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Our top alternative brokers to Brokerpoint
TradeStation
4.6
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Zacks Trade
4.4
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Our top alternative brokers to Brokerpoint
TradeStation
4.6
Visit broker
Zacks Trade
4.4
Visit broker
Brokerpoint Alternatives

The best alternatives to Brokerpoint are

  1. CapTrader - Global stockbroker
  2. TradeStation - US stockbroker
  3. Zacks Trade - US discount broker

Let's see in a bit more detail how the Brokerpoint alternatives compare to Brokerpoint and each other:

Brokerpoint alternatives comparison
Brokerpoint CapTrader TradeStation Zacks Trade
Overall score 4.1 4.2 4.6 4.4
Fees score 4.0 stars 3.5 stars 4.2 stars 4.2 stars
Account opening score 2.8 stars 1.5 stars 5.0 stars 2.8 stars
Deposit and withdrawal score 3.0 stars 3.0 stars 2.3 stars 3.5 stars
Web platform score 5.0 stars 4.5 stars 4.5 stars 4.5 stars
Markets and products score 5.0 stars 5.0 stars 2.8 stars 3.8 stars
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Why are these brokers considered good alternatives to Brokerpoint? There are many areas based on which Brokerpoint can be compared with others. When we say a given online broker is a good alternative to Brokerpoint 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.

Brokerpoint 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:

  • Brokerpoint 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
  • TradeStation is recommended for traders focusing on us markets and buy-and-hold investing
  • Zacks Trade is recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees

Important factors of finding Brokerpoint alternatives

So far BrokerChooser has reviewed 91 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 Brokerpoint 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. Brokerpoint is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Brokerpoint alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Brokerpoint, the account opening is slower than average, so if you consider this important some Brokerpoint alternatives can be a good choice.

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 Brokerpoint, 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 Brokerpoint alternative is a must.


Now let's dive into the details of how Brokerpoint and its alternatives perform in the most important areas!

Brokerpoint 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 / Free stock trading High forex fees
One free withdrawal per month
Low margin rates
Brokerpoint vs. CapTrader: Trading fees
CapTrader Brokerpoint
Apple benchmark fee $4.3 $4.3
Vodafone benchmark fee $23.0 $6.2
EURUSD benchmark fee $14.2 $9.4

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
1.5

CapTrader's account opening is fully digital, but the positives stop there, as 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
Brokerpoint vs. CapTrader: Minimum deposit, time to open an account
CapTrader Brokerpoint
Minimum deposit $2,400 $0
Time to open account >3 days >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
Brokerpoint vs. CapTrader: Withdrawal options
CapTrader Brokerpoint
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.5

CapTrader's WebTrader web 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 CapTrader, a Brokerpoint alternative
Brokerpoint vs. CapTrader: Trading platform scores
CapTrader Brokerpoint
Web platform score 4.5 stars 5.0 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.0 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.
Brokerpoint vs. CapTrader: Markets and products
CapTrader Brokerpoint
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD 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, CapTrader 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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Brokerpoint 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; 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 Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Mediocre customer service

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Fees
4.2

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, withdrawals can be costly.
Pros Cons
Low trading fees Withdrawal fee
Low stock and ETF fees / Free stock trading
Multiple fee structures to choose from
Brokerpoint vs. TradeStation: Trading fees
TradeStation Brokerpoint
Apple benchmark fee $2.3 $4.3
Vodafone benchmark fee - $6.2
EURUSD benchmark fee - $9.4

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. On the other hand, USD is the only available base currency (except for futures accounts).
Pros Cons
Fast Only USD accounts (unless you trade futures)
Fully digital
User-friendly
Brokerpoint vs. TradeStation: Minimum deposit, time to open an account
TradeStation Brokerpoint
Minimum deposit $0 $0
Time to open account 1 day >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; and the fee for wire transfer withdrawals is high.
Pros Cons
No deposit fee Credit/Debit card not available
Deposit and withdrawal in cryptocurrencies High fee for wire withdrawal
Only USD accounts (unless you trade futures)
Brokerpoint vs. TradeStation: Withdrawal options
TradeStation Brokerpoint
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.5

TradeStation has a nice-looking, user-friendly web trading platform with a safe login process, but it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Web trading platform of TradeStation, a Brokerpoint alternative
Brokerpoint vs. TradeStation: Trading platform scores
TradeStation Brokerpoint
Web platform score 4.5 stars 5.0 stars
Mobile platform score 4.8 stars 3.8 stars
Desktop platform score 2.5 stars 3.0 stars

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

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Markets and products
2.8

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.
Brokerpoint vs. TradeStation: Markets and products
TradeStation Brokerpoint
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD 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 functions. It also offers low stock and ETF trading fees. On top of that, TradeStation's education materials are well-structured and high quality.

On the other hand, the deposit and withdrawal functions are not user-friendly as you can only use bank transfers. There is no forex trading, and customer service has room for improvement.

Feel free to try TradeStation if you prefer trading on US markets. We recommend it for buy and hold investors with at least some experience.

TradeStation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.2 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

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Brokerpoint alternatives
Zacks Trade

Zacks Trade is a US-based discount broker and a division of LBMZ Securities. LBMZ Securities was founded in 1978 and is regulated by the top-tier US financial authorities SEC and FINRA.

