Best trading platform for non-US, non-EU citizens for 2022

To help you find the best trading platform for non-US, non-EU citizens in 2022, we went ahead and did the research for you. We selected 103 quality online brokers and tested them with real accounts. We scrutinized their web, mobile and desktop trading platforms, as well as their research tools. And now, without further ado …

Our top picks for brokers with the best trading platforms for non-US, non-EU citizens in 2022:

  1. Saxo Bank, Danish investment bank
  2. Oanda, US forex broker
  3. NinjaTrader, Global platform provider focusing on futures trading
  4. CMC Markets, Global CFD broker

All 4 brokers cater to for non-US, non-EU citizens and provide great trading platforms. To narrow down the options, we also drew up separate top 2 lists for web, mobile and desktop trading platforms.

Best stock brokers in 2022 in the US
 Saxo BankFusion MarketsCMC MarketsInteractive BrokersCapital.com
EURUSD spread0.80.00.70.10.6
GBPUSD spread1.30.20.90.31.3
AUDUSD spread0.80.00.70.10.6
EURCHF spread1.40.62.50.42.2
EURGBP spread1.40.31.10.21.5

What makes an excellent trading platform? First of all, it needs to be user-friendly. In addition, it should have the following functionalities:

  1. safe login
  2. quality search functions
  3. wide selection of order types
  4. customizability
  5. price alerts and order notifications
  6. clear fee and portfolio report
  7. quality research tools

Although the level and structure of fees brokers charge was not a selection criteria, we added relevant data on this aspect of their services as well to give you a more comprehensive view of the featured brokers.

The above requirements are easy to list, but hard to figure out. We tested brokers along close to 500 criteria with real accounts and real money. Our assessment is based on first-hand experience. You can find the ranking criteria in our methodology..

And now, let’s see the best trading platforms for non-US, non-EU citizens in 2022 one by one.

#1 Best trading platform for non-US, non-EU citizens

Saxo Bank

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK’s Financial Conduct Authority (FCA).

Saxo Bank is a global service provider and as such it operates a number of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Markets UK.

Being regulated by top-tier financial authorities, having a long track record and a banking background are all good signs for Saxo Bank’s safety.

HEADS UP: Recent issues with account opening – Saxo Bank seems to have a delay in sending you a crucial URL needed to start your account opening. For more info, see Saxo Bank account opening issues in the review’s ‘Account opening’ chapter. Don’t want to wait to open an account? Check out some Saxo Bank alternatives.

Recommended for investors and traders looking for a great trading platform and solid research

#1 Saxo Bank

Mobile trading platform

Saxo Bank’s user-friendly mobile app has the same look and very similar functionalities as the web platform.

ProsCons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service


#1 Saxo Bank

Desktop trading platform

Saxo Bank’s user-friendly mobile app has the same look and very similar functionalities as the web platform.

ProsCons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service


#1 Saxo Bank

Web trading platform

Saxo Bank’s web trading platform is one of the best on the market. Easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.

ProsCons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service


#1 Saxo Bank

Research

Saxo Bank’s research services have well-developed tools for both fundamental and technical analysis, including recommendations and user-friendly interactive charting.

ProsCons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service
#2 Best trading platform for non-US, non-EU citizens

Oanda

Oanda is a US-based forex broker founded in 1996. It is a private company and therefore not listed on any stock exchange.

Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) and the UK’s Financial Conduct Authority (FCA).
 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The services offered by Oanda’s various entities differ slightly. In this review, we mainly focus on the UK one.

Recommended for forex traders who value a user-friendly platform and great research tools



#2 Oanda

Mobile trading platform

Oanda’s mobile platform is similar to the web trading platform in functionality, and as a plus, you can also set price alerts.

ProsCons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service


#2 Oanda

Desktop trading platform

Oanda’s desktop platform mimics the web platform in terms of functionality, meaning lots of user-friendly functions but no price alerts.

Pros Cons
User Friendly  No price alerts
Clear fee report
Good customizability (for charts, workspace)

Best trading platform for non-US, non-EU citizens in 2022 – Oanda trading platform

#2 Oanda

Web trading platform

Oanda’s web trading platform is user-friendly and safe with good customizability. On the downside, you can’t set price alerts.

Pros Cons
User Friendly  No price alerts
Clear fee report
Good customizability (for charts, workspace)

Best trading platform for non-US, non-EU citizens in 2022 – Oanda trading platform

78.3% of retail CFD accounts lose money

#2 Oanda

Research

Oanda has a wide range of research tools, including news, technical analysis and an API. However, these features are poorly organized on the site.

ProsCons
User Friendly  No price alerts
Clear fee report 
Good customizability (for charts, workspace) 

Best trading platform for non-US, non-EU citizens in 2022 – Oanda trading platform

78.3% of retail CFD accounts lose money

#3 Best trading platform for non-US, non-EU citizens

NinjaTrader

Oanda is a US-based forex broker founded in 1996. It is a private company and therefore not listed on any stock exchange.

Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) and the UK’s Financial Conduct Authority (FCA).
 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The services offered by Oanda’s various entities differ slightly. In this review, we mainly focus on the UK one.

Recommended for forex traders who value a user-friendly platform and great research tools

#3 NinjaTrader

Mobile trading platform

At the time of the review, NinjaTrader provided only a desktop platform. We think that a mobile trading platform is a big miss as traders can’t follow their positions on the go. Similarly to the web platform, the only way to use a mobile trading platform along with NinjaTrader is to connect an external brokerage account, such as an account with Interactive Brokers or Oanda.

#3 NinjaTrader

Desktop trading platform

NinjaTrader’s desktop platform is great for active traders: highly customizable with many advanced features. However, it might feel complicated at first, and also lacks a two-step login.

