Interactive Brokers Logo
Our top picks for Interactive Brokers alternatives
Saxo Bank
4.8
Visit broker
DEGIRO
4.7
Visit broker
Waiting list and longer account opening time
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 4.9 4.8 4.7 4.7 4.7
Fees score 4.3 2.9 5.0 2.3 4.3
Account opening score 3.4 3.1 5.0 4.0 5.0
Deposit and withdrawal score 2.5 4.8 3.3 4.1 1.8
Web platform score 4.3 4.5 3.9 4.2 4.5
Markets and products score 5.0 5.0 3.6 4.9 2.5
Visit broker Visit broker Visit broker
Waiting list and longer account opening time
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 looking for 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 only to carry out transactions
  • Swissquote is recommended for affluent investors who value safety and are ok with higher fees
  • Tradestation is recommended for traders focusing on us markets and buy-and-hold investing

Important factors of finding Interactive Brokers alternatives

So far BrokerChooser has reviewed 58 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

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. 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).

As it has licenses from multiple top-tier regulators, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Wide range of products Extremely complex desktop trading platform
Many great research tools Complicated account opening process
Regulated by several authorities High inactivity fee

Visit broker

Fees
4.3

Interactive Brokers has low trading fees and for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Low stock and ETF fees
Low financing rate
Free stock and ETF trading for US clients
Interactive Brokers alternatives trading fees
Interactive Brokers Saxo Bank DEGIRO Swissquote Tradestation
US stock $1.0 $10.0 $0.6 $25.0 $1.0
UK stock $7.2 $9.6 $2.4 $30.0 -

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

Visit broker More

Account opening
3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the online registration is complicated and account verification takes around 2 business days.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most accounts types Confusing messages throughout the process
Interactive Brokers alternatives minimum deposit and account open times
Interactive Brokers Saxo Bank DEGIRO Swissquote Tradestation
Minimum deposit $0 $600 $0 $0 $500
Time to open account 1-3 days 1-3 days 1 day 1 day 1 day

Learn more about Interactive Brokers minimum deposit here.

Visit broker More

Deposit and withdrawal
2.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
First withdrawal each month free
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

Visit broker More

Web trading platform
4.3

Interactive Brokers's web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Interactive Brokers - Web trading platform
Interactive Brokers and alternatives trading platform scores
Interactive Brokers Saxo Bank DEGIRO Swissquote Tradestation
Web platform score 4.3 4.5 3.9 4.2 4.5
Mobile platform score 3.5 4.5 4.5 4.7 4.8
Desktop platform score 3.0 4.5 - - 2.5

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

Visit broker

Markets and products
5.0

Through Interactive Brokers you can access an extremely wide range of markets, with every product type 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 Yes Yes Yes Yes
Bond Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes Yes Yes
CFD Yes Yes No Yes No
Crypto Yes Yes Yes Yes No

Visit broker More

Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker for advanced traders.

On the plus side, IB has a vast range of markets and products available, with diverse research tools and low costs

There are some drawbacks though: there is a high inactivity fee and the account opening process is complicated. The desktop platform is complex and hard-to-understand, especially for beginners.

If you have experience navigating complex platforms and you like transparent low-cost trading, Interactive Brokers could be 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 4.3
Recommended for Traders looking for low fees and a professional trading environment

Visit broker More

Interactive Brokers alternatives
Saxo Bank

Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). 

Saxo Bank is a global service provider. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, has a banking background, and is regulated by top-tier financial authorities.

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

Visit broker

Fees
2.9

Saxo Bank has average trading and non-trading fees overall. The fees for forex, mutual funds and stock index CFDs are low, while they are average for real stocks, ETFs or stock CFDs. Bond, options and futures fees are high.
Pros Cons
Low fund fees Inactivity fee
No withdrawal fee High bond, options and futures fees
Transparent fee structure
Lower fees for Platinum and VIP clients
Interactive Brokers vs. Saxo Bank: Trading fees
Saxo Bank Interactive Brokers
Apple benchmark fee $20.2 $2.2
Vodafone benchmark fee $19.7 $14.9
EURUSD benchmark fee $15.5 $17.9

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

Visit broker More

Account opening
3.1

Saxo's account opening is fully digital, user-friendly, and available in most of the world. On the other hand, the minimum deposit is high, and account verification can take longer.
Pros Cons
Fully digital Minimum deposit can be $10,000 high
User-friendly Relatively slow account verification
Available in almost every country
Interactive Brokers vs. Saxo Bank: Minimum deposit, time to open an account
Saxo Bank Interactive Brokers
Minimum deposit $600 $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.

