Best Interactive Brokers alternatives in 2026!

Saxo was founded in Denmark in 1992 and reported record client numbers and client assets at the end of 2025. It is the most established alternative to Interactive Brokers, having been in business for more than 30 years.

Its ownership changed recently. On 2 March 2026 the Swiss private banking group J. Safra Sarasin completed its acquisition of a majority stake, Daniel Belfer became CEO, and founder Kim Fournais moved to Chairman of the Board. In July 2026 J. Safra Sarasin agreed to acquire Fournais’s remaining holding, subject to regulatory approval.

Before going further, Saxo is limited by availability. Saxo does not serve the U.S., parts of Canada, Japan, and Australia.

For those who can access it, here is what makes it the closest all-in-one competitor to IBKR:

• Access to a wide range of global exchanges;
• More than 70,000 financial instruments;
• TradingView integration;
• Thousands of government and corporate bonds;
• Two proprietary platforms, SaxoInvestor for simpler use and SaxoTrader for active traders.

It is not all sunshine and roses. Saxo’s initial deposit requirements vary by region and can be steep in some markets, so check the figure for your country of residence before applying rather than assuming it is zero.

Stocks and ETFs start at 0.03% with a minimum of $1 at the top tier, rising to 0.08% with a $1 minimum on the entry tier, while futures and options start from $1.00 per contract. On costs, two points are worth knowing:

• Custody fees have been removed across core European markets including Belgium, France, Italy and the Netherlands, though they still apply in the UK and some non-EU markets;
• Currency conversion is charged at 0.25%.

Saxo suits investors who want depth of product and a bank-regulated counterparty, and who trade in sizes where a per-trade minimum is not the dominant cost. If you are a forex trader making a living from it, or you need bonds and derivatives alongside equities, the product range and trade data are as comprehensive as it gets outside IBKR.

Want to know more? Check our Saxo review.

Since it started in 2007, eToro has put the emphasis on user design and ease of use so that anyone could enter the investing world. Before you check whether it is available in your country, chances are it is: more than 140 countries and territories are served. It has been listed on the Nasdaq since May 2025 under the ticker ETOR, which means it now publishes audited accounts.

eToro stands out for a couple of reasons:

• The first company to provide the “copy-trading” feature, the ability to duplicate portfolios from already successful investors;
• A simple app that removes much of the complexity of investing;
• An early adopter of cryptocurrencies, from 2017.

On costs, ETFs are commission-free everywhere, which is the strongest part of the offer. Real stock trades carry a flat commission of $1 or $2 depending on your country and the exchange, charged on both opening and closing, though it is $0 for UK and Irish clients. Crypto costs 1% per transaction.

The other fees to be aware of relate to deposits, withdrawals and currency:

• Minimum withdrawal amount: $30;
• Withdrawal fee: $5 from a USD account;
• Minimum deposit: from $50 or currency equivalent in most cases;
• Currency conversion: varies by currency, payment method and eToro Club tier, and is the cost most European investors underestimate;
• Inactivity fee: none, removed in May 2026.

The other fees to watch are on eToro’s CFDs, which allow leverage. Overnight fees differ by asset class and the full list is here.

Want to know more? Check our full eToro review.

Founded in 2002, XTB is a major player in the brokerage industry with extensive worldwide experience, regulated by the Financial Conduct Authority (FCA) and other bodies, and listed on the Warsaw Stock Exchange.

You can invest through xStation 5 and xStation Mobile in stocks, ETFs, and CFDs on stocks, forex, indices, commodities and cryptocurrencies, though the product offering varies by country. It offers 0% commission on real stocks and ETFs up to €100,000 of monthly turnover in eligible countries*, above which 0.2% applies with a €10 minimum. Most retail investors never reach that threshold. International investors outside those markets get 0% commission on stock and ETF CFDs only.

Opening an account and transferring money is quick and hassle-free. Beginners get a demo account to try the platform with virtual money, plus educational tools. Intermediate and advanced investors will find plenty of technical and fundamental tools.

On the downside, the currency conversion fee of 0.5% is high and matters more than the commission for anyone buying assets priced outside their account currency. There is also an inactivity fee of €10 per month, though it only triggers when two conditions are met at the same time: no position opened or closed for 365 days, and no deposit in the previous 90 days. Holding an open position avoids it entirely. XTB is not available in the United States or Australia.

