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 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 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
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 | 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
| 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 |
Deposit & Withdrawal
| 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
| 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 | 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 |
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
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.com | Forex and CFD trading and MT4 |
| Interactive Brokers | Stocks 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.