General Question

capet's avatar

Comparison of online brokerages showing what exchanges they have?

Asked by capet (988points) March 30th, 2022
9 responses
“Great Question” (2points)

I’m in the US, looking for a comparison of online brokerages summarizing which exchanges they enable customers to trade on.

Can anyone suggest something like that?

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LadyMarissa's avatar

When I worked for one of the top brokerage firms, they only had certain exchanges & ALL brokerage firms used the same ones. Some used different methods of investing your funds but they still used the same exchanges. Since retiring, I’ve not kept up with the online companies. I can only assume that they are still limited to the exact same exchanges.

I think you’ve misunderstood something, but I’m just not sure of what it is.

capet's avatar

Thanks @LadyMarissa!

It sounds like I am, indeed, misunderstanding something. My thinking is based on a number of articles (like this one https://www.benzinga.com/money/best-international-brokers/) comparing different online brokerages from the perspective of US-based international trading.

As I understand it, these articles make a big point of comparing different online brokerages based on how many international exchanges can be accessed from each online brokerage. The same kind of claims are made (at least implicitly) in various marketing materials like this: https://www.interactivebrokers.com/en/whyib/overview.php. In that example, Interactive Brokers says that customers can trade stocks in 150 countries. I currently use Robinhood and I’m 99% sure Robinhood doesn’t let me do that.

Does that make sense?

LuckyGuy's avatar

I use Fidelity. I have never had a problem going anywhere I wanted to go.

Except during sanctions.

RocketGuy's avatar

Fidelity works well enough for me too.

capet's avatar

@LuckyGuy or @RocketGuy, cool! Should I just be able to search for an international ticker symbol, or is there more to it than that?

RocketGuy's avatar

@capet – don’t know. I’ve only bought US stocks and mutual funds.

LuckyGuy's avatar

@capet I search for the international symbol and prices on Yahoo finance. Then I move to Fidelity to place orders. I actually like the Yahoo finance format a little better – and it affords anonymity when I am researching a stock or position. That is not possible when using the Fidelity site.

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