Visit broker More

Deposit and withdrawal
4.8

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
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

Visit broker More

Web trading platform
4.5

Saxo Bank's web trading platform is one of the best among online brokers. It's easy to use, but also provides features favored by professionals, such as an advanced order panel. On the negative side, there is no two-step login.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
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 4.5 4.3
Mobile platform score 4.5 3.5
Desktop platform score 4.5 3.0

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

Visit broker

Markets and products
5.0

Saxo Bank's product portfolio is great. It covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where its selection could be improved.
Interactive Brokers vs. Saxo Bank: Markets and products
Saxo Bank 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

Visit broker More

Verdict

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

Saxo 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. 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 responding to the needs of clients.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 2.9
Recommended for Investors and traders looking for a great trading platform and solid research

Visit broker More

Interactive Brokers alternatives
DEGIRO

DEGIRO review - Waiting list

Compare to best alternative

Disclaimer: As of March 25, 2020, DEGIRO has introduced a temporary waiting list for new client registrations, until further notice. This is due to the surge of new registrations amid the ongoing heavy market volatility. Because of this situation, the account creation process may take much longer, although it is uncertain how long exactly. We will update the review as we find out more details.

Be also aware that investing involves a risk of loss.

DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.

DEGIRO is regulated by top-tier financial authorities, the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.

Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Pros Cons
One of the lowest fees on the market Limited research and education
Fast and seamless account opening No forex trading
Easy to use web and mobile trading platform No credit/debit card deposit and withdrawal

Visit broker
Waiting list and longer account opening time

Fees
5.0

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best on the market. There are some ETFs that you can trade once a month for free, which is a great deal for buy-and-hold investors.
Pros Cons
Low trading fees Higher trading fees for Asian and smaller European stock exchanges
Low non-trading fees
Low stock and ETF fees
Interactive Brokers vs. DEGIRO: Trading fees
DEGIRO Interactive Brokers
Apple benchmark fee $1.4 $2.2
Vodafone benchmark fee $5.3 $14.9
EURUSD benchmark fee - $17.9

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

Visit broker More
Waiting list and longer account opening time

Account opening
5.0

As of March 25, 2020, DEGIRO has introduced a waiting list for new accounts. Expect longer waiting times for an otherwise easy and fast account opening process. No minimum deposit is required.
Pros Cons
Fast Waiting list and longer account opening time
Fully digital
No minimum deposit
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.

Visit broker More
Waiting list and longer account opening time

Deposit and withdrawal
3.3

DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
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

Visit broker More
Waiting list and longer account opening time

Web trading platform
3.9

DEGIRO's web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, you cannot set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Web trading platform of DEGIRO, a Interactive Brokers alternative
Interactive Brokers vs. DEGIRO: Trading platform scores
DEGIRO Interactive Brokers
Web platform score 3.9 4.3
Mobile platform score 4.5 3.5
Desktop platform score - 3.0

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

Visit broker
Waiting list and longer account opening time

Markets and products
3.6

At DEGIRO you can access many markets and trade with a lot of different products. CFD and forex are not available.
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 No Yes
Crypto Yes Yes

Visit broker More
Waiting list and longer account opening time

Verdict

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

It is far cheaper than its big European competitors and only TradeStation Global comes close to competing with DEGIRO's fees. The account opening process is also fast, you will usually have your account ready to use within a day. It is also one of the best trading platforms for Europeans.

However, its low prices come with some shortfalls. Education and research tools are limited, there is no forex trading, and you can only deposit and withdraw money by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA. As of March 25, 2020, DEGIRO introduced a waiting list for new customers. Longer than usual account opening times are expected.
Fees score 5.0
Recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Visit broker More
Waiting list and longer account opening time

Interactive Brokers alternatives
Swissquote

Swissquote is a Swiss investment bank established in 1996. It has two main trading arms: a Swiss unit for trading stocks, funds, options and futures and a company in the UK for CFDs and forex.

Formally, Swissquote Bank Ltd is based in Switzerland and is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the country's financial regulator.

The other entity, Swissquote Ltd, is UK-based and offers CFDs and forex. It is regulated by the Financial Conduct Authority (FCA), the UK's financial authority.

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

For clarity, in this review we focus on the Swiss entity, but also discuss services of the UK arm, especially in the case of CFD and forex trading. To make it clear which company we are talking about, we will refer to the Swiss entity as "Swissquote (CH)" and to the UK-based entity as "Swissquote Forex (UK)".

Recommended for affluent investors who value safety and are ok with higher fees

Pros Cons
Access to many markets and products High trading fees
No inactivity fee Confusing trading platform selection
Rock-solid background Some research tools are not free

Visit broker

Fees
2.3

Swissquote doesn't charge an inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including for stocks and ETFs, and there is a fee for withdrawing your money.
Pros Cons
Low forex fees High trading fees
Low fund fees High stock and ETF fees
No inactivity fee High bond fees
Interactive Brokers vs. Swissquote: Trading fees
Swissquote Interactive Brokers
Apple benchmark fee $50.2 $2.2
Vodafone benchmark fee $60.5 $14.9
EURUSD benchmark fee $15.8 $17.9

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

Visit broker More

Account opening
4.0

Swissquote offers a fully digital account opening, although we encountered some technical difficulties during the identification process. There is no minimum deposit for trading accounts, but a high minimum for forex and robo-advisory accounts.
Pros Cons
Fully digital Technical difficulties
No minimum deposit for trading account Forex and robo-advisor accounts have high minimum
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.

