Forex.com vs Interactive Brokers
| Forex.com Review 2023 | Interactive Brokers Review 2023 |
|---|---|
4.5
Forex.com is #1 in our broker rankings. |
4.3
Interactive Brokers is #13 in our CFD broker rankings. |
 Traders from US accepted |
Traders from US accepted |
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Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders. |
Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources. |
| Bonus Offer | |
| Active Trader Program With A 15% Reduction In Costs | |
| Comment by Reviewer | |
| "Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score." | "Serious traders seeking a regulated broker with unparalleled access to stock markets should look at IB. Their range of stocks can't be beaten." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, Spot Metals | Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Debit Card, ACH Transfer, Wire Transfer | |
| Minimum Trade | |
| 0.01 Lots | $100 |
| Regulator | |
| NFA, CFTC | SEC, FCA, IIROC, SFC |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 1.55 - 2.59% | |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | No |
| DMA Account | |
| Yes | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | Yes |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS & Android | iOS, Android and Windows |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| SMART Signals | |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $15 | $0 |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFD trading not offered | Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements. |
| Leverage | |
| 1:50 | 1:50 |
| FTSE Spread | |
| 1.0 | 0.005% (£1 Min) |
| GBPUSD Spread | |
| 1.0 | Commission (.20 pts x trade value) |
| Oil Spread | |
| 0.04 | N/A |
| Stocks Spread | |
| 0.1% (Min Commission Applies) | From 0.003 per share, variable |
| Forex Trading | |
| Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k. | Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor. |
| Forex App | |
Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. |
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| GBPUSD Spread | |
| 1.0 | Commission (.20 pts x trade value) |
| EURUSD Spread | |
| 1.0 | Commission (.20 pts x trade value) |
| EURGBP Spread | |
| 1.0 | Commission (.20 pts x trade value) |
| Assets | |
| 80+ | 70+ |
| Cryptocurrency | |
| Crypto trading not offered | Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets. |
| Spread | |
| BTC 1.4%, ETH 2% | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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Forex.com vs |
Interactive Brokers vs |