ForexHome / Interactive Brokers review / Alternatives
Alternatives
Interactive Brokers alternatives: 4 brokers to consider in 2026
Brokers worth comparing if Interactive Brokers is not the right fit, chosen for a specific reason each, using the same checked figures as our reviews.
Quick pick: IG: easier platform, spread-only pricing and a long FCA track record; OANDA: simple pricing, TradingView, and US forex access.
Interactive Brokers alternatives compared
| Broker | Why consider it | Min deposit | Platforms |
|---|---|---|---|
| IG | Easier platform, spread-only pricing and a long FCA track record | $0 by bank transfer (IG International); cards from $50 | IG platform, MT4, ProRealTime |
| OANDA | Simple pricing, TradingView, and US forex access | None in the US, UK and Australia | OANDA platform, TradingView, MT4, MT5 |
| Pepperstone | Raw pricing on MetaTrader, cTrader and TradingView | $0 (minimum top-up $10) | Pepperstone platform, MT4, MT5, cTrader, TradingView |
| IC Markets | Raw pricing with no minimum on global accounts | $0 (global accounts) | MT4, MT5, cTrader, TradingView |
Why people look for Interactive Brokers alternatives
The $2 minimum commission makes small trades relatively expensive, the platforms have a steeper learning curve, and US clients cannot trade leveraged retail forex there. If that matters to you, one of the brokers below may suit you better. If it does not, see our full Interactive Brokers review.
The alternatives in detail
IG
Why consider it: Easier platform, spread-only pricing and a long FCA track record.
Regulation: FCA, ASIC, DFSA. EUR/USD: From 0.6 pips, spread-only.
Watch out: MT5 and cTrader are not on its platform list, so EA traders who need MT5 should look elsewhere.
IG review · Interactive Brokers vs IG
OANDA
Why consider it: Simple pricing, TradingView, and US forex access.
Regulation: CFTC/NFA (US), FCA, ASIC, CIRO. EUR/USD: From 0.6 pips, spread-only (UK).
Watch out: Pricing is spread-only on standard accounts, so very active traders may find raw-plus-commission accounts elsewhere cheaper.
OANDA review · Interactive Brokers vs OANDA
Pepperstone
Why consider it: Raw pricing on MetaTrader, cTrader and TradingView.
Regulation: ASIC, FCA, CySEC, SCB, DFSA, CMA, BaFin. EUR/USD: Razor from 0.0 pips (avg 0.1) + $3.50 per lot per side.
Watch out: TradingView is offered on the Razor account only.
IC Markets
Why consider it: Raw pricing with no minimum on global accounts.
Regulation: ASIC, CySEC, FSA Seychelles, SCB; CMA (Kenya). EUR/USD: Raw from 0.0 pips + $3.50 per lot per side (MetaTrader).
Watch out: Its global accounts are held by an offshore company licensed in Seychelles, so check which company you would join.
FAQ
What is the best alternative to Interactive Brokers?
It depends on why you are leaving. For an easier platform, look at IG; for US forex, OANDA; for raw pricing on MetaTrader or cTrader, Pepperstone or IC Markets.
Is there a broker like Interactive Brokers for US forex traders?
Among the brokers we review, OANDA and FOREX.com accept US retail forex clients.
How do I switch brokers?
Open and verify the new account first, close positions or let them expire at the old broker, withdraw your balance to the same method you deposited with, and keep statements for tax records.
Related
Interactive Brokers review · Is Interactive Brokers regulated? · Compare all 11 brokers · Broker finder
Forex and CFDs are leveraged products and most retail accounts lose money. Forex Awards may earn commissions from some links; see our affiliate disclosure. General information, not financial advice.