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Interactive Brokers Alternatives

May 2019
Our top picks for Interactive Brokers alternatives
Saxo Bank
DEGIRO
Interactive Brokers Alternatives

The best alternatives to Interactive Brokers are

  1. Saxo Bank - Danish investment bank
  2. DEGIRO - Dutch discount broker
  3. Swissquote - Swiss investment bank
  4. Tradestation - US stockbroker

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

Interactive Brokers alternatives comparison
Interactive Brokers Saxo Bank DEGIRO Swissquote Tradestation
Overall score 4.8 4.7 4.7 4.5 4.4
Fees score 4 stars 3 stars 5 stars 2 stars 4 stars
Account opening score 3 stars 3 stars 5 stars 5 stars 4 stars
Deposit and withdrawal score 2 stars 5 stars 3 stars 4 stars 2 stars
Web platform score 4 stars 5 stars 4 stars 3 stars 4 stars
Markets and products score 5 stars 4 stars 3 stars 5 stars 2 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Why are these brokers considered good alternatives to Interactive Brokers? There are many areas based on which Interactive Brokers can be compared with others. When we say a given online broker is a good alternative to Interactive Brokers 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.

Interactive Brokers 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:

  • Interactive Brokers is recommended for traders who prefer low fees and a professional trading environment
  • Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
  • DEGIRO is recommended for price-sensitive buy and hold investors and traders looking for only execution
  • Swissquote is recommended for affluent investors valuing safety and being ok with higher fees
  • Tradestation is recommended for traders wanting great research tools and preferring the us markets

Important factors of finding Interactive Brokers alternatives

So far Brokerchooser has reviewed 56 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 Interactive Brokers 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. Interactive Brokers is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Interactive Brokers 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 Interactive Brokers, 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 Interactive Brokers alternative is a must.


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

Interactive Brokers alternatives
Interactive Brokers

4.8 5 stars

Best online broker

Interactive Brokers logo

Interactive Brokers was founded in 1978 and it is one of the biggest US-based discount brokers. It is regulated by several regulators globally, including top-tier authorities like FCA and SEC. Interactive Brokers Group is listed on the New York Stock Exchange.

Interactive Brokers is considered safe because it has a long track record, is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

Recommended for traders who prefer low fees and a professional trading environment

Pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
Cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform

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Fees 4 stars

Interactive Brokers has low trading fees and high non-trading fees. The fees are transparent.
Pros
  • Low trading fees
  • Transparent fee structure
Cons
  • Inactivity fee
Interactive Brokers alternatives trading fees
Interactive Brokers Saxo Bank DEGIRO Swissquote Tradestation
Apple benchmark fee $2.2 $20.0 $1.4 $30.2 $2.2
Vodafone benchmark fee $17.9 $15.0 $5.2 $73.0 -
EURUSD benchmark fee $23.0 $58.4 - $18.9 -

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

More Visit broker

Account opening 3 stars

The account opening process is fully digital, but slow and complicated.
Pros
  • Fully digital account opening
  • No minimum deposit for most accounts
Cons
  • Slow account opening
  • Not user-friendly
  • Confusing messages throughout the process
Interactive Brokers alternatives minimum deposit and account open times
Interactive Brokers Saxo Bank DEGIRO Swissquote Tradestation
Minimum deposit $0 $725 $0 $0 $500
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

Learn more about Interactive Brokers minimum deposit here.

More Visit broker

Deposit and withdrawal 2 stars

Interactive Brokers offers a lot of base currencies and one withdrawal per month is free. On the negative side, only bank transfer is available.
Pros
  • Several account base currencies
  • No charge for the first withdrawal each month
Cons
  • Credit/Debit card not available
  • Slow funding and withdrawal - over 3 days
Interactive Brokers and alternatives withdrawal options and fees
Interactive Brokers Saxo Bank DEGIRO Swissquote Tradestation
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $10 $35

