Internaxx Alternatives

May 2019
Our top picks for Internaxx alternatives
DEGIRO Saxo Bank
Internaxx Alternatives

The best alternatives to Internaxx are

  1. DEGIRO - Dutch discount broker
  2. Saxo Bank - Danish investment bank

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

Internaxx alternatives comparison
InternaxxDEGIROSaxo Bank
Overall score3.64.64.7
Fees score 1 stars 5 stars 3 stars
Account opening score 1 stars 5 stars 3 stars
Deposit and withdrawal score 3 stars 3 stars 5 stars
Web platform score 3 stars 4 stars 5 stars
Markets and products score 2 stars 3 stars 4 stars
Visit broker Visit broker Visit broker

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

Internaxx 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:

  • Internaxx is recommended for beginners and buy and hold investors
  • DEGIRO is recommended for price-sensitive buy and hold investors and traders looking for only execution
  • Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research

Important factors of finding Internaxx alternatives

So far Brokerchooser has reviewed 29 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 Internaxx 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. Internaxx is considered to be a rather expensive broker. This gives you a good chance to cut your costs by choosing a cheaper Internaxx 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 Internaxx, the account opening is slower than average, so if you consider this important some Internaxx 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 Internaxx, 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 Internaxx alternative is a must.


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


Internaxx

Internaxx logo

Internaxx is a Luxembourg-based online broker specialized in international investors and expats. It was established in 2000. It is regulated by CSSF, the Luxembourg financial regulator. 

Internaxx is considered safe because it is regulated by the top-tier Luxembourg regulator, it has a banking license, and the investor protection amount is high.

Recommended for beginners and buy and hold investors

Pros
  • Great research by Morningstar
  • Outstanding investment fund offering
  • Banking license and high investment protection
Cons
  • High fees
  • Slow and not fully digital account opening
  • Limited education materials

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Internaxx
Fees 1 stars

Internaxx offers high trading fees and average non-trading fees. It has an easy to understand fee structure.
Pros
  • Transparent fee structure
Cons
  • High trading fees
  • Inactivity fee
  • High financing rate
Internaxx alternatives trading fees
InternaxxDEGIROSaxo Bank
Apple benchmark fee$38.3$1.4$20.0
Vodafone benchmark fee$38.6$11.1$15.0
EURUSD benchmark fee$57.9-$58.4

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

More Visit broker

Internaxx
Account opening 1 stars

You can open an account without a required minimum amount. However, the process is not fully digital, you need to submit the docs by post.
Pros
  • No minimum account balance
Cons
  • Slow account opening
  • Not fully digital
  • Not user-friendly
Internaxx alternatives minimum deposit and account open times
InternaxxDEGIROSaxo Bank
Minimum deposit$0$0$725
Time to open account>3 days1 day1-3 days

Learn more about the Internaxx minimum deposit here.

More Visit broker

Internaxx
Deposit and withdrawal 3 stars

At Internaxx you can have your account in 9 different currencies. This is convenient. On the other side, you can deposit and withdraw only via a bank transfer.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available
Internaxx and alternatives withdrawal options and fees
InternaxxDEGIROSaxo Bank
Bank TransferYesYesYes
Credit/Debit cardNoNoNo
Electronic walletsNoNoNo
Withdrawal fee$0$0$0

More Visit broker

Internaxx
Web trading platform 3 stars

Internaxx has a well-designed and user-friendly web trading platform. However, it lacks the customizability, the two-step login and order types are limited.
Pros
  • User-friendly
  • Innovative functions (i.e. Chatbot)
  • Looks nice
Cons
  • No two-step (safe) login
  • Limited order types
  • No order confirmation
Internaxx - Web trading platform
Internaxx and alternatives trading platform scores
InternaxxDEGIROSaxo Bank
Web platform score 3 stars 4 stars 5 stars
Mobile platform score 3 stars 4 stars 5 stars
Desktop platform score-- 5 stars

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

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Internaxx
Markets and products 2 stars

At Internaxx you can trade with almost all asset classes except for bonds. You will have access to a great investment fund list while other asset classes are mid-range.
Internaxx and alternatives markets and products
InternaxxDEGIROSaxo Bank
StockYesYesYes
ETFYesYesYes
ForexYesNoYes
FundYesYesNo
BondNoYesYes
OptionsYesYesYes
FuturesYesYesYes
CFDYesYesYes
CryptoYesYesYes

More Visit broker

#1 Internaxx alternative - DEGIRO
DEGIRO

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.

