IG Alternatives

Many IG customers are looking for a new broker after being prevented from trading freely. Read on to find the best alternatives to IG.
Updated: Jun 28, 2022
Tip: our preferred broker is, eToro: visit & create account

In January 2021, IG blocked traders from buying GME and AMC shares, forcing the price down by only allowing their customers to sell. After that decision, many people started looking for an alternative to IG. Learn what are the best broker alternatives to IG in this guide.

Compare the best alternatives to IG

If you want to dive in and switch brokers straight away, here’s a list of the best IG alternatives that you can use to buy shares now. Or you can keep reading for more information to help you decide which broker to choose.

Min. Deposit
User Score
Trade/invest in stocks with just $10
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
Min. Deposit
User Score
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Firstrade is a leading online brokerage firm offering a full line of investment products and tools designed to help investors like you take control of your financial future. Since its founding in 1985, Firstrade has been committed to providing high value and quality services to help you reach your financial goals.
Payment Methods
Full regulations list:
Min. Deposit
User Score
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
Start Trading
Founded in Switzerland, ActivTrades has been around since 2001, which means it has more than two decades of experience in the fintech industry. The independent brokerage house started as a small firm, but it is now a global retail and institutional broker. In 2005, ActivTrades moved its HQ to London, and it began growing rapidly through Europe. ActivTrades offers a lot of benefits to its clients, including educational tools, rewards programs, competitive spreads, and the use of MetaTrader 4 and MetaTrader 5, two industry-leading platforms.
Payment Methods
Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill
Full regulations list:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IG vs other top brokers

Many of the top brokers in the UK and USA offer similar services but you should decide based on what’s most important to you, whether that’s low fees, usability, or range of trading options.

With that in mind, what are the best IG alternatives?

IG vs eToro

eToro is an Israeli-based social trading platform. Its low fees and simple interface have made it one of the most popular brokers around.

Most assets are available to trade on eToro. You can buy and sell stocks, forex, and some cryptocurrencies. eToro lets you trade CFDs and also offers leveraged trading on many assets.

If you’re looking for an alternative to IG because it restricted trading on GME shares, you should note that eToro also placed some restrictions on popular stocks too. Those initial restrictions were quickly lifted, but you can follow our latest news to keep track.

Sign up for an eToro account here >

*68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

IG vs Saxobank

Saxo is an intuitive trading platform based in Denmark. With Saxo you can trade stocks, ETFs, forex, CFDs, bonds, mutual funds, and other financial products quickly and easily.

Saxo is another good IG alternative because of its focus on short term trading. Along with its wide range of options, its usability and openness makes it an ideal platform for beginners. Just be aware that its trading fees are a bit more expensive than some of its competitors. 

Unlike IG, Saxo did not restrict trading on GME or any other volatile stock when they were in the crosshairs of Reddit and retail investors.

Sign up for a Saxobank account here >

IG vs 101Investing

101Investing is another of the alternatives to IG that is ideal for new traders. It has a range of different accounts depending on your level of experience and provides stock, forex, and cryptocurrency trading to everyone.

As well as trading methods that are suited towards established traders, like using leverage and trading CFDs, 101Investing has a huge amount of educational material to help new starters learn the ropes.

101Investing is another broker that didn’t restrict trading during the GME surge, so you can be assured that it’ll let you trade as freely as you like.

Sign up for a 101Investing account here >

How to find good alternatives to IG

To find an IG alternative, it’s a good idea to set out your trading goals before you start. That way, you can choose a broker whose features best match your specific needs. You might want low fees for high-frequency trading, or lots of beginner material if you’re just getting started.

Below you can find some other things to look out for when you’re going through the alternatives to IG.

What to look for in an alternative stock broker

  • Ease of use. You want to find a broker that’s intuitive and has an interface you can get to grips with quickly. Ideally, it has a mobile app for trading on the go, especially if you’re interested in making lots of trades throughout the day.
  • Low fees. Fees are very important if you want to trade a lot. Remember, if a broker has high fees, you have to pay that every time you make a trade. For investors who hold for the long term, this is less important but still worth considering.
  • A variety of trading options. If you want to trade stocks and cryptocurrency, you need to find a broker that lets you do both. Some brokers allow you to trade on the margin or bet on the spread.
  • Account limits. You don’t want to be stuck in the same situation as traders who were blocked from buying GME when they wanted to. Make sure you pick a broker that lets you trade freely whenever you want. 

Why would I want to find an alternative to IG?

When WallStreetBets inspired retail investors to buy lots of GameStop shares, some brokers stepped in to restrict trading. IG was one of them, preventing its users from opening new buying positions with AMC or GME, another Reddit favourite.

Along with artificially forcing the price down by only allowing its users to sell, IG’s decision to make its customers’ decisions for them pushed many people towards finding an alternative broker.

How to move your funds to an alternative broker

  1. Log in to your IG account
  2. Sell your existing shares and wait for the positions to close
  3. Go to the ‘live accounts’ tab, and select ‘withdraw funds’
  4. Withdraw your money, which may take a few days to clear
  5. Sign up with your new broker
  6. Deposit the funds
  7. Open new trading positions

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work, James is an avid trader and golfer… read more.