Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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Interactive Brokers
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Trade Nation
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Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading. | Trade Nation is a leading foreign exchange and contract for difference broker regulated in various areas including the UK and Australia. This company provides affordable fixed and variable spreads on over 1000 assets and strong trading platforms and educational resources. Traders could use the Signal Centre for trading ideas. | |
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $0 |
| Trading Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | TN Trader, MT4 |
| Payment Methods | ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer | Credit Card, Debit Card, Mastercard, PayPal, Skrill, Visa, Wire Transfer |
| Minimum Trade | $100 | 0.1 Lots |
| Regulator | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | FCA, ASIC, FSCA, SCB, FSA |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK |
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| Mobile Apps | iOS & Android | iOS & Android |
| App Review | The IBKR Mobile app for iOS and Android allows you to access your IBKR accounts, monitor portfolios, execute trades, and view real-time quotes and charts. Its user-friendly design is ideal for new traders, offering a simpler experience compared to the more complex TWS platform. | |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 1.55 - 2.59% | |
| Account Types | STP, DMA, MAM, Demat | STP |
| AI / Machine Learning | ✓ | ✗ |
| Robo Advisor | ✓ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Capitalise.ai, TWS API | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✗ | ✓ |
| Copy Trading Platform | Trade Nation Seychelles provides signals and copy trading options. These tools are beneficial for new traders and those who prefer a less active role in online trading. You can use the knowledge of experienced traders to speculate on major financial markets such as forex, stocks, and commodities. | |
| Social Trading | ✗ | ✗ |
| Trade Signals | ✓ | |
| VPS Hosting | ✗ | ✗ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✓ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $0 |
| Islamic Account | ✗ | ✓ |
CFD Trading | ||
Over 8,000 CFDs on various stocks, indices, forex, and commodities are offered. The TWS platform is ideal for experienced traders, providing a wide range of over 100 order types and algorithms, as well as premier market data from top sources like Reuters and Dow Jones. | Trade CFDs with leverage on more than 1000 assets at low-cost spreads. Use the broker's signals to know when to start and stop trades. | |
| Leverage | 1:50 | 1:500 (entity dependent) |
| FTSE Spread | 0.005% (£1 Min) | From 0.4 |
| GBPUSD Spread | 0.08-0.20 bps x trade value | From 0.6 |
| Oil Spread | 0.25-0.85 | From 3.0 |
| Stocks Spread | 0.003 | Variable |
Forex Trading | ||
IBKR offers more than 100 varieties of major, minor, and exotic forex pairs, exceeding the options provided by most competitors, except for CMC Markets. Forex trading happens across numerous platforms and features spreads from 0.1 pips, which are of institutional quality. It supports 20 types of complex orders like brackets, scale, and one-cancels-all (OCA) orders. | Trade Nation provides more than 30 popular forex pairs with flexible spreads. Traders can utilize a streamlined proprietary platform or MetaTrader 4, and they're provided real-time forex market updates and insights through 'Smart News'. | |
| GBPUSD Spread | 0.08-0.20 bps x trade value | Variable |
| EURUSD Spread | 0.08-0.20 bps x trade value | Variable |
| EURGBP Spread | 0.08-0.20 bps x trade value | Variable |
| Assets | 100+ | 33 |
Cryptocurrency Trading | ||
IBKR allows you to buy and retain Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with low commission fees and no need for a crypto wallet. You can also explore additional assets such as crypto indices, including the NYSE Bitcoin Index, and futures contracts like the BAKKT Bitcoin Futures. | The broker's Bahamas division offers cryptocurrencies. Traders can use thousands of indicators to customize their crypto trading tactics, with no hidden fees. | |
| Crypto Spread | 0.12%-0.18% | Fixed |
| Crypto Coins | BTC, LTC, ETH, XRP | BTC, ETH, LTC |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |