USAA Alternatives: Pros, Cons, And How It Stacks Up Updated for 2024
This alternatives to USAA 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 USAA to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to USAA like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their clients. If you feel that USAA is not quite right for you then it would be worth getting a demo account with a lot of the best USAA alternatives and check if they are a better fit for you before moving any money around.
The most complete review of USAA alternatives on the web
There's many reasons USAA may not be a good fit for your trading needs. For whatever reason you are hunting for a better USAA alternative or USAA competitor with better services, comparebrokers.org will always try to give you as much useful information so you can make an informed choice. Below you can find the top USAA alternatives.
For each of the below alternative to USAA, we also highlight the key differences to USAA and for each platform feature show you the best competitors. For every USAA 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 not happy with USAA, let us show you some great alternative brokeragesbrokers|online trading platforms|brokerages.
Using a reputable and dependable trading platform is important for your trading success. All of the USAA alternative platforms shown in this USAA alternatives guide have good reputations and match what you are looking for.
Alternatives With Lower Minimum Deposit
USAA has a minimum desposit of $25, you can check how the minimum deposit requirements of USAA compare with the minimum deposit requirements of USAA competitors. Brokers offer lower minimum deposits to get traders 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.
Alternatives Offering Demo Accounts
USAA offers demo accounts so you can learn their systems before risking any real money. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before signing up for a live account.
Below we detail some of the best alternatives to USAA that has demo accounts.
Alternatives Offering Negative Balance Protection
USAA doesn't offer negative balance protection. If your balance is unfavorable, USAA indicates that you promptly contact client services. So you are able to fix any imbalances within your own account.
Below we show some of the best alternatives to USAA that has negative balance protection.
Broker | Offers Negative Balance Protection? | Find Out More |
---|---|---|
USAA |
No | |
Startrader |
Yes | |
freetrade |
Yes | |
easyMarkets |
Yes | |
Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
USAA unfortunately, doesn't offer guaranteed stop loss. USAA provides a chance to its dealers to close their trades in their given price. Apart from that, USAA does not provide guaranteed stop loss.
Below we show some of the top USAA alternatives that have guaranteed stop loss available for their users.
Broker | Offers Guaranteed Stop Loss? | Find Out More |
---|---|---|
USAA |
No | |
easyMarkets |
Yes | |
Uphold |
Yes | |
instaforex |
Yes | |
FreshForex |
Yes |
Alternatives Offering Scalping
USAA do allow scalping. Several traders across the world select USAA for their scalping services. They offer trading on MT4 ,Android,iPhone,Mac which allow this.
Below we detail some of the best alternatives to USAA that allow scalping functionality to their clients.
Alternatives That Allow Hedging
USAA do allow hedging. Several traders throughout the world choose USAA due to their large range of services. They offer trading on MT4 ,Android,iPhone,Mac.
Below we show some of the top alternatives to USAA that offer hedging services to their client base.
Alternatives That Allow Social Trading
USAA'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. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we show some of the top alternatives to USAA that has social trading capabilities.
Alternatives That Allow Copy Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, USAA offers copy trading which gives access to leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of social trading.
Below we show some of the top alternatives to USAA that have copy trading to their customers
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Table Of Contents
- USAA alternatives with lower minimum deposit requirements
- USAA alternatives with demo accounts
- USAA alternatives with negative balance protection
- USAA alternatives with guaranteed stop loss
- USAA alternatives that allow scalping
- USAA alternatives that allow hedging
- USAA alternatives that allow social trading
- USAA alternatives that allow copy trading