Interactive Brokers vs Khwezi Trade
| Interactive Brokers | Khwezi Trade |
|---|---|
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. |
Khwezi Trade is a South African, FCSA-regulated brokerage that offers CFD trading with up to 1:400 leverage through the MT5 platform. The broker's asset list is not extensive, but does include a decent range of forex pairs and some stock indices. The free demo account and low minimum deposit make it easy and risk-free to try out. The broker also offers good welcome and other bonuses for traders who sign up. |
| Customer Reviews | |
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4
Based on 2 Interactive Brokers customer reviews
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| Bonus Offer | |
| 60% deposit welcome bonus | |
| 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." | "Khwezi Trade is best for South African traders looking for low-deposit and high-leverage CFDs on forex and popular financial assets." |
| 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 | Forex, CFDs, indices, commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | R500 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $100 | 0.01 Lots |
| Regulator | |
| FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB | FSCA |
| Margin Trading | |
| Yes | Yes |
| 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 | Yes |
| Mobile Apps | |
| iOS & Android | Yes |
| 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. |
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| Android App Rating | |
4.5 |
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| iOS App Rating | |
4.3 |
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| Auto Trading | |
| Capitalise.ai & TWS API | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes - Flexi Analysis and Dynamic Outcomes | |
| 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. | Khwezi Trade offers CFDs on 40 currencies as well as a few commodities and 11 stock indices. Commodities include gold, silver and crude oil, and the stock indices include the popular Dow Jones. These are traded using the powerful MT5 platform with high leverage, no commission and variable spreads. |
| Leverage | |
| 1:50 | 1:400 |
| FTSE Spread | |
| 0.005% (£1 Min) | 200 |
| GBPUSD Spread | |
| 0.08-0.20 bps x trade value | 16 |
| Oil Spread | |
| 0.25-0.85 | 20 |
| Stocks Spread | |
| 0.003 | Variable |
| 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. | Khwezi Trade offers 40 forex pairs, traded through CFDs with up to 1:400 leverage, no commission and fees charged through the spread. Spreads start from 0.4, but these vary by asset and are subject to change with market conditions. |
| GBPUSD Spread | |
| 0.08-0.20 bps x trade value | 16 |
| EURUSD Spread | |
| 0.08-0.20 bps x trade value | 10 |
| EURGBP Spread | |
| 0.08-0.20 bps x trade value | 25 |
| Assets | |
| 100+ | 39 |
| 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. | Crypto trading not offered |
| Spread | |
| 0.12%-0.18% | |
| 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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Interactive Brokers vs |
Khwezi Trade vs |