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 2,000 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