The best alternatives to ARMO Broker are
- CapTrader - Global broker providing all asset classes
- Brokerpoint - Global stockbroker
- TradeStation - US stockbroker
Let's see in a bit more detail how the ARMO Broker alternatives compare to ARMO Broker and each other:
| ARMO Broker | CapTrader | Brokerpoint | TradeStation | |
|---|---|---|---|---|
| Overall score | 4.2 stars | 4.1 stars | 4.2 stars | 4.7 stars |
| Fees score | 3.7 stars | 3.6 stars | 4.1 stars | 4.1 stars |
| Account opening score | 1.7 stars | 1.0 stars | 2.5 stars | 5.0 stars |
| Deposit and withdrawal score | 3.5 stars | 3.0 stars | 3.0 stars | 2.2 stars |
| Web platform score | 4.5 stars | 4.3 stars | 5.0 stars | 3.8 stars |
| Markets and products score | 5.0 stars | 5.0 stars | 5.0 stars | 3.2 stars |
| Visit broker | Visit broker | Visit broker |
Why are these brokers considered good alternatives to ARMO Broker? There are many areas based on which ARMO Broker can be compared with others. When we say a given online broker is a good alternative to ARMO Broker we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
ARMO Broker alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- ARMO Broker is recommended for investors and traders from europe interested in global markets
- CapTrader is recommended for investors and traders looking for low fees and sophisticated trading platforms
- Brokerpoint is recommended for investors and traders from europe interested in global markets
- TradeStation is recommended for traders focusing on us markets and buy-and-hold investing
Important factors of finding ARMO Broker alternatives
So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether ARMO Broker or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. ARMO Broker is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost ARMO Broker alternative.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at ARMO Broker, some alternatives might allow you to do that.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given ARMO Broker alternative is a must.
Now let's dive into the details of how ARMO Broker and its alternatives perform in the most important areas!
ARMO Broker alternatives
CapTrader
CapTrader was founded in Germany in 1997. It is an introducing broker to Interactive Brokers (IB), one of the largest brokers in the world.
- The account opening and deposit/withdrawal options are very similar to Interactive Brokers.
- The trading platforms and available products are exactly the same as at Interactive Brokers.
- Fees, however, are charged by CapTrader, not by Interactive Brokers.
- CapTrader offers its own customer support and educational tools.
CapTrader is considered safe because it has a long track record and is regulated by top-tier financial authorities. After Brexit, European users of CapTrader are being served through the Irish licence of Interactive Brokers.
Recommended for investors and traders looking for low fees and sophisticated trading platforms
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • Complicated account opening |
| • Wide range of products | • Complex desktop trading platform |
| • Many great research tools |
Fees
CapTrader has low stock and ETF fees, and margin rates are also low. On the other hand, options and futures fees are high.
| Pros | Cons |
|---|---|
| • Low stock and ETF fees / Free stock trading | • High options and futures fees |
| • Low stock and ETF fees | |
| • One free withdrawal per month | |
| • Low margin rates |
| CapTrader | ARMO Broker | |
|---|---|---|
| Apple benchmark fee | $4.3 | $6.3 |
| Vodafone benchmark fee | $18.9 | $18.7 |
| EURUSD benchmark fee | $18.2 | $18.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
CapTrader's account opening is fully digital, but the positives stop there: the process is complicated, account verification takes long, and there's a steep €2,000 minimum deposit.
| Pros | Cons |
|---|---|
| • Fully digital | • Slow |
| • Not user-friendly | |
| • High minimum deposit of €2,000 |
| CapTrader | ARMO Broker | |
|---|---|---|
| Minimum deposit | $2,000 | $1,980 |
| Time to open account | >3 days | 1-3 days |
If you are interested more in CapTrader minimum deposit, this overview will help you.
