Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
In page navigation
- 1. Interactive Brokers Alternatives
- 2. Compare the best alternatives to Interactive Brokers
- 3. Interactive Brokers vs other top brokers
- 4. How to find good alternatives to Interactive Brokers
- 5. What to look for in an alternative stock broker
- 6. Why would I want to find an alternative to Interactive Brokers?
Interactive Brokers Alternatives
Like many other online brokers – such as Robinhood – Interactive Brokers recently y prevented users from buying a number of stocks that had seen their value skyrocket in recent weeks. Many UK and USA account holders have been left wondering: ‘what are the best alternatives to Interactive Brokers?’ Keep reading to find out.
Compare the best alternatives to Interactive Brokers
The table below compares a variety of Interactive Brokers alternatives. You can follow any of the links below to head straight to one of our trusted partners and buy stocks such as GME, AMC, and BB. If you need more information first, then keep reading below.
Interactive Brokers vs other top brokers
To help you make your decision about which broker to switch to, whether you’re a UK or a USA customer, we’ve compiled three head-to-head comparisons of Interactive Brokers with alternative apps.
Interactive Brokers vs eToro
One of the most popular CFD trading platforms in the world, eToro currently allows users to buy and sell shares without restrictions. eToro is well regarded for its range of educational materials and tools – and in particular for its ‘social trading’ outlook, whereby it allows users to match their trades along with the most successful accounts on the platform.
As one of the best names in the business, eToro is a great alternative to Interactive Brokers.
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.
Interactive Brokers vs Hargeaves Lansdown
Hargeaves Lansdown is a Bristol-based stock broker that has been running for 4 decades. Its own stock is part of the FTSE 100 index, and the platform enables users to buy and sell shares freely – including in Gamestop, Nokia, and other stocks recently targeted by the r/WallStreetBets community.
For users looking to jump ship from Interactive Brokers and trying to select between the alternatives, Hargreaves Lansdown is a solid option.
Open a Hargreaves Lansdown account today >
Interactive Brokers vs Capital.com
If you’re looking for a quick and reliable online broker that offers zero-commission trades, then Capital.com could be the perfect Interactive Brokers alternative for you. The trading app boasts an intuitive user interface and allows unrestricted trading of a host of popular assets
Capital.com hss not blocked users buying any stocks during the recent surge in retail investor activity.
How to find good alternatives to Interactive Brokers
When looking for alternatives to Interactive Brokers, you want to be sure to compare your options. There’s no use leaving one unsatisfactory broker only to sign up with another one. Consider what you’re looking for in a broker platform and find one that fits the bill – both our comparison table and in-depth reviews can help.
If you’re simply looking for a broker that will allow you to trade stocks freely, then the brokers listed on this page are all platforms that allow unrestricted trades for their users. If, however, your focus is more on the long-term, then you’ll want to look into a variety of other factors before selecting an alternative trading app.
What to look for in an alternative stock broker
- Variety of trading options. The most essential thing to look for in a broker is that it allows you to trade the assets you want to trade. This could be stocks that have seen increased interest recently – such as HCMC – or other financial products such as ETFs and forex.
- Ease of use. A broker should help you make trades, not get in your way. Make sure to look for a platform that you find easy to use among the various alternatives to Interactive Brokers.
- Low fees. Trading fees can add up fast when investing in the stock market – especially if you’re making frequent trades as the market fluctuates throughout the day. Make sure you select a broker with a reasonable fee structure.
- Account limits. Some brokers will set limits on the amount you can trade, withdraw, or buy. If you’re looking to invest a lot of money in the market, then make sure to find a broker that supports large trades.
Why would I want to find an alternative to Interactive Brokers?
The recent interest we’ve seen in people hunting for alternatives to Interactive Brokers has come out of the ongoing battle between Wall Street hedge funds and retail investors. The Reddit community WallStreetBets started targeting certain stocks that were being sold short by hedge funds in January 2021 – sending the prices of the stocks skyrocketing.
In response to this, Interactive Brokers – among other platforms – started to prevent users from buying any more of the shares that were shooting up. This caused an outcry among investors, who pointed to the fact that they were still allowed to sell their shares. Users began to accuse Interactive Brokers of engaging in market manipulation and searching for alternative platforms.
How to move your funds to an alternative broker
If you’ve made your choice between the Interactive Brokers alternatives available, then here’s how you go about switching platforms:
- Close your positions on Interactive Brokers
- Navigate to the ‘Fund Transfers’ page through the ‘Funding’ menu
- Select ‘Withdraw’ from the transaction type list
- Choose your currency, withdrawal type, and amount (limited to $50,000 a day)
- Enter your payment details and confirm
- Wait for the money to be accredited to your account (might take a few days depending on withdrawal method)
- Open an account with your new broker
- Deposit your funds
- Start trading
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.
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 >
Stock trading brokers
Navigation
- 1. Interactive Brokers Alternatives
- 2. Compare the best alternatives to Interactive Brokers
- 3. Interactive Brokers vs other top brokers
- 4. How to find good alternatives to Interactive Brokers
- 5. What to look for in an alternative stock broker
- 6. Why would I want to find an alternative to Interactive Brokers?