LBMZ Securities's clearing and execution services are provided through Interactive Brokers, a global stockbroker regulated by many top-tier financial authorities globally.

If you're familiar with the services of Interactive Brokers, you might notice that many of Zacks Trade's services are the same. To sum up:

  • Zacks Trade has its own, different fee structure, product selection, educational tools and customer support.
  • The account opening and deposit/withdrawal processes, trading platforms and research tools are the same as at Interactive Brokers.

Zacks Trade is considered safe because it has a long track record and is overseen by top-tier regulators. 

Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees

Pros Cons
Low fees Complex desktop platform and research tools
Extensive stock and ETF selection Slow and complicated account opening
Great customer service Limited educational tools

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Fees
4.2

Zacks Trade has low trading and non-trading fees. Its stock, ETF and bond trading fees are especially low, while mutual fund fees are quite high.
Pros Cons
Low stock and ETF fees / Free stock trading High fund fees
No withdrawal fee
No inactivity fee
Brokerpoint vs. Zacks Trade: Trading fees
Zacks Trade Brokerpoint
Apple benchmark fee $2.3 $4.3
Vodafone benchmark fee $34.2 $6.2
EURUSD benchmark fee - $9.4

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
2.8

Zacks Trade has a fully digital account opening for clients all over the world, and there is no minimum deposit. On the negative side, we found the process slow and hard to navigate.
Pros Cons
Fully digital Slow
No minimum deposit Not user-friendly
Brokerpoint vs. Zacks Trade: Minimum deposit, time to open an account
Zacks Trade Brokerpoint
Minimum deposit $0 $0
Time to open account >3 days >3 days

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

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Deposit and withdrawal
3.5

Zacks Trade offers one free withdrawal per month for nearly all base currencies. However, you cannot use credit/debit cards or electronic wallets to deposit or withdraw funds.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
Brokerpoint vs. Zacks Trade: Withdrawal options
Zacks Trade Brokerpoint
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.5

The Zacks Trade web platform is simple and easy to use even for beginners.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Web trading platform of Zacks Trade, a Brokerpoint alternative
Brokerpoint vs. Zacks Trade: Trading platform scores
Zacks Trade Brokerpoint
Web platform score 4.5 stars 5.0 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.0 stars 3.0 stars

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

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Markets and products
3.8

Zacks Trade offers international stocks, ETFs and bonds, which is fairly unique for a US broker, as well as US funds and options. However, you cannot trade futures or forex.
Brokerpoint vs. Zacks Trade: Markets and products
Zacks Trade Brokerpoint
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures No Yes
CFD No Yes
Crypto No Yes

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Verdict

Zacks Trade is a great US discount broker. It is a division of LBMZ Securities, which is regulated by the SEC and FINRA.

On the plus side, Zacks Trade has low fees, outstanding stock and ETF selections and great customer service.

There are some drawbacks though, as its desktop trading platform and research tools are quite complex. The account opening is complicated and slow. Lastly, we missed some useful educational tools.

As Zacks Trade provides a demo account and doesn't require any minimum deposit, feel free to try it.

Zacks Trade
Summary Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash).
Fees score 4.2 stars
Recommended for Traders and investors looking for comprehensive research tools, a wide product selection and low fees

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Brokerpoint 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

Fees
4.0

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
Brokerpoint alternatives trading fees
Brokerpoint CapTrader TradeStation Zacks Trade
US stock $2.0 $2.0 $1.0 $1.0
UK stock $2.8 $11.2 - $16.8

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

Account opening
2.8

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 alternatives minimum deposit and account open times
Brokerpoint CapTrader TradeStation Zacks Trade
Minimum deposit $0 $2,400 $0 $0
Time to open account >3 days >3 days 1 day >3 days

Learn more about Brokerpoint minimum deposit here.

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
Brokerpoint and alternatives withdrawal options and fees
Brokerpoint CapTrader TradeStation Zacks Trade
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
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
Brokerpoint - Web trading platform
Brokerpoint and alternatives trading platform scores
Brokerpoint CapTrader TradeStation Zacks Trade
Web platform score 5.0 stars 4.5 stars 4.5 stars 4.5 stars
Mobile platform score 3.8 stars 3.8 stars 4.8 stars 3.8 stars
Desktop platform score 3.0 stars 3.0 stars 2.5 stars 3.0 stars

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

Markets and products
5.0

An extremely wide range of markets is accessible through Brokerpoint, and all product types except for crypto are available.
Brokerpoint and alternatives markets and products
Brokerpoint CapTrader TradeStation Zacks Trade
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex Yes Yes No No
Fund Yes Yes Yes Yes
Bond Yes Yes Yes Yes
Options Yes Yes Yes Yes
Futures Yes Yes Yes No
CFD Yes Yes No No
Crypto Yes Yes Yes No

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

Brokerpoint alternatives
Bottom line

Based on our analysis, there are several good alternatives to Brokerpoint. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Brokerpoint alternatives
Broker Info Recommended for
Brokerpoint Global stockbroker Investors and traders from Europe interested in global markets
CapTrader Global stockbroker Investors and traders looking for low fees and sophisticated trading platforms
TradeStation US stockbroker Traders focusing on US markets and buy-and-hold investing
Zacks Trade US discount broker Traders and investors looking for comprehensive research tools, a wide product selection and low fees

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

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