Pros Cons
User Friendly  No price alerts
Clear fee report
Good customizability (for charts, workspace)

Best trading platform for non-US, non-EU citizens in 2022 – Oanda trading platform

#3 NinjaTrader

Web trading platform

At the time of the review, NinjaTrader provided only a desktop platform. The only way to use a web trading platform along with NinjaTrader’s desktop trading platform is if you connect an external brokerage account, with a broker like Interactive Brokers or Oanda.

#3 NinjaTrader

Research

NinjaTrader has great research tools for technical trading. Charts are easy to use and have many indicators. Unique features include strategy back-testing and automated trading tools.

Pros Cons
User Friendly  No price alerts
Clear fee report
Good customizability (for charts, workspace)

Best trading platform for non-US, non-EU citizens in 2022 – Oanda trading platform

#4 Best trading platform for non-US, non-EU citizens

CMC Markets

Oanda is a US-based forex broker founded in 1996. It is a private company and therefore not listed on any stock exchange.

Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) and the UK’s Financial Conduct Authority (FCA).
 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The services offered by Oanda’s various entities differ slightly. In this review, we mainly focus on the UK one.

Recommended for forex traders who value a user-friendly platform and great research tools

76% of retail CFD accounts lose money

#4 CMC Markets

Mobile trading platform

The CMC Markets app shares the strengths of the web platform: a modern design with a strong order panel and search functions as well as safe two-step login.

Pros Cons
User Friendly  No price alerts
Clear fee report
Good customizability (for charts, workspace)

Best trading platform for non-US, non-EU citizens in 2022 – Oanda trading platform

76% of retail CFD accounts lose money

#4 CMC Markets

Desktop trading platform

CMC Markets doesn’t have its own desktop platform, leaving you with MetaTrader 4 as your only option. In design and functionality, MT4 is way behind CMC’s web platform.

Pros Cons
User Friendly  No price alerts
Clear fee report
Good customizability (for charts, workspace)

Best trading platform for non-US, non-EU citizens in 2022 – Oanda trading platform

76% of retail CFD accounts lose money

#4 CMC Markets

Web trading platform

CMC’s ‘Next Generation’ platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. Two-step authentication is available for login.

Pros Cons
User Friendly  No price alerts
Clear fee report
Good customizability (for charts, workspace)

Best trading platform for non-US, non-EU citizens in 2022 – CMC Markets trading platform

76% of retail CFD accounts lose money

#4 CMC Markets

Research

CMC’s research tools are useful for both beginners and advanced traders. They include charting tools for detailed technical analysis, and news feeds to aid fundamental analaysis.

Pros Cons
User Friendly  No price alerts
Clear fee report
Good customizability (for charts, workspace)

Best trading platform for non-US, non-EU citizens in 2022 – CMC Markets trading platform

76% of retail CFD accounts lose money

Best trading platform for non-US, non-EU citizens in 2022

Comparing broker fees

Fees were not a selection factor but we wanted to help you see how much you have to pay if you want to sign up with any of the brokers that offer the best trading platforms for non-US, non-EU citizens.

If your primary focus is only fees, we recommend you check out our list featuring the best discount brokers.

To recap some of the most important aspects of fees, let’s go over some lingo first. What you need to keep an eye on are trading fees and non-trading fees.

You can compare below the trading fees of the 4 featured brokers with regard to the biggest stock markets, the most popular currency pairs and CFDs as well as some non-trading fees.

Best trading platforms for non-US, non-EU citizens in 2022 – Trading fees
 Saxo BankFusion MarketsCMC MarketsInteractive BrokersCapital.com
EURUSD spread0.80.00.70.10.6
GBPUSD spread1.30.20.90.31.3
AUDUSD spread0.80.00.70.10.6
EURCHF spread1.40.62.50.42.2
EURGBP spread1.40.31.10.21.5

The difference in trading fees can be enormous even if you want to do a simple US stock trade. For more information on how the fees of different brokers stack up against each other, check out our ultimate comparison table.

Now, let’s take a look at non-trading fees as well.

Best trading platforms for non-US, non-EU citizens in 2022 – Non-trading fees
 Saxo BankFusion MarketsCMC MarketsInteractive BrokersCapital.com
EURUSD spread0.80.00.70.10.6
GBPUSD spread1.30.20.90.31.3
AUDUSD spread0.80.00.70.10.6
EURCHF spread1.40.62.50.42.2
EURGBP spread1.40.31.10.21.5
Best trading platform for non-US, non-EU citizens in 2022

Keep in mind – safety

BrokerChooser recommends only quality brokers, so you can be sure that none of the listed online brokers is a scam. In order to be sure, we check roughly 20 safety-related criteria, such as regulation, investor protection and the transparency of the broker’s financials. All the brokers you find on BrokerChooser are regulated by at least one top-tier financial authority.

The investor protection amount differs from country to country, so it is worth checking it before you open an account.

Best trading platform for non-US, non-EU citizens in 2022

Bottom line

Now that you have seen the details, let’s zoom out. Here are the best trading platforms for non-US, non-EU citizens in 2022:

Best trading platform for non-US, non-EU citizens in 2022

Interactive Brokers Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. Visit broker
Alpaca Trading Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA: Visit broker
TradeStation Global TradeStation Global is an introducing broker of Interactive Brokers. This practically means that assets and cash are held with Interactive Brokers, but services like fees and customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA. Visit broker
Zacks Trade Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash). Visit broker
Saxo Bank Saxo Bank is a Danish investment bank. It is regulated by several financial authorities globally, including the top-tier UK FCA. Visit broker

Still unsure? Use the broker finder tool to find the best broker for your needs or learn more about investing your money.

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