Alternatives To Robinhood

1. Our top pick in United Kingdom
   1

   IG

   4.8/ 5

   Visit IG Read review
   • Demo account
   • Min. deposit: $0
   • Min. trade: 0.01 Lots
   70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2. 2

   Interactive Brokers

   4.3/ 5

   Visit Interactive Brokers Read review
   • Demo account
   • Min. deposit: $0
   • Min. trade: $1
3. 3

   XTB

   4.8/ 5

   Visit XTB Read review
   • Demo account
   • Platforms: xStation
   • Min. deposit: $0
   74% of accounts lose money when trading CFDs with this provider.
4. 4

   FXCC

   4.6/ 5

   Visit FXCC Read review
   • Demo account
   • Regulator: CySEC, MISA
   • Platforms: MT4, MT5
5. 5

   Spreadex

   4.5/ 5

   Visit Spreadex Read review
   • Regulator: FCA
   • Platforms: Spreadex Platform, TradingView, AutoChartist
   • Min. trade: £0.01
6. 6

   Trade Nation

   4.4/ 5

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

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.

IG

4.8/ 5

Visit IG IG review

IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.

IG quick facts

Demo Account

✔Yes

Instruments

CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)

Regulator

CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA

Platforms

Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime

Minimum Deposit

$0

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Pros

• As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust.
• IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis.
• The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.

Cons

• IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
• Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
• IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.

Visit IG IG review

Interactive Brokers

4.3/ 5

Visit Interactive Brokers Interactive Brokers review

Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry.

Interactive Brokers quick facts

Demo Account

✔Yes

Instruments

Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs

Regulator

SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS

Platforms

Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower

Minimum Deposit

$0

Minimum Trade

$1

Account Currencies

USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

• Interactive Brokers has launched a unified interface that integrates prediction markets across three top exchanges: Kalshi, CME Group, and ForecastEx, with products where users can trade yes/no contracts on political, economic, and climate events, with fixed $1 payouts per contract, 24/6 market access, and interest on eligible held positions.
• There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
• IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.

Cons

• IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
• Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
• You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.

Visit Interactive Brokers Interactive Brokers review

XTB

4.8/ 5

Visit XTB XTB review

XTB stands out as a top choice for new day traders with the terrific xStation platform, low trading costs, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform.

XTB quick facts

Demo Account

✔Yes

Instruments

CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs

Regulator

FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti

Platforms

xStation

Minimum Deposit

$0

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP

Pros

• XTB offers fast withdrawals with payment within 3 business days, depending on the method and amount.
• With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels.
• XTB has boosted its interest rate on uninvested balances and added zero-fee ISAs (On ETFs and real shares, or 0.2% with transactions over €100k) for UK clients with a huge range of markets available.

Cons

• XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
• Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.
• The research tools at XTB are good but could be great if they went beyond in-house features with access to leading third-party tools such as Autochartist, Trading Central and TipRanks.

Visit XTB XTB review

FXCC

4.6/ 5

Visit FXCC FXCC review

FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders.

FXCC quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto

Regulator

CySEC, MISA

Platforms

MT4, MT5

Minimum Deposit

$0

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD

Pros

• The free VPS for qualifying traders and the ability to build or buy EAs on MetaTrader make FXCC a strong option for algo traders.
• FXCC’s ECN XL account has been built with active traders in mind, featuring spreads from 0.0 with no commission, while also passing our execution speed benchmark for day traders.
• FXCC has stepped up its offering over the years, adding MT5 to its suite of platforms, hundreds of stocks and more cryptos to its product line-up, plus a copy trading feature and greater margin trading opportunities.

Cons

• Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
• FXCC charges steep withdrawal fees on many of its payment methods, including $45 for bank transfers and 2% crypto transfers, which may cut into the returns of traders making regular withdrawals.
• Although the economic calendar has benefited from a facelift, FXCC still offers very little in terms of market research beyond basic daily technical analysis and aggregated market news, with no tools like Autochartist or social sentiment data.

Visit FXCC FXCC review

Spreadex

4.5/ 5

Visit Spreadex Spreadex review

Spreadex will appeal to UK day traders who are interested in both spread betting on financial markets and placing traditional bets on sports events. Fees are low on short trades and profits are tax-free on spread bets. There's also a powerful proprietary charting platform, plus £0 minimum deposit required to get started.

Spreadex quick facts

Demo Account

✘No

Instruments

Forex, CFDs, Indices, Commodities, Stocks, Crypto, Bonds, Interest Rates, ETFs, Options, Spread Betting

Regulator

FCA

Platforms

Spreadex Platform, TradingView, AutoChartist

Minimum Deposit

£0 (but £5 minimum for standard payment methods)

Minimum Trade

£0.01

Account Currencies

USD, EUR, GBP, CAD, CHF

Pros

• The web platform works well for active trading from testing, with one-click trading, watchlists, saved layouts, while Force Open all worked smoothly. It was easy to build a clean workspace and manage short-term trade.
• Our fee analysis came through with the EUR/USD at 0.6 pips in quieter hours, while FTSE and S&P 500 spreads stayed in the normal competitive range for spread-betting brokers. For day traders, costs are fair.
• In our live tests near London, Spreadex returned 120–200ms round-trip latency across 50+ FTSE and EUR/USD trades, with no requotes and mostly controlled slippage in normal market conditions.

Cons

• There is no MT4, MT5, cTrader, API, VPS, or algo support - leaving Spreadex much better suited to hands-on traders than anyone running automated or custom trading infrastructure.
• CFDs, financial spread bets, sports, and casino activity all sit in one pooled balance. For serious active traders, that means losses outside trading can directly reduce margin available for trading positions.
• Spreadex makes you use real money from the start, with no demo. It's one of the few spread betting brokers that fail to serve prospective traders this way.

Visit Spreadex Spreadex 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.
• The broker expanded into Europe with regulated online trading services after securing authorization from Portugal's CVMV, boosting its safety protections for European residents.
• The demo comes with a $5,000 practice account and you can request a one-on-one platform walkthrough by callback - this level of personal help is rare.

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.
• There is no raw or ECN pricing tier, which are often prefered by day traders. No matter how much you deposit or trade, you use the same fixed (or variable on MT4) pricing as beginners, making it unsuitable for scalpers especially.
• 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.

Visit Trade Nation Trade Nation review