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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FOREX.com
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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. | Established in 1999, FOREX.com is part of StoneX, a global financial services company that serves over a million customers. It's regulated in the US, UK, EU, Australia, and other countries. The broker offers a wide range of markets beyond forex and provides competitive pricing on advanced platforms. | |
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | Forex, Futures and Options on Metals, Energies, Commodities, Indices, Bonds, Crypto Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $100 |
| Trading Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | WebTrader, Mobile, MT4, MT5, TradingView |
| Payment Methods | ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer | ACH Transfer, Credit Card, Debit Card, Mastercard, Neteller, PayNow, Skrill, Visa, Wire Transfer |
| Minimum Trade | $100 | 0.01 Lots |
| Regulator | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | NFA, CFTC |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
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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. | Available with MT4 and Web Trader platforms, the FOREX.com app provides full trading features on an easy-to-use compact platform. Integrated news, analysis, and real-time trade alerts are mobile-specific features that make this app stand out. It surpasses MT4 in mobile charting tools, offering over 80 indicators, 11 chart types, and a sleeker design. |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 1.55 - 2.59% | |
| Account Types | STP, DMA, MAM, Demat | STP, ECN, DMA |
| 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 | ✗ | ✗ |
| Social Trading | ✗ | ✗ |
| VPS Hosting | ✗ | ✓ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✓ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $15 |
| 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. | FOREX.com offers trading capabilities for both long and short positions in over 5,500 Contract for Difference (CFD) opportunities across forex, stocks, indices, commodities, and cryptocurrencies. Their unique Web Trader platform provides a premium trading experience, equipped with over 80 technical indicators and fast execution speeds of only 20 milliseconds, providing an ideal environment for dedicated traders. | |
| Leverage | 1:50 | 1:50 |
| FTSE Spread | 0.005% (£1 Min) | 1.0 |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 1.3 |
| Oil Spread | 0.25-0.85 | 2.5 |
| Stocks Spread | 0.003 | 0.14 |
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. | remains a top FX broker, offering 80 currency pairs with very competitive fees. With EUR/USD spreads as low as 0.0 and a $7 commission per $100k, it excels in the industry. | |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 1.3 |
| EURUSD Spread | 0.08-0.20 bps x trade value | 1.2 |
| EURGBP Spread | 0.08-0.20 bps x trade value | 1.4 |
| Assets | 100+ | 84 |
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. | You can trade a limited selection of over 8 cryptocurrencies against the USD, EUR, GBP, and AUD. The spreads are close, and there's no need for a virtual wallet. Algorithm traders can use Expert Advisors (EAs) to automate their cryptocurrency trades. | |
| Crypto Spread | 0.12%-0.18% | BTC 1.4%, ETH 2% |
| Crypto Coins | BTC, LTC, ETH, XRP | BTC, BCH, ETH, LTC, XRP |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |