Forex.com vs. Interactive Brokers Comparison

This contrast guide aids individuals that struggle to pick in between Forex.com and Interactive Brokers to find the most effective online broker for their trading and investment needs. It examines the highlights of the two brokers alongside to aid users contrast their solution and make an informed decision.

To assist individuals pick the best broker between Forex.com and Interactive Brokers to locate the best-suited platform, listed below is a list of broker’s advantages and disadvantages, adhered to by a comparison of their major trading attributes, consisting of trading systems & tools, costs, mobile trading, down payment & withdrawal, properties, law, and consumer assistance.

Forex.com vs. Interactive Brokers: Summary

Forex.com logo

Forex.com a reputable forex and CFD broker regulated by 7 tier–one regulators. They offer access to 5500+ tradable symbols across various markets including forex, stocks, cryptos and CFDs. Forex.com also offers a wide range of proprietary platforms with access to advanced charting features through TradingView, social trading tools and MT4 integration.

Forex.com trading fees are with an average spread of 1.1 pips (EUR/USD) above industry average.

Forex.com customer support is available 24/7 via email, phone and live chat. Their exceptional educational resources, great market research and ease of use make this broker a good choice for beginners and intermediate traders.

Interactive Brokers

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)
  • Low average spread from 0.74 pips EUR/USD
  • Advanced charting features and performance analytics
  • Award Winning Mobile trading app
  • Professional customer support

Cons

  • Educational videos are missing
  • MT5 available outside of US only
  • Limited assets available on MT5

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 MT5
  • 5500 tradable symbols and 4550 CFDs overall
  • Award winning mobile trading app
  • Advanced charting and performance analytics available
  • Great combination of ease of use and personal customisation

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

Forex.com vs. Interactive Brokers Comparison

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Forex.com logo

Forex.com

Open account Read review

80% of retail CFD accounts lose money

Interactive Brokers

Interactive Brokers

Open account Read review

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

Forex.com logo
Interactive Brokers

Overall rating

4,4/5

4,9/5

Overall rating

4,4/5

4,9/5

Trading Platform & Tools

4.6

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:50 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

3.7

4.9

See details
Withdrawal Fee 0 0
Deposit Fee 0 1%
Inactivity Fee $15 per month (after 12 months) 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.8 pips 0.2 pips + 0.08 to 0.20 bps times trade size comission
Stocks & ETF 0 + spread $ 0.005 per share
CFD (Gold) 0.8 0.02%
Crypto 0 0.12% to 0.18% of trade value
Options 0
Conversion Fees 0.50% 0
Misc. Fees 0 0
Overnight Fees 2.50% Yes on CFD’s

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

4.9

See details
Minimum deposit (in UAE) $100 $0
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.1

4.9

See details
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 91 115
CFD Indices & Funds 17 13
CFD Stocks 9500 8.000
CFD Commodities 22 2
CFD Crypto 8 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

4.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.3

4.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.9

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Forex.com vs. Interactive Brokers Comparison Conclusion

The outcomes of our contrast of Forex.com vs. Interactive Brokers are wrapped up in the table below.

Broker:Best For:
Forex.comForex and CFD trading and MT4
Interactive BrokersStocks and ETFs

Choosing the right selection in between Forex.com and Interactive Brokers can be tough. Both online brokers have similarities however vary concerning trading instruments, platforms & applications, guideline, down payment & withdrawals, and research and education. Picking the best broker depends on individuals’ trading & investment objectives, individual preferences, 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.

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