The best alternatives to EasyEquities are
- Saxo Bank - Danish investment bank
- Interactive Brokers - International broker providing all asset classes
- TradeStation - US stockbroker
Let's see in a bit more detail how the EasyEquities alternatives compare to EasyEquities and each other:
| EasyEquities | Saxo Bank | Interactive Brokers | TradeStation | |
|---|---|---|---|---|
| Overall score | 4.0 stars | 4.8 stars | 4.9 stars | 4.7 stars |
| Fees score | 4.2 stars | 2.9 stars | 4.4 stars | 4.1 stars |
| Account opening score | 3.5 stars | 4.3 stars | 3.2 stars | 5.0 stars |
| Deposit and withdrawal score | 3.6 stars | 4.8 stars | 3.0 stars | 2.2 stars |
| Web platform score | 3.3 stars | 5.0 stars | 3.8 stars | 3.8 stars |
| Markets and products score | 1.7 stars | 5.0 stars | 5.0 stars | 3.2 stars |
| Visit broker | Visit broker | Visit broker |
Why are these brokers considered good alternatives to EasyEquities? There are many areas based on which EasyEquities can be compared with others. When we say a given online broker is a good alternative to EasyEquities 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.
EasyEquities 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:
- EasyEquities is recommended for long-term investors focusing on stocks and etfs
- Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
- Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment
- TradeStation is recommended for traders focusing on us markets and buy-and-hold investing
Important factors of finding EasyEquities 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 EasyEquities 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. EasyEquities is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost EasyEquities 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 EasyEquities, the account opening is slower than average, so if you consider this important some EasyEquities 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 can make a deposit with a credit card at EasyEquities, this might not be the case at its alternatives.
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 EasyEquities alternative is a must.
Now let's dive into the details of how EasyEquities and its alternatives perform in the most important areas!
EasyEquities alternatives
Saxo Bank
Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA).
Saxo Bank is a global service provider and as such it operates a number of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Markets UK.
Being regulated by top-tier financial authorities, having a long track record and a banking background are all good signs for Saxo Bank's safety.
Recommended for investors and traders looking for a great trading platform and solid research
| Pros | Cons |
|---|---|
|
• Great trading platform
|
• High bond, options and futures fees
|
|
• Outstanding research
|
• High minimum deposit
|
|
• Broad product portfolio
|
• Lacks live chat and 24/7 availability
|
Fees
Saxo Bank has overall average trading and non-trading fees, but the structure is quite mixed, with great differences between the fees for various asset classes.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• Low fund fees
|
• Custody fee
|
|
• No withdrawal fee
|
• High fees for options and futures
|
| Saxo Bank | EasyEquities | |
|---|---|---|
| Apple benchmark fee | $20.3 | $10.3 |
| Vodafone benchmark fee | $20.6 | - |
| EURUSD benchmark fee | $13.7 | - |
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
Saxo's account opening is fully digital, user-friendly and available in most countries. However, the minimum deposit is high in certain countries (can be $2,000).
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Minimum deposit is high in certain countries
|
|
• User-friendly
|
|
|
• Available in almost every country
|
|
| Saxo Bank | EasyEquities | |
|---|---|---|
| Minimum deposit | $2,000 | $0 |
| Time to open account | 1 day | >3 days |
If you are interested more in Saxo Bank minimum deposit, this overview will help you.
Deposit and withdrawal
Saxo Bank provides multiple deposit and withdrawal options free of charge, on a user-friendly interface.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Electronic wallets not available
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| Saxo Bank | EasyEquities | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | Yes |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
Saxo Bank's web trading platform is one of the best on the market. Easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
| Pros | Cons |
|---|---|
|
• User-friendly
|
None |
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Saxo Bank | EasyEquities | |
|---|---|---|
| Web platform score | 5.0 stars | 3.3 stars |
| Mobile platform score | 5.0 stars | 4.3 stars |
| Desktop platform score | 5.0 stars | - |
Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.
Markets and products
Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds are the only area where the selection could be improved.
| Saxo Bank | EasyEquities | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | Yes | No |
| Bonds | Yes | No |
| Options | Yes | No |
| Futures | Yes | No |
| CFDs | Yes | No |
| Crypto | Yes | Yes |
Verdict
Saxo Bank is a great broker that provides a complex and good service.
It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.
It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.
In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.
| Saxo Bank | |
|---|---|
| Summary | Saxo Bank is a Danish investment bank. It is regulated by several top-tier financial authorities globally, including the UK regulator called FCA (Financial Conduct Authority). |
| Fees score | 2.9 stars |
| Recommended for | Investors and traders looking for a great trading platform and solid research |
EasyEquities alternatives
Interactive Brokers
Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
Given that the broker has licenses from multiple top-tier regulators, has a long track record and publicly disclosed financials while being listed on a stock exchange; it all points towards IB being a safe service provider.
