Interactive Brokers and Forex.com 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.
Forex.com 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. Forex.com is a top choice for active traders.
Both brokers have advantages and disadvantages. This article discusses the differences between Interactive Brokers and Forex.com.
|Broker Name||Interactive Brokers||Forex.com|
|Regulation||SEC (USA), FCA (UK)|
CIMA, CFTC, IIROC, FSA, FCA & NFA
|Tradable Assets||Stock, ETF, Forex, Fund, Bond, Options, Futures, |
CFD, Crypto, Warrants, Structured Products
|Cryptocurrency, stocks, CFD, futures & forex|
|Platforms||Traders Workstation (TWS)||Desktop, Mobile|
|Deposit||You can open account without deposit||Free of charge|
|Withdrawals||Free of charge for the first withdrawal in calendar month||Free of charge|
Top findings from the Interactive Brokers vs. Forex.com review:
- Interactive Brokers is a leading online broker with professional platforms and tools.
- Forex.com is a leading forex broker with an excellent forex trading app.
- 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. Forex.com is an excellent choice for forex trading for both experienced and beginner traders.
|Commissions & Fees||4.5||3.5|
|Offering of Investments||5||5|
|Platforms & Tools||4.5||4.5|
|66% of retail CFD accounts lose money||79% 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.
Forex.com provides some education and research data, including forex education. Its learning and research tools are focused on forex trading. Forex.com is a top choice for forex traders of all levels of experience.
The minimum initial deposit at Forex.com 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 Forex.com provides 91 pairs. Interactive Brokers offers 7400 CFDs, while Forex.com has 4500 available CFDs.
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.
Forex.com 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 contribute to a premium trading experience. Interactive Brokers offer bank transfers as their funding options. Forex.com has bank transfers, credit/debit cards, and PayPal funding.
Interactive Brokers and Forex.com 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. Forex.com is a good choice for professional traders searching for premium forex services.
Interactive Brokers compared to other brokers:
- Interactive Brokers vs AVAtrade
- Interactive Brokers vs Pepperstone
- Interactive Brokers vs TD Ameritrade
- Interactive Brokers vs XTB
- Interactive Brokers vs XM
- Interactive Brokers vs Moneta Markets
- Interactive Brokers vs Fxpro
- Interactive Brokers vs FP Markets
- Interactive Brokers vs Eightcap
- Interactive Brokers vs City Index
- Interactive Brokers vs IG
- Interactive Brokers vs Tickmill
- Interactive Brokers vs CMC Markets
- Interactive Brokers vs Forex.com
- Interactive Brokers vs Swissquote
- Interactive Brokers vs VT Markets
- Interactive Brokers vs HYCM
- Interactive Brokers VS Vantage FX
- Interactive Brokers vs OandA
- Interactive Brokers vs IC Markets
- Interactive Brokers vs FXCM
- Interactive Brokers Review
- Interactive Brokers Fees Explained
- Interactive Brokers Minimum Deposit
- Interactive Brokers Account Opening
- Interactive Brokers App
- Interactive Brokers Customer Service
- Is Interactive Brokers a Legitimate Broker?
- Is Interactive Brokers Free?
- Is Interactive Brokers Good For Beginners?
- How to Buy/Sell Silver At Interactive Brokers
- Can You Trade Options At Interactive Brokers?
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.
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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.