An
international stock broker refers to individual brokers or a brokerage firm that has an international footing. These stock brokers provide services on an international basis. While keeping with the trends of globalization, the brokers are also looking to provide services on an international level, spread and reach out to the world. The international stock brokers buy and sell shares as per the instructions of their clients. They also provide recommendations and expert advice based on the financial goals of the investors.
The international stock brokerage firms provide direct access to important option, equity and futures exchanges worldwide. The investors, by availing of the services of these brokerage firms, can trade from one single trading system and a single trading account. International stock broking has been benefited hugely from the prowess of the Internet in recent years. The online services have increased the scope of international stock trading by many notches. The rates on offer for international stock trading are also quite attractive. The services of international stock brokers are useful for the following:
- Investment clubs
- Investment professionals
- Individual investors
- Hedge fund managers
- Money managers
The names and broad services provided by some of the international stock brokerage firms are as follows:
Ameritrade: This stock brokerage company requires no fee IRAs. The market and limit orders are $10.99. The minimum account for investors taking the service of this firm is $2000.
Interactive Brokers: The minimum account needed here is $2000. The market and limit orders are one cent for each share
Trading Direct: No matter what the number of shares is, this firm has limit and market orders of value $9.95. No minimum account is required in this firm, which has a presence in more than 200 countries.
Schwab International: This firm is a good option for non-residents of the United States who are looking for web access to the various stock markets of America.
Schwab Asia: This company provides its services to the investors from the Asia Pacific region looking to invest in the US and international market.
Some of the other international stock brokerages are Noble Trading, Firefly Trading, Southeast trading and many others.