Alpaca Trading vs Interactive Brokers compared

Your expert:

Alpaca Trading

Interactive Brokers

Key differences

Markets and products score
2.5
/5
Deposit and withdrawal score
1.2
/5
Account opening score
5.0
/5

Markets and products score
5.0
/5
Deposit and withdrawal score
3.3
/5
Account opening score
3.1
/5

Recommended for

Beginners
Equity
Forex
CFD

Beginners
Equity
Forex
CFD

Fees

Fees score

US stock fee

EURUSD spread

US stock index options

S&P 500 CFD spread

Withdrawal fee

Deposit fee

Inactivity fee

Safety

Top-tier regulators

Foundation date

Investor protection

Deposit and Withdrawal

Minimum deposit

Bank transfer for deposit

Bank transfer for withdrawal

Credit/debit for deposit

Credit/debit for withdrawal

PayPal for deposit

Wise for deposit

Revolut for deposit

Other electronic wallets

Platform and Experience

Mobile platform score

Web platform score

MT4 available

MT5 available

Customer service score

Account opening score

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.

Alpaca Trading's service is slightly weaker than Interactive Brokers's and a comparison of their fees shows that Alpaca Trading's fees are similar to Interactive Brokers's.

Account opening takes less effort at Alpaca Trading compared to Interactive Brokers, deposit and withdrawal processes are more complicated at Alpaca Trading, while customer service quality is similar to Interactive Brokers's.

Our experts rated the trading platform of Alpaca Trading as being of the same quality as the platform of Interactive Brokers, found that clients have access to much less markets and products with Alpaca Trading, while Interactive Brokers provides just about the same quality of research and education.

Testimonials
What our users say about us

"I just wanted to give you a big thanks! I really enjoyed your website, searching for the best broker for my wishes. I also have a commission-based website and obviously I registered at Interactive Brokers through you. Especially the easy to understand fees table was great! Thanks again, keep up the amazing work!"

Dion Rozema

Owner