Interactive Brokers vs.


Interactive Brokers and are leading online brokers with top-tier regulations. Interactive Brokers is a secure broker with licenses from the IIROC, FCA, MAS, FSA, SFC, FINMA, and CFTC. It has a proprietary platform and a professional app with a demo account. Interactive Brokers is a good choice for professionals as it has premium educational and research tools. is the leading forex broker with licenses from the IIROC, FCA, FSA, and CFTC. It offers straightforward trading platforms and apps with some educational tools. is a top choice for active traders. 

Both brokers have advantages and disadvantages. This article discusses the differences between Interactive Brokers and 

Broker NameInteractive
Year Founded19782001
RegulationSEC (USA), FCA (UK)
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures,
CFD, Crypto, Warrants, Structured Products
Cryptocurrency, stocks, CFD, futures & forex 
Min Deposit$0$100
Min Trade$1
PlatformsTraders Workstation (TWS)Desktop, Mobile
DepositYou can open account without depositFree of charge
WithdrawalsFree of charge for the first withdrawal in calendar monthFree of charge

Top findings from the Interactive Brokers vs. review:  

  1. Interactive Brokers is a leading online broker with professional platforms and tools. 
  1. is a leading forex broker with an excellent forex trading app. 
  1. Both brokers offer a demo account, a proprietary platform, and an active trader discount. 

We recommend Interactive Brokers for traders looking for professional platforms and tools. is an excellent choice for forex trading for both experienced and beginner traders. 

Overall Rating

Commissions & Fees4.53.5
Offering of Investments55
Platforms & Tools4.54.5
Mobile Trading44.5
Trust Score9493
66% of retail CFD accounts lose money79% of retail CFD accounts lose money

Level of experience  

Interactive Brokers offers some research tools, including forex news and Trading Central. It has educational materials, including webinars and investor dictionaries. Interactive Brokers has premium trading platforms and a virtual trading account. provides some education and research data, including forex education. Its learning and research tools are focused on forex trading. is a top choice for forex traders of all levels of experience. 


The minimum initial deposit at is $100, while Interactive Brokers doesn’t charge an initial fee. Both brokers offer an active trader discount. 


Interactive Brokers has 105 forex currency pairs, while provides 91 pairs. Interactive Brokers offers 7400 CFDs, while has 4500 available CFDs. 

Trading platform  

Interactive Brokers offers an excellent online trading experience with desktop and web platforms. It has many research and education tools, including advanced trading videos. Interactive Brokers is recommended for experienced traders, as its platforms are challenging for beginners. offers a leading forex trading app, desktop, and web platform. It has MT4 and MT5 with many trading tools. These include a demo account, standard alerts, and some research tools. It is a good choice for traders of all levels of experience who want to improve their forex trading knowledge. 

Banking services  

Banking services contribute to a premium trading experience. Interactive Brokers offer bank transfers as their funding options. has bank transfers, credit/debit cards, and PayPal funding. 

Final verdict 

Interactive Brokers and are leading online brokers. Both have strengths and weaknesses depending on your trading knowledge and skills. Professionals choose Interactive Brokers because of its excellent platforms. is a good choice for professional traders searching for premium forex services. 

Interactive Brokers compared to other brokers:

Interactive Brokers Review


The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

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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.

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Braden Chase is an investor, trading specialist, and former research specialist for who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.


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