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:
- Interactive Brokers has a high min. deposit ($/£/€3000)
- Interactive Brokers does not offer MT5
- Interactive Brokers does not offer VPS services
- Interactive Brokers does not offer a DMA account
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: London Capital Group
The most popular alternative to Interactive Brokers is London Capital Group, a brokerage regulated by the Financial Conduct Authority, UK and over 5,000 Instruments. Another strong alternative is City Index, which is regulated by the Financial Conduct Authority, UK.
Here are some of the key reasons why traders choose London Capital Group and City Index over Interactive Brokers:
|Interactive Brokers||London Capital Group||City Index|
|Regulator||Financial Conduct Authority||Financial Conduct Authority||Financial Conduct Authority, ASiC and MAS|
|Min. Trade||None||£0.50||1 Lot|
|Platforms||Web Trader, NinjaTrader, Tablet & Mobile apps||MT4, Web Trader, Tablet & Mobile apps||MT4, Web Trader, Tablet & Mobile apps|
If you want to read more about London Capital Group, we've put together an in-depth London Capital Group review that explores their platform, spreads, and trading conditions in more detail.Visit London Capital Group
If London Capital Group 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.