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Our top picks for Internaxx alternatives
DEGIRO
4.7
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Saxo Bank
4.8
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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 3.4 4.7 4.8
Fees score 2.0 5.0 3.0
Account opening score 1.0 5.0 3.0
Deposit and withdrawal score 3.0 3.0 5.0
Web platform score 3.0 4.0 5.0
Markets and products score 3.0 4.0 5.0
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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 relatively large amounts to invest
  • DEGIRO is recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions
  • 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 57 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

Internaxx is a Luxembourgish online brokerfounded in 2000 and recently acquired by Swissquote. The broker is specialized in international investors and ex-pats. Internaxx is regulated by the Luxemburg based top-tier regulator, Commission de Surveillance du Secteur Financier (CSSF).

Internaxx is considered safe because it is regulated by CSSF and has a banking license.

Recommended for buy-and-hold investors with relatively large amounts to invest

Pros Cons
Great research by Morningstar High fees
Outstanding investment fund offering Slow and not fully digital account opening process
Good customer service Limited education materials

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Fees
2.0

Compared to other brokers we tested, Internaxx has high trading fees and average non-trading fees. On the other hand, the fund fees are low and there is no withdrawal fee.
Pros Cons
Low fund fees High trading fees
No withdrawal fee High stock and ETF fees
Inactivity fee
Internaxx alternatives trading fees
Internaxx DEGIRO Saxo Bank
US stock $18.4 $0.6 $10.0
UK stock $18.4 $2.5 $9.6

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

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Account opening
1.0

In case you want to trade with stocks or ETFs you can open an account without a required minimum amount. Unfortunately, the process is not fully digital as you need to submit the docs by post.
Pros Cons
No minimum deposit Slow
Low minimum deposit Not fully digital
Not user-friendly
Internaxx alternatives minimum deposit and account open times
Internaxx DEGIRO Saxo Bank
Minimum deposit $0 $0 $600
Time to open account >3 days 1 day 1-3 days

Learn more about Internaxx minimum deposit here.

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Deposit and withdrawal
3.0

At Internaxx, the multi-currency account is a convenient solution to have an account in 9 different currencies. On the flip side, you can deposit and withdraw only via bank transfer.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Slow withdrawal - over 3 days
Several account base currencies
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

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Web trading platform
3.0

Internaxx has a well-designed and user-friendly web trading platform. On the flip side, it lacks the customizability, the two-step login and order types are limited.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function No price alerts
Internaxx - Web trading platform
Internaxx and alternatives trading platform scores
Internaxx DEGIRO Saxo Bank
Web platform score 3.0 4.0 5.0
Mobile platform score 3.0 5.0 5.0
Desktop platform score - - 5.0

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

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Markets and products
3.0

At Internaxx you can trade with stocks, ETFs, mutual funds and cryptocurrencies. You will have access to a wide range of investment funds while the selection of the other asset classes is mid-range.
Internaxx and alternatives markets and products
Internaxx DEGIRO Saxo Bank
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex No No Yes
Fund Yes Yes Yes
Bond No Yes Yes
Options No Yes Yes
Futures No Yes Yes
CFD No No Yes
Crypto Yes Yes Yes

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Verdict

Internaxx concentrates on funds, stocks and cryptocurrency. You will like their research tools provided by Morningstar, a professional research company. The customer is good as they provide fast and relevant answers,

On the other hand, Internaxx’s trading fees are expensive and the inactivity fee is high. The 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 bank transfer.

Internaxx
Summary Internaxx is a Luxembourg-based broker. It has a banking background and is regulated by the CSSF, the Luxembourg financial regulator.
Fees score 2.0
Recommended for Buy-and-hold investors with relatively large amounts to invest

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Internaxx alternatives
DEGIRO

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

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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
Internaxx vs. DEGIRO: Trading fees
DEGIRO Internaxx
Apple benchmark fee $1.4 $37.1
Vodafone benchmark fee $5.6 $37.4
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

DEGIRO has an easy and fast account opening process. No minimum deposit is required.
Pros Cons
Fast None
Fully digital
No minimum deposit
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.

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Deposit and withdrawal
3.0

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
Internaxx vs. DEGIRO: Withdrawal options
DEGIRO Internaxx
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.0

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 Internaxx alternative
Internaxx vs. DEGIRO: Trading platform scores
DEGIRO Internaxx
Web platform score 4.0 3.0
Mobile platform score 5.0 3.0
Desktop platform score - -

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

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Markets and products
4.0

At DEGIRO you can access many markets and trade with a lot of different products. CFD and forex are not available.
Internaxx vs. DEGIRO: Markets and products
DEGIRO Internaxx
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond Yes No
Options Yes No
Futures Yes No
CFD No No
Crypto Yes Yes

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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 Interactive Brokers 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.
Fees score 5.0
Recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions

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Internaxx 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

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Fees
3.0

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
Internaxx vs. Saxo Bank: Trading fees
Saxo Bank Internaxx
Apple benchmark fee $20.2 $37.1
Vodafone benchmark fee $19.7 $37.4
EURUSD benchmark fee $15.5 -

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

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Account opening
3.0

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 could be faster.
Pros Cons
Fully digital Minimum deposit is higher than $500
User-friendly Relatively slow account verification
Available in almost every country
Internaxx vs. Saxo Bank: Minimum deposit, time to open an account
Saxo Bank Internaxx
Minimum deposit $600 $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.

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Deposit and withdrawal
5.0

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
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

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Web trading platform
5.0

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 Internaxx alternative
Internaxx vs. Saxo Bank: Trading platform scores
Saxo Bank Internaxx
Web platform score 5.0 3.0
Mobile platform score 5.0 3.0
Desktop platform score 5.0 -

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

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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.
Internaxx vs. Saxo Bank: Markets and products
Saxo Bank Internaxx
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes No
Options Yes No
Futures Yes No
CFD Yes No
Crypto Yes Yes

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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 3.0
Recommended for Investors and traders looking for a great trading platform and solid research

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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 Luxembourg online broker Buy-and-hold investors with relatively large amounts to invest
DEGIRO Dutch discount broker Price-sensitive buy-and-hold investors and traders looking only to carry out transactions
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.

Dan Sallai

Dan Sallai

CMO

Author of this article

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.

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

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