Alternatives To Robinhood

1. Our top pick in Brazil
   1

   AvaTrade

   4.9/ 5

   Visit AvaTrade Read review
   • Demo account
   • Min. deposit: $100
   • Min. trade: 0.01 Lots
2. 2

   Plexytrade

   3.9/ 5

   Visit Plexytrade Read review
   • Demo account
   • Platforms: MT4, MT5, TradeLocker
   • Min. deposit: $50
3. 3

   NAGA

   4.1/ 5

   Visit NAGA Read review
   • Demo account
   • Regulator: CySEC, FSCA, FSA, ADGM/FRSA
   • Min. deposit: $10-$250 (location and tier dependent)
4. 4

   XM

   4.8/ 5

   Visit XM Read review
   • Demo account
   • Platforms: MT4, MT5, TradingCentral
   • Min. deposit: $5
5. 5

   Trade Nation

   4.4/ 5

   Visit Trade Nation Read review
   • Demo account
   • Regulator: FCA, ASIC, CMVM , FSCA, SCB, FSA
   • Platforms: TN Trader, MT4, TradingView
6. 6

   IC Trading

   4.2/ 5

   Visit IC Trading Read review
   • Demo account
   • Regulator: FSC
   • Min. deposit: $200

Learn how we test brokers and why you can trust our ratings.

Community Sentiment

See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.

AvaTrade

4.9/ 5

Visit AvaTrade AvaTrade review

AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets.

AvaTrade quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures

Regulator

ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)

Platforms

WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade

Minimum Deposit

$100

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, ZAR

Pros

• Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
• AvaTrade launched AvaFutures to offer low-margin access to global markets, then expanded in 2025 as one of the first brokers to add CME’s Micro Grain Futures, and then later in the year went further by integrating with TradingView.
• The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.

Cons

• AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
• The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
• While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.

Visit AvaTrade AvaTrade review

Plexytrade

3.9/ 5

Visit Plexytrade Plexytrade review

Plexytrade is a newcomer in the brokerage scene with attention-grabbing features like 1:2000 leverage, zero spreads on select instruments and fast execution speeds of less than 46 milliseconds. However, the absence of regulation is a significant concern, while the non-existent research and educational tools place it far behind industry frontrunners.

Plexytrade quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Indices, Stocks, Commodities, Crypto

Platforms

MT4, MT5, TradeLocker

Minimum Deposit

$50

Minimum Trade

0.01

Account Currencies

USD, EUR

Pros

• The choice of accounts provides a solution for various trading styles, with Gold Raw appealing to day traders owing to its spreads from 0.0 pips.
• Plexytrade accommodates a range of trading methods and short-term strategies, including scalping, hedging, and automated trading.
• There are various VPS packages starting from $50 per month, but they become complimentary once specific deposit thresholds are reached.

Cons

• With around 100 instruments, Plexytrade restricts the flexibility of investors who prefer to trade across various assets, especially compared to Blackbull with its 26,000 securities.
• There are no social or copy trading features for inexperienced traders to replicate the trades of more experienced investors, trailing category leaders like eToro.
• Deposits and withdrawals are exclusively facilitated through cryptocurrencies, as Plexytrade does not support bank cards, bank wire transfers, or e-wallets.

Visit Plexytrade Plexytrade review

NAGA

4.1/ 5

Visit NAGA NAGA review

NAGA is a snug fit for beginners who like to learn by watching others, delivering a more advanced social trading network than the majority of CFD brokers, featuring a leaderboard with top traders by profit and win rate, and a one-tap autocopy function in the platform and app that’s a standout.

NAGA quick facts

Demo Account

✔Yes

Instruments

CFDs on Forex, Indices, Shares, Commodities, Crypto, Real Stocks and Futures

Regulator

CySEC, FSCA, FSA, ADGM/FRSA

Platforms

NAGA Platform, NAGA App, MT4, MT5, TradingView, TradingCentral

Minimum Deposit

$10-$250 (location and tier dependent)

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, PLN

Pros

• NAGA stands out among social brokers for its wide range of assets, offering over 4,000 tradable options. These include forex pairs, stock, ETF, and index CFDs, commodity CFDs, crypto, and even exchange-traded futures, which are rare for retail clients.
• NAGA Group AG, the parent company, is listed on the Frankfurt Stock Exchange and publishes audited financial statements. This level of transparency is not available with privately held offshore brokers.
• During testing, we were approved to begin trading very quickly; after we provided our ID and proof of address, approval was granted the next business day, and the onboarding process included a suitability questionnaire — a responsible step that some brokers fail to include.