More Visit broker

Web trading platform 4 stars

The Interactive Brokers web platform is simple and easy to use, even for beginners. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Cons
  • Limited customizability (for charts, workspace)
Interactive Brokers - Web trading platform
Interactive Brokers and alternatives trading platform scores
Interactive Brokers Saxo Bank DEGIRO Swissquote Tradestation
Web platform score 4 stars 5 stars 4 stars 3 stars 4 stars
Mobile platform score 4 stars 5 stars 4 stars 3 stars 5 stars
Desktop platform score 3 stars 5 stars - - 3 stars

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

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Markets and products 5 stars

Interactive Brokers allows you access to a very wide range of markets and you can trade with all product types. IB's product range is the widest available.
Interactive Brokers and alternatives markets and products
Interactive Brokers Saxo Bank DEGIRO Swissquote Tradestation
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No Yes No
Fund Yes No Yes Yes Yes
Bond Yes Yes Yes Yes No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes Yes Yes Yes No
Crypto Yes Yes Yes Yes No

More Visit broker

Verdict

IB is one of the biggest discount US brokers regulated by top-tier regulators. If you like low-cost trading and easily navigate on a really complicated platform, Interactive Brokers is for you. We mainly recommend IB for traders.

It has low trading fees, a wide range of product portfolio, and diverse research tools. 

On the flip side, only bank transfer is available for deposit and withdrawal. The account opening and the desktop platform are not user-friendly and complicated.

Interactive Brokers is definitely recommended if you want low fees, a lot of products and you are experienced to cope with a complicated platform.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. IB is listed on stock exchange and regulated by several authorities, like the top-tier FCA and SEC.
Fees score 4 stars
Recommended for Traders who prefer low fees and a professional trading environment

More Visit broker

Interactive Brokers alternatives
Saxo Bank

4.7 5 stars

Best trading platform

Saxo Bank logo

Saxo Bank is a Danish investment bank providing online trading and investments. It is a leading European retail brokerage innovator. Saxo is privately owned, established in 1992, and headquartered in Copenhagen.

Saxo is considered safe as it is regulated worldwide by more than 10 financial regulators, including top-tier regulators, like the UK FCA.

Recommended for investors and traders looking for a great trading platform and solid research

Pros
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
Cons
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat

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Fees 3 stars

Saxo Bank has average trading and non-trading fees.
Pros
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
Cons
  • Inactivity fee
  • High financing rate
  • High forex, bond, options and futures fees
Interactive Brokers vs. Saxo Bank: Trading fees
Saxo Bank Interactive Brokers
Apple benchmark fee $20.0 $2.2
Vodafone benchmark fee $15.0 $17.9
EURUSD benchmark fee $58.4 $23.0

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

More Visit broker

Account opening 3 stars

Account opening is available for residents of almost every country and is fully digital.
Pros
  • Fast account opening
  • Fully digital account opening
  • Available for residents of almost every country
Cons
  • Minimum deposit is higher than $500
  • Sales team pushy
  • Classic accounts available only in a single currency
Interactive Brokers vs. Saxo Bank: Minimum deposit, time to open an account
Saxo Bank Interactive Brokers
Minimum deposit $725 $0
Time to open account 1-3 days 1-3 days

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

More Visit broker

Deposit and withdrawal 5 stars

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card withdrawal not available
Interactive Brokers vs. Saxo Bank: Withdrawal options
Saxo Bank Interactive Brokers
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

Web trading platform 5 stars

Saxo Bank's web trading platform is easy-to-use and well-designed. However, it doesn't provide a two-step login and the customizability is limited.
Pros
  • User-friendly
  • Good search function
  • Looks appealing
Cons
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
Web trading platform of Saxo Bank, a Interactive Brokers alternative
Interactive Brokers vs. Saxo Bank: Trading platform scores
Saxo Bank Interactive Brokers
Web platform score 5 stars 4 stars
Mobile platform score 5 stars 4 stars
Desktop platform score 5 stars 3 stars

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

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Markets and products 4 stars

At Saxo Bank you can reach many markets and trade with a lot of different products, except for funds.
Interactive Brokers vs. Saxo Bank: Markets and products
Saxo Bank Interactive Brokers
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund No Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD Yes Yes
Crypto Yes Yes

More Visit broker

Verdict

Saxo Bank is a great broker, providing a complex and good service.

