Best Brokers For Warrants 2025
Explore our top brokers for trading warrants, offering leveraged investment opportunities with the tools to navigate the risks and rewards of this product.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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2Qtrade is a respected Canadian financial company offering various investment accounts featuring $8.75 and $6.95 stocks, mutual fund trades, and more than 100 commission-free ETFs. The company is extensively recognized and chosen by many investors in Canada to grow their savings or retirement funds. Qtrade is also fully authorized by the Canadian Investment Regulatory Organization (CIRO).
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3Founded in 1996, Swissquote is a Swiss bank and broker offering online trading with three million products, including forex, CFDs, futures, options, and bonds. Known for its reliability, Swissquote has built a strong reputation with innovative trading solutions, such as being the first bank to offer crypto trading in 2017 and recently introducing fractional shares and the Invest Easy service.
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4Saxo Markets is a renowned trading brokerage, investment firm and bank. It offers over 72,000 trading instruments, investment products, and managed portfolios, ensuring ample opportunities for clients. It operates under the regulation of more than ten agencies including FINMA, FCA & ASIC, thus providing the best protection. The firm is well-known for its transparent pricing.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai & TWS API | ✓ | ✗ | |
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✓ | ✓ | $0 | Variable | ✗ | ✗ | CIRO | Stocks, ETFs, Bonds, Mutual Funds, Options, GICs | TradingCentral | USD, CAD | ✗ | ✗ | ✗ | |
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✓ | ✓ | $1,000 | 0.01 Lots | 1:100 (Retail), 1:400 (Pro) | ✗ | FCA, FINMA, CSSF, DFSA, SFC, MAS, MFSA, CySEC, FSCA | CFDs, Forex, Stocks, Indices, Bonds, Options, Futures, ETFs, Crypto (location dependent) | CFXD, MT4, MT5, AutoChartist, TradingCentral | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, CHF, HKD, SGD, PLN, AED, SAR, HUF, THB, QAR, MXN | Expert Advisors (EAs) on MetaTrader and FIX API solutions | ✓ | ✗ | |
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✓ | ✓ | ✗ | Vary by asset | 1:30 | ✗ | DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | TradingView, ProRealTime | USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF | ✗ | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
How Safe Are These Best Brokers For Trading Warrants?
Consider how the top warrant trading platforms will protect your funds:
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✗ | |
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Compare Mobile Warrant Trading
As warrant traders increasingly use their mobiles, see how our top providers measured up in our app tests:
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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SaxoTraderGo (iOS, Android, Windows) | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers For Warrants 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $0 | Variable | ✗ | ✗ | ||
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✓ | $1,000 | 0.01 Lots | ✓ | ✗ | ||
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✓ | ✗ | Vary by asset | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers For Warrants 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai & TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader and FIX API solutions | ✗ | ✓ | ✓ | ✗ | 1:100 (Retail), 1:400 (Pro) | ✓ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:30 | ✗ | ✓ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers For Warrants 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | USD: 1.75%, GBP: 2%, EUR: 1.5%, CHF: 0.75% | ✓ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ |
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✓ | USD: 4%, GBP: 3.9%, EUR: 2.6% | ✓ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Compare the Ratings of the Best Brokers For Warrants
Find out how the leading brokers for dealing warrants scored in every area following our expert ratings:
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers For Warrants 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | ✗ | ✗ | ✗ | ✗ | |
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✗ | $0 | N/A | 1.3 | 71 BTC (Prime Account) | |
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✗ | ✗ | 0.10% (subject to min commission) | 0.2 (varies by region) | Variable | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
How Popular Are These Warrant Brokers?
Traders often choose brokers with warrants that have large user bases, suggesting reliability:
| Broker | Popularity |
|---|---|
| Interactive Brokers |
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| Saxo Bank |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- IBKR, primarily designed for skilled traders, has expanded its appeal recently by eliminating its initial $10,000 deposit requirement.
- There's a large selection of free or paid research subscriptions available to all traders. If you subscribe to Toggle AI, you will also receive commission refunds from IBKR.
- Interactive Brokers was named Best US Broker for 2025 by DayTrading.com for its dedication to US traders, ultra-low margin rates, and affordable global market access.
