Our pick: Tastytrade
![Tastytrade logo](https://www.finder.com/niche-builder/656a491bf14e0.png)
- Trade stocks, ETFs, options and futures
- Advanced charting, tools
- Access to Tastytrade educational resources
Interactive Brokers offers low fees for active and professional investors. But its advanced charting tools and $20,000 net worth requirement might be too intimidating for some traders. Here are four trading platforms that give Interactive Brokers a run for their money.
These brokers are strong competitors that deliver similar — if not better — features.
4.7 / 5 ★★★★★
Account types | Brokerage, IRA |
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Annual fee | 0% |
Available asset types | Stocks, Options, ETFs, Cryptocurrency |
Annual fee | 0% |
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4.6 / 5 ★★★★★
Account types | Brokerage, IRA, Custodial, Joint brokerage, Trust |
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Annual fee | 0% |
Available asset types | Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Gold/Commodities, CDs, Treasury Bills |
Annual fee | 0% |
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4.2 / 5 ★★★★★
Account types | Brokerage, IRA, Custodial, Joint brokerage, Trust |
---|---|
Annual fee | 0% |
Available asset types | Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Futures |
Annual fee | 0% |
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4.4 / 5 ★★★★★
Account types | Brokerage, IRA, Trust |
---|---|
Annual fee | 0% |
Available asset types | Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills |
Annual fee | 0% |
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Here are a few reasons why Interactive Brokers is a trading favorite and several of its limitations.
If you’re swapping brokers, the process may vary depending on your current broker and which one you’re moving to. Interactive Brokers allows one free transfer request per calendar month. After that, it charges $10 to wire transfer funds to another account and close your current one.
Interactive Brokers uses the Automated Customer Account Transfer Service (ACATS). You can expect to go through the following process.
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Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
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