PowerOption Alternative Brokers Compared
We found when trading having a broker you can rely on is essential. If PowerOption does not match your requirements we explain the top PowerOption alternatives and PowerOption competitors in this guide.
The best alternative for PowerOption is IC Markets or Roboforex.
When searching for a PowerOption alternative, there are a few things you need to check. The PowerOption trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements.
We offer a detailed list and examination of the top PowerOption alternatives and competitors feature by feature further below this PowerOption alternatives guide.
If you are looking for a trading platform that offers similar features to PowerOption or PowerOption. Or if you are looking for features that PowerOption does not offer that you require when trading, we will show you the best PowerOption alternative options below.
We highlight the pros and cons of each PowerOption alternative. Maybe you are looking for better customer service from a PowerOption alternative or more competitive PowerOption fees and more financial instruments to trade.
We have listed some reasons why PowerOption may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.
- PowerOption does not allow hedging (See brokers for Hedging here)
- PowerOption does not offer negative balance protection (See PowerOption alternatives who offer negative balance protection here)
- PowerOption does not offer Guaranteed Stop Loss (See PowerOption alternatives who offer Guaranteed Stop Loss here)
- PowerOption does not allow Scalping (See brokers for scalping here)
- ECN accounts are not offered by PowerOption (Look here for PowerOption alternatives offering ECN accounts)
- STP accounts are not offered by PowerOption (Look here for PowerOption alternatives offering STP accounts)
- PowerOption does not offer MT4 (See PowerOption alternatives offering the MT4 trading platform here)
- MT5 is not offered by PowerOption (find PowerOption alternatives that offer the MT5 trading platform here)
- cTrader is not offered by PowerOption (find PowerOption alternatives offering the cTrader trading platform here)
- PowerOption does not offer VIP accounts (Check here for PowerOption alternatives offering VIP accounts)
Top PowerOption Alternative is IC Markets
| Broker |  |
 |
 |
|---|---|---|---|
| Rating | ★★★☆☆ 3/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | Web, API, SmartSearchXL | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows |
| 📋 Instruments Available | 1575900 | 2250 | 12000 |
| 📈 Stocks Offered | 2100 | 0 | |
| 💎 Crypto | No | Yes | No |
| 💹 Forex Pairs | 61 | 35 | |
| 📈 Commodities | 0 | 20 | 21 |
| 💰 Min Deposit | 100 | 200 | 10 |
| 👱♂️ Used By | 10,000+ users | 200,000+ users | 730,000+ users |
| 📆 Founded | 2008 | 2007 | 2009 |
| 👮♂️ Regulation | Unregulated | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund |
| 🌍 HQ | Cyprus | Australia | Belize |
| 🚫 Excluded Countries | US | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
If you want to see a more indepth feature by feature PowerOption alternative comparison, you can scroll further down here.
