Best Online Stock Brokers & Trading Platforms - 2021
Interactive Brokers
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Founded in 1978, Interactive Brokers is among the biggest US-based discount brokers. The broker is Considered safe as it has licenses from top-tier regulators, like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
Additionally, The Interactive Brokers’ long track record, reputation, and publicly disclosed financials are great signs for its safety.
Fee
Low
Account Minimum
Low
TradeStation
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Founded in 1982, TradeStation is US-based stock brokers. The broker is Considered safe as its parent company, the Monex Group is listed on the Tokyo stock exchange. The TradeStation is regulated by top-tier regulators, like the Financial Industry Regulatory Authority (FINRA) and the US Securities and Exchange Commission (SEC).
Additionally, The TradeStation’s long track record, reputation, and publicly disclosed financials are great signs for its safety.
Fee
Low
Account Minimum
Low
eTORO
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eTORO is a leader in the social trading platform established in 2007. The eTORO is an easy to use platform and you can open your account quickly. It is regulated by the Financial Conduct Authority (FCA) in the UK, Australian Securities and Investment Commission (ASIC) in Australia and the Cyprus Securities and Exchange Commission (CySEC).
eTORO is not listed on any stock exchange, does not disclose financial reports. It is regulated by top-tier regulators which are great signs for its safety.
Fee
Low
Account Minimum
Low
Swissquote
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Established in 1996 Swissquote is a Swiss Investment Bank. Swissquote has two entities: Swissquote Bank Ltd based in Switzerland and Swissquote Ltd based in the UK. The entity in Switzerland deals in trading stocks, funds, options, and Futures while the entity in the UK deals for CFDs and Forex. The Switzerland based entity (Swissquote Bank Ltd) is regulated by the Swiss Financial Market Supervisory Authority(FINMA) and The Uk base Swiss Ltd is regulated by the Financial Conduct Authority (FCA) in the UK.
Swissquote is listed on Swiss stock exchange, discloses financial reports, and has a long track record which are great signs for its safety.
Fee
High
Account Minimum
Low
plus500
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Founded in 2008 in Israel plus500 is a London stock exchange-listed Global CFD and forex broker. It is regulated by the Financial Conduct Authority (FCA) in the UK and Australian Securities and Investment Commission (ASIC) in Australia.
plus500 is listed on the stock exchange, discloses financial reports, and regulated by top-tier financial authorities which are great signs for its safety.
Fee
Low
Account Minimum
Low
Pepperstone
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Established in 2010, Pepperstone is an Australian forex broker that also offers some CFDs. To serve its European clients better Pepperstone opened its office in London in 2015. It is regulated by the Financial Conduct Authority (FCA) in the UK and Australian Securities and Investment Commission (ASIC) in Australia.
Fee
Low
Account Minimum
Low
Oanda
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Founded in 1996 Oanda, is an American forex broker. Oanda discloses financial reports and is regulated by top-tier financial authorities the Financial Conduct Authority (FCA) in the UK and US Retail Foreign Exchange Dealer (RFED) which are great signs for its safety.
Fee
Low
Account Minimum
Low
XTB
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With its headquarters in London and Warsaw XTB is a global CFD and forex broker. XTB is regulated by top-tier regulators, like the Financial Conduct Authority (FCA) in the UK and Polish Financial Supervision Authority (KNF).
Fee
Low
Account Minimum
Low
IC Markets
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Founded in 2007, IC Markets is an Australian forex broker. It is regulated by the top-tier financial authority Australian Securities and Investment Commission (ASIC).
Fee
Low
Account Minimum
Low
Trading 212
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Trading 212 is a Global CFD and FX broker that was founded in 2004 with headquarters in London. You can also invest in stock and ETF free of charge. It works under the regulations of the high-level financial authorities like the Bulgarian Financial Supervision Commission(FSC) and the UK Financial Conduct Authority (FCA).
