To sum up, you can open a trading account at an international broker by law, but it is up to the broker whether they provide the service in your country. Let's go further. One advantage of having an international broker account is the foreign market access.
Is it illegal to trade with offshore brokers?
Binary options brokers are regulated by SEC and the Commodity Futures Trading Commission (CFTC). Brokers cannot offer binary options to US-based traders without the necessary licensing. USA traders are permitted to use offshore brokers without fear of prosecution, but they do so at their own risk.
Is using an unregulated broker illegal?
Yes, unregulated brokers are safe to trade won't say all unregulated brokers but there are many reputed unregulated brokers and also being a regulated broker does not guarantee the security of client funds.
Which stock broker is best for international trading?
- Interactive Brokers - Best overall, 184 countries.
- TradeStation - 156 international countries.
- Firstrade - 21 international countries.
Which app is best for international trading?
- Fidelity - Best Stock App for Investors.
- E*TRADE - Best App for Options.
- TD Ameritrade - Best Stock App for Traders.
- Interactive Brokers - Best Stock App for Professionals.
- Merrill Edge - Great for Stock Research.
How do you trade stocks internationally?
- Buy individual stocks directly on international exchanges. To do this, however, your brokerage account must give you access to these exchanges—and not all brokerages do. ...
- Access international stocks via American Depository Receipts (ADRs). ...
- Invest internationally through ETFs and/or mutual funds.