This comparison guide helps individuals who battle to choose in between Finq.com and Interactive Brokers to locate the best online broker for their trading and investment needs. It evaluates the main features of the two brokers alongside to help customers compare their solution and make an educated decision.
To aid individuals pick the right broker between Finq.com and Interactive Brokers to locate the best-suited platform, listed below is a list of broker’s benefits and drawbacks, complied with by a comparison of their primary trading attributes, consisting of trading platforms & tools, costs, mobile trading, deposit & withdrawal, assets, law, and customer support.
Finq.com vs. Interactive Brokers: Summary
Finq.com is a CFD broker based in Israel. Although the broker is regulated by the FSA, it is not considered safe. Users can access 2,100 financial instruments, including CFDs on stocks, commodities, forex, ETFs, indices, cryptocurrencies, and bonds. Trading platforms are available as a web version and MT4 integration.
Finq.com trading fees are average compared to similar CFD brokers from the industry. They charge an average floating spread of 0,14 pips on EUR/USD and no commission on CFD trades. There are no additional trading or non-trading fees, such as inactivity, currency conversion, or deposit and withdrawal transaction fees.
Finq.com’s customer support is available by email (support@finq.com), live chat, and WhatsApp in Arabic and English.
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
Pros
- Low minimum deposit ($100)
- Competitive spread from 0.14 pips (EUR/USD)
- No hidden fees
- Up to $4,000 welcome bonus for new traders
- $10,000 free demo account
Cons
- Limited regulation
- High minimum deposit of $100
- Lacks educational material and research resources
Pros
- Low minimum deposit ($0)
- Industry lowest overall fees
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
Key features
- Competitive trading fees
- Compatibility with MT4 and TradingCentral
- Access to over 2,100 financial instruments
- Free demo account availability
- Fast registration and KYC on-boarding process
- 24/5 support in English and Arabic
Key features
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
Finq.com vs. Interactive Brokers Comparison
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Finq.com
Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 300:1 | 1:20 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 1% |
| Inactivity Fee | $50 if no trades after 3 months | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.8 | 0.2 pips + 0.08 to 0.20 bps times trade size comission |
| Stocks & ETF | 0 | $ 0.005 per share |
| CFD (Gold) | 0.3 | 0.02% |
| Crypto | 0 | 0.12% to 0.18% of trade value |
| Options | 0 | |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100.00 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 16.500 |
| ETF & Funds | 0 | 35.000 |
| Crypto | 0 | 4 |
| Commodities | 0 | 1 |
| Indices | 0 | 3052 |
| Options | 0 | 50.000 |
| Futures | 0 | 245 |
| Bonds | 0 | 1.000.000 |
| Forex Instruments | 55 | 115 |
| CFD Indices & Funds | 50 | 13 |
| CFD Stocks | 2000 | 8.000 |
| CFD Commodities | 19 | 2 |
| CFD Crypto | 4 | 0 |
| CFD Bonds | 5 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Finq.com vs. Interactive Brokers Comparison Conclusion
The results of our comparison of Finq.com vs. Interactive Brokers are involved the table listed below.
| Broker: | Best For: |
| Finq.com | CFD Trading With Welcome Bonuses |
| Interactive Brokers | Stocks and ETFs |
Picking the best selection between Finq.com and Interactive Brokers can be tough. Both online brokers have resemblances however differ regarding trading instruments, platforms & apps, guideline, down payment & withdrawals, and study and education and learning. Selecting the most effective broker depends on individuals’ trading & investment goals, specific choices, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.