EFG Hermes vs Interactive Brokers

EFG Hermes vs Interactive Brokers Comparison Table 2022
EFG Hermes Interactive Brokers
United States Flag Traders from US accepted
United States Flag Traders from US accepted
EFG Hermes is a MENA-focused online broker that offers OTC securities and CFD trading in a wide range of markets. IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
Bonus
None None
Instruments
Stocks, CFD, Forex Stocks, Futures, E-minis, Options, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $10000
Payment Methods
Cheque, Wire Transfer ACH Transfer, Apple Pay, Cheque, Credit Card, Google Pay, JCB Card, Mastercard, Samsung Pay
Minimum Trade
No $100
Regulator
DIFC SEC, FCA, IIROC, SFC
Margin Trading
Yes Yes
Margin Rate
1.55 - 2.59%
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No Yes
OmniTrader
No Yes
TradingView
No No
Autochartist
No No
eSignal
No Yes
Trading Central
No Yes
STP Account
No Yes
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
- -
Trade Signals
- -
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
No No
Copy Trading
No No
Islamic Account
Yes No
Account Currencies
USD, EUR, GBP USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF
Stock Exchanges
Abu Dhabi Securities Exchange, Dubai Financial Market, Nairobi Stock Exchange, Nasdaq Dubai, Tadawul Chicago Mercantile Exchange, Euronext, Korean Stock Exchange, London Metal Exchange, London Stock Exchange, New York Stock Exchange, Shenzhen Stock Exchange, Toronto Stock Exchange
CFD
Clients can speculate on a range of CFDs, encompassing foreign exchange, equities, indices and commodities.
Leverage
Variable 1:50
FTSE Spread
Variable 0.005% (£1 Min)
GBPUSD Spread
Variable Commission (.20 pts x trade value)
Oil Spread
Variable N/A
Stocks Spread
Variable From 0.003 per share, variable
Forex
EFG Hermes supports spot and CFD forex day trading through both its desktop and mobile platforms.
GBPUSD Spread
Variable Commission (.20 pts x trade value)
EURUSD Spread
Variable Commission (.20 pts x trade value)
EURGBP Spread
Variable Commission (.20 pts x trade value)
Assets
N/A 70+
Cryptocurrency
Crypto trading not offered
Spread
Coins
BTC, LTC, ETH, XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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