Page Summary
Interactive Brokers and XTB are leading online brokers with beginner-friendly platforms. Interactive Brokers offers competitive fees with a minimum deposit of $0. It has a proprietary platform and a premium app with acces to a demo account. Interactive Brokers has licenses from the IIROC, CFTC, FCA, FINMA, MAS, SFC, and FSA. It is a top choice for new traders because of its educational materials and tools.
XTB is the leading beginner-friendly online broker with an FCA license. It follows a transparent fee structure and funding process. XTB has easy-to-learn platforms and many educational tools. We recommend it for beginner traders.
Both online brokers have advantages and disadvantages. This article discusses the differences between Interactive Brokers and XTB.
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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.
XTB
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 1:500 |
| 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 | 1% | $0 |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | €12 |
| Forex (EUR/USD) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | 1.0 pips |
| Stocks & ETF | $ 0.005 per share | 0 |
| CFD (Gold) | 0.02% | 1.19 pips |
| Crypto | 0.12% to 0.18% of trade value | 100 pips |
| Options | 0 | |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 16.500 | 0 |
| ETF & Funds | 35.000 | 0 |
| Crypto | 4 | 0 |
| Commodities | 1 | 0 |
| Indices | 3052 | 0 |
| Options | 50.000 | 0 |
| Futures | 245 | 0 |
| Bonds | 1.000.000 | 0 |
| Forex Instruments | 115 | 57 |
| CFD Indices & Funds | 13 | 37 |
| CFD Stocks | 8.000 | 1796 |
| CFD Commodities | 2 | 23 |
| CFD Crypto | 0 | 10 |
| 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
Top findings from the Interactive Brokers vs. XTB review:
- Interactive Brokers has beginner-friendly and professional trading tools and tutorials.
- XTB has useful educational and research data for new traders.
- Both brokers have a proprietary platform and a demo account.
We recommend Interactive Brokers to traders of all levels of experience. It offers useful research and trading information for investors looking forward to improving their trading knowledge. XTB is a better choice for inexperienced traders as it has a simple-to-understand platform.
Level of experience
Interactive Brokers has many educational tools, including webinars and investor dictionaries. It offers access to Trading Central and forex news. The demo account available is an excellent learning tool. Interactive Brokers has both professional and beginner-friendly tools.
XTB is the leading choice for new traders because of its easy-to-understand platform. It offers user-friendly tools, educational materials, and research features. The free virtual trading account allows new traders to test the platform.
Fees
Both brokers have a transparent fee structure and a minimum initial deposit of $0. They offer an active trader discount.
Assets
Interactive Brokers offers 105 forex currency pairs, while XTB has 49 available pairs. Interactive Brokers has 7400 CFDs, while XTB offers 9600 CFDs.
Trading platform
Interactive Brokers offers a premium trading experience with desktop and web platforms. It has useful educational materials, including webinars, forex education, and advanced trading videos. It is a top choice for traders of all levels of experience.
XTB offers a beginner-friendly proprietary platform, desktop, web, and mobile app. It has access to social trading and MetaTrader 4. Its virtual trading account lets new traders test its offering with virtual money.
Banking services
Banking services are an important component of online trading. Interactive Brokers offers bank transfers for withdrawing and depositing funds. XTB has many funding options, including bank transfers, credit/debit cards, PayPal, and Skrill.
Final verdict
Interactive Brokers and XTB are leading beginner-friendly online brokers. Both have strengths and weaknesses depending on your trading skills and needs. Interactive Brokers is an excellent choice for both new and experienced traders. It offers reliable trading platforms and tools. XTB is a better choice for inexperienced traders as it offers many learning materials.
Interactive Brokers compared to other brokers: