Interactive Brokers vs Khwezi Trade

Interactive Brokers vs Khwezi Trade Comparison Table 2024
Interactive Brokers Khwezi Trade
4.3
4

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
4
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
  • 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.
  • The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.
  • 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.
  • CFD trading with up to 1:400 leverage
  • Supports the popular MT5 platform
  • Decent range of 40 forex pairs including majors
  • Account balance in South African Rand will suit local traders
  • Free technical analysis tools
  • Generous welcome bonuses
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.
  • Limited asset list with no company shares
  • Weak selection of extra educational content
  • Poor website with little information on trading terms
Awards
  • Best FX Broker Africa 2020 & 2021 - Trade Forex
  • Best Broker South Africa 2019 & 2020 - Global Brands Magazine
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
  • Trader Workstation (TWS)
  • IBKR Desktop
  • GlobalTrader
  • Mobile
  • Client Portal
  • AlgoTrader
  • OmniTrader
  • eSignal
  • TradingCentral
  • MT5
Payment Methods
Minimum Trade
$100 0.01 Lots
Regulator
FCA, SEC, FINRA, 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.

Android App Rating
4.5
iOS App Rating
4.3
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
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • AED
  • HUF
  • ZAR
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
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Interactive Brokers
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Khwezi Trade
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