Below is a list of the most popular broker platforms the Tykr community uses. No matter where you live in the world, at least one of the brokers listed below should allow you to buy and sell stocks.
Q: What types of fees do brokers typically charge?
A: Fees can fall into the following categories.
- A commission based on buying or selling a single stock.
- A spread which is the difference between the buy price and the sell price.
- A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
- Non-trading fees. This includes fees such as deposits, withdrawals, and assisted trades where you call a customer service rep and have them help you place a trade.
For example, Robinhood says they are Commission-Free but they actually charge a fee of $0.000119 to sell a stock. Although they are not truly free, the commission is extremely small. Most brokers charge some sort of small fee like this which is totally fine. We’ll explain more below.
Q: Should you care about fees?
A: Short answer. No.
Tykr is a platform meant for investing not trading. With investing, you may complete a few trades per month whereas with trading you may complete a few trades per day. In other words, traders rack up fees whereas investors do not. If you ever heard the quote “Don’t step over dollars to chase pennies”, this is a perfect example. The effort of worrying about fees isn’t worth your time. Your investment returns will greatly outweigh the fractional pennies you pay to buy and sell stocks. We believe all brokers should be up-front with their fees but if they’re not, we’re not going to worry about it.
It’s time to pick a broker and get started!
|Charles Schwab||US, Belgium, Finland, France, Germany, Italy, Netherlands, Canada, Hong Kong, Japan, Norway, and the UK.||Commission-Free in the US|
|DeGiro||Netherlands, Belgium, Italy, France, Austria, Switzerland, Germany, Czech Republic, Spain, Portugal, Poland, Greece, Hungary, Denmark, Sweden, UK, Norway, Finland, and Ireland.||Commission-Free|
|eToro||Australia, Andorra, Angola, Austria, Argentina, Azerbaijan, Bahrain, Brazil, Bangladesh, Bulgaria, Belize, Bolivia, Chile, Colombia, Czech Republic, Denmark, Dominican Republic, Ecuador, Egypt, Eritrea, Estonia, Finland, France, Germany, Georgia, Gibraltar, Guadeloupe, Hungary, India, Ireland, Kazakhstan, Kenya, Kuwait, Macau, Madagascar, Mexico, Monaco, Netherlands, New Zealand, Nigeria, Norway, Oman, Philippines, Poland, Romania, Russia, Saudi Arabia, Senegal, Slovakia, Spain, Switzerland, Thailand, Ukraine, and Vietnam.||Commission-Free|
|Fidelity||US, Austria, Canada, France, Germany, Hong Kong, Japan, Netherlands, Spain, Sweden, Switzerland, Taiwan, and the UK.||Commission-Free in the US|
|Firstrade||Austria, Belgium, China, Czech Republic, Denmark, Finland, France, Germany, Hong Kong, India, Ireland, Israel, Italy, Japan, South Korea, Macau, Malaysia, Mexico, New Zealand, Norway, Poland, Portugal, Singapore, Spain, Sweden, Taiwan, Thailand, and the UK.||Commission-Free|
|Freetrade||UK and US.||Commission-Free|
|IG||Denmark, Germany, Spain, France, Ireland, Italy, Luxembourg, Netherlands, Norway, Switzerland, Poland, Portugal, Sweden, UK, Romania, Austria, US, Australia, Japan, Singapore, South Africa, UAE.||Commission-Free|
|Interactive Brokers||200 countries and territories. See full list.||Commission-Free|
|Stake||Australia, New Zealand, the UK, and Brazil.||Commission-Free|
|Tasty Works||Andorra, Argentina, Australia, Austria, Bahrain, Belgium, Bolivia, Bulgaria, Brazil, Chile, Colombia, Czech Republic, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, Finland, France, French Polynesia, Germany, Greece, Hungary, Iceland, India (cash accounts only), Indonesia, Ireland, Isle of Man, Israel, Italy, Kuwait, Malaysia, Mexico, Namibia, Netherlands, New Zealand, Norway, Peru, Poland, Portugal, Romania, San Marino, Saudi Arabia, Singapore, Slovakia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, Ra’s al-Khaimah, Umm al-Qaiwain), UK, and Uruguay.||Commission-Free|
|Trading212||Australia, Thailand, UK, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and Qatar.||Commission-Free|
|Wealthsimple||Canada and US.||Low Fee|
|Webull||US, Malaysia, Japan, India, and China.||Commission-Free|
If you don’t see a broker you like, please drop a message on our Tykr Facebook Group. Let them know what country you’re based in and they will give you the best recommendations.
If the countries listed next to any of the brokers above are not up-to-date, please let us know. We understand that brokers may change the countries they serve.