It has the best trading platforms backed by great research. The product portfolio is covering all important international markets and asset classes.

It has some drawbacks though. The fees for forex, bond, options, and futures are high. The account opening can take long and the live chat is missing.

In general, Saxo Bank is one of the best online brokerage companies you can choose. By opening an account, you end up with a broad, well-developed service.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier FCA.
Fees score 3 stars
Recommended for Investors and traders looking for a great trading platform and solid research

More Visit broker

Interactive Brokers alternatives
DEGIRO

4.7 5 stars

Best discount broker

DEGIRO logo

DEGIRO is a trending Dutch online discount broker. It is privately owned and was established in 2013 by former employees of another brokerage company.

DEGIRO is considered safe as it is regulated by top-tier financial regulators, the Dutch AFM and DNB. It is registered with the Chamber of Commerce and Industry in Amsterdam under number 34342820.

Recommended for price-sensitive buy and hold investors and traders looking for only execution

Pros
  • One of the lowest fees in the market
  • Broad access to international markets
  • Easy to use web and mobile platform
Cons
  • Limited research and education
  • No forex trading
  • No credit/debit card deposit and withdrawal

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Fees 5 stars

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best in the market. There are some ETFs which you can trade free once per month. It's a great offer for buy-and-hold investors.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
  • At some ETFs, one free trade per month
Cons
  • Yearly service fee for mutual funds
  • Higher trading fees for Asian and smaller European stock exchanges
Interactive Brokers vs. DEGIRO: Trading fees
DEGIRO Interactive Brokers
Apple benchmark fee $1.4 $2.2
Vodafone benchmark fee $5.2 $17.9
EURUSD benchmark fee - $23.0

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

More Visit broker

Account opening 5 stars

DEGIRO has an easy and fast account opening process. Also, there is no minimum deposit.
Pros
  • Fully digital account opening
  • No minimum deposit
  • User-friendly
Cons
None
Interactive Brokers vs. DEGIRO: Minimum deposit, time to open an account
DEGIRO Interactive Brokers
Minimum deposit $0 $0
Time to open account 1 day 1-3 days

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

More Visit broker

Deposit and withdrawal 3 stars

DEGIRO deposit and withdrawal is free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card not available
Interactive Brokers vs. DEGIRO: Withdrawal options
DEGIRO Interactive Brokers
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

Web trading platform 4 stars

DEGIRO’s web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Two-step (safer) login
  • Looks appealing
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
Web trading platform of DEGIRO, a Interactive Brokers alternative
Interactive Brokers vs. DEGIRO: Trading platform scores
DEGIRO Interactive Brokers
Web platform score 4 stars 4 stars
Mobile platform score 4 stars 4 stars
Desktop platform score - 3 stars

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

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Markets and products 3 stars

At DEGIRO you can access many markets and trade with a lot of different products, except for forex.
Interactive Brokers vs. DEGIRO: Markets and products
DEGIRO Interactive Brokers
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD Yes Yes
Crypto Yes Yes

More Visit broker

Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend a fortune on fees.

It is far cheaper than its big European competitors and only Interactive Brokers can compete with DEGIRO fees. DEGIRO also has great access to international markets and trading products. And it is als one of the best trading platforms for Europeans.

However, cheapness comes with some shortfalls. Education and research tools are limited, there is no forex trading and limited deposit and withdrawal options.

All in all, it is a great online broker. As there is no minimum deposit and no inactivity fee, feel free to try it out.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA.
Fees score 5 stars
Recommended for Price-sensitive buy and hold investors and traders looking for only execution

More Visit broker

Interactive Brokers alternatives
Swissquote

4.5 5 stars

Best for funds

Swissquote logo

Swissquote is a Swiss investment bank, established in 1996. It has two main arms: 

The Swiss arm for stocks, funds, options, and futures

The UK arm for CFDs, and FX

Formally, Swissquote Bank Ltd is based in Switzerland and regulated by FINMA, the Swiss financial regulator. This one offers stocks, funds, bonds, futures and options. The other, Swissquote Ltd is UK based, regulated by the FCA, the UK financial regulator, and offers CFDs and FX.

Swissquote is considered safe because Swissquote Bank Ltd has a banking license, it is listed on the Swiss stock exchange, and discloses detailed financials regularly.  

For clarity, we will call the Switzerland Swissquote for stocks "Swissquote (CH)", and the UK Swissquote for CFDs and FX "SwissquoteForex (UK)".

Recommended for affluent investors valuing safety and being ok with higher fees

Pros
  • Extensive market and product access
  • High investor protection amount
  • Digital account opening
Cons
  • High trading fees
  • Overcomplicated trading platform
  • Better part of the research not free

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Fees 2 stars

Swissquote has high trading fees and average non-trading fees. As a plus, there is no inactivity fee.
Pros
  • No inactivity fee
Cons
  • High trading fees
  • Withdrawal fee
Interactive Brokers vs. Swissquote: Trading fees
Swissquote Interactive Brokers
Apple benchmark fee $30.2 $2.2
Vodafone benchmark fee $73.0 $17.9
EURUSD benchmark fee $18.9 $23.0

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

More Visit broker

Account opening 5 stars

Swissquote offers a fast, easy, and fully digital account opening. Also, there is no minimum account balance requirement for Swissquote (CH).
Pros
  • Fast account opening
  • Fully digital account opening
  • No minimum deposit for Swissquote (CH)
Cons
  • Video identification of documents may not be available for some locations
  • High minimum deposit for SwissquoteForex (UK)
Interactive Brokers vs. Swissquote: Minimum deposit, time to open an account
Swissquote Interactive Brokers
Minimum deposit $0 $0
Time to open account 1 day 1-3 days

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

More Visit broker

Deposit and withdrawal 4 stars

The depsoit is fast and user-friendly. On the flip side, you can only withdraw by bank transfer.
Pros
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card deposit
Cons
  • Credit card withdrawal is not available
  • Withdrawal is not user-friendly
Interactive Brokers vs. Swissquote: Withdrawal options
Swissquote Interactive Brokers
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $10 $0

More Visit broker

Web trading platform 3 stars

The Swissquote (CH) platform has a lot of functions, even too many. It can get complicated. SwissquoteForex (UK)' MetaTrader 4 is a well thought out platform.
Pros
  • Two-step (safer) login
  • Price alerts
  • Available in several languages
Cons
  • Poor search function
  • Limited order types
Web trading platform of Swissquote, a Interactive Brokers alternative
Interactive Brokers vs. Swissquote: Trading platform scores
Swissquote Interactive Brokers
Web platform score 3 stars 4 stars
Mobile platform score 3 stars 4 stars
Desktop platform score - 3 stars

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

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Markets and products 5 stars

At Swissquote(CH) you can reach many markets and trade with a lot of different product types. At SwissquoteForex (UK) you can trade only Forex and some CFDs.
Interactive Brokers vs. Swissquote: Markets and products
Swissquote Interactive Brokers
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

More Visit broker

Verdict

Swissquote has a rock solid background. It is Swiss, it is listed, it is a bank. It has two entities, one in the UK and one in Switzerland. If you open an account at the London-based entity, you can trade with forex and CFDs, while the Swiss entity gives you access to a wide range of asset classes from stocks to options.

Swissquote has an easy and fast account opening. We really liked its market and product coverage. There are lot of stocks, mutual funds, and a lot of different type of products from bonds to cryptos.

However, nothing comes for free. The trading fees are relatively high. 

All in all, Swissquote is a great provider. As there is no minimum deposit requirements and no inactivity fee, feel free to try it out.

Swissquote
Summary Swissquote is Swiss online broker with its own banking background. It is listed on the Swiss exchange and regulated several authorities globally, including the top-tier FCA.
Fees score 2 stars
Recommended for Affluent investors valuing safety and being ok with higher fees

More Visit broker

Interactive Brokers alternatives
Tradestation

4.4 4 stars

Tradestation logo

TradeStation is a US broker with a long history dating back to 1982. Its parent company, the Monex Group is listed on the Tokyo stock exchange.

