Interactive Brokers vs Fondex

Interactive Brokers vs Fondex Comparison Table 2024
Interactive Brokers Fondex
4.3

Interactive Brokers is #1 in our CFD broker rankings.

Fondex has closed.
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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.

Fondex is an award-winning forex and CFD broker with industry low trading costs.

76.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Customer Reviews
4
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. 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."
Pros
  • IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
  • The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
  • There's a vast library of free or paid third-party research subscriptions catering to all types of traders.; plus, you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
  • IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.
  • While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
  • With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.
  • Full range of investments
  • Multiple account currencies
  • Multiple payment methods
  • Low minimum deposit
  • Copy trading
  • Demo account
  • Regulated
Cons
  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
  • You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
  • No MT4 integration
Awards
  • Best cTrader Broker, 2020
  • Best Technology Corporate Leadership, 2019
  • Best FX Trading Platform, 2018
  • Best Trade Execution, 2018
  • Best Partner Program, 2017
  • Best Retail Platform, 2017
Instruments
Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Forex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$0 $0
Trading Platforms
  • Trader Workstation (TWS)
  • Desktop
  • GlobalTrader
  • Mobile
  • Client Portal
  • AlgoTrader
  • OmniTrader
  • eSignal
  • TradingCentral
  • cTrader
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
$100 0.01 Lots
Regulator
FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB FSA, CySEC
Margin Trading
Yes Yes
Margin Rate
1.55 - 2.59%
STP Account
Yes Yes
ECN Account
No Yes
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
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.

Android App Rating
4.6
iOS App Rating
3.4
Auto Trading
Capitalise.ai & TWS API Yes (cBots)
Copy Trading
No Yes
Copy Trading Platform
Fondex offers a top-rated copy trading solution where beginners can mirror the buy and sell positions of experienced investors.
Social Trading
No No
Trade Signals
Yes
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 $5
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • HUF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
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. Fondex offers leveraged CFDs on a wide range of popular financial markets.
Leverage
1:50 1:500
FTSE Spread
0.005% (£1 Min) 1.8
GBPUSD Spread
0.08-0.20 bps x trade value 0.8
Oil Spread
0.25-0.85 3.4
Stocks Spread
0.003 From 0.01
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. Fondex offers trading opportunities on 80 currency pairs, including majors.
GBPUSD Spread
0.08-0.20 bps x trade value 0.8
EURUSD Spread
0.08-0.20 bps x trade value 0.45
EURGBP Spread
0.08-0.20 bps x trade value 0.56
Assets
100+ 80+
Currency Indices
  • USD
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. Trade cryptocurrencies on the cTrader platform.
Spread
0.12%-0.18% From 0.5 pips
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • XRP
  • ETH
  • LTC
  • DSH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Fondex has closed.
76.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
More Comparisons
Interactive Brokers
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