One structural point: XTB is an investment firm rather than a bank, so cash is covered up to €20,000 under the investor compensation scheme rather than the €100,000 deposit guarantee available at licensed banks.

Want to know more about XTB? Check our XTB Review.

Founded in 2017, Webull is a user-friendly and modern investment app based in the United States that charges no commissions on stocks, ETFs and options. New users get up to 40 free stocks.

It has grown quickly and is now a public company, listed on the Nasdaq under the ticker BULL. As of June 2026 it reported 28.2 million registered users, 5.1 million funded accounts, and $28.5 billion in customer assets, up 79% year on year.

The product offering includes fractional shares, OTC products, the Webull Smart Advisor, cash management, recurring investing in stocks and ETFs, and retirement accounts (IRAs). Most features can be tested with a demo account. Uninvested cash earns 3.25% APY, or 3.6% on Webull Premium, as of the most recent published rates.

Its community and learning sections are a good way to get a grasp of what is happening in the markets. Webull appeals more to beginners, but also delivers in-depth charting, dozens of technical indicators and customisation for more advanced investors.

On regulation, Webull is supervised by the Securities and Exchange Commission (SEC) and is a member of FINRA and the Securities Investor Protection Corporation (SIPC), so you are protected up to $500,000 in assets including up to $250,000 in cash. Note this covers the failure of the broker, not investment losses.

Check our full review of Webull.

Trading 212 was formed in Bulgaria in 2004 and is now headquartered in London. It claims the title of the first commission-free broker in both the UK and Europe, and passed 4.5 million clients and €30 billion in client assets in 2025, with both figures having grown since.

It has also been expanding beyond plain brokerage: it acquired BaFin-licensed FXFlat Bank in 2024, launched a Cash ISA, and received FCA authorisation to offer SIPPs in February 2026.

You can claim a free fractional share when you sign up by following the steps below:

1. Sign up for Trading 212 Invest;
2. Verify your identity and fund the account;
3. Include promo code “IITW“;
4. Claim a free fractional share worth up to €100.

Visit our dedicated article on this bonus.

On fees, stocks and ETFs carry no commission and bank transfers are free. The minimum deposit is €1 and the minimum withdrawal is €10. Beyond that there are a few smaller charges:

• Deposits by credit or debit card: free up to €2,000, 0.7% thereafter;
• Currency conversion for Invest accounts: 0.15%, the lowest of the app-based brokers here;
• Currency conversion for CFD accounts: 0.50%;
• Overnight fees on CFDs: your account is credited or debited with an interest-rate swap.

Margin requirements vary from 5:1 to 30:1 for different products. For full details, consult Trading 212’s requirements here.

Want to know more? Check our Trading 212 review.

DEGIRO launched in 2013 in the Netherlands. It now operates as the Dutch branch of flatexDEGIRO Bank SE, a German-regulated bank supervised primarily by BaFin, has over 3 million clients, and is available in 15 European countries. DEGIRO is not available outside of Europe.

Customers are not charged for inactivity or account closure, and deposits and withdrawals are free. The one funding limitation is that you can only deposit by bank transfer, the same constraint that leads some people away from Interactive Brokers in the first place.

Its ETF pricing changed substantially in October 2025. The Core Selection now covers the full range of ETFs, ETCs and ETNs listed on Tradegate, over 1,000 products, for a €1 handling fee with no connectivity charge, and the previous Fair Use Policy has been removed. Outside that selection, expect around €3 per trade plus a €2.50 annual connectivity fee for each exchange you use, with your home market exempt. Currency conversion runs at 0.25% through AutoFX.

Here is a rough overview of stock commissions, which vary by country entity:

• US and Canadian stocks: €1.00 plus the €1.00 handling fee;
• Your home market: typically €1.00 to €2.00 plus handling;
• Other EU and UK exchanges: around €3.90 plus handling;
• Australian, Hong Kong, Japanese and Singapore exchanges: around €5.00 plus handling.

DEGIRO added crypto in October 2025 at 0.5% per trade. It pays no interest on uninvested cash, which is a genuine gap against most alternatives here. And if you want options and futures, Interactive Brokers remains the more suitable choice for anyone based in Europe.

Want to know more? Check our DEGIRO Review.