Interactive Brokers (IB) is a well-established broker known for its wide market access and professional trading tools, but several other brokers offer competitive features in 2025. Below is a list of the best alternatives to IB.
Vantage
Vantage stands out as an excellent alternative to IB, offering Raw ECN accounts with spreads from 0.0 pips and fast execution speeds. Vantage is ideal for day traders and scalpers due to its low trading costs and access to MetaTrader 4 and 5. Additionally, Vantage offers social trading features and copy trading, making it appealing to a variety of traders.
OctaFX
OctaFX is a user-friendly broker that provides commission-free trading and a strong focus on beginner traders. With features such as copy trading and access to MetaTrader 4 and 5, OctaFX is a good alternative for those looking to enter the forex market with minimal costs. Regular promotions, including deposit bonuses, further make it attractive for new traders.
IC Markets
IC Markets is renowned for offering an ECN-style trading environment, with some of the tightest spreads in the industry, starting at 0.0 pips. IC Markets caters to professional traders and scalpers with fast execution speeds and access to advanced platforms like MetaTrader 4, 5, and cTrader. It’s a highly competitive choice for those looking for low-latency trading.
FXTM
FXTM is an excellent alternative for both beginner and intermediate traders, offering low spreads, copy trading, and a variety of account types to suit different trading styles. FXTM also boasts a strong focus on education, providing extensive webinars, tutorials, and market insights, making it ideal for traders who are still learning or refining their skills.
XM
XM is known for its low minimum deposit requirements and tight spreads. It offers a variety of account types, making it an accessible option for both beginner and professional traders. XM also provides access to MetaTrader 4 and 5 and does not charge commissions on many assets, making it a competitive choice for traders seeking low-cost trading.
Exness
Exness offers high leverage and competitive pricing, making it an attractive alternative for traders seeking flexibility and affordability. Exness supports MetaTrader platforms and provides a range of account types, catering to different trading needs. Its strong regulatory framework and excellent customer support make Exness a reliable option in 2025.
IG
IG provides access to a wide range of markets, including stocks, indices, and forex, through its proprietary platform and MetaTrader 4. With advanced charting tools and direct market access, IG is ideal for traders who need robust tools for technical analysis. It’s one of the most established brokers in the world, offering competitive spreads and strong customer support.
Avatrade
Avatrade is well-suited for traders looking for a simple yet comprehensive trading experience. With support for MetaTrader, Avatrade’s user-friendly platform and automated trading options make it a strong choice for beginner and intermediate traders. Avatrade offers commission-free trading on most assets and provides a variety of educational resources.
CMC Markets
CMC Markets is known for its Next Generation trading platform, which offers advanced trading tools and access to a wide range of CFDs, including forex, commodities, and indices. CMC Markets is ideal for traders looking for an in-depth charting system and a powerful platform for analysis. It’s a good choice for traders seeking flexibility and market depth.
Etoro
Etoro is famous for its social trading features, allowing users to copy trades from successful investors. This makes it a great choice for beginner traders who want to learn by following experienced traders. Etoro offers a wide range of assets, including stocks, cryptocurrencies, and forex, though its spreads are wider compared to other brokers. Nonetheless, its easy-to-use platform and unique community-focused trading approach set it apart.
Vantage, An Alternative to IB
For traders looking for a more streamlined and cost-effective alternative to Interactive Brokers, Vantage is a top choice. Vantage offers Raw ECN accounts with tighter spreads and lower trading costs, making it a great option for day traders and professionals. Additionally, Vantage supports MetaTrader 4 and 5, providing powerful trading tools along with social trading and copy trading options. This makes Vantage a superior alternative to IB for traders seeking both advanced and user-friendly platforms in 2025.