very outdated
How to invest in stocks from the Seychelles - ChoiceTrade web trading platform

Visit broker More

#3 ChoiceTrade
Mobile trading platform
3.5

The ChoiceTrade mobile trading platform is of better quality than the web trading platform. It is user-friendly and offers a lot of order types. On the negative side, it lacks the two-step login, there are no price alerts, and the search function doesn't work well.
Pros Cons
User-friendly No two-step (safer) login
Good search function Poor search function
Good variety of order types No price alerts
How to invest in stocks from the Seychelles - ChoiceTrade mobile trading platform

Visit broker More

#4 Best broker for buying a share
SogoTrade

4.2

SogoTrade is a US stockbroker, which was founded in 1986. The company is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).

Although it is not listed on any stock exchanges and does not have a banking background, SogoTrade is considered safe because it has a long track record and it is regulated by top-tier regulators. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.

Read review

#4 SogoTrade
Web trading platform
3.0

SogoTrade's web trading platform is user-friendly, has a good search function, and offers a variety of order types. However, it's not customizable, it doesn't look particularly nice, and doesn't have two-step authentication.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Good variety of order types Limited customizability (for charts, workspace)
How to invest in stocks from the Seychelles - SogoTrade web trading platform

Read review

#4 SogoTrade
Mobile trading platform
4.5

The SogoApp is user-friendly packed with helpful user instructions. It offers a variety of order types and price alerts as well. On the negative side, it doesn't have a secure two-step authentication.
Pros Cons
User-friendly No two-step (safer) login
Good search function
Good variety of order types
How to invest in stocks from the Seychelles - SogoTrade mobile trading platform

Read review

Swissquote Logo

#5 Best broker for buying a share
Swissquote

4.7

Swissquote is a Swiss investment bank established in 1996. It has two main trading arms: a Swiss unit for trading stocks, funds, options and futures, and a company in the UK for CFDs and forex.

Formally, Swissquote Bank Ltd is based in Switzerland and is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the country's financial regulator.

The other entity, Swissquote Ltd, is Luxembourg and offers CFDs and forex trading. It is regulated by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's regulator. The purpose of this entity is to grant access to the European markets after Brexit. The UK entity remained only for UK clients

Swissquote is considered safe because Swissquote Bank Ltd has a banking license, it is listed on the Swiss stock exchange, discloses detailed financials regularly and has a long track record.

Here, we focus mainly on the Swiss entity, sometimes referred to as "Swissquote (CH)". Throughout our content, we will refer to the Luxembourg-based entity as "Swissquote Europe (LUX)".

Visit broker

#5 Swissquote
Web trading platform
4.3

The Swissquote (CH) eTrading platform has a lot of functions, so many that sometimes it can get complicated. Customizability is good and there is a clear overview of trading fees, but it's easy to get lost on the platform.
Pros Cons
Clear fee report Easy to get lost among functions
Two-step (safer) login
Good search function
How to invest in stocks from the Seychelles - Swissquote web trading platform

Visit broker More

#5 Swissquote
Mobile trading platform
4.7

Swissquote's eTrading has a user-friendly and well-designed mobile trading platform. The search function is simple, although sometimes the results are organized a bit strangely, similarly to the web platform.
Pros Cons
User-friendly No advanced search filters
Good search function
Price alerts
How to invest in stocks from the Seychelles - Swissquote mobile trading platform

Visit broker More

How to invest in stocks from the Seychelles
Bottom line

Now that we have shown you how to invest in stocks from the Seychelles, you should be ready to go out and take the first steps of your investment journey. Find a good online broker, open an account, deposit some money, buy your first stocks, and reap the profits!

But these are just the first steps. Make sure you review the performance of your stocks and that of the wider market from time to time, see if you want to sell any of your existing securities or seek out new ones to further diversify your portfolio.

Are you overwhelmed by the selection of stocks on offer and want someone else to do the diversification for you? Perhaps ETFs are what you're looking for. Or maybe you're itching to take on more risk in the hope of outsize rewards? See if CFDs.

Author of this article

Balázs Szládek

Author of this article

Balázs enjoys the challenge of explaining difficult subjects in plain English, helping would-be investors navigate the field of financial markets. He has 20 years of experience as a business journalist, researcher, copy editor and translator, covering topics including economic policy, politics and energy.

Balázs Szládek

Content Editor

Balázs enjoys the challenge of explaining difficult subjects in plain English, helping would-be investors navigate the field of financial markets. He has 20 years of experience as a business journalist, researcher, copy editor and translator, covering topics including economic policy, politics and energy.

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

Share

Comments

Top 2 brokers for investing in stocks from the Seychelles

Interactive Brokers Zacks Trade
×