Best Interactive Brokers alternatives

#1 alternative

eToro

active

Social investing: copy traders, stocks, and crypto in one feed.

4.3

Tel Aviv / London · 35M+ · Public / SPAC-era capital

7.4Solid

A retail broker with a feed. Never describe it as a neobank. Read whether your instrument is a real share or a CFD.

Best for: Retail investors who want copy-trading and a simple app, not DMA plumbing.

Licence

Broker

Protection

FSCS on eligible UK investment firm claims (limits apply) — not a bank deposit

Monthly

No monthly · spreads and CFDs do the work

#2 alternative

SoFi

active

Public US digital bank with investing, loans, and a debit card.

4.7

San Francisco · 10M+ · Public (SOFI)

7.7Solid

The US answer to ‘is this a real bank?’ is yes. Use SoFi for salary + savings + brokerage. Keep Wise for cross-border.

Best for: US customers who want a chartered digital bank plus a brokerage in one login.

Licence

National bank charter (SoFi Bank, N.A.)

Protection

FDIC up to $250,000 at SoFi Bank, N.A. (plus additional via programme banks on some products)

Monthly

Free Checking & Savings

#3 alternative

Revolut

active

Global money app that finally became a UK bank.

4.7

London · 50M+ · $1.7B raised · ~$45B val.

8.6Strong

The default comparison set for a reason. Treat the UK bank product and the e-money wallet as different legal objects, then Revolut wins most travel and multi-currency briefs. It is not the quietest home for a salary if you want a full-licence high-street feel — that is still Starling or Monzo in the UK.

Best for: People who live in more than one currency and want one app for spend, FX, and extras.

Licence

UK bank (eligible customers)

Protection

FSCS up to £85,000 on UK bank balances; EMI safeguarding on e-money wallets

Monthly

Free · Plus/Premium/Metal/Ultra paid

#4 alternative

Wahed is a screened robo, not a current account. Pair it with a real bank. Do not describe the cash sleeve as FSCS current-account money without reading the entity.

Best for: Muslims who want a screened portfolio without building one from a brokerage blank page.

Licence

Investment adviser / manager — confirm the local entity

Protection

Securities accounts, not a bank deposit scheme — SIPC/FSCS-class wrapping depends on entity

Monthly

AUM fee on portfolios (live rate on site)