Fee
Low
Account Minimum
Low
FP Markets
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FP Markets is an Australian CFD and forex broker founded in 2005. It is regulated by the top-tier financial authorities like the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
Fee
Low
Account Minimum
Low
XM
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Founded in 2009, XM’s parent company ‘Trading Point Holding’ is a global CFD and FX broker. It has two brands, XM and Trading.com. XM has a global presence and it is regulated by 3 top financial authorities like the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and the IFSC (International Financial Services Commission of Belize).
Fee
Low
Account Minimum
Low
AvaTrade
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Ava Trade was established in 2006. It is regulated by the Central Bank of Ireland
Fee
Low
Account Minimum
Low
Forex.com
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Established in 2001 Forex.com is a global CFD and FX broker. Forex.com is listed on the New York Stock Exchange under the brand name GAIN capital. It has a global presence and it follows the regulations of top-tier financial authorities like the Financial Conduct Authority in the UK or the US Commodity Futures Trading Commission (CFTC).
Fee
Low
Account Minimum
Low
City Index
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Established in 2001 Forex.com is a global CFD and FX broker. Forex.com is listed on the New York Stock Exchange under brand name GAIN capital. It has global presence and it follows the regulations of top-tier financial authorities like the Financial Conduct Authority in the UK or the US Commodity Futures Trading Commission (CFTC).
Fee
Low
Account Minimum
Low
HYCM
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HYCM was founded in 1977 and works under the regulations of multiple financial authorities like the Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority(FCA) Cayman Islands Monetary Authority (CIMA) and Dubai Financial Services Authority (DFSA).
Fee
Low
Account Minimum
Low
FXPRIMUS
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Founded in 2009 FXPRIMUS is a global FX broker. It follows the regulations of top-tier financial authorities like the Cyprus Securities and Exchange Commission (CySEC), Vanuatu Financial Services Commission (VFSC), and South African Financial Sector Conduct Authority (FSCA).
Fee
Low
Account Minimum
Low
easyMarkets
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Founded in 2001 easyMarkets is a global CFD and FX broker. It follows the regulations of top-tier financial authorities like the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investment Commission (ASIC).
Fee
Low
Account Minimum
Low
ThinkMarkets
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ThinkMarkets was founded in 2010 which works under the regulations of financial authorities like the Financial Conduct Authority (FCA) and Australian Securities and Investment Commission (ASIC).
Fee
Low
Account Minimum
Low
RoboForex
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Founded in 2009 RoboForex is a global CFD and FX broker. It follows the regulations of top-tier financial authorities like the Cyprus Securities and Exchange Commission (CySEC) and International Financial Services Commission of Belize(IFSC)
Fee
Low
Account Minimum
Low
Frequently Asked Questions
Q. Are there any brokerage charges levied?
A. Some brokers charge a minimum brokerage fee while some don’t charge anything.
Q. Do we need to open an account with the trading platform?
A. Yes. You need to open a trading account on the trading platform to start investing.
Q. How to add money to the brokerage account?
A. You can add it from your UAE debit or credit cards.
Q. Can I invest in any company stocks of my choice?
A. Yes. But ensure you check the history of the company and invest accordingly.
Q. Are the online investment platforms available at any time?
A. Yes. Online trading platforms are accessible 24*7.
Q.What are the factors to check before investing in any company stocks?
A. The key factors to check before investing in any company stocks are the company’s income statement, balance sheet, annual report, cash flow statement, and the history of their stock rates.
Q. Can we invest all the money in stocks?
A. No. It is always recommended to diversify your investments. Invest only a part of the amount in stocks and the rest of the money can be invested in other investment options.
Q. Is online trading legal in UAE?
A. Yes. Online trading is legal in the UAE.
Disclaimer: Note that the listed data is for informative purposes only. You must obtain professional advice before taking or refraining from any decision with respect to the investments. MyMoneySouq is not recommending any investment platform.