Cons
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
Why Trade With Qtrade?
Qtrade is suitable for Canadian traders seeking a trustworthy, regulated broker for long-term and leveraged trading.
Pros
- User-friendly, award-winning trading platform and customer service.
- Trailing stop loss is an important tool for risk management in trading.
- Wide variety of US and Canadian stocks, funds, ETFs, and additional assets are available for trading.
Cons
- Only accessible to those residing in Canada. If you're from Dubai, the UK, or Lebanon, you won't be eligible.
- Equity commissions of $8.75 can accumulate quickly.
- Limited payment methods, cannot deposit using credit/debit cards.
Why Trade With Swissquote?
Swissquote is a great option for active traders seeking a customizable platform, like its CXFD that includes Autochartist for automated chart analysis to assist trading decisions. However, its average fees and high $1,000 minimum deposit may be less accessible for beginners.
Pros
- Swissquote offers robust platforms for trading, including MetaTrader 4/5 and its proprietary CFXD (formerly Advanced Trader). These platforms provide customizable layouts, advanced charting tools, and technical indicators, all of which performed well in testing.
- Swissquote caters to fast trading strategies like scalping and high-frequency trading, offering 9ms average execution speeds, a 98% fill rate, and FIX API.
- Swissquote is highly trusted for being a bank, listed on the Swiss stock exchange, and authorized by FINMA in Switzerland, FCA in the UK, and CSSF in Luxembourg.
Cons
- Swissquote mainly serves professional and wealthy clients, requiring high minimum deposits like $1,000 for Standard accounts. This makes it less suitable for smaller traders, who might prefer brokers offering higher leverage and no minimum deposit.
- Analysis indicates Swissquote has relatively high fees, with forex spreads starting at 1.3 pips on Standard accounts, whereas Pepperstone and IC Markets offer 0.0 pips. Transaction fees for non-Swiss stocks and ETFs can increase costs for frequent traders.
- Unlike brokers like eToro, which offer social trading features, Swissquote lacks tools for community interaction or copying successful traders. This limits its appeal for those who value peer learning.
Why Trade With Saxo Bank?
Saxo is ideal for frequent traders and large-scale investors due to its extraordinary range of tools, high-quality market research, and fee discounts. Moreover, its offering of 190 currency pairs with narrow spreads makes it suitable for forex traders.
Pros
- High-quality learning materials like podcasts, webinars, and expert videos are available for traders.
- A reputable and strictly regulated brand from Switzerland.
- You can use thorough analysis tools like TradingView and Updata for trading.
Cons
- Do not accept clients from certain regions, specifically the US and Belgium, for trading activities.
- To view Level 2 pricing, a subscription is necessary.
- The trading accounts require substantial funding.
Filters
How We Choose the Best Brokers For Trading Warrants
Brokers were ranked based on our overall ratings which consider over 200 metrics per provider, including the availability of warrant trading instruments and fees.
Each platform was also tested hands-on, providing a real-world perspective on the trading experience.
What To Look For in a Warrant Broker
Product Offerings
When trading warrants, access to a wide range of markets is crucial, as liquidity and pricing efficiency vary between exchanges.
The best brokers provide direct access to warrant markets in key financial hubs like the US, Europe, and Asia, ensuring traders can execute orders at the best available prices.
Additionally, a diverse selection of warrants – including equity, index, and structured product warrants – allows traders to find opportunities that align with their strategies.
Note, that the composition and features of warrant trading products may vary between providers.
Best for Product Offerings: IG stands out from our tests with its products like turbo warrants, providing leveraged exposure to underlying assets and allowing traders to go long or short with built-in knock-out levels for risk management, fully transparent order books, and trading on venue for greater visibility.
IG offers a large suite of warrants for trading, which you can find in seconds using the search bar in its trading platform
Pricing
Warrant trading often involves higher spreads and commissions compared to standard equities due to lower liquidity and complex pricing structures.
Traders should look for brokers with low per-trade commissions, competitive spreads, and transparent execution fees to prevent unnecessary cost accumulation.
Additionally, overnight financing (swap) fees should be clearly disclosed, especially for leveraged warrant positions.