Best discount broker

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 no education
  • No forex trading
  • No credit/debit card deposit and withdrawal

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DEGIRO
Fees 5 stars

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best in the market. There is one free ETF trading per month, a great offer for buy-and-hold investors.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
  • One free ETF trade per month
Cons
  • Yearly service fee for mutual funds
  • Higher trading fees for Asian and smaller European stock exchanges
Internaxx vs. DEGIRO: Trading fees
DEGIROInternaxx
Apple benchmark fee$1.4$38.3
Vodafone benchmark fee$11.1$38.6
EURUSD benchmark fee-$57.9

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

DEGIRO
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 account balance
  • User-friendly
Cons
None
Internaxx vs. DEGIRO: Minimum deposit, time to open an account
DEGIROInternaxx
Minimum deposit$0$0
Time to open account1 day>3 days

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

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DEGIRO
Deposit and withdrawal 3 stars

DEGIRO deposit and withdrawal is free of charge via bank transfer and SOFORT. 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 deposit and withdrawal not available
Internaxx vs. DEGIRO: Withdrawal options
DEGIROInternaxx
Bank TransferYesYes
Credit/Debit cardNoNo
Electronic walletsNoNo
Withdrawal fee$0$0

More Visit broker

DEGIRO
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 (safe) login
  • Looks nice
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
Web trading platform of DEGIRO, a Internaxx alternative
Internaxx vs. DEGIRO: Trading platform scores
DEGIROInternaxx
Web platform score 4 stars 3 stars
Mobile platform score 4 stars 3 stars
Desktop platform score--

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

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DEGIRO
Markets and products 3 stars

At DEGIRO you can access many markets and trade with a lot of different products, except for forex.
Internaxx vs. DEGIRO: Markets and products
DEGIROInternaxx
StockYesYes
ETFYesYes
ForexNoYes
FundYesYes
BondYesNo
OptionsYesYes
FuturesYesYes
CFDYesYes
CryptoYesYes

More Visit broker

#2 Internaxx alternative - Saxo Bank
Saxo Bank

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.

Best trading platform

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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Saxo Bank
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
Internaxx vs. Saxo Bank: Trading fees
Saxo BankInternaxx
Apple benchmark fee$20.0$38.3
Vodafone benchmark fee$15.0$38.6
EURUSD benchmark fee$58.4$57.9

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

Saxo Bank
Account opening 3 stars

Account opening is available for almost all residents and is fully digital.
Pros
  • Fast account opening
  • Fully digital account opening
  • Available for almost all residents
Cons
  • Minimum account balance is higher than $500
  • Sales team pushy
  • Only single currency account available at classic accounts
Internaxx vs. Saxo Bank: Minimum deposit, time to open an account
Saxo BankInternaxx
Minimum deposit$725$0
Time to open account1-3 days>3 days

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

More Visit broker

Saxo Bank
Deposit and withdrawal 5 stars

Saxo provides multiple deposit and withdraw options free of charge on a user-friendly interface.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available
Internaxx vs. Saxo Bank: Withdrawal options
Saxo BankInternaxx
Bank TransferYesYes
Credit/Debit cardNoNo
Electronic walletsNoNo
Withdrawal fee$0$0

More Visit broker

Saxo Bank
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 nice
Cons
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
Web trading platform of Saxo Bank, a Internaxx alternative
Internaxx vs. Saxo Bank: Trading platform scores
Saxo BankInternaxx
Web platform score 5 stars 3 stars
Mobile platform score 5 stars 3 stars
Desktop platform score 5 stars -

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

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Saxo Bank
Markets and products 4 stars

At Saxo Bank you can reach many markets and trade with a lot of different products except for funds.
Internaxx vs. Saxo Bank: Markets and products
Saxo BankInternaxx
StockYesYes
ETFYesYes
ForexYesYes
FundNoYes
BondYesNo
OptionsYesYes
FuturesYesYes
CFDYesYes
CryptoYesYes

More Visit broker

Internaxx alternatives
Bottom line

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

Internaxx alternatives
BrokerInfoRecommended for
InternaxxLuxembourgish online brokerBeginners and buy and hold investors
DEGIRODutch discount brokerPrice-sensitive buy and hold investors and traders looking for only execution
Saxo BankDanish investment bankInvestors and traders looking for a great trading platform and solid research

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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