Deposit and withdrawal
CapTrader offers one free withdrawal per month and has a decent selection of account base currencies; however, it doesn't accept credit/debit cards and electronic wallets.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • One free withdrawal per month | • Electronic wallets not accepted |
| CapTrader | ARMO Broker | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
CapTrader's WebTrader platform is user-friendly, has a clear fee report, and is accessible via a safe two-step login process.
| Pros | Cons |
|---|---|
| • User-friendly | • User experience could be better |
| • Clear fee report | |
| • Two-step (safer) login |
| CapTrader | ARMO Broker | |
|---|---|---|
| Web platform score | 4.3 stars | 4.5 stars |
| Mobile platform score | 3.5 stars | 3.5 stars |
| Desktop platform score | 3.5 stars | 3.0 stars |
Learn more about CapTrader's web trading platform in the detailed CapTrader review.
Markets and products
Through CapTrader, you can access an extremely wide range of markets, and virtually all product types imaginable.
| CapTrader | ARMO Broker | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
CapTrader is a global stockbroker for investors and traders. We recommend this broker mainly for advanced traders.
On the plus side, CapTrader has low stock and ETF fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though. It charges high forex fees, and the account opening process is complicated. The desktop platform is complex and might be hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy transparent, low-cost trading, feel free to try CapTrader, as it could be a great fit for you.
| CapTrader | |
|---|---|
| Summary | CapTrader is a Germany-based global stockbroker for investors and traders. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland. |
| Fees score | 3.6 stars |
| Recommended for | Investors and traders looking for low fees and sophisticated trading platforms |
ARMO Broker alternatives
Brokerpoint
Brokerpoint is a global stockbroker that was founded in Germany in 2017. It is an introducing broker to IBIE, the Irish entity of Interactive Brokers, one of the largest brokers in the world. IBIE is regulated by the Central Bank of Ireland.
It is an introducing broker to Interactive Brokers (IB), one of the largest brokers in the world:
- The account opening and deposit/withdrawal options are very similar to Interactive Brokers.
- The trading platforms and available products are exactly the same as at Interactive Brokers.
- Fees, however, are charged by Brokerpoint, not by Interactive Brokers.
- Brokerpoint offers its own customer support but has no educational tools.
Brokerpoint is considered safe because it is regulated by a top-tier financial authority. However, it doesn't have a long track record of operation.
Recommended for investors and traders from europe interested in global markets
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • Weak customer service |
| • Wide range of products | • High futures and options fees |
| • Many great research tools | • No educational tools |
Fees
Brokerpoint has low trading and non-trading fees, including no deposit or withdrawal fees. On the other hand, fees for futures and options trading are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High futures fees |
| • Low stock and ETF fees | • High options fees |
| • No withdrawal fee |
| Brokerpoint | ARMO Broker | |
|---|---|---|
| Apple benchmark fee | $4.3 | $6.3 |
| Vodafone benchmark fee | $5.3 | $18.7 |
| EURUSD benchmark fee | $13.9 | $18.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Brokerpoint's account opening process is fully digital, without a required minimum deposit. However, the process is complicated and account verification is relatively slow.
| Pros | Cons |
|---|---|
| • Fully digital | • Slow |
| • No minimum deposit | • Not user-friendly |
| Brokerpoint | ARMO Broker | |
|---|---|---|
| Minimum deposit | $0 | $1,980 |
| Time to open account | >3 days | 1-3 days |
If you are interested more in Brokerpoint minimum deposit, this overview will help you.
Deposit and withdrawal
Both depositing and withdrawing funds is free at Brokerpoint, and the process is user-friendly. On the negative side, bank transfer is the only option available.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | • Limited number of base currencies |
| • User-friendly |
| Brokerpoint | ARMO Broker | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
Brokerpoint's WebTrader platform is user-friendly, has a clear fee report and is accessible via a safe two-step login process.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Clear fee report | |
| • Two-step (safer) login |
| Brokerpoint | ARMO Broker | |
|---|---|---|
| Web platform score | 5.0 stars | 4.5 stars |
| Mobile platform score | 3.8 stars | 3.5 stars |
| Desktop platform score | 3.0 stars | 3.0 stars |
Learn more about Brokerpoint's web trading platform in the detailed Brokerpoint review.
Markets and products
An extremely wide range of markets is accessible through Brokerpoint, and all product types except for crypto are available.
| Brokerpoint | ARMO Broker | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Brokerpoint is a global stockbroker for investors and traders, and an introducing broker to Interactive Brokers. As its trading platform is quite complex, we recommend this broker mainly for advanced traders.
