Here are some of the most common brokers available globally and my opinion about them: (I have used them personally)
Interactive Brokers (IBKR)
Who is it for?
Best for traders but suitable for everyday investors if you’re not inclined to a bit of complex UI.
Pros
- Best market coverage
- Best currency exchange rate
- Best trading tools
- Low fees
- Lots of technical indicators
Cons
- Not user-friendly user interface
- Have to apply for every instrument individually
Charles Schwab
Who is it for?
Long-term or value investors.
Pros
- Free orders for most ETFs and US stocks
- Great customer service with real humans to pick up the line
- For US citizens you have auto-invest features
- Easy-to-understand interface
Cons
- Stricter requirements if you want to have options feature enabled
- Some features are US citizen-only
- Only US Stocks
- Not as feature-rich as IBKR
Read More – My Three Years Review With Charles Schwab
#TD Ameritrade is going to merge with Charles Schwab so it’s not included in the list here.
Webull
Who is it for?
Investors and traders who want a cleaner UI but still feature-packed.
Pros
- Free orders for most ETFs and US stocks
- Easy-to-understand interface
- Low requirements for enabling options feature
Cons
- US stocks only, in some cases HK, Japan, etc. Not comparable to IBKR.
#Mother company is in China, and trading US stock has an underlying risk. (Just my take). You can look up Futu/Moomoo – a public Chinese company listed on Nasdaq that provides trading on the US market plummeted because of China government interference.
More will be added to the list…
