Saxo Bank

List of the Top Platforms to Invest in Foreign Platforms

1. Interactive Brokers...

1. Interactive Brokers

Multinational brokerage firm Interactive Brokers LLC is based in the United States. Based on the quantity of average revenue trades made each day, it runs the biggest electronic trading platform in the US. It also provides the user with a simple mobile trading app so that they access their account anytime, anywhere. It has a total of $14.1 billion in equity capital as of 2023. Every day, the Interactive Brokers Group and its affiliates complete about 1,907,000 trades. Users can trade in a variety of products such as stocks, options, futures, currencies, bonds, gold, crypto and funds worldwide. The average trade volume is approx 1.29M....

2. Charles Schwab

American multinational financial services provider The Charles Schwab Corporation was founded in 1946. It provides retail and institutional clients with banking, commercial banking, investing, and associated services like consulting and wealth management advisory services. They have 2,000+ listed commission-free ETFs and 4,000+ no-load, no-transaction-fee mutual funds on there platform. Investor can also learn about trading form their daily exclusive live educational content. It has an average trade volume of 9.89M. Charles Schwab is the only broker to rank in the top three for 11 years continuously. It has been serving more than 34.8 million accounts....

3. Fidelity Investments

Fidelity Investments is a brokerage company based in Boston, Massachusetts that manages a sizable family of mutual funds. It offers retirement services, index funds, asset custody, asset execution and clearing, wealth management, and fund distribution and investment advice. In 2023, Fidelity was awarded Best Online Broker by Barron’s. They have over 43 million individual investors. They have more than 200 Investor Centers in the U.S. and 13 regional sites across the globe, including India. They have $4.4 Trillion in total discretionary assets. They also provide the fractional shares trading in over 7000 U.S. stocks and ETFs....

4. Zerodha

Zerodha makes it simple for everyone to participate in the world of online trading by acting as a kind mentor. With its user-friendly platform, it’s like an innovator that revolutionized the way Indians can invest in stocks, making it easier for beginner and experienced investors equally. It is contributing more than 15% of the total trading volume of a India. They have platform named varsity where you can find blogs related to the financial market. They provide Zerodha Streak for the algo trading for their users. They have a total of 5 million clients. It come with modern tools for backtesting the strategies and has some in-built trading strategies....

5. Saxo Bank

Saxo Bank is an online trading and investment bank based in Denmark. In 1992, it was established as a brokerage firm. Saxo offers the top online trading platform that links traders and investors to international financial markets. It serve more than 260,000 trades daily and has more than USD 100 billion in client assets. They serve more than 200 million OpenAPI requests per day. over 70,000 instruments to help investors make the right decisions about their investments according to their goals....

6. Firstrade

Firstrade Securities is a stock brokerage firm and broker-dealer based in Flushing, New York. It is a member of FINRA and SIPC. It allows you to trade so many financial assets such as stocks, exchange-traded funds, options, mutual funds, and bonds. They offer extended hours trading from 8am-8pm. Firstrade was awarded 4.5 stars out of five by StockBrokers.com in 2019. We can confidently assume they have more than 600,000 customers. It is among the few platforms that doesnot charge a per-contract fee for options trades. It would be great for people who speak Chinese because platform also support chinese....

7. Ally Invest

A simple platform for trading stocks and other financial instruments is offered by Ally Invest. With an emphasis on affordability and ease of use, Ally Invest provides a welcoming entry point into the realm of online investing. They have a total of $196 billion in assets as of December 2023. They have trust of 11m+ investors across world. You can have a personal investment plan with only $100,000 in Ally Investment. They have approximately 523K customer brokerage accounts, totaling $15.2 billion in assets. You can move up to $250k from ally to ally invest and vice versa. There is no minimum deposit amount for self-directed accounts, but for robo-portfolios, it requires a $100 initial minimum deposit....

8. Upstox

Upstox welcomes investors to a smooth and intuitive trading environment where purchasing and selling stocks becomes simple. Upstox is a cutting-edge partner for novice investors as well as experienced traders thanks to its user-friendly interface and competitive features. You can create a basket order with maximum of 10 orders per basket. Mr. Ratna Tata is one of the top investor in the platform. The net worth of Upstox is USD 3.4 billion as of 2023. It use Secure Socket Layer (SSL) encryption to secure the communication between users and the platform....

9. TD Ameritrade

TD Ameritrade provides an electronic trading platform where you can trade financial assets such as mutual funds, fixed-income investments, exchange-traded funds, futures contracts, options, and common stocks. It also offers cash management services and margin lending. They have different account types for different investment goals, such as standard accounts, retirement accounts, and margin trading. It provides each investor with $149.5 million worth of protection for securities. The technology that TD Ameritrade uses is so optimised that orders placed with it are typically filled in 0.04 seconds. They have a total of $1 trillion of assets under management. It serve more than 500k trades per day....

10. Degiro

Degiro gives you access to a wide range of foreign investments and opens doors for a reasonably priced international market entry. Additionally, Degiro offers a user-friendly platform for investing in the international stock market that prioritizes affordability and ease of use. Get access to over 50 exchanges worldwide. More than 2.5 millions investors worldwide use this platform. The minimum transaction value on this is EUR 1000 (1,080 USD). Globally, They have received more than 100 awards....

Fee Chart of Platforms to Invest in Foreign Stocks

Platform/Pricing Account Opening Fees Stock Trading Fees per order EFT’s Fees Option Trading fees per contract Interactive Brokers No $0.0005 to 0.0035 $0.15 to 0.65 $0.25 to 0.85 Charles Schwab No No No $0.65 Fidelity Investments No No No $0.65 Zerodha No No No $0.24 Saxo Bank 0.12% $0.25 $0.25 $1.25 Firstrade No No No No Ally Invest No No No $0.5 Upstox No $0.24 $0.24 $0.24 TD Ameritrade No No No $0.65 Degiro No $2.16 $1.08 $0.81...

Conclusion

Investors exploring opportunities in foreign stocks have a wealth of options with these top 10 platforms. Consider your specific investment goals, preferred features, and fee structures when choosing the platform that aligns best with your needs. Maintaining up with market developments and knowing the specifics of each platform will enable investors to make wise choices as the global investing scene changes. So, what are you waiting for? Start investing now....