Visit broker More

Deposit and withdrawal
4.1

Depositing at Swissquote is quick with credit/debit card and can be done in several base currencies. On the negative side, you can only withdraw money via bank transfer.
Pros Cons
Quick deposit and withdrawal - within 3 days Credit/Debit card withdrawal not available
Several account base currencies for forex account
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

Visit broker More

Web trading platform
4.2

The Swissquote (CH) eTrading platform has a lot of functions, so many that sometimes it can get complicated. Customizability is good and a there is a clear overview of trading fees, but you may run into some bugs.
Pros Cons
Clear fee report Account login and search function bugs
Good customizability (for charts, workspace) Easy to get lost among functions
Available in several languages
Web trading platform of Swissquote, a Interactive Brokers alternative
Interactive Brokers vs. Swissquote: Trading platform scores
Swissquote Interactive Brokers
Web platform score 4.2 4.3
Mobile platform score 4.7 3.5
Desktop platform score - 3.0

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

Visit broker

Markets and products
4.9

At Swissquote (CH) you have access to many markets and trade with a lot of different product types. At Swissquote Forex (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

Visit broker More

Verdict

Swissquote is an investment bank with a rock-solid background:

  • It is Swiss,
  • it is listed on an exchange
  • and it is a bank

It has two main entities, one in the UK and one in Switzerland. If you open an account at the London-based entity you can trade forex and CFDs, while the Swiss entity gives you access to asset classes ranging from stocks to options.

Swissquote offers a broad range of products across many markets. There are many stocks, mutual funds, and a lot of different other types of products, from bonds to cryptos.

However, nothing comes for free: Swissquote's trading fees are relatively high

All in all, Swissquote is a great stockbroker. As you can trade many products and no inactivity fee is charged, feel free to give it a try.

Swissquote
Summary Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA.
Fees score 2.3
Recommended for Affluent investors who value safety and are OK with higher fees

Visit broker More

Interactive Brokers 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 (cash up to $250,000) investor protection per account.

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 Poor customer service

Visit broker

Fees
4.3

Tradestation has low trading fees and high non-trading fees. You can choose from multiple fee structures, but you still have to pay withdrawal.
Pros Cons
Low trading fees High non-trading fees
Low stock and ETF fees Withdrawal fee
Multiple fee structures to choose from
Interactive Brokers vs. Tradestation: Trading fees
Tradestation Interactive Brokers
Apple benchmark fee $2.2 $2.2
Vodafone benchmark fee - $14.9
EURUSD benchmark fee - $17.9

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

Visit broker More

Account opening
5.0

Tradestation account opening is fully digital, user-friendly, and fast. On the other hand, the minimum deposit is $500 and multiple base currencies are only available for futures accounts.
Pros Cons
Fast $500 minimum deposit
Fully digital Multiple base currencies only for futures accounts
User-friendly
Interactive Brokers vs. Tradestation: Minimum deposit, time to open an account
Tradestation Interactive Brokers
Minimum deposit $500 $0
Time to open account 1 day 1-3 days

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

Visit broker More

Deposit and withdrawal
1.8

Tradestation's deposit and withdrawal could be better. For example, you can only use bank transfer and there is a high withdrawal fee. On the upside, the deposit is free and you can choose from multiple base currencies with a futures account.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies High withdrawal fee
Slow withdrawal - over 3 days
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

Visit broker More

Web trading platform
4.5

Tradestation has a good web trading platform. It is user-friendly and it looks nice, and it provides a two-step verification. On the flip side, it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Web trading platform of Tradestation, a Interactive Brokers alternative
Interactive Brokers vs. Tradestation: Trading platform scores
Tradestation Interactive Brokers
Web platform score 4.5 4.3
Mobile platform score 4.8 3.5
Desktop platform score 2.5 3.0

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

Visit broker

Markets and products
2.5

Tradestation gives you access to a wide variety of US products, but its non-US market coverage is not competitive. 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 Yes Yes
Options Yes Yes
Futures Yes Yes
CFD No Yes
Crypto No Yes

Visit broker More

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. 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. There is no forex trading, and the customer service is of poor quality.

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

Tradestation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.3
Recommended for Traders focusing on US markets and buy-and-hold investing

Visit broker More

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 looking for 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 only to carry out transactions
Swissquote Swiss investment bank Affluent investors who value safety and are OK with higher fees
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.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

Share

Comments

×