TradeStation is considered safe as it is regulated by a top-tier regulator, the US FINRA. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.

Recommended for traders wanting great research tools and preferring the us markets

Pros
  • Great mobile trading platform
  • Wide range of reserach tools
  • High-quality educational tools
Cons
  • Not user-friendly deposit and withdrawal
  • No forex
  • Bad customer service

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Fees 4 stars

TradeStation has low trading fees and there are multiple fee structures to choose from. Non-trading fees, like inactivity fees are high.
Pros
  • Low trading fees
  • More fee structures you can choose from
Cons
  • High non-trading fees
Interactive Brokers vs. Tradestation: Trading fees
Tradestation Interactive Brokers
Apple benchmark fee $2.2 $2.2
Vodafone benchmark fee - $17.9
EURUSD benchmark fee - $23.0

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

More Visit broker

Account opening 4 stars

TradeStation account opening is fully digital and user-friendly. On the other hand, it takes more days until your account is approved.
Pros
  • Fully digital account opening
  • User-friendly
Cons
  • Slow account opening
Interactive Brokers vs. Tradestation: Minimum deposit, time to open an account
Tradestation Interactive Brokers
Minimum deposit $500 $0
Time to open account 1-3 days 1-3 days

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

More Visit broker

Deposit and withdrawal 2 stars

TradeStation deposit and withdrawal can be improved. As a plus, the deposit is free. However, you can use only bank transfer and there is a high, $35 withdrawal fee.
Pros
  • No deposit fee
Cons
  • Credit/Debit card not available
  • Not user-friendly
  • High withdrawal fee (for non-US clients $35 /tansaction)
Interactive Brokers vs. Tradestation: Withdrawal options
Tradestation Interactive Brokers
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $35 $0

More Visit broker

Web trading platform 4 stars

TradeStation has a good web trading platform. It is user-friendly with and looks nice. It also offers a great order management. On the flip side, it lacks the alerts and the clear fee reports.
Pros
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
Cons
  • No clear fee report available
  • No price alerts
Web trading platform of Tradestation, a Interactive Brokers alternative
Interactive Brokers vs. Tradestation: Trading platform scores
Tradestation Interactive Brokers
Web platform score 4 stars 4 stars
Mobile platform score 5 stars 4 stars
Desktop platform score 3 stars 3 stars

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

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Markets and products 2 stars

TradeStation gives you access to a wide variety of US products. However, its non-US offer is not competitive. The forex, CFDs and cryptos are missing.
Interactive Brokers vs. Tradestation: Markets and products
Tradestation Interactive Brokers
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond No Yes
Options Yes Yes
Futures Yes Yes
CFD No Yes
Crypto No Yes

More Visit broker

Verdict

TradeStation is a great US broker.

The mobile platform is very user-friendly with many functions. It also offers great research tools, including a wide range of analytical tools. Lastly, education is well-structured and high-quality. 

On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. It lacks many asset classes, e.g. forex or CFDs. The customer service can be improved as the response time at email and chat support are very slow.

Feel free to try TradeStation if you prefer Recommended for buy and hold investors with any experience level.

Tradestation
Summary TradeStation is a US stockbroker regulated by FINRA, the top-tier US regulator.
Fees score 4 stars
Recommended for Traders wanting great research tools and preferring the US markets

More Visit broker

Interactive Brokers alternatives
Bottom line

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

Interactive Brokers alternatives
Broker Info Recommended for
Interactive Brokers US discount broker Traders who prefer low fees and a professional trading environment
Saxo Bank Danish investment bank Investors and traders looking for a great trading platform and solid research
DEGIRO Dutch discount broker Price-sensitive buy and hold investors and traders looking for only execution
Swissquote Swiss investment bank Affluent investors valuing safety and being ok with higher fees
Tradestation US stockbroker Traders wanting great research tools and preferring the US markets

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

AUTHOR

Dan Sallai
Dan Sallai
CMO
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.
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