IB currently offers high interest on cash balances in several currencies for investors with assets over $10,000.
Interactive Brokers recently launched a new app for global stock trading: GlobalTrader is a simple platform where you can trade stocks and ETFs. If you are looking to trade only those two assets, GlobalTrader is the solution for you, since you will not get distracted with the other unnecessary information about other asset classes. In addition, you will have a more convenient time navigating through its simple user interface. It is also easier and quicker to create a GlobalTrader account than to create an Interactive Brokers account. Read our review of IBKR GlobalTrader
In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.
Recommended for traders looking for broad market access and a professional trading environment
| Pros | Cons |
|---|---|
|
• Low trading fees and high interest (up to 4.58% for USD) on cash balances
|
• Complicated account opening process
|
|
• Wide range of products
|
• Complex desktop trading platform
|
|
• Many great research tools
|
• Understaffed customer service
|
Fees
Interactive Brokers has low trading fees and the best margin rates in the industry. IB currently pays interest (up to 4.58% for USD) on cash balances if you have a $100k account (net asset value). For US clients, stock and ETF trading is free if they choose the Lite plan.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
None |
|
• Free stock and ETF trading for US clients
|
|
|
• Low margin rates
|
|
| Interactive Brokers | EasyEquities | |
|---|---|---|
| Apple benchmark fee | $2.3 | $10.3 |
| Vodafone benchmark fee | $8.2 | - |
| EURUSD benchmark fee | $14.8 | - |
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
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated and account verification takes relatively long.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Not user-friendly
|
|
• No minimum deposit for most account types
|
|
| Interactive Brokers | EasyEquities | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1-3 days | >3 days |
If you are interested more in Interactive Brokers minimum deposit, this overview will help you.
Deposit and withdrawal
Interactive Brokers offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.
| Pros | Cons |
|---|---|
|
• No deposit fee
|
• Credit/Debit card not available
|
|
• Several account base currencies
|
|
|
• First withdrawal free each month
|
|
| Interactive Brokers | EasyEquities | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | Yes |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
The Interactive Brokers web platform is simple and easy to use, even for beginners, however there are some minor but annoying glitches.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• User experience could be better
|
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Interactive Brokers | EasyEquities | |
|---|---|---|
| Web platform score | 3.8 stars | 3.3 stars |
| Mobile platform score | 3.5 stars | 4.3 stars |
| Desktop platform score | 3.8 stars | - |
Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.
Markets and products
At Interactive Brokers, you have access to an extremely wide range of markets and all product types are available.
| Interactive Brokers | EasyEquities | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | Yes | No |
| Bonds | Yes | No |
| Options | Yes | No |
| Futures | Yes | No |
| CFDs | Yes | No |
| Crypto | Yes | Yes |
Verdict
Interactive Brokers is one of the biggest US-based lowest spread brokers, regulated by several top-tier regulators globally. We recommend this broker both for advanced traders and for everyday investors who want to have access to many stock markets.
On the plus side, IB offers very low fees, a vast range of markets and products, and diverse research tools. IB currently also pays a high interest on cash balances in several currencies.
There are some drawbacks, however. We weren't satisfied with the quality of the customer service and the account opening process is complicated. Unlike the web and mobile platforms, the desktop platform is complex and hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers is a great fit for you.
| Interactive Brokers | |
|---|---|
| Summary | Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. |
| Fees score | 4.4 stars |
| Recommended for | Traders looking for broad market access and a professional trading environment |
EasyEquities 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 | EasyEquities | |
|---|---|---|
| Apple benchmark fee | $0.3 | $10.3 |
| Vodafone benchmark fee | - | - |
| EURUSD benchmark fee | - | - |
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 | EasyEquities | |
|---|---|---|
| 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.
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 | EasyEquities | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | Yes |
| 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 | EasyEquities | |
|---|---|---|
| Web platform score | 3.8 stars | 3.3 stars |
| Mobile platform score | 4.8 stars | 4.3 stars |
| Desktop platform score | 2.3 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 | EasyEquities | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | No | No |
| Funds | Yes | No |
| Bonds | Yes | No |
| Options | Yes | No |
| Futures | Yes | No |
| CFDs | No | No |
| 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 |
EasyEquities alternatives
EasyEquities
EasyEquities is a South African stockbroker founded in 2014. EasyEquities is regulated by South Africa's Financial Sector Conduct Authority (FSCA) and the Australian Securities and Investments Commission (ASIC). EasyEquities is part of the Purple Group, which is listed on the Johannesburg Stock Exchange.
