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.
|
Interactive Brokers
|
InstaTrade
|
|
|---|---|---|
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. | InstaTrade, located in the British Virgin Islands, is an online broker that focuses on structured fixed income products and active trading via CFDs. Its no-spread accounts, outstanding research primarily from InstaTrade TV, and access to the well-known MT4 and InstaTrade Gear make it a good choice for traders of all levels. | |
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $1 |
| Trading Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | InstaTrade Gear, MT4 |
| Payment Methods | ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa, Wire Transfer |
| Minimum Trade | $100 | 0.01 |
| Regulator | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | BVI FSC |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | USD, EUR, RUB |
| Trust Rating | ||
| Assets & Markets Rating | ||
| Platforms Rating | ||
| Fees & Costs Rating | ||
| Customer Support Rating | ||
| Education Rating | ||
| Research Rating | ||
| Accounts & Banking Rating | ||
| 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. | InstaTrade's app, downloaded over 2 million times, lets you trade its 300+ instruments easily. With a fast, modern interface, it offers real-time quotes, various orders, and analysis tools. Notably, it includes 'hot' ideas and trading signals to help investors spot opportunities. |
| Android App Rating | ||
| iOS App Rating | ||
| Awards |
| |
| Margin Trading | ✓ | ✓ |
| Margin Rate | 1.55 - 2.59% | |
| Account Types | STP, DMA, MAM, Demat | |
| AI / Machine Learning | ✓ | ✗ |
| Robo Advisor | ✓ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✗ |
| Auto Trading | Capitalise.ai, TWS API | Experts Advisors (EAs) on MetaTrader |
| Copy Trading | ✗ | ✓ |
| Copy Trading Platform | InstaTrade provides automated trading through its Fixed Income Structured Product, allowing clients to mirror active traders' positions. Uniquely, InstaTrade promises a 50% return to clients by covering any shortfall if they refer other users. | |
| 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. | InstaTrade provides the option to trade CFDs in a variety of markets, including stocks, indices, forex, and commodities. Its unique feature is the dynamic leverage that goes up to 1:1000, which can increase potential returns and losses. It also offers negative balance protection, which prevents accounts from dropping below zero. | |
| Leverage | 1:50 | 1:1000 |
| FTSE Spread | 0.005% (£1 Min) | 660 |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 0.2 |
| Oil Spread | 0.25-0.85 | 0.0 |
| Stocks Spread | 0.003 | 8 (Apple Inc) |
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. | InstaTrade provides approximately 100 currency pairs for trading. The spreads begin at 0.0 on major pairs, and our web platform also includes integrated forex analysis with signals, technical and fundamental summaries. They also offer educational content for beginners, which explains forex basics including margin trading and risk management. | |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 0.2 |
| EURUSD Spread | 0.08-0.20 bps x trade value | 0.0 |
| EURGBP Spread | 0.08-0.20 bps x trade value | 2.8 |
| Assets | 100+ | 65 |
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. | InstaTrade provides an option to trade approximately 12 cryptocurrencies against the USD through CFDs. They have very low fees, especially for significant assets like BTC/USD with spreads starting from 0. They also provide a dedicated blog with valuable technical advice to help traders make effective decisions. | |
| Crypto Spread | 0.12%-0.18% | 0 |
| Crypto Coins | BTC, LTC, ETH, XRP | BTC, ETH, XRP, LTC, SOL, UNI, DOGE, BCH, FIL, ADA, DOT, LINK |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |