FXChoice vs Interactive Brokers

FXChoice vs Interactive Brokers Comparison Table 2023
FXChoice	Interactive Brokers
Review 4.3	Review 4.3 Interactive Brokers is #12 in our CFD broker rankings.
Traders from US not accepted	Traders from US accepted
FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up.	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 Offer
50% or 65% Welcome Deposit Bonus
Comment by Reviewer
"We recommend FXChoice for active traders with high leverage up to 1:1000, spreads from 0.0 pips and a five-tier loyalty program with fee rebates."
Pros
Tight spreads starting from 0.0 pips Bitcoin deposits and withdrawals GPS robot 100k EA download Hedging and scalping allowed MT4 and MT5 downloads Commission-free trading FIFO rule not applicable Cryptocurrency trading Social trading solution Pips+ loyalty scheme VPS available
Cons
Limited selection of commodities Weak regulatory oversight
Awards
Exceptional Customer Service 2019 - 2021 - LiveHelpNow
Instruments
CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares	Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants
Demo Account
Yes	Yes
Minimum Deposit
$100	$10000
Payment Methods
ADVcash Airtm AstroPay Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay Mastercard Neteller PayRedeem Paysafecard Perfect Money POLi Skrill Sticpay Visa	ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer
Minimum Trade
0.01 lots	$100
Regulator
FSC	SEC, FCA, IIROC, SFC
Margin Trading
Yes	Yes
Margin Rate
	1.55 - 2.59%
MetaTrader 4
Yes	No
MetaTrader 5
Yes	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
Yes	No
DMA Account
No	Yes
MAM Account
Yes	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS, Android and Windows
Auto Trading
Yes (EAs)
Copy Trading
Yes	No
Copy Trading Platform
FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions.
Social Trading
Yes	No
Trade Signals
Yes - MQL5
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
	0
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD	USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF HUF
Stock Exchanges
Euronext FTSE UK Index Japan Exchange Group Nasdaq New York Stock Exchange S&P 500	Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Gold Oil Silver	Aluminium Gold Lead Natural Gas Precious Metals Soybeans Zinc
CFD Trading
FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center.
Leverage
1:200	1:50
FTSE Spread
From $18.53	0.005% (£1 Min)
GBPUSD Spread
From $8	Commission (.20 pts x trade value)
Oil Spread
From $40	N/A
Stocks Spread
Variable	From 0.003 per share, variable
Forex Trading
Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit.
Forex App
MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.
GBPUSD Spread
From $8	Commission (.20 pts x trade value)
EURUSD Spread
From $5	Commission (.20 pts x trade value)
EURGBP Spread
From $6.95	Commission (.20 pts x trade value)
Assets
36	70+
Cryptocurrency
FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15.
Spread
0.11 - 3.0 pips
Coins
BTC LTC ETH	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
Yes	No

Review	Review
More Comparisons
FXChoice vs	Interactive Brokers vs