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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AvaTrade
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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. | Founded in 2006, AvaTrade is a top forex and CFD broker trusted by over 400,000 traders. Regulated in 9 regions, it handles more than 2 million trades monthly. AvaTrade offers platforms like MT4, MT5, and WebTrader, with over 1,250 instruments. Traders of all levels can explore CFDs, AvaOptions, and AvaFutures for short-term trading. AvaTrade provides excellent education and 24/5 multilingual customer support for a complete trading experience. | |
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $300$100 |
| Trading Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade |
| Payment Methods | ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer | Boleto, Credit Card, Debit Card, FasaPay, JCB Card, Mastercard, MoneyGram, Neteller, Perfect Money, Skrill, Swift, WebMoney, Wire Transfer |
| Minimum Trade | $100 | 0.01 Lots |
| Regulator | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | ASIC, CySEC, FSCA, ISA, CBI, JFSA, FSRA, BVI, ADGM, CIRO, AFM |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | USD, EUR, GBP, CAD, AUD |
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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. | AvaTradeGO offers an impressive mobile trading experience with an intuitive interface. The app provides quick access to numerous markets like forex, stocks, indices, commodities, ETFs, and bonds. AvaTradeGO's AvaProtect™ feature stands out by offering a unique level of risk protection. |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 1.55 - 2.59% | 2% |
| Account Types | STP, DMA, MAM, Demat | STP, MAM, PAMM |
| 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 | AvaTrade is highly regarded for its social and copy trading tools. Traders have access to their in-house AvaSocial app and widely-used platforms like DupliTrade and ZuluTrade. It offers detailed performance metrics for you to select the best strategy provider to match your objectives and risk tolerance. | |
| Social Trading | ✗ | ✓ |
| Trade Signals | ✓ | |
| VPS Hosting | ✗ | ✗ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✓ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $50 |
| 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. | AvaTrade offers over 1250+ leveraged CFD products in various asset classes, such as stocks, indices, commodities, bonds, crypto, and ETFs. You can trade on both rising and falling prices using the broker’s advanced web and mobile platforms, which include top research tools for finding short-term trading opportunities. | |
| Leverage | 1:50 | 1:30 (Retail) 1:400 (Pro) |
| FTSE Spread | 0.005% (£1 Min) | 0.5 |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 1.5 |
| Oil Spread | 0.25-0.85 | 0.02 |
| Stocks Spread | 0.003 | 0.13 |
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. | AvaTrade offers over 50 currency pairs with tight spreads starting from 0.9 pips and no commissions. Trade major, minor, and exotic currencies 24/5 on top forex platforms, such as MT4, with advanced charting tools and forex education to enhance your skills, including a dedicated 'Currency Trading' guide. | |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 1.5 |
| EURUSD Spread | 0.08-0.20 bps x trade value | 0.9 |
| EURGBP Spread | 0.08-0.20 bps x trade value | 1.5 |
| Assets | 100+ | 50+ |
| Currency Indices | USD | |
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. | Regulated on five continents, AvaTrade provides secure access to crypto markets. It offers a variety of digital currencies like Bitcoin, Ethereum, and Ripple, and a crypto index for diversification. Competitive crypto spreads and 1:2 leverage are available on its three platforms. | |
| Crypto Spread | 0.12%-0.18% | BTC <1%, ETH 2% |
| Crypto Coins | BTC, LTC, ETH, XRP | BCH, BTC, BTG, ETH, LTC, XRP, EOS, DASH |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |