No broker is perfect, and Interactive Brokers is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to Interactive Brokers:

Whatever your reason, we’ve got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best Interactive Brokers alternatives.

Top alternative : IG

A popular alternative to Interactive Brokers is IG, a brokerage regulated by Financial Conduct Authority and ASIC and over 44 years in business. Another strong alternative is City Index, which is regulated by Financial Conduct Authority, ASIC and MAS.

Here are some of the key reasons why traders choose IG and City Index over Interactive Brokers:

Interactive Brokers IG City Index
Trust Score AAA AAA AAA
Regulator Financial Conduct Authority Financial Conduct Authority and ASIC Financial Conduct Authority, ASIC and MAS
Min. Deposit 3,000 1 100
Min. Trade None £1 1 Lot
Platforms Web Trader, NinjaTrader, Tablet & Mobile apps MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps

If you want to read more about IG, we’ve put together an in-depth IG review that explores their platform, spreads, and trading conditions in more detail.

Visit IG

If IG isn’t quite right, we’ve also listed ten suitable Interactive Brokers alternatives below. You can click between the different instruments to compare each broker’s spreads for that instrument.

Risk warning: CFDs are leveraged products and 73% of retail traders lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Spread Comparison for the 10 Interactive Brokers Alternatives

Visit IG Website

81% of retail investor accounts lose money when trading spread bets and CFDs with this provider

IG screenshot
Why choose IG
  • Over 44 years in business
  • Regulated by Financial Conduct Authority and ASIC
Visit IG

Losses can exceed deposits. Your capital is at risk.

Visit City Index Website

72% of retail investor accounts lose money when trading CFDs with this provider

City Index screenshot
Why choose City Index
  • Over 35 years in business
  • Regulated by Financial Conduct Authority, ASIC and MAS
Visit City Index

Losses can exceed deposits. Your capital is at risk.

Visit eToro Website

65% of retail investor accounts lose money when trading CFDs with this provider

eToro screenshot
Why choose eToro
  • Over 12 years in business
  • Regulated by Financial Conduct Authority, CySEC, ASIC
Visit eToro

Losses can exceed deposits. Your capital is at risk.

Visit Plus500 Website

80.6% of retail investor accounts lose money when trading CFDs with this provider.

Plus500 screenshot
Why choose Plus500
  • Over 10 years in business
  • Regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14)
Visit Plus500

Losses can exceed deposits. Your capital is at risk.

Visit XTB Website

79% of retail investor accounts lose money when trading CFDs with this provider.

XTB screenshot
Why choose XTB
  • Over 16 years in business
  • Regulated by Financial Conduct Authority, KNF, and CMB.
Visit XTB

Losses can exceed deposits. Your capital is at risk.

Visit Pepperstone Website

78% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs

Pepperstone screenshot
Why choose Pepperstone
  • Over 8 years in business
  • Regulated by ASIC
Visit Pepperstone

Losses can exceed deposits. Your capital is at risk.

Visit ETX Capital Website

79.6% of retail investor accounts lose money when trading CFDs with ETX

ETX Capital screenshot
Why choose ETX Capital
  • Over 16 years in business
  • Regulated by Financial Conduct Authority
Visit ETX Capital

Losses can exceed deposits. Your capital is at risk.

Visit Core Spreads Website

75% of retail investor accounts lose money when trading CFDs with this provider

Core Spreads screenshot
Why choose Core Spreads
  • Over 4 years in business
  • Regulated by Financial Conduct Authority
Visit Core Spreads

Losses can exceed deposits. Your capital is at risk.

Visit LCG Website

79% of retail investor accounts lose money when trading CFDs with this provider

London Capital Group screenshot
Why choose London Capital Group
  • Over 22 years in business
  • Regulated by Financial Conduct Authority, CIMA, and CySEC
Visit London Capital Group

Losses can exceed deposits. Your capital is at risk.

Visit AvaTrade Website

71% of retail investor accounts lose money when trading CFDs with this provider.

AvaTrade screenshot
Why choose AvaTrade
  • Over 12 years in business
  • Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
Visit AvaTrade

Losses can exceed deposits. Your capital is at risk.



Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.