Westpac Alternatives: for 2025
This alternatives to Westpac guide has been updated for 2025 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 Westpac to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Westpac like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their customers. If you feel that Westpac is not quite right for you then it would be worth getting a demo account with some of the top Westpac alternatives and ensuring that they are a better fit for you before moving any money around.
The most in depth guide to Westpac alternatives on the internet
There are a lot of reasons Westpac may not be a good fit for you. Whatever reason you are looking for the top Westpac alternative or Westpac competitor with better services, we try to give you as much helpful information so you can make an informed choice. Below you will discover the top Westpac alternatives.
For each of the below alternative to Westpac, we also highlight the key differences to Westpac and for each platform feature show you the best alternatives. For every Westpac alternative online trading platform shown we also have detailed trading platform 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 Westpac, let us show you some great alternative brokersbrokers|online trading platforms|brokerages.
Having a reputable and dependable online broker is important for having a successful trading career. All of the Westpac alternative brokers shown in this Westpac alternatives guide have good reputations and can fit what you are looking for.
Alternatives With Lower Minimum Deposit
Westpac has a minimum desposit of $50, you should check how the minimum deposit requirements of Westpac compare with the minimum deposits of Westpac competitors. Brokers often have lower minimum deposits to get traders to test them out, but having higher a minimum deposit requirement isn’t always a bad thing, it all depends on your individual trading needs.
Alternatives Offering Virtual Portfolio Accounts
Westpac offers demo accounts so you can test your trading strategies before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before risking a live account.
Below we show some of the best alternatives to Westpac that have virtual portfolio accounts.
Alternatives Offering Negative Balance Protection
Westpac has negative balance protection. It is especially offered while the industry volatility keeps clients from allowing their accounts go in the red. In such a scenario, Westpac offers the ability to reset a clients account balance to zero.
You can go through the critical conditions on Westpac's site to understand their policies better.
Below we show some of the best alternatives to Westpac that has negative balance protection.
Broker | Offers Negative Balance Protection? | Find Out More |
---|---|---|
Westpac |
Yes | |
Startrader |
Yes | |
freetrade |
Yes | |
easyMarkets |
Yes | |
Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Westpac unfortunately, does not offer guaranteed stop loss. Westpac provides a chance for its dealers to close their trade in their specified price. Aside from that, Westpac does not offer guaranteed stop loss.
Below we show some of the top Westpac alternatives that offer guaranteed stop loss available for their customers.
Broker | Offers Guaranteed Stop Loss? | Find Out More |
---|---|---|
Westpac |
No | |
easyMarkets |
Yes | |
Uphold |
Yes | |
instaforex |
Yes | |
FreshForex |
Yes |
Alternatives Offering Scalping
Westpac do permit scalping. Many traders across the world choose Westpac due to their scalping services. They offer trading on Desktop,Mac,iPhone,Android,WEB which let this.
Below we list some of the best alternatives to Westpac that offer scalping functionality to their users.
Alternatives That Allow Hedging
Westpac do allow hedging. Several traders across the world choose Westpac for their large range of services. They offer trading on Desktop,Mac,iPhone,Android,WEB.
Below we show some of the best alternatives to Westpac that allow hedging services to their user base.
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Westpac offers social trading which encompasses leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading.
Below we show some of the best Westpac alternatives that have 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, Westpac 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. It is a more independent version of social trading.
Below we detail some of the top alternatives to Westpac that have copy trading to their customers
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Table Of Contents
- Westpac alternatives with lower minimum deposit requirements
- Westpac alternatives with demo accounts
- Westpac alternatives with negative balance protection
- Westpac alternatives with guaranteed stop loss
- Westpac alternatives that allow scalping
- Westpac alternatives that allow hedging
- Westpac alternatives that allow social trading
- Westpac alternatives that allow copy trading