EasyEquities is considered safe because it is regulated by the top-tier ASIC and its parent company is listed on an exchange.
Recommended for long-term investors focusing on stocks and etfs
| Pros | Cons |
|---|---|
|
• Low trading fees and non-trading fees
|
• Poor customer service
|
|
• Excellent educational materials
|
• Basic research tools
|
|
• Easy and fully digital account opening
|
• Limited product selection
|
Fees
EasyEquities has low South African stock and ETF fees, and there's also no fee for inactivity or withdrawal. However, it charges a fee for credit/debit card deposit.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
• Deposit fee for credit/debit cards
|
|
• Low non-trading fees
|
|
|
• Low stock and ETF fees
|
|
| EasyEquities | Saxo Bank | Interactive Brokers | TradeStation | |
|---|---|---|---|---|
| US stock | $5.0 | $10.0 | $1.0 | $0.0 |
| UK stock | - | $9.9 | $3.7 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
Account opening at EasyEquities is fully digital and requires no minimum deposit. However, verifying the account took more than a week for us.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Slow account verification
|
|
• No minimum deposit
|
|
| EasyEquities | Saxo Bank | Interactive Brokers | TradeStation | |
|---|---|---|---|---|
| Minimum deposit | $0 | $2,000 | $0 | $0 |
| Time to open account | >3 days | 1 day | 1-3 days | 1 day |
Learn more about EasyEquities minimum deposit here.
Deposit and withdrawal
EasyEquities offers free withdrawal, and ZAR account holders can use credit/debit cards for transactions. However, a fee is charged for depositing with a credit card.
| Pros | Cons |
|---|---|
|
• Free withdrawal
|
• Fee charged for credit/debit card deposit
|
|
• Credit/debit cards accepted for ZAR accounts
|
• Electronic wallets not accepted
|
| EasyEquities | Saxo Bank | Interactive Brokers | TradeStation | |
|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | No | No | No |
| Electronic wallets | No | No | No | No |
| Withdrawal fee | $0 | $0 | $0 | $0 |
Web trading platform
EasyEquities has a user-friendly web trading platform with clear fee reports and excellent search functions. However, there is no two-step login and customizability is limited.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• No two-step (safer) login
|
|
• Clear fee report
|
• Limited customizability (for charts, workspace)
|
|
• Good search function
|
• Limited order types
|
| EasyEquities | Saxo Bank | Interactive Brokers | TradeStation | |
|---|---|---|---|---|
| Web platform score | 3.3 stars | 5.0 stars | 3.8 stars | 3.8 stars |
| Mobile platform score | 4.3 stars | 5.0 stars | 3.5 stars | 4.8 stars |
| Desktop platform score | - | 5.0 stars | 3.8 stars | 2.3 stars |
Learn more about EasyEquities's web trading platform in the detailed EasyEquities review.
Markets and products
At EasyEquities, you can invest only in stocks, ETFs and some pre-defined portfolios. However, many other popular asset classes such as bonds or forex are missing.
| EasyEquities | Saxo Bank | Interactive Brokers | TradeStation | |
|---|---|---|---|---|
| Stocks | Yes | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes | Yes |
| Forex | No | Yes | Yes | No |
| Funds | No | Yes | Yes | Yes |
| Bonds | No | Yes | Yes | Yes |
| Options | No | Yes | Yes | Yes |
| Futures | No | Yes | Yes | Yes |
| CFDs | No | Yes | Yes | No |
| Crypto | Yes | Yes | Yes | Yes |
Verdict
EasyEquities is a solid South African stockbroker.
As a plus, its stock and ETF fees are low. There is also no withdrawal or inactivity fee. The quality of educational materials and the account opening process is great.
On the negative side, customer service is not very responsive, especially as there is no live chat support. Research tools are rather basic, and the product selection is quite limited.
Feel free to try EasyEquities as there is no inactivity fee or minimum deposit for standard accounts.
| EasyEquities | |
|---|---|
| Summary | EasyEquities is a South African stockbroker, authorized by the Financial Sector Conduct Authority (FSCA). |
| Fees score | 4.2 stars |
| Recommended for | Long-term investors focusing on stocks and ETFs |
EasyEquities alternatives
Bottom line
Based on our analysis, there are several good alternatives to EasyEquities. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| EasyEquities | South African stockbroker | Long-term investors focusing on stocks and ETFs |
| Saxo Bank | Danish investment bank | Investors and traders looking for a great trading platform and solid research |
| Interactive Brokers | International broker providing all asset classes | Traders looking for broad market access and a professional trading environment |
| 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.
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