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.
Quick Verdict
Interactive Brokers is the winner in this comparison, outperforming Plexytrade after we recorded hundreds of data points and ran hands-on tests, earning it the higher overall rating and our recommendation.
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Interactive Brokers
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Plexytrade
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Interactive Brokers (IBKR) is a leading brokerage offering access to over 170 markets in 40 countries and a range of investment services. With 40+ years in the industry, this Nasdaq-listed company follows strict regulations by the SEC, FCA, CIRO, and SFC, making it a trusted global trading broker. | Established in 2024 in Saint Lucia, Plexytrade is an ECN/STP broker for active traders. It offers four account types, crypto deposits and withdrawals, and leverage up to 1:2000. | |
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | CFDs, Forex, Indices, Stocks, Commodities, Crypto |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $50 |
| Trading Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | MT4, MT5, TradeLocker |
| Payment Methods | ACH Transfer, Automated Customer Account Transfer Service, Cheque, TransferWise, Wire Transfer | Bitcoin Payments, Ethereum Payments |
| Minimum Trade | $1 | 0.01 |
| Regulator | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS | |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | USD, EUR |
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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. | Plexytrade offers 100+ instruments through the MT4 and MT5 mobile apps instead of its own app. MetaTrader suits experienced traders but may be difficult for beginners. Deposits, withdrawals, and account management must be done on the Plexytrade website, limiting the mobile experience. |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 5.5% - 6.13% (depending on account tier) | |
| Account Types | STP, DMA, MAM, Demat | STP, ECN |
| AI / Machine Learning | ✓ | ✗ |
| Robo Advisor | ✓ | ✗ |
| Negative Balance Protection | ✗ | ✓ |
| Market Maker | ✗ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✗ |
| Auto Trading | 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 | |
| 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. | Plexytrade provides an assortment of CFDs, letting you predict price movements of 15 indices, 48 US stocks, 3 commodities, 4 metals, and 5 cryptocurrencies. Also, their free margin calculator helps you determine the necessary amount needed to initiate and uphold leveraged positions in trading. | |
| Leverage | 1:50 (major forex pairs), 1:2-1:4 (equities) | 1:2000 |
| FTSE Spread | 0.005% (£1 Min) | 0.8 |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 0.8 |
| Oil Spread | 0.25-0.85 | 5 |
| Stocks Spread | 0.003 | 5 |
Forex Trading | ||
IBKR offers more than 100 major, minor, and exotic forex pairs, more than almost any other option except CMC Markets. Forex trading is available on multiple platforms with institutional-grade spreads starting from 0.1 pips and over 100 complex order types, like brackets, scale, and one-cancels-all (OCA) orders. | Plexytrade offers the opportunity to trade in three types of forex pairs: major, minor, and exotic. They provide a high leverage of 1:2000 and low spreads starting at 0.0 - these features can be attractive to experienced traders seeking profits from small price movements. However, the platform's variety is restricted as they offer only 41 currency pairs, which is considerably less compared to the 100+ forex assets offered by IG. | |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 0.8 |
| EURUSD Spread | 0.08-0.20 bps x trade value | 0.7 |
| EURGBP Spread | 0.08-0.20 bps x trade value | 1.1 |
| Assets | 100+ | 40+ |
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. | Plexytrade provides traders the opportunity to benefit from cryptocurrency market fluctuations. It offers leveraged trading in 5 well-known cryptocurrencies, including Bitcoin. Still, the limited selection of digital tokens falls behind top brokers such as Eightcap, which boasts over 100 crypto derivatives. | |
| Crypto Spread | 0.12%-0.18% | 1.1 |
| Crypto Coins | BTC, LTC, ETH, XRP | BTC, ETH, LTC, SOL, XRP |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |