Review
Updated
There are many foreign stocks that trade on U.S. stock exchanges or are available to be purchased over the counter in U.S. dollars. However, there are thousands of great companies around the world you can't buy directly on major U.S. exchanges. Investing internationally can open up new opportunities and help diversify your portfolio. If you want to invest in a stock that isn't available on a U.S. exchange, you'll need a broker that gives you access to international stock exchanges through its platform.
Here's what you need to know before choosing an international broker. We'll also give you our picks for the best brokers for international trading to help you get started.
Compare our best brokers for international trading
| Broker/Advisor | Best For | Commissions | Next Steps | |
|---|---|---|---|---|
 2024 Award Winner
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Best For:
Experienced international stock investors who want to keep expenses to an absolute minimum. |
Commission:
As low as $0 stock trades |
|
2024 Award Winner
Rating image, 5.0 out of 5 stars.
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Rating image, 5.0 out of 5 stars.
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Best For:
Investors who want a full-featured brokerage experience, but don't want to open a separate account to trade on international exchanges. |
Commission:
$0 commission for online U.S. stock and ETF trades; trade fractional shares for as little as $1 |
|
2024 Award Winner
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Best For:
Investors who love the full-featured experience of Schwab's investment platform and want the ability to occasionally buy and sell stocks directly on foreign markets. |
Commission:
$0 stock, ETF, and Schwab Mutual Fund OneSource® trades |
How to choose the best international trading platform
To help start your search for the best brokers for international trading, here are a few questions to ask yourself:
- Do you plan to be an active trader of international stocks? If so, you may want a broker with a sophisticated trading platform.
- Are you an experienced international stock investor? If you aren't, perks like tutorials and educational features from online brokers may be important to you.
- Do you plan to use margin to buy stocks? Not all brokers allow this with international stocks.
- Do you want access to research? You may need to choose between keeping commissions and fees at a minimum, or having a broker with tons of educational research and other features.
- Do you want to buy international stocks in a retirement account like a traditional or Roth IRA? Not all brokers offer this.
It's also worth noting that most brokers will allow you to "test drive" the platform with a play money trading account.
There's no one-size-fits-all "best online broker to trade stocks internationally" that works for everyone. It depends on what features matter most to you.
Show More [ + ]
Open Account for Interactive Brokers
On Interactive Brokers' Secure Website.
Ratings Methodology
2024 Award Winner
2024 Award Winner
2024 Award Winner
2024 Award Winner
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Best
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= Excellent
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Interactive Brokers has the largest selection of foreign markets available by far. Commissions are priced on a per-share basis and are almost always the lowest in the industry for international trading. Currency conversion fees are also far lower than the competition -- at 0.2% for most cases. On top of all these perks, Interactive Brokers offers a feature-packed platform, especially when it comes to educational and research materials for newer investors.
Fees:
As low as $0 stock trades
Account Minimum:
$0
Open Account for Interactive Brokers
On Interactive Brokers' Secure Website.
2024 Award Winner
Rating image, 5.0 out of 5 stars.
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Best
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= Excellent
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= Good
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= Fair
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= Poor
= Best
= Excellent
= Good
= Fair = PoorBottom Line
Fidelity offers international stock trading in non-retirement accounts on 25 international stock markets in their local currencies. The platform offers tools such as international news feeds and independent research about foreign stocks. And unlike some other brokers, Fidelity allows trading on both U.S. and foreign stock exchanges in the same account. Commissions aren't the lowest in the industry and are priced in the exchange's local currency but are on par with most competitors. There are also currency exchange fees ranging from 0.2% to 1%, depending on the amount of currency being converted.
Fees:
$0 commission for online U.S. stock and ETF trades; trade fractional shares for as little as $1
Account Minimum:
$0
Open Account for Fidelity
On Fidelity's Secure Website.
2024 Award Winner
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Best
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= Excellent
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= Good
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= Fair
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= Poor
= Best
= Excellent
= Good
= Fair = PoorBottom Line
A Schwab Global Account allows investors to trade directly on 12 foreign markets in their local currencies. There is no account minimum, and Schwab has special global investing customer service available 24 hours a day during the week. Trading commissions vary based on the exchange and are priced in local currency, but generally fall into the $10 to $20 range in U.S. dollars. There's also a foreign currency conversion fee that ranges from 0.20% to 1%, depending on the dollar amount. Technically, this is a separate account from a standard Schwab brokerage account, but it's fairly easy to transfer funds between them.
Fees:
$0 stock, ETF, and Schwab Mutual Fund OneSource® trades
Account Minimum:
$0
What is an international stock broker?
An international stock broker is a broker based in the United States that allows customers to buy and sell stocks directly on foreign stock exchanges. Just to name a few common examples, international stock brokers often let customers trade in markets such as:
- U.K.
- Canada
- Australia
- France
- Hong Kong
- Japan
- Netherlands
- Singapore
This is not to be confused with foreign stock trading, or foreign ordinary share trading. This refers to stocks that list on a foreign exchange, but also trade on the over-the-counter (OTC) market through U.S. brokers. Examples of foreign ordinaries that trade over-the-counter in the U.S. are Samsung, Nissan, and Nestle, just to name a few of this type of stock.
Some brokers allow for international stock trading within an ordinary brokerage account. Others require customers to open a separate account to place trades on foreign markets. Some require funds to be converted into local currencies before trading. Others do it automatically as part of the transaction. Some brokers allow international stock trading in many types of accounts. Others restrict it to non-retirement accounts only.
What's more, some have actual international trading. Others (E*TRADE, for example) will allow customers to call and specifically request a foreign stock purchase, but don't have a dedicated online platform for global trading.
What fees are associated with international stock trading?
While most brokers have done away with commissions on online stock trading, that typically only applies to stocks that trade on major U.S. exchanges -- NYSE, NASDAQ, OTC. And as we've mentioned, there are quite a few international stocks that trade on all of these -- for example, you can buy stock in non-U.S. food conglomerate Nestle on the OTC exchange with no need to open an international brokerage account.
That said, there are thousands of stocks you can only buy on their home exchanges or on other exchanges around the world. And if you buy or sell stocks on international exchanges, you should expect to pay a trading commission for the service.
Some brokers (Interactive Brokers is one of them) charge foreign-trading commissions based on a percentage of the trade amount. For example, to trade in Australia, investors with less than $3 million in monthly volume will pay 0.08% of each trade value in commissions. In other cases, the commissions are denominated in local currencies, so they may change over time. As one example, Schwab currently charges £9 for trades on U.K.-based exchanges. As of early May 2022, this translates to about $11.25 per trade in U.S. dollars, but exchange rates fluctuate constantly. So, not only should you expect to pay a commission, but your trading commissions won't be the same for every trade.
You might also have to pay foreign currency conversion fees. After all, if you're buying stock on a foreign exchange, you need to do so in the exchange's local currency. It is reasonable to expect a fee of 0.20%-1% for converting your currency through a broker.
Do all stock brokers allow international trading?
The short answer is "kind of."
All of the best stock brokers allow investors to buy shares of non-U.S. companies, as long as their shares are listed on U.S. exchanges. For example, Shopify is listed on the NYSE even though it is based in Canada. MercadoLibre trades on the Nasdaq but is based in Argentina. And payment giant Adyen trades as an American Depository Receipt (ADR) on the over-the-counter markets in the United States, as do Samsung and Nestle.
However, surprisingly few brokers allow their customers to invest directly on foreign stock exchanges. And some that used to -- E*TRADE for example -- no longer offer the service. So, if you want to buy shares of foreign companies that don't trade anywhere on the U.S. exchanges, your options may be rather limited.
How do I buy stocks internationally?
The exact process for entering orders varies by broker, but the general procedure is:
- Find an online broker that allows online trading on international stock exchanges. Be sure to check that any specific international markets you're interested in are available. Some offer a relatively small selection of international stock exchanges to choose from, while others have a list of dozens of international markets that are available.
- Open a brokerage account. Check the brokerage's website for the specific account opening procedures.
- Fund your account. Depending on your broker's system, you may need to convert your U.S. dollars into the local currency of whatever stock exchange you wish to trade on.
- Do your research and buy your international shares.
It's also worth noting that many brokers have rules specifically for international trading (such as margin requirements), and many foreign stock markets have their own rules that may apply.
Our Brokerages Expert
Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for The Ascent and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column ("Ask a Fool") that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.
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Brokerages we evaluated for consideration on this page: Acorns, Ally Invest, Axos Self-Directed Trading, Betterment, Cash App Investing, Charles Schwab, Delphia, Domain Money, Ellevest, Empower, eToro Brokerage, E*TRADE Core Portfolios, E*TRADE, Fidelity, Fidelity Cash Management, Fidelity Go®, Firstrade, FOREX.com, Interactive Brokers, J.P. Morgan Self-Directed Investing, M1 Finance, Magnifi, Marcus Invest, Merrill Edge® Self-Directed, moomoo, NinjaTrader, Personal Capital, Plynk, Prosperi Academy, Public, Robinhood, Rocket Dollar, Schwab Intelligent Portfolios, SoFi Active Investing, SoFi Automated Investing, Stash, Stockpile, Tastytrade, Titan, Tornado App, TradeStation, Tradier, Vanguard, Vanguard Digital Advisor®, Wealthfront, Webull, Zacks Trade.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
Charles Schwab is an advertising partner of The Ascent, a Motley Fool company. Ally is an advertising partner of The Ascent, a Motley Fool company. Matt Frankel has positions in Ally Financial. The Motley Fool has positions in and recommends Axos Financial, Charles Schwab, and Target. The Motley Fool recommends Interactive Brokers Group and recommends the following options: short March 2024 $65 puts on Charles Schwab. The Motley Fool has a disclosure policy.
Fidelity disclosure
Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00)