Interactive Brokers vs Binary.com
| Interactive Brokers | Binary.com |
|---|---|
4.3
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4
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Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe. |
Binary.com are the established pioneers of binary options. They are a well-known broker offering 150+ derivative products across a range of popular markets. With over 2.5 million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms. |
| Customer Reviews | |
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4
Based on 2 Interactive Brokers customer reviews
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| Comment by Reviewer | |
| "Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry." | "Binary.com (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | CFDs, Forex, Stocks, Cryptos |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $5 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $100 | $1 |
| Regulator | |
| FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB | MGA, SC |
| Margin Trading | |
| Yes | No |
| Margin Rate | |
| 1.55 - 2.59% | |
| STP Account | |
| Yes | No |
| ECN Account | |
| No | No |
| DMA Account | |
| Yes | No |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | No |
| Robo Advisor | |
| Yes | No |
| Negative Balance Protection | |
| Yes | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| iOS & Android | iOS, Android |
| App Review | |
The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. |
Deriv GO, previously the Binary.com app, offers an easy-to-use interface and various trading instruments, including 24/7 trading in both standard and unique market-simulating indices. It stands out with its fast and reliable chat support, a rare find among competitor apps, providing essential help for new traders. |
| Android App Rating | |
4.5 |
4.5 |
| iOS App Rating | |
4.3 |
4.2 |
| Auto Trading | |
| Capitalise.ai & TWS API | Binary.com offer a self build robot feature to design, test and implement automated trading strategies |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| Yes | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned day traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. | Deriv's CFD offering includes 38 forex pairs, 58 stocks, seven indices, 31 crypto pairs and 16 indices, with variable leverage up to 1:30 and tight spreads. The broker also offers CFDs on four synthetic indices, which allow 24/7 trading on customisable levels of volatility, and they are not available elsewhere. |
| Leverage | |
| 1:50 | 1:1000 |
| FTSE Spread | |
| 0.005% (£1 Min) | 1 pt var |
| GBPUSD Spread | |
| 0.08-0.20 bps x trade value | 1 pip var |
| Oil Spread | |
| 0.25-0.85 | 3 pips var |
| Stocks Spread | |
| 0.003 | |
| Forex Trading | |
| IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. | Deriv traders can speculate on 38 major and minor pairs via CFDs on MT4 or 14 majors with the broker's 'multiplier' derivatives via the proprietary trading terminal. This is a decent range of currencies compared to many alternatives. |
| GBPUSD Spread | |
| 0.08-0.20 bps x trade value | 1 pip var |
| EURUSD Spread | |
| 0.08-0.20 bps x trade value | 0.5 pip var |
| EURGBP Spread | |
| 0.08-0.20 bps x trade value | 1 pip var |
| Assets | |
| 100+ | 45+ |
| Cryptocurrency | |
| IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. | Deriv's 31 crypto CFDs are traded in pairs with USD and leverage up to 1:2. Multipliers are available on the BTC/USD and ETH/USD pairs. We like that crypto traders also get access to the powerful MT5 platform. |
| Spread | |
| 0.12%-0.18% | BTC 2%, ETH 3% |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Binary options trading not offered | Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector. |
| Payout | |
| 91% | |
| Ladder Options | |
| No | Yes |
| Boundary Options | |
| No | Yes |
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| More Comparisons | |
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Interactive Brokers vs |
Binary.com vs |