On the plus side, Brokerpoint has low trading and non-trading fees and offers a wide range of markets and products. The account opening process is fully digital and requires no minimum deposit.
There are some drawbacks, though. Brokerpoint charges high fund, futures, and CFD trading fees. Moreover, the broker does not provide proper educational tools and its trading platforms are complicated.
If you have experience navigating complex platforms and enjoy low-cost trading, Brokerpoint could be a great fit for you.
| Brokerpoint | |
|---|---|
| Summary | Brokerpoint is a Germany-based global stockbroker for investors and traders. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland. |
| Fees score | 4.1 stars |
| Recommended for | Investors and traders from Europe interested in global markets |
ARMO Broker alternatives
TradeStation
TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).
TradeStation is considered safe because it has a long track record; transparently discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.
Recommended for traders focusing on us markets and buy-and-hold investing
| Pros | Cons |
|---|---|
| • Great web and mobile trading platform | • Inconvenient deposit and withdrawal |
| • Low trading fees | • No forex trading |
| • High-quality research and education tools | • Mediocre customer service |
Fees
TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, there's an inactivity fee and only ACH is free for withdrawals.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • Low stock and ETF fees / Free stock trading | • WIthdrawal fee for bank wire transfers |
| • Free ACH withdrawals |
| TradeStation | ARMO Broker | |
|---|---|---|
| Apple benchmark fee | $0.3 | $6.3 |
| Vodafone benchmark fee | - | $18.7 |
| EURUSD benchmark fee | - | $18.7 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
TradeStation account opening is fully digital, user-friendly and fast. There are many account types, but USD is the only available base currency (except for futures accounts).
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • User-friendly |
| TradeStation | ARMO Broker | |
|---|---|---|
| Minimum deposit | $0 | $1,980 |
| Time to open account | 1 day | 1-3 days |
If you are interested more in TradeStation minimum deposit, this overview will help you.
Deposit and withdrawal
TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; while the fee for wire transfer withdrawals is high.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Deposit/withdrawal in cryptocurrencies | • High fee for wire withdrawal |
| • ACH withdrawal is free |
| TradeStation | ARMO Broker | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
TradeStation has a nice-looking, user-friendly web trading platform with a safe login process.
| Pros | Cons |
|---|---|
| • Clear fee report | None |
| • Two-step (safer) login | |
| • Good search function |
| TradeStation | ARMO Broker | |
|---|---|---|
| Web platform score | 3.8 stars | 4.5 stars |
| Mobile platform score | 4.8 stars | 3.5 stars |
| Desktop platform score | 2.3 stars | 3.0 stars |
Learn more about TradeStation's web trading platform in the detailed TradeStation review.
Markets and products
TradeStation grants access to a wide variety of US products, but its non-US market coverage is poor. Also, forex and CFDs are not available.
| TradeStation | ARMO Broker | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | No | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | No | Yes |
| Crypto | Yes | Yes |
Verdict
TradeStation is a great US broker.
The web and mobile platforms are very user-friendly, with many great functions. TradeStation also charges low stock and ETF trading fees. On top of that, its education materials are well-structured and high quality.
On the other hand, deposit and withdrawal functions are not that convenient, as you can only use bank transfers. Among other negatives, there is no forex trading, and customer service has room for improvement.
As there is no minimum deposit, feel free to try TradeStation if you prefer trading on US markets.
| TradeStation | |
|---|---|
| Summary | TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body. |
| Fees score | 4.1 stars |
| Recommended for | Traders focusing on US markets and buy-and-hold investing |
ARMO Broker alternatives
ARMO Broker
ARMO Broker is a Germany-based stockbroker that was founded in 2019. It is an introducing broker to IBIE, the Irish entity of Interactive Brokers, one of the largest brokers in the world. IBIE is regulated by the Central Bank of Ireland.
If you're familiar with the services of Interactive Brokers, you will notice that many of ARMO Broker's services are the same or similar. In summary:
- The account opening and deposit/withdrawal options are very similar to Interactive Brokers
- The trading platforms and available products are exactly the same as at Interactive Brokers
- Fees, however, are charged by ARMO Broker, not by Interactive Brokers
- ARMO Broker offers its own customer support and some educational tools in German
ARMO Broker is regulated by a top-tier financial authority. However, it doesn't have a long track record of operation.
