United States
Best international online brokers in the United States in 2023 Adam Nasli
- Adam Nasll
Dive into our top list of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.
Table of contents
- Intro and winners
- International online brokers key info
- Fee comparison at the best online brokers in the US
- Other fees at international online brokers
- Can I trust these online brokers in the United States?
- Financial market regulation and safety in the US
- Taxation of trading in the US
- Our assessment of best international online brokers
- Interactive Brokers
- eToro
- TD Ameritrade
- Merrill Edge
- Charles Schwab
- Webull
- J.P. Morgan Self-Directed Investing
- Fidelity
- Alpaca Trading
- moomoo
- Didn’t find the best broker for you?
- How did we select the best international online brokers in the United States in 2023?
- FAQ
Find below the pros of best brokers available in , updated for 2023:
- Interactive Brokers is the best international online brokers in in 2023. – Low trading fees and high interest (up to 4.83% for USD) on cash balances. Wide range of products. Many great research tools.
- Saxo Bank – Great trading platform. Outstanding research. Broad product portfolio. High interest on uninvested cash.
- Alpaca Trading – Great API trading service. Free stock & ETF trading. Fantastic charting tools.
- tastytrade – Low trading fees. Great educational materials. Good research tools.
- Admirals (Admiral Markets) – Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- TradeStation – Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
- Swissquote – Access to many markets and products. No inactivity fee. Rock-solid background.
- Tickmill – Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
- IC Markets – Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
- Pepperstone – Fast and fully digital account opening. Great customer service. Seamless and free deposit and withdrawal.
Top brokers
Popularity of the best online brokers in
Interested in what others think? Here’s how many people chose these brokers at BrokerChooser in the last 6 months.
Popularity
Financial market regulation in
Online brokers and trading platforms that serve citizens are regulated, licensed and overseen by the Securities and Exchange Board of or SEBI, the country’s financial markets regulator. The SEBI and the Reserve Bank of (RBI) are responsible for issuing licenses to these brokers and ensuring that their activities comply with existing regulations.
SEBI has implemented several regulations to ensure that all participants in the financial markets are protected and the markets are free from manipulation. Despite these efforts, unregulated and illegal platforms that make promises of high or exorbitant profits are quite widespread in
As a general rule, if something sounds too good to be true, it most often is. Do not expect to become a millionaire overnight by trading stocks or forex or CFDs. You may easily end up losing all your invested money if you start working with an unregulated or scam broker.
All the brokers featured in our top list are registered with at least one top-tier regulator and are licensed to operate in
Taxation of stock trading in
Capital gains realized through stock trading are subject to income tax in The tax office makes a distinction between:
- Short-term capital gains and
- Long-term capital gains.
Short-term capital gains are realized when an trader sells the shares within 12 months of purchasing them and the sales price is higher than the purchase price. The income tax rate applicable to short-term capital gains is 15%.
If the trader sells the stocks after 12 months of purchase and makes a capital gain of more than Rs.1 lakh on the sale, the profit will attract a long-term capital gains tax of 10%. The tax applies to shares traded outside of as well.
If a trader buys/sells shares within the same trading day (i.e. engages in intraday trading), the gains will be treated as business income and taxed according to the income tax slab of the trader.
And now, let’s see the top international online brokers for residents in in 2023 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 | |
|---|---|
|
Minimum deposit |
$2,000 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
Bank transfer
|
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Interactive Brokers services, check out our review for 2023 |
Recommended for investors and traders looking for a great trading platform and solid research
| Saxo Bank snapshot | |
|---|---|
|
Minimum deposit |
$2,000 |
|
Fees class |
Average
|
|
Deposit method |
Bank transfer, Credit/debit cards |
|
Withdrawal methods |
Bank transfer
|
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
Yes |
|
Read review |
For a detailed analysis of Saxo Bank services, check out our review for 2023 |
Recommended for traders interested in algorithmic stock trading
| Alpaca Trading snapshot | |
|---|---|
|
Minimum deposit |
$0 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
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 |
Recommended for options and futures traders focusing on us markets
| tastytrade snapshot | |
|---|---|
|
Minimum deposit |
$0 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
Bank transfer
|
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of tastytrade services, check out our review for 2023 |
Recommended for forex traders who are familiar with the metatrader trading platforms
| Admirals (Admiral Markets) snapshot | |
|---|---|
|
Minimum deposit |
$100 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
Yes |
|
Read review |
For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2023 |
Recommended for traders focusing on us markets and buy-and-hold investing
| TradeStation snapshot | |
|---|---|
|
Minimum deposit |
$100 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
Bank transfer |
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
Yes |
|
Read review |
For a detailed analysis of TradeStation services, check out our review for 2023 |
Recommended for affluent investors who value safety and are ok with higher fees
| Swissquote snapshot | |
|---|---|
|
Minimum deposit |
$100 |
|
Fees class |
High |
|
Deposit method |
Bank transfer, Credit/debit cards |
|
Withdrawal methods |
Bank transfer |
|
Withdrawal fee |
$10 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Swissquote services, check out our review for 2023 |
Recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
| Tickmill snapshot | |
|---|---|
|
Minimum deposit |
$100 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal |
|
Withdrawal fee |
$0 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Tickmill services, check out our review for 2023 |
Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
| IC Markets snapshot | |
|---|---|
|
Minimum deposit |
$200 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna |
|
Withdrawal fee |
$0 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of IC Markets services, check out our review for 2023 |
| Pepperstone snapshot | |
|---|---|
|
Minimum deposit |
$0 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID |
|
Withdrawal fee |
$0 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Pepperstone services, check out our review for 2023 |
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How did we select the best international online brokers 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.
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Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser’s unique methodology.
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Which are the best online brokers in
The top online brokers in in 2023 are:
- Interactive Brokers – Low trading fees and high interest (up to 4.83% for USD) on cash balances. Wide range of products. Many great research tools.
- Saxo Bank – Great trading platform. Outstanding research. Broad product portfolio. High interest on uninvested cash.
- Alpaca Trading – Great API trading service. Free stock & ETF trading. Fantastic charting tools.
- tastytrade – Low trading fees. Great educational materials. Good research tools.
- Admirals (Admiral Markets) – Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- TradeStation – Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
- Swissquote – Access to many markets and products. No inactivity fee. Rock-solid background.
- Tickmill – Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
- IC Markets – Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
- Pepperstone – Fast and fully digital account opening. Great customer service. Seamless and free deposit and withdrawal.
Adam Nasli
Analyst Head
Author of this article
I bring extensive financial expertise as one of BrokerChooser’s earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.