#1 Rated Broker

Moomoo

Capital at risk · T&Cs apply

40 brokers ranked No paid placements

Best Stock Brokers in Panama 2026

Top stock brokers accepting traders from Panama. Compare commission, market access, account minimums, and platform tools.

How we rank brokers

Updated 28 May 2026Rankings are editorially independent — never influenced by commercial partnerships

Based on our 2026 quantitative rating of 40 brokers, Moomoo (3.69/5), E*TRADE, and Fidelity rank as the top choices. Moomoo leads with regulation from SEC, ASIC and 0 pips min spread. Rankings are calculated algorithmically — no paid placements.

#1 Moomoo — 3.69/5 · Regulated: SEC, ASIC · Min deposit: $0
#2 E*TRADE — 3.60/5 · Regulated: SEC, CFTC
#3 Fidelity — 3.58/5 · Regulated: SEC, CFTC

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40 brokers

Top Picks

🥇🥈🥉

Moomoo

SECASICMAS

3.7/ 5

Min. Deposit

Max Leverage

1:4

Spreads From

0 pips

Commission

Commission-free

Advanced charting with Level 2 data
Commission-free US stock trading

Fees Regulation

Visit Broker Review

E*TRADE

SECCFTC

3.6/ 5

Min. Deposit

Max Leverage

1:4

Spreads From

0 pips

Commission

Commission-free

Zero commission stock and ETF trading
Strong educational resources

Fees Regulation

Visit Broker Review

Fidelity

SECCFTC

3.6/ 5

Min. Deposit

Max Leverage

1:2

Spreads From

0 pips

Commission

Commission-free

75+ years of trust — $11 trillion AUM
Excellent research and screeners

Fees Regulation

Visit Broker Review

Also Ranked — 37 brokers

Stake

ASICFCA

3.4/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Fractional US shares
Available in Australia, UK, Brazil and NZ

Fees Regulation

Visit Broker Review

Firstrade

SECCFTC

3.4/ 5

Min. Deposit

Max Leverage

1:2

Spreads From

0 pips

Commission

Commission-free

Supports international clients
40+ years in the industry

Fees Regulation

Visit Broker Review

J.P. Morgan Self-Directed

SECFINRA

3.4/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

J.P. Morgan research access
Seamless Chase banking integration

Fees Regulation

Visit Broker Review

LHV

FCAFinantsinspektsioon

3.4/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Estonian Finantsinspektsioon and FCA regulated
Nasdaq Baltic, Helsinki, Stockholm access

Fees Regulation

Visit Broker Review

Avenue Securities

SECFINRACVM

3.4/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

SEC, FINRA and CVM regulated
Largest US stock platform for Brazilians ($1B+ AUM)

Fees Regulation

Visit Broker Review

Longbridge

MASSFC

3.4/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Modern mobile-first platform
Options trading with advanced tools

Fees Regulation

Visit Broker Review

#10

KSecurities

SEC

3.3/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

0.15

K-Cyber Trade platform
SEC Thailand regulated

Fees Regulation

Visit Broker Review

#11

Stash

SECFINRA

3.3/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Fractional shares from $1
6M+ users

Fees Regulation

Visit Broker Review

#12

RHB Securities

MASSC Malaysia

3.3/ 5

Min. Deposit

Max Leverage

1:2

Spreads From

0 pips

Commission

0.1

One of Malaysia's largest banks
Bursa Malaysia full access

Fees Regulation

Visit Broker Review

#13

KTBST Securities

SEC

3.3/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

0.15

IPO subscription
Krungthai Bank backing — state-owned bank

Fees Regulation

Visit Broker Review

#14

DEGIRO

FCA

3.3/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

1.75

Strong European presence
Access to 50+ global stock exchanges

Fees Regulation

Visit Broker Review

#15

Motilal Oswal

SEBI

3.3/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Strong research and advisory
SEBI regulated since 1987

Fees Regulation

Visit Broker Review

#16

Betterment

SEC

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Leading robo-advisor
No minimum deposit

Fees Regulation

Visit Broker Review

#17

Wealthfront

SECFINRA

3.2/ 5

Min. Deposit

$500

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Automated diversified portfolios
SEC/FINRA regulated

Fees Regulation

Visit Broker Review

#18

Cash App Investing

SECFINRA

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

SEC/FINRA regulated
Zero commission stocks, ETFs and Bitcoin

Fees Regulation

Visit Broker Review

#19

EasyEquities

FSCA

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

0.25

1M+ South African users
EasyProperties for real estate

Fees Regulation

Visit Broker Review

#20

SBI Securities

FSA

3.2/ 5

Min. Deposit

Max Leverage

1:3

Spreads From

0 pips

Commission

Commission-free

FSA regulated
Zero commission Japanese stocks

Fees Regulation

Visit Broker Review

#21

Moneybox

FCA

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

1M+ UK users
FCA regulated

Fees Regulation

Visit Broker Review

#22

Bitpanda

CySEC

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

1.49

SEPA instant transfers
Stocks, ETFs and crypto in one platform

Fees Regulation

Visit Broker Review

#23

M1 Finance

SEC

3.2/ 5

Min. Deposit

$100

Max Leverage

1:2

Spreads From

0 pips

Commission

Commission-free

Fractional shares
Automated portfolio rebalancing (Pies)

Fees Regulation

Visit Broker Review

#24

Wealthsimple

SEC

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Robo-advisor and managed portfolios
Commission-free stock and ETF trading

Fees Regulation

Visit Broker Review

#25

Vanguard UK

FCA

3.2/ 5

Min. Deposit

$500

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Trusted Vanguard brand
FCA regulated

Fees Regulation

Visit Broker Review

#26

InvestEngine

FCA

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Very low ongoing charges
Managed portfolios and DIY options

Fees Regulation

Visit Broker Review

#27

Bestinvest

FCA

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

FCA regulated since 1986
Free coaching from financial experts

Fees Regulation

Visit Broker Review

#28

Chipper Cash

FCABoG

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

US stock and ETF investing
5M+ users across Africa

Fees Regulation

Visit Broker Review

#29

Merrill Edge

SEC

3.2/ 5

Min. Deposit

Max Leverage

1:2

Spreads From

0 pips

Commission

Commission-free

Preferred Rewards program
Strong research from BofA analysts

Fees Regulation

Visit Broker Review

#30

HSBC InvestDirect

FCAMASSFC

3.2/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

10.5

International account portability
Integrated with HSBC banking globally

Fees Regulation

Visit Broker Review

#31

FSMOne

MAS

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

0.08

MAS regulated
8,000+ unit trusts and ETFs

Fees Regulation

Visit Broker Review

#32

Sharesies

ASIC

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

0.5

NZX, ASX and US market access
No minimum deposit

Fees Regulation

Visit Broker Review

#33

Tinkoff Investments

CBR

3.2/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

0.05

Crypto trading available
Social and copy trading features

Fees Regulation

Visit Broker Review

#34

Vanguard

SEC

3.1/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Largest mutual fund company in the world
Pioneer of low-cost index investing

Fees Regulation

Visit Broker Review

#35

Fortuneo

AMFACPR

3.1/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

AMF and ACPR regulated
Integrated banking

Fees Regulation

Visit Broker Review

#36

Daman Securities

SCA

3.0/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

0.15

ADX and DFM access
FTSE ADX 15 and UAE blue-chip stocks

Fees Regulation

Visit Broker Review

#37

Freetrade

FCA

3.0/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Clean, simple mobile app
Commission-free stock trading

Fees Regulation

Visit Broker Review

#38

Rakuten Trade

2.9/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

0.1

US market via Rakuten Securities
Competitive fees

Fees Regulation

Visit Broker Review

#39

TradeZero

SCB

2.9/ 5

Min. Deposit

$500

Max Leverage

1:6

Spreads From

0 pips

Commission

Commission-free

Short selling specialist
Level 2 data included

Fees Regulation

Visit Broker Review

#40

Lightyear

FCA

2.7/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Commission-free US and EU stocks
Simple, modern interface

Fees Regulation

Visit Broker Review

Frequently Asked Questions

What is the difference between stock CFDs and buying real shares?

Real share trading gives you ownership and dividend rights. Stock CFDs let you trade price movements with leverage but you don't own the underlying share. CFDs are better for short-term speculation; real shares suit long-term investing.

Are dividends paid on stock CFDs?

With CFDs, brokers typically apply a dividend adjustment to your account rather than paying the actual dividend. Long positions receive a credit; short positions receive a debit.

Which stock markets can I access through these brokers?

Most brokers in this ranking offer access to major exchanges including NYSE, NASDAQ, LSE, and Euronext. Check each broker's market page for the full list of supported exchanges.

What is the minimum deposit to trade stocks in Panama?

31 brokers on this list accept traders from Panama with no minimum deposit ($0). The lowest non-zero minimum deposit among brokers available in Panama is $1. For better risk management and position sizing, most experts recommend starting with at least $100–$200 regardless of the broker's minimum.

Which is the top-rated broker in this list for 2026?

Based on our scoring algorithm, Moomoo currently ranks #1 with a score of 3.7/5. Scores are recalculated every 24 hours as broker data changes.

Our #1 pick for 2026

Moomoo

SEC ASIC3.7/5

Visit Broker Full Review

How do we rank brokers?

Our algorithm weights regulation (25%), fees (20%), platform (15%), markets (10%), trust (15%) and UX (15%). No paid placements — ever.

Full methodology

Trading involves risk of loss. Rankings are for informational purposes only — not financial advice. Full risk disclosure.

Our Partner Brokers

View all rankings

We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.

FxPro

4.1

FCA

Visit

3.9

FCA

Visit

Libertex

3.7

Visit

Best Stock Brokers in Panama 2026

Moomoo

E*TRADE

Fidelity

Stake

Firstrade

J.P. Morgan Self-Directed

LHV

Avenue Securities

Longbridge

KSecurities

Stash

RHB Securities

KTBST Securities

DEGIRO

Motilal Oswal

Betterment

Wealthfront

Cash App Investing

EasyEquities

SBI Securities

Moneybox

Bitpanda

M1 Finance

Wealthsimple

Vanguard UK

InvestEngine

Bestinvest

Chipper Cash

Merrill Edge

HSBC InvestDirect

FSMOne

Sharesies

Tinkoff Investments

Vanguard

Fortuneo

Daman Securities

Freetrade

Rakuten Trade

TradeZero

Lightyear

Frequently Asked Questions

What is the difference between stock CFDs and buying real shares?

Are dividends paid on stock CFDs?

Which stock markets can I access through these brokers?

What is the minimum deposit to trade stocks in Panama?

Which is the top-rated broker in this list for 2026?

Key Trading Terms

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