Best for Low Fees: Interactive Brokers offers derivative warrants with low commissions and no added spreads or ticket charges. Its advanced software, which we enjoyed using during testing, and huge range of third parties, make it an excellent pick for advanced traders.
Market Insights
Warrant pricing can be influenced by multiple factors, including implied volatility, time decay, and underlying asset movements. A broker offering real-time data, expert analysis, and product research can give traders an edge.
Look for brokers that provide market research, trade ideas, and historical data to help identify optimal strike prices and expiration dates.
Best for Market Insights: IG‘s research stands out with its comprehensive market screening, technical analysis, social/community insights, and unique features like IGTV videos and the exclusive Trade Live morning show, providing valuable resources for traders at all levels.
Trading Platforms
Trading warrants effectively requires an advanced platform with real-time options analytics, price alerts, and risk assessment tools.
Additionally, brokers with direct market access (DMA) and high-speed execution prevent unnecessary slippage when trading volatile warrants.
Best for Trading Platform: CMC Markets‘ platform includes over 115 indicators, real-time price alerts, and tools to track warrant sensitivity to market movements, making it ideal for active warrant traders. Note, that warrants are only available in certain countries at CMC.
Regulation
Since warrants are often traded on less liquid markets, it’s vital to choose a well-regulated broker that provides investor protection and segregated client funds.
Brokers adhering to strict compliance standards minimize risks related to counterparty default and ensure fair pricing structures for warrants.
Best for Regulation: IG and Interactive Brokers are both highly trusted and widely regulated with decades in the industry, a string of awards, and large user bases, indicating reliability.
Execution Speed and Order Types
Since warrants are time-sensitive instruments, slow execution can significantly impact profitability.
Brokers with ultra-fast order execution, minimal slippage, and access to deep liquidity ensure that traders can enter and exit positions efficiently.
Advanced order types such as stop-loss, limit orders, and trailing stops help traders automate risk management in fast-moving warrant markets.
Best for Execution Speed and Order Types: Interactive Brokers provides lightning-fast execution with direct market access to warrant exchanges, reducing slippage and ensuring efficient order fills, making it a great fit for active traders.
Customer Support
Warrant traders may require specialized customer support to handle complex product queries and expiration-related concerns.
Brokers with dedicated support teams, 24/5 availability, and multilingual assistance provide an advantage in ensuring smooth trading experiences.
Best for Customer Support: CMC Markets trumped nearly all the competition in our tests, with its fast, reliable support available 24/5 and replies in under five minutes during our latest evaluations.
FAQ
What Are Warrants In Trading?
A warrant is like a special ticket for investors. It lets you buy a company’s stock at a fixed price (called the ‘strike’ price) until a certain date. This means you can get new shares directly from the company before what’s known as the ‘expiration date.’
When you buy a warrant, you have the option to use it to buy stock created by the company, called ‘underlying stock,’ at the price you locked in when you got the warrant. But you have to make sure to use it before the expiration date.
Why Do Companies Issue Warrants?
Companies issue warrants because they can make their stocks look more attractive to investors. If the market value of their stock goes up, people with warrants can still buy it at the agreed strike price, which is often a bargain.
This setup can help draw more investors to the company while giving those investors a good deal.
Essentially, buying a warrant is like saying you believe the company’s stock will go up in value. If it does, you can use the warrant to buy shares at a discount compared to what they cost in the market.
How Do Warrants Work?
- Warrants give you the right to buy or sell stock in the future, but they don’t give you the power to vote on company matters or earn dividends.
- They carry high risks but can also bring high returns. Warrants generally cost less and require less investment to gain a bigger piece of company ownership.
- The rules for how warrants work can be different depending on where you are. For example, in the US, you can use them anytime up to the expiration date, but in Europe, you might only be able to use them on the expiration date.
- The ‘premium’ of a warrant is the difference between the warrant’s current price and its minimum value, which is found by looking at the strike price and the current price of the underlying stock.
- The ‘conversion ratio’ tells you how many warrants you need to buy or sell one share of stock. For example, with a 5:1 conversion ratio, you need 5 warrants to buy 1 share.
There are two main kinds of warrants:
- A call warrant lets investors buy shares.
- A put warrant allows holders to sell shares they already own back to the company.