Recommended for investors and traders from europe interested in global markets
| Pros | Cons |
|---|---|
| • Wide range of products | • Complicated account opening process |
| • Many great research tools | • Complex desktop trading platform |
| • Easy-to-use web trading platform | • High options and futures fees |
Fees
ARMO Broker has low stock and ETF fees and charges no inactivity fee. On the other hand, the fees for trading options and futures are high.
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • High options and futures fees |
| • No inactivity fee |
| ARMO Broker | CapTrader | Brokerpoint | TradeStation | |
|---|---|---|---|---|
| US stock | $3.0 | $2.0 | $2.0 | $0.0 |
| UK stock | $8.9 | $9.0 | $2.3 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
ARMO Broker's account opening process is fully digital. However, there is a high minimum deposit and the account opening process is a bit complicated.
| Pros | Cons |
|---|---|
| • Fully digital | • Minimum deposit is higher than $500 |
| • Not user-friendly |
| ARMO Broker | CapTrader | Brokerpoint | TradeStation | |
|---|---|---|---|---|
| Minimum deposit | $1,980 | $2,000 | $0 | $0 |
| Time to open account | 1-3 days | >3 days | >3 days | 1 day |
Learn more about ARMO Broker minimum deposit here.
Deposit and withdrawal
ARMO Broker offers one free withdrawal per month and has a decent selection of account base currencies. However, it doesn't accept credit/debit cards or electronic wallets.
| Pros | Cons |
|---|---|
| • Several account base currencies | • Credit/Debit card not available |
| • User-friendly |
| ARMO Broker | CapTrader | Brokerpoint | TradeStation | |
|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No |
| Electronic wallets | No | No | No | No |
| Withdrawal fee | $0 | $0 | $0 | $0 |
Web trading platform
ARMO Broker's web trading platform is user-friendly, has a clear fee report and is accessible via a safe two-step login process.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| ARMO Broker | CapTrader | Brokerpoint | TradeStation | |
|---|---|---|---|---|
| Web platform score | 4.5 stars | 4.3 stars | 5.0 stars | 3.8 stars |
| Mobile platform score | 3.5 stars | 3.5 stars | 3.8 stars | 4.8 stars |
| Desktop platform score | 3.0 stars | 3.5 stars | 3.0 stars | 2.3 stars |
Learn more about ARMO Broker's web trading platform in the detailed ARMO Broker review.
Markets and products
Through ARMO Broker, you can access a wide range of markets, and all product types are available to trade.
| ARMO Broker | CapTrader | Brokerpoint | TradeStation | |
|---|---|---|---|---|
| Stocks | Yes | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | No |
| Funds | Yes | Yes | Yes | Yes |
| Bonds | Yes | Yes | Yes | Yes |
| Options | Yes | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes | Yes |
| CFDs | Yes | Yes | Yes | No |
| Crypto | Yes | Yes | Yes | Yes |
Verdict
We recommend ARMO Broker for advanced investors and traders from Europe who are interested in trading on global markets.
On the plus side, ARMO Broker has low stock and ETF fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though. It charges high forex, futures and options fees. The account opening process is complicated and the desktop platform is complex.
If you have experience navigating complex platforms and would like to enjoy low-cost stock/ETF trading, ARMO Broker could be a great fit for you.
| ARMO Broker | |
|---|---|
| Summary | ARMO Broker is a Germany-based global stockbroker for investors and traders. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland. |
| Fees score | 3.7 stars |
| Recommended for | Investors and traders from Europe interested in global markets |
ARMO Broker alternatives
Bottom line
Based on our analysis, there are several good alternatives to ARMO Broker. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| ARMO Broker | Global stockbroker | Investors and traders from Europe interested in global markets |
| CapTrader | Global broker providing all asset classes | Investors and traders looking for low fees and sophisticated trading platforms |
| Brokerpoint | Global stockbroker | Investors and traders from Europe interested in global markets |
| TradeStation | US stockbroker | Traders focusing on US markets and buy-and-hold investing |
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