Interactive Brokers Alternatives: Pros, Cons, And How It Stacks Up for 2024
This alternatives to Interactive Brokers guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Interactive Brokers to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Interactive Brokers like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their users. If you feel that Interactive Brokers is not quite right for you then it would be worth getting a virtual account with a lot of the best Interactive Brokers alternatives and ensuring that they are a better fit for you before moving any money around.
The most complete review of Interactive Brokers alternatives online
There's many reasons Interactive Brokers may not be a good fit for you. For whatever reason you are hunting for the best Interactive Brokers alternative or Interactive Brokers competitor with similar services, comparebrokers.org will always try to give you as much helpful information so you can find what it is you need. Below you can discover the best Interactive Brokers alternatives.
For each of the below alternative to Interactive Brokers, we break down the key differences to Interactive Brokers and for each platform feature show you the best alternatives. For each Interactive Brokers alternative online broker listed we also have detailed broker reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with Interactive Brokers, we can show you some great alternative brokersbrokers|online trading platforms|brokerages.
Using a reputable and dependable broker is vital to your trading success. All of the Interactive Brokers alternative platforms listed in this Interactive Brokers alternatives guide have good reputations and match what you are looking for.
Alternatives With Lower Minimum Deposit
Interactive Brokers has a minimum desposit of $1, you can see how the minimum deposit requirements of Interactive Brokers compare with the minimum deposit requirements of Interactive Brokers competitors. Trading platforms often have lower minimum deposits to get users to join with them, but having higher a minimum deposit requirement isn’t always a bad thing, it all comes down to your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
Interactive Brokers |
$1 | |
| freetrade |
$0 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 | |
| Roboforex |
$1 |
Alternatives Offering Virtual Portfolio Accounts
Interactive Brokers offers virtual portfolio accounts so you can learn their systems before risking any real capital. Inexperienced traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before risking a live account.
Below we list some of the best alternatives to Interactive Brokers that have demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Interactive Brokers |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Interactive Brokers doesn't provide negative balance protection. If your balance is negative, Interactive Brokers indicates that you promptly contact customer services. Then you are able to correct any imbalances within your own account.
Below we list some of the best alternatives to Interactive Brokers that has negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
Interactive Brokers |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Interactive Brokers regrettably, doesn't provide guaranteed stop loss. Interactive Brokers provides a chance for its traders to close their trades in their specified price. Aside from that, Interactive Brokers does not provide guaranteed stop loss.
Below we show some of the top Interactive Brokers alternatives that has guaranteed stop loss available for their users.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Interactive Brokers |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
Interactive Brokers do permit scalping. Many traders across the world choose Interactive Brokers for their scalping services. They offer trading on Web Trader, NinjaTrader, Tablet & Mobile apps which let this.
Below we show some of the top alternatives to Interactive Brokers that allow scalping functionality to their users.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Interactive Brokers |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
Interactive Brokers do permit hedging. Several traders around the world select Interactive Brokers for their large range of services. They offer trading on Web Trader, NinjaTrader, Tablet & Mobile apps.
Below we list some of the best alternatives to Interactive Brokers that offer hedging services to their customer base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Interactive Brokers |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Interactive Brokers's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading..
Below we list some of the best alternatives to Interactive Brokers that offer social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Interactive Brokers |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Interactive Brokers offers copy trading which gives access to leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is calculated social trading..
Below we list some of the top alternatives to Interactive Brokers that has copy trading to their users
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Interactive Brokers |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare Interactive Brokers To All Other Brokers