Westpac Alternatives: 2026 Update
This alternatives to Westpac guide has been updated for 2026 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, features to their clients. 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 check if they are a better fit for you before moving any money around.
The most complete guide to Westpac alternatives on the internet
There are many reasons Westpac may not be a good fit for you. For whatever reason you are looking for the top Westpac alternative or Westpac competitor with better services, we try to give you as much useful information so you can find what it is you need. Below you will find the most popular Westpac alternatives.
For each of our alternative to Westpac, we also highlight the key differences to Westpac and for each platform feature show you the best competitors. For each Westpac alternative trading platform listed we also have detailed trading platform reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are not happy with Westpac, find some great alternative brokeragesbrokers|online trading platforms|brokerages.
Using a reputable and dependable online 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 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. Online brokers offer 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 Virtual Portfolio Accounts
Westpac offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. Newbie 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 getting a live account.
Below we show some of the best alternatives to Westpac that offer demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Westpac |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Westpac offers negative balance protection. It's especially offered when the industry volatility keeps customers from allowing their accounts go into the red. In a situation like this, Westpac offers the ability to reset a clients 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, does not offer guaranteed stop loss. Westpac provides an opportunity for its dealers to close their trades at their given price. Aside from this, Westpac doesn't offer guaranteed stop loss.
Below we detail some of the best Westpac alternatives that offer 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. Many traders throughout the world select Westpac due to their scalping services. They offer trading on Desktop,Mac,iPhone,Android,WEB which allow this.
Below we detail some of the top alternatives to Westpac that offer scalping functionality to their customers.
| 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 choose Westpac for their hedging services. They offer trading on Desktop,Mac,iPhone,Android,WEB.
Below we show some of the top alternatives to Westpac that offer hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Westpac |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Westpac's social trading platform allows traders to share their expertise with others to build a community of investors and traders. 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 copy trading.
Below we list some of the top Westpac alternatives that have 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 detail some of the top alternatives to Westpac that has copy trading to their users
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Westpac |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
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