Interactive Brokers vs. XTB

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

Interactive Brokers

Open account Read review

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 logo

XTB

Open account Read review

81% of CFD retail account lose money

BROKER COMPARISON

Interactive Brokers
XTB logo

Overall rating

4,9/5

3,8/5

Overall rating

4,9/5

3,8/5

Trading Platform & Tools

4.9

4.2

See details
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

4.9

3.7

See details
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

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

2.1

See details
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

4.9

2.9

See details
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

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

3.2

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

4.4

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Top findings from the Interactive Brokers vs. XTB review:  

  1. Interactive Brokers has beginner-friendly and professional trading tools and tutorials. 
  2. XTB has useful educational and research data for new traders. 
  3. 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:

Interactive Brokers Review

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