Cons

• The 1:30 leverage limit only applies to clients in the EU (under CySEC) and the GCC (through Abu Dhabi’s ADGM). Clients from LATAM, Asia, and Africa use the Seychelles or FSCA entities, where leverage can go up to 1:1000 and there’s no compensation scheme. This mix of high leverage and little protection is a risk, along with concerns about its suspended Trustpilot score in 2026.
• NAGA’s pricing structure is tough on smaller accounts. There’s only one account type, but it has six tiers based on your deposit. The EUR/USD spread is about 1.7 pips at the Iron tier and drops to a competitive 0.9 pips at Diamond ($50,000 deposit) or 0.7 pips at Crystal ($100,000 deposit).
• There are neither Raw nor ECN accounts available; the only means of securing competitive spreads is to advance through the VIP ladder by making a deposit of five figures, so traders who are sensitive to costs or who trade frequently must commit a large sum.

Visit NAGA NAGA review

XM

4.8/ 5

Visit XM XM review

With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years.

XM quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies

Regulator

CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE

Platforms

MT4, MT5, TradingCentral

Minimum Deposit

$5

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, JPY, ZAR

Pros

• XM has rolled out platform upgrades with integrated TradingView charts and an XM AI assistant, delivering faster execution, smarter analysis, and a sleeker, more intuitive trading experience.
• XM’s growing roster of 1,400+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
• XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.

Cons

• XM is falling behind the curve by not offering cTrader, which is favored over MetaTrader by some serious traders for its smoother user experience and superior charting package.
• While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
• XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable solution for a more beginner-friendly user experience with unique features.

Visit XM XM review

Trade Nation

4.4/ 5

Visit Trade Nation Trade Nation review

Trade Nation suits discretionary traders who want to speculate on major indices like the US 500 or liquid FX pairs, and want the predictable all-in costs of fixed spreads. In tests, we found the fixed-spread TN Trader environment particularly useful for trading around scheduled economic releases owing to its reliable charting environment and because published spreads stayed capped.

Trade Nation quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only)

Regulator

FCA, ASIC, CMVM , FSCA, SCB, FSA

Platforms

TN Trader, MT4, TradingView

Minimum Deposit

$0

Minimum Trade

0.1 Lots

Account Currencies

USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK

Pros

• Trade Nation accounts can now be linked with TradingView, providing advanced multi-charts and the ability to execute trades directly.
• In testing of the TN Trader account under normal market conditions, fixed spreads held while fills were prompt on major forex pairs, with a slight drift in the entry level as price ticked between click and fill.
• The broker expanded into Europe with regulated online trading services after securing authorization from Portugal's CVMV, boosting its safety protections for European residents.

Cons

• Offshore SCB and FSA entities allow retail clients up to 1:200 and 1:500 leverage compared to 1:30 in regions like the UK, Europe and Australia, so an FSA client can have 16 times the exposure of a UK retail client on the same trade, but with less oversight and no compensation scheme.
• The 2–20% rebate scheme is closed to FCA, CMVM, and ASIC clients, meaning active day traders in these regions who would benefit from transaction rebates cannot claim them.
• Withdrawals can take up to five business days, which is around the industry average but slower than the 1-3 days we’re increasingly seeing brokers offer in an attempt to quash withdrawal complaints from retail investors.

Visit Trade Nation Trade Nation review

IC Trading

4.2/ 5

Visit IC Trading IC Trading review

With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders.

IC Trading quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures

Regulator

FSC

Platforms

MT4, MT5, cTrader, AutoChartist, TradingCentral

Minimum Deposit

$200

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

• IC Trading provides industry-leading spreads, including 0.0-pip spreads on major currency pairs such as EUR/USD, making it ideal for day traders.
• Trading Central and Autochartist are valuable tools for in-depth technical summaries and actionable trading ideas and are accessible from within the account area or the cTrader platform.
• IC Trading offers unusual flexibility in its accounts, enabling traders to open up to 10 live and 20 demo accounts, meaning you can run separate profiles for different activities, such as manual trading and algo trading.

Cons

• Despite being part of the trusted IC group, IC Trading is authorized by a weak regulator - the FSC of Mauritius, with limited financial transparency and regulatory safeguards.
• Customer support performed poorly during testing with multiple attempts to connect via live chat and no one available to assist, plus unanswered emails, raising concerns about its ability to address urgent trading concerns.
• The educational resources are greatly in need of improvement, unless you navigate to the IC.com website, posing a limitation for beginners in search of a comprehensive learning journey, especially compared to category leaders like eToro.

Visit IC Trading IC Trading review