Category: Broker Guides | Author: Trading Brokers | Date: July 12, 2023 has established itself as a reputable online broker, but considering alternative options can provide traders with a broader range of choices to suit their trading needs. In this article, we will explore some of the best alternatives to, offering competitive trading conditions, diverse markets, and robust platforms. By exploring these alternatives, you can evaluate different features and find a broker that aligns better with your specific preferences and objectives.

Overview of is an online trading platform that allows users to trade CFDs on over 3,700 markets, including forex, stocks, indices, commodities, and cryptocurrencies. It was launched in 2016 and is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Services Authority (FSA) in Seychelles, the Securities Commission of The Bahamas (SCB) in The Bahamas and the National Bank of the Republic of Belarus (NBRB) in Belarus. It claims to offer an award-winning, AI-enabled, user-friendly, and transparent trading experience. It also provides free trading education, market analysis, risk management tools, multiple chart types, technical indicators, and drawing tools. Additionally, it has a low minimum deposit requirement of only $20 for most account types, offers tight spreads, zero commission, and no hidden fees, and supports multiple payment methods, such as credit/debit cards, bank transfers, e-wallets, and cryptocurrencies, and offers a free demo account for potential clients to test their services. However, it also has some drawbacks, such as not offering real stocks or ETFs, only CFDs, not offering negative balance protection for clients outside the EU, not offering a social trading platform or a copy trading feature, and having a limited customer support service, which is only available via phone, email and live chat. Therefore, it is a reputable and regulated platform that offers a diverse and innovative trading experience for CFD traders of different levels and preferences, but not everyone’s.

Best Alternatives to

Determining the best alternatives to can depend on individual preferences and trading goals. However, here are five highly regarded trading platforms that are considered top alternatives:

IC Markets

IC Markets is a reputable forex and CFD broker known for its low spreads, fast execution speeds, and wide range of trading platforms. The broker is regulated by ASIC in Australia and CySEC in Cyprus, ensuring compliance with industry standards and providing a level of trust for traders. One of the key advantages of IC Markets is its competitive pricing, offering tight spreads across various asset classes. This can be particularly beneficial for active traders who aim to capitalize on small price movements using scalping strategies and expert advisors. Additionally, the fast execution speeds provided by IC Markets allow for quick order placement and minimal slippage.

Traders using IC Markets can choose from a selection of trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms, as well as cTrader. These platforms offer advanced charting tools, customizable interfaces, and a variety of technical indicators, empowering traders to implement their strategies effectively. For beginners or those who want to test their trading skills, IC Markets offers a free demo account. This allows traders to practice trading strategies and become familiar with the broker’s platforms and services without risking real money. Moreover, IC Markets provides negative balance protection, which ensures that traders do not lose more than their account balance, offering an additional layer of security.

IC Markets Logo

IC Markets is the world’s largest true ECN trading broker offering over 2,000 trading instruments across multiple markets on the most popular trading platforms. They are a multi-regulated broker with deep liquidity pools that can provide you with rapid trade execution speeds, low spreads, low commission fees, various funding options and 24/7 support.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


Pepperstone is a reputable forex and CFD broker that stands out for its competitive pricing, wide range of trading platforms, and commitment to excellent customer service. The broker is regulated by the FCA in the UK, ASIC in Australia, DFSA in Dubai, and CMA in Kenya, ensuring regulatory compliance and providing traders with peace of mind. One of Pepperstone’s key strengths is its competitive pricing model, offering tight spreads and low commissions. Furthermore, Pepperstone provides deep liquidity and fast execution, enabling traders to enter and exit positions swiftly and with minimal slippage.

Pepperstone offers multiple trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. Traders can choose the platform that best suits their needs and preferences. Apart from competitive pricing and diverse platforms, Pepperstone prides itself on delivering excellent customer service. The broker offers responsive support channels, including live chat, email, and phone, to assist clients with any queries or concerns they may have. Additionally, Pepperstone provides educational resources, including webinars and tutorials, to help traders improve their knowledge and skills.

Pepperstone Logo

Pepperstone are one of the largest brokers providing traders worldwide access to trade across all of the major global markets with cutting edge technology, modern platforms, low costs, high speed execution, convenient funding options and award-winning customer service.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. is a well-established forex and CFD broker that offers a proprietary trading platform, along with support for MetaTrader 4 and MetaTrader 5. The broker is regulated by reputable authorities such as the FCA in the UK, NFA in the US, IIROC in Canada, and ASIC in Australia, among others, ensuring a secure and compliant trading environment. stands out for its proprietary platform, which is designed to meet the needs of traders with varying levels of experience. The platform provides a user-friendly interface, advanced charting tools, and various order types to facilitate efficient trade execution. For traders who prefer the MetaTrader suite, also offers support for both MT4 and MT5, providing access to a wide range of indicators, expert advisors, and other features. One of the notable features of is its extensive research and analysis tools. Traders have access to real-time market insights, economic calendars, technical analysis tools, and expert commentary. Furthermore, offers a wide range of tradable instruments, including forex pairs, indices, commodities, and cryptocurrencies. Logo

Since 2001, has been providing traders around the globe with industry leading trading conditions including user-friendly platforms, tight spreads, low commission fees, rapid trade execution speeds. The broker is regulated in multiple jurisdictions and has a huge selection of trading instruments, powerful tools and educational materials.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


AvaTrade is a reputable forex and CFD broker known for its diverse range of trading platforms, educational resources, and regulatory compliance. The broker is regulated by the Central Bank of Ireland, ASIC in Australia, FSCA in South Africa, FSA in Japan, and other respected regulatory bodies, ensuring a high level of client protection. AvaTrade offers multiple trading platforms, including the popular MetaTrader 4 and MetaTrader 5, as well as their proprietary platforms such as AvaTradeGO, AvaOptions, and DupliTrade.

The broker also provides a range of educational materials to support traders in their learning journey. These resources include trading guides, video tutorials, webinars, and market analysis. AvaTrade offers a free demo account, allowing traders to practice their strategies and familiarize themselves with the platforms and trading conditions without risking real funds. This feature is particularly beneficial for beginners who are new to trading or for experienced traders looking to test new strategies.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


As you explore alternatives to, IC Markets, Pepperstone,, AvaTrade, and XTB emerge as strong contenders. Each of these brokers offers unique features, competitive pricing, reliable customer support, and advanced trading platforms. Traders should carefully evaluate factors such as trading instruments, platform features, regulation, and educational resources when considering these alternatives. By selecting the best alternative that meets their trading requirements, traders can enhance their trading experience and potentially achieve their financial goals more effectively in the dynamic world of online trading. It is important for traders to conduct thorough research and consider their individual trading needs before making a decision on the best alternative to

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