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Interactive Brokers vs Gemini

Interactive Brokers vs Gemini Comparison Table 2023
Interactive Brokers Review 2023 Gemini Review 2023
Review
4.3

Interactive Brokers is #1 in our CFD broker rankings.

Review
3.8

Gemini is #26 in our crypto broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

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.

Gemini is a crypto exchange offering 90+ cryptocurrencies, a native stablecoin and derivative trading via perpetual swaps. The two proprietary platforms will suit beginners and experienced traders, execution is fast with low slippage and fees are competitive.

Comment by Reviewer
"Serious traders seeking a regulated broker with unparalleled access to stock markets should look at IB. Their range of stocks can't be beaten." "Gemini is a great platform for traders looking for a straightforward way to trade crypto derivatives in a secure environment."
Pros
  • Gives retail traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries
  • Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40
  • You can trade from multiple account types, such as IRA, single registered, joint
  • Proprietary workstation comes with powerful tools and charting capabilities
  • Regulated by some of the world's most reputable bodies including in US
  • You have a reliable real-time market data feed, that rarely goes offline
  • Diverse payment options and account currencies
  • Commission reimbursement with Toggle AI
  • Low commissions and tight spreads
  • High security with 2FA a requirement for all crypto investors
  • The app has a high-end design and intuitive interface
  • There is a wealth of education, guides and tutorials suitable for both beginners and novice investors
  • Gemini has won various awards in recent years, including the 2019 Markets Choice Awards: Best Cryptocurrency Exchange
Cons
  • Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day
  • Platform and web interface are complex and difficult for beginners to pick up
  • Accessing products like CFDs is not straightforward compared to competitors
  • The TWS platform falls short in terms of technical charting
  • Mediocre customer support
  • Trading on margin is not supported
  • There is a 3.49% card deposit fee
  • Some of the top coins by market cap are not available to buy through Gemini
  • There is no practise profile or demo account for prospective traders
Awards
  • Best Cryptocurrency Exchange 2019 - Markets Choice Awards
Instruments
Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants Cryptos
Demo Account
Yes No
Minimum Deposit
$0 $0
Trading Platforms
  • AlgoTrader
  • OmniTrader
  • eSignal
  • TradingCentral
  • AlgoTrader
  • TradingView
Payment Methods
Minimum Trade
$100 0.00001 BTC
Regulator
SEC, FCA, IIROC, SFC NYDFS, MAS, FCA
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
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android and Windows iOS & Android
Copy Trading
No No
Social Trading
No No
VPS Hosting
No 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
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • HUF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
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. CFD trading not offered
Leverage
1:50
FTSE Spread
0.005% (£1 Min)
GBPUSD Spread
Commission (.20 pts x trade value)
Oil Spread
N/A
Stocks Spread
From 0.003 per share, variable
Forex Trading
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 trading not offered
GBPUSD Spread
Commission (.20 pts x trade value)
EURUSD Spread
Commission (.20 pts x trade value)
EURGBP Spread
Commission (.20 pts x trade value)
Assets
70+
Cryptocurrency
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. Gemini offers 90+ cryptocurrencies on its exchange, which is anchored by the native Gemini Dollar stablecoin. The powerful ActiveTrader platform is optimized for online trading, and the broker offer perpetual swap derivatives.
Spread
Variable Transaction fee from $0.99
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • ETH
  • XRP
  • ADA
  • DOGE
  • DOT
  • BCH
  • LTC
  • UNI
  • LINK
  • FIL
  • XLM
  • WBTC
  • EOS
  • SOL
  • AAV
  • XTZ
  • ATOM
  • MKR
  • DAI
  • COMP
  • ZEC
  • ENJ
  • GRT
  • SNX
  • BAT
  • MANA
  • YFI
  • UMA
  • ZRX
  • OMG
  • BNT
  • REN
  • CRV
  • 1INCH
  • LRC
  • KNC
  • STORJ
  • GNT
  • SKL
  • SAND
  • BAL
  • NMR
  • KEEP
  • OXT
  • LOOM
  • PAXG
  • BRD
  • CSP
  • TBTC
  • WNXM
  • FXC
  • AMP
  • WTON
  • LUNA
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Review
Review
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