Westpac Alternatives: Pros & Cons Updated 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 clients. If you feel that Westpac is not quite right for you then it would be worth getting a virtual account with a lot of the top Westpac alternatives and ensuring that they are a better fit for you before moving any money around.
The most in depth review of Westpac alternatives online
There are many reasons Westpac may not be a good fit for your trading needs. Whatever reason you are hunting for a new Westpac alternative or Westpac competitor with better services, comparebrokers.org try to give you as much helpful information so you can make an informed choice. Below you will discover the best Westpac alternatives.
For each of the below alternative to Westpac, we break down the key differences to Westpac and for each platform feature show you the best competitors. For every Westpac alternative online broker shown 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 Westpac, find some great alternative brokersbrokers|online trading platforms|brokerages.
Trading with a reputable and dependable broker is important for having a successful trading career. All of the Westpac alternative platforms we list 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 can check how the minimum deposit requirements of Westpac compare with the minimum deposit requirements of Westpac competitors. Trading platforms often have lower minimum deposits to get users to test them out, 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 |
|---|---|---|
|
Westpac |
$50 | |
| Startrader |
$50 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| PUPRIME |
$50 |
|
Alternatives Offering Demo Accounts
Westpac 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 aspects of Forex trading and test out some of the company’s features before signing up for a live account.
Below we show some of the best alternatives to Westpac that has virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Westpac |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Westpac has negative balance protection. It's especially offered when the market volatility prevents clients from allowing their account go into the red. In a situation like this, Westpac provides the ability to reset a customers account balance to zero.
You should go through the critical stipulations on Westpac's website to understand their policies.
Below we list 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 regrettably, doesn't offer guaranteed stop loss. Westpac provides an opportunity for its dealers to close their trade in their given price. Aside from this, Westpac doesn't provide guaranteed stop loss.
Below we list some of the top Westpac alternatives that has guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Westpac |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
Westpac do allow scalping. Several traders throughout the world choose Westpac for their scalping services. They offer trading on Desktop,Mac,iPhone,Android,WEB which allow this.
Below we detail some of the best alternatives to Westpac that offer scalping functionality to their users.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Westpac |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
Westpac do allow hedging. Many traders throughout the world select Westpac for their large range of services. They offer trading on Desktop,Mac,iPhone,Android,WEB.
Below we list some of the best alternatives to Westpac that allow hedging services to their customer base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Westpac |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
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. 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 list some of the top alternatives to Westpac that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Westpac |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Westpac's copy 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. This is calculated social trading..
Below we list some of the top alternatives to Westpac that has copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Westpac |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare Westpac To All Other Brokers