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Our top alternative brokers to ARMO Broker
TradeStation
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CapTrader
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ARMO Broker Alternatives

The best alternatives to ARMO Broker are

  1. CapTrader - Global broker providing all asset classes
  2. Brokerpoint - Global stockbroker
  3. 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 alternatives comparison
ARMO Broker CapTrader Brokerpoint TradeStation
Overall score 4.3 4.2 4.2 4.6
Fees score 3.5 stars 3.5 stars 3.8 stars 4.3 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 2.3 stars
Web platform score 4.5 stars 4.3 stars 5.0 stars 4.3 stars
Markets and products score 5.0 stars 5.0 stars 4.9 stars 3.0 stars
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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 102 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. The amounts ARMO Broker charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than ARMO Broker.

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 High forex fees

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Fees
3.5

CapTrader has low stock and ETF fees, and margin rates are also low. On the other hand, forex, options and futures fees are high.
Pros Cons
Low stock and ETF fees High forex fees
One free withdrawal per month
Low margin rates
ARMO Broker vs. CapTrader: Trading fees
CapTrader ARMO Broker
Apple benchmark fee $4.3 $6.3
Vodafone benchmark fee $23.1 $22.8
EURUSD benchmark fee $13.9 $14.4

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

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Account opening
1.0

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
ARMO Broker vs. CapTrader: Minimum deposit, time to open an account
CapTrader ARMO Broker
Minimum deposit $2,000 $2,400
Time to open account >3 days 1-3 days

If you are interested more in CapTrader minimum deposit, this overview will help you.

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Deposit and withdrawal
3.0

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
ARMO Broker vs. CapTrader: Withdrawal options
CapTrader ARMO Broker
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.3

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
Web trading platform of CapTrader, a ARMO Broker alternative
ARMO Broker vs. CapTrader: Trading platform scores
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.

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Markets and products
5.0

Through CapTrader, you can access an extremely wide range of markets, and virtually all product types imaginable.
ARMO Broker vs. CapTrader: Markets and products
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

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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 3.5 stars
Recommended for Investors and traders looking for low fees and sophisticated trading platforms

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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 forex fees
Many great research tools No educational tools

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Fees
3.8

Brokerpoint has low trading and non-trading fees, including no deposit or withdrawal fees. On the other hand, fees for funds, futures and CFD trading are high.
Pros Cons
Low trading fees High CFD fees
Low stock and ETF fees High futures fees
No withdrawal fee High options fees
ARMO Broker vs. Brokerpoint: Trading fees
Brokerpoint ARMO Broker
Apple benchmark fee $4.3 $6.3
Vodafone benchmark fee $6.3 $22.8
EURUSD benchmark fee $9.6 $14.4

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

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Account opening
2.5

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
ARMO Broker vs. Brokerpoint: Minimum deposit, time to open an account
Brokerpoint ARMO Broker
Minimum deposit $0 $2,400
Time to open account >3 days 1-3 days

If you are interested more in Brokerpoint minimum deposit, this overview will help you.

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Deposit and withdrawal
3.0

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
ARMO Broker vs. Brokerpoint: Withdrawal options
Brokerpoint ARMO Broker
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
5.0

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
Web trading platform of Brokerpoint, a ARMO Broker alternative
ARMO Broker vs. Brokerpoint: Trading platform scores
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.

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Markets and products
4.9

An extremely wide range of markets is accessible through Brokerpoint, and all product types except for crypto are available.
ARMO Broker vs. Brokerpoint: Markets and products
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

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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 3.8 stars
Recommended for Investors and traders from Europe interested in global markets

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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

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Fees
4.3

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
ARMO Broker vs. TradeStation: Trading fees
TradeStation ARMO Broker
Apple benchmark fee $0.3 $6.3
Vodafone benchmark fee - $22.8
EURUSD benchmark fee - $14.4

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

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Account opening
5.0

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
ARMO Broker vs. TradeStation: Minimum deposit, time to open an account
TradeStation ARMO Broker
Minimum deposit $0 $2,400
Time to open account 1 day 1-3 days

If you are interested more in TradeStation minimum deposit, this overview will help you.

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Deposit and withdrawal
2.3

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
ARMO Broker vs. TradeStation: Withdrawal options
TradeStation ARMO Broker
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.3

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
Web trading platform of TradeStation, a ARMO Broker alternative
ARMO Broker vs. TradeStation: Trading platform scores
TradeStation ARMO Broker
Web platform score 4.3 stars 4.5 stars
Mobile platform score 4.8 stars 3.5 stars
Desktop platform score 2.8 stars 3.0 stars

Learn more about TradeStation's web trading platform in the detailed TradeStation review.

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Markets and products
3.0

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.
ARMO Broker vs. TradeStation: Markets and products
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

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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 4.3 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

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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 forex, options and futures fees

Fees
3.5

ARMO Broker has low stock and ETF fees and charges no inactivity fee. On the other hand, the fees for trading forex, options and futures are high.
Pros Cons
Low stock and ETF fees High forex, options and futures fees
No inactivity fee
ARMO Broker alternatives trading fees
ARMO Broker CapTrader Brokerpoint TradeStation
US stock $3.0 $2.0 $2.0 $0.0
UK stock $11.1 $11.2 $2.8 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Account opening
1.7

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 alternatives minimum deposit and account open times
ARMO Broker CapTrader Brokerpoint TradeStation
Minimum deposit $2,400 $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
3.5

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 and alternatives withdrawal options and fees
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
4.5

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 - Web trading platform
ARMO Broker and alternatives trading platform scores
ARMO Broker CapTrader Brokerpoint TradeStation
Web platform score 4.5 stars 4.3 stars 5.0 stars 4.3 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 2.8 stars

Learn more about ARMO Broker's web trading platform in the detailed ARMO Broker review.

Markets and products
5.0

Through ARMO Broker, you can access a wide range of markets, and all product types are available to trade.
ARMO Broker and alternatives markets and products
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 3.5 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.

ARMO Broker alternatives
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

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Our top alternative brokers to ARMO Broker

TradeStation CapTrader

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