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Internaxx Alternatives

May 2019
Our top picks for Saxo Bank alternatives
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DEGIRO
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
Internaxx DEGIRO Saxo Bank
Overall score 3.6 4.7 4.7
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 buy and hold investors with bigger amounts to invest
  • 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 43 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 alternatives
Internaxx

3.6 4 stars

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 buy and hold investors with bigger amounts to invest

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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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
Internaxx DEGIRO Saxo Bank
Apple benchmark fee $38.3 $1.4 $20.0
Vodafone benchmark fee $38.6 $5.2 $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

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
Internaxx DEGIRO Saxo Bank
Minimum deposit $0 $0 $725
Time to open account >3 days 1 day 1-3 days

Learn more about Internaxx minimum deposit here.

More Visit broker

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
Internaxx DEGIRO Saxo Bank
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

More Visit broker

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
Internaxx DEGIRO Saxo 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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More Visit broker

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
Internaxx DEGIRO Saxo Bank
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex Yes No Yes
Fund Yes Yes No
Bond No Yes Yes
Options Yes Yes Yes
Futures Yes Yes Yes
CFD Yes Yes Yes
Crypto Yes Yes Yes

More Visit broker

Verdict

Internaxx is a safe broker from Luxembourg. It concentrates on funds and stocks, but you can trade with almost all derivative asset classes on a separate platform operated by Saxo Bank. You will also like their research tools provided by Morningstar, a professional research company. Internaxx's banking license ensures a tougher regulation and a higher than average investor protection amounts.

On the other hand, Internaxx’s trading fees are expensive and have a high inactivity fee. Account opening is not fully digital and therefore sluggish. You should expect only a couple of written educational materials and you can deposit your account only via a bank transfer.

Choose Internaxx if you are an investor with higher amounts to invest and you want a broker from a top-tier financial jurisdiction.

Internaxx
Summary Internaxx is a Luxembourgish broker. It has a banking background and is regulated by CSSF, the Luxembourg financial regulator.
Fees score 1 stars
Recommended for Buy and hold investors with bigger amounts to invest

More Visit broker

Internaxx 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
Internaxx vs. DEGIRO: Trading fees
DEGIRO Internaxx
Apple benchmark fee $1.4 $38.3
Vodafone benchmark fee $5.2 $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

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
DEGIRO Internaxx
Minimum deposit $0 $0
Time to open account 1 day >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 deposit and withdrawal not available
Internaxx vs. DEGIRO: Withdrawal options
DEGIRO Internaxx
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 (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
DEGIRO Internaxx
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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More Visit broker

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
DEGIRO Internaxx
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes No
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

Internaxx 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
Internaxx vs. Saxo Bank: Trading fees
Saxo Bank Internaxx
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

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 account balance is higher than $500
  • Sales team pushy
  • Classic accounts available only in a single currency
Internaxx vs. Saxo Bank: Minimum deposit, time to open an account
Saxo Bank Internaxx
Minimum deposit $725 $0
Time to open account 1-3 days >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
Internaxx vs. Saxo Bank: Withdrawal options
Saxo Bank Internaxx
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 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 Bank Internaxx
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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More Visit broker

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 Bank Internaxx
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund No Yes
Bond Yes No
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

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
Broker Info Recommended for
Internaxx Luxembourgish online broker Buy and hold investors with bigger amounts to invest
DEGIRO Dutch discount broker Price-sensitive buy and hold investors and traders looking for only execution
Saxo Bank Danish investment bank Investors 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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