eToro is a social trading and multi-asset brokerage platform that offers a wide range of financial instruments to trade and invest in.
Free to sign up, fees vary per trade
Best Wahed Alternatives ranked by AI · updated Aug 2026
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Wahed is a digital investment platform offering diversified, Sharia-compliant portfolios for individuals and institutions. It is aimed at hands-off investors who want Islamic screening across stocks, sukuk, and other assets.
Top 6 Wahed alternatives
Sarwa is a UAE-based digital investment platform for individuals seeking automated portfolios, self-directed trading, and other wealth services. Its managed portfolios use...
Pros
- Combines automated investing and self-directed trading in one platform
- Designed for UAE residents and supports regionally relevant account funding
- Diversified ETF portfolios require less management than individual-stock investing
Cons
- Managed-account fees are higher than many low-cost US brokerage alternatives
- Fewer advanced trading tools than Interactive Brokers or Saxo
- Investment availability and features vary by country of residence
From 0.50%/yr, plus ETF costs
Interactive Brokers is a comprehensive trading platform offering access to various markets worldwide.
Pros
- Global market access
- Low trading fees
Cons
- Complex interface for beginners
- High account minimums
Varies based on trading activity
4
Saxo
Saxo Bank A/S
Saxo is a multi-asset investment and trading platform for affluent retail investors, professionals and institutions. SaxoTraderGO and SaxoTraderPRO provide access to stocks,...
Pros
- Broader asset and market access than XTB, including bonds, options and futures
- More capable research, portfolio and risk-management tools
- Strong multi-currency support for internationally diversified portfolios
Cons
- Higher account requirements and costs than beginner-focused brokers
- More complex than XTB for simple recurring investing
- Commissions, custody fees and minimums vary by country
Commissions vary by asset and market; minimums and custody fees may apply
5
StashAway
StashAway
StashAway is a digital wealth manager that builds and rebalances diversified portfolios for retail investors. It serves hands-off investors with risk-based strategies,...
Pros
- Sophisticated automated allocation and portfolio rebalancing
- Strong educational tools for newer investors
- Offers multiple goal-based and risk-oriented portfolio strategies
Cons
- Does not provide Sarwa's same combination of managed investing and local trading features
- Fees can be relatively high for smaller portfolios
- Strategy customization is limited compared with a full brokerage
From 0.5%/yr, plus fund costs
6
Baraka
Baraka Financial Limited
Baraka is a Middle East-focused investing app that lets individuals buy US stocks and ETFs. It targets newer self-directed investors with fractional...
Pros
- More focused on US stocks and ETFs than Sarwa's managed portfolios
- Simple mobile experience for first-time self-directed investors
- Supports fractional shares and recurring investment features
Cons
- No equivalent to Sarwa's diversified managed portfolios
- Narrower market coverage than Interactive Brokers
- Research and advanced trading tools are limited
Freemium; plan and transaction fees vary
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