No broker is perfect, and WhoTrades 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 WhoTrades:
- WhoTrades is not regulated by the Financial Conduct Authority
- WhoTrades does not offer MT5
- WhoTrades does not offer VPS services
- WhoTrades does not offer API trading
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 WhoTrades alternatives.
Top alternative: IG
The most popular alternative to WhoTrades is IG, a brokerage regulated by the Financial Conduct Authority, UK and over 20 years in business. Another strong alternative is AvaTrade, which is regulated by Central Bank of Ireland, ASiC, FSA and the FSB.
Here are some of the key reasons why traders choose IG and AvaTrade over WhoTrades:
|Regulator||CySEC, FINRA, SIPC||Financial Conduct Authority and ASiC||Central Bank of Ireland, ASiC , FSA, FSB and BVI|
|Min. Trade||1 Lot||£1||0.01 Lot|
|Platforms||Mac, Mirror Trader, Web Trader, Tablet & Mobile apps||MT4, Web Trader, L2 Dealer, Binary, Tablet & Mobile apps||MT4, Mac, Mirror Trader, ZuluTrade, 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 WhoTrades alternatives below. You can click between the different instruments to compare each broker's spreads for that instrument.