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Similar EU Brokers · April 2026

Best Alternatives to Interactive Brokers in 2026

Five EU-regulated forex brokers with overall scores closest to Interactive Brokers. Compare before you commit.

Quick Answer

The top 3 alternatives to Interactive Brokers are IG, Saxo Bank, and CMC Markets.

All three are EU-regulated brokers with overall scores within 0.5 points of Interactive Brokers. See the full comparison below.

ESMA Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Why people look for Interactive Brokers alternatives

Traders typically evaluate alternatives to Interactive Brokers for one or more of the following reasons:

  • Lower total trading cost — tighter spreads or cheaper commissions, especially for high-volume traders.
  • Stronger regulatory tier — moving to a broker with BaFin or FCA oversight for extra peace of mind.
  • Different platform needs — access to cTrader, TradingView, or a proprietary mobile app that Interactive Brokers doesn't offer.
  • Wider instrument universe — more stocks, indices, commodities, or crypto CFDs.
  • Better educational resources — structured courses, webinars, and beginner-friendly content.
  • Improved customer support — faster response times, multilingual staff, or extended coverage hours.

Top 5 Alternatives to Interactive Brokers

Ranked by similarity to Interactive Brokers's overall score.

  1. 1

    IG

    9.2/10

    IG is the world's oldest and most trusted retail broker, offering 17,000+ instruments, a BaFin-regulated EU entity, and an award-winning proprietary platform.

    Why consider IG: wider platform choice, better education

    Min deposit
    None
    EUR/USD
    0.6 pips average
    Regulator
    BaFin
    Platforms
    5
    Read ReviewCompare to Interactive Brokers
  2. 2

    Saxo Bank

    9.0/10

    Saxo Bank is a fully licensed Danish bank offering 72,000+ instruments including real stocks, bonds, and futures via its award-winning SaxoTrader platform.

    Why consider Saxo Bank: wider platform choice, better education

    Min deposit
    None
    EUR/USD
    0.6 pips
    Regulator
    Danish FSA
    Platforms
    3
    Read ReviewCompare to Interactive Brokers
  3. 3

    CMC Markets

    8.9/10

    CMC Markets is a FTSE 250-listed broker with 35+ years of experience, offering 12,000+ instruments and an award-winning proprietary trading platform.

    Why consider CMC Markets: wider platform choice, better education

    Min deposit
    None
    EUR/USD
    0.7 pips average
    Regulator
    BaFin
    Platforms
    2
    Read ReviewCompare to Interactive Brokers
  4. 4

    Pepperstone

    9.3/10

    Pepperstone is a BaFin-regulated broker offering razor-sharp spreads, zero minimum deposit, and excellent execution across MT4, MT5, cTrader, and TradingView.

    Why consider Pepperstone: lower overall fees, wider platform choice

    Min deposit
    None
    EUR/USD
    0.0 pips
    Regulator
    BaFin
    Platforms
    4
    Read ReviewCompare to Interactive Brokers
  5. 5

    Exness

    8.8/10

    Exness is a CySEC-regulated broker with ultra-tight pricing, instant withdrawals, and one of the highest monthly trading volumes in the industry ($4T+).

    Why consider Exness: lower overall fees

    Min deposit
    $10
    EUR/USD
    0.0 pips
    Regulator
    CySEC
    Platforms
    4
    Read ReviewCompare to Interactive Brokers

Full Comparison Table

Interactive Brokers alongside the top 5 alternatives.

BrokerScoreFeesRegulationMin DepositEUR/USD
Interactive Brokers (current)9.19.09.9None0.1 pips
IG9.28.89.8None0.6 pips average
Saxo Bank9.07.89.7None0.6 pips
CMC Markets8.98.59.5None0.7 pips average
Pepperstone9.39.49.5None0.0 pips
Exness8.89.38.8$100.0 pips

Frequently Asked Questions

What are the best alternatives to Interactive Brokers in 2026?
The top 3 alternatives to Interactive Brokers in 2026 are IG, Saxo Bank, CMC Markets. All are EU-regulated forex brokers with overall scores within 0.5 points of Interactive Brokers across fees, platforms, regulation, and execution.
Why might I look for a Interactive Brokers alternative?
Traders commonly seek alternatives to Interactive Brokers for reasons such as wanting lower spreads, stronger regulation, a wider platform selection (like cTrader or TradingView), better mobile apps, more instruments, or region-specific features. Comparing against 5 similar brokers helps you find the best fit for your personal trading style.
Is Interactive Brokers regulated in the EU?
Yes, Interactive Brokers is regulated by SEC (USA), FCA (UK), CBI (Ireland), MNB (Hungary) and is fully ESMA-compliant. All alternatives listed on this page are also EU-regulated and offer negative balance protection for retail clients.
Which Interactive Brokers alternative is cheapest?
Among the top 5 alternatives to Interactive Brokers, the broker with the highest fees score (cheapest) is Pepperstone. Always compare spreads, commissions, swaps, and withdrawal fees together rather than looking at spread alone.
Can I open an account with multiple brokers?
Yes. Many active traders maintain accounts with two or more EU-regulated brokers simultaneously to diversify counterparty risk, access different platforms, or take advantage of different pricing models. There is no regulatory restriction on the number of retail broker accounts you can hold within the EU.
Are the listed alternatives also EU-regulated?
Yes, every alternative listed on this page is regulated by at least one recognised EU authority (CySEC, BaFin, FCA, AMF, CONSOB, CNMV, or KNF). They all comply with ESMA rules on leverage, negative balance protection, and client fund segregation.

Still considering Interactive Brokers?

Read our full Interactive Brokers review or visit the broker to see the latest offer.

Read Interactive Brokers ReviewVisit Interactive Brokers

CFD Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.