Home Brokers comparison Interactive Brokers vs. XTB

Interactive Brokers vs. XTB

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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. 

Broker NameInteractive BrokersXTB
Year Founded19782002
RegulationSEC (USA), FCA (UK)FCA, KNF, BaFIN, CNMV, AMF, CySEC, and FSC
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures,
CFD, Crypto, Warrants, Structured Products
CFDs on 3900 stocks and ETFs, 22 commodities, 42 indices, 25 cryptocurrencies, 49 forex pairs, 7800 cash equities (i.e., non-leveraged), 150 ETFs
Min Deposit$0250 ($, £, €)
Min Trade$0
PlatformsTraders Workstation (TWS)xStation 5 (proprietary), MT4 (Higher spread)
DepositYou can open account without deposit100 ($, £, €) – free
WithdrawalsFree of charge for the first withdrawal in calendar month100 ($, £, €) – free

Top findings from the Interactive Brokers vs. XTB review:  

  1. Interactive Brokers has beginner-friendly and professional trading tools and tutorials. 
  1. XTB has useful educational and research data for new traders. 
  1. 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. 

Overall Rating

FeatureInteractive BrokersXTB
Overall4.54.5
Commissions & Fees4.54
Offering of Investments55
Platforms & Tools4.54.5
Mobile Trading44
Research4.54.5
Education44
Trust Score9492
WinnerYES
66% of retail CFD accounts lose money77% of retail CFD accounts lose money

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:


Methodology 

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.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

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 Forex.com 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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