Interactive Brokers is an American company offering one of the most popular Trading platforms globally. Unfortunately, No, Interactive Brokers does not open accounts to clients residing in Somalia. However, please note that the platform might not be suitable for Beginners since simplicity is not how you would describe it. It does offer many features for Pro Traders, but if you are not part of a Dealing Desk of a Big Financial Institution, perhaps you might want to try a simpler [And cheaper] option.
Compared to other CFD Brokers, AvaTrade stands out due to its ultra-low spreads and powerful trading platforms.
¿Concerned about who's regulating them? With licenses in the EU, BVI, Australia, Japan, South Africa, and UAE, Avatrade is one of the most heavily regulated Brokers available in the market. Offering a wide range of CFDs on Shares, Forex, Indices, Commodities, Crypto, and even Bonds, it is one of the top Brokers in terms of instrument offering. Moreover, its platform is remarkable, allowing Traders to operate on several Trading environments, MT4, MT5, and their internally developed ones, AvaTradeGo and AvaOptions.
This last one, AvaOptions, deserves a particular remark. If you have passed the beginner's line regarding trading knowledge, you can use options to hedge your strategy. Well, AvaOptions is one of the best Options Trading platforms available. It is truly remarkable, offering great risk management features that are easily viewable and automatic, making Options trading as accessible as possible.