Interactive Brokers vs Khwezi Trade

Interactive Brokers vs Khwezi Trade Comparison Table 2023
Interactive Brokers Review 2023 Khwezi Trade Review 2023
4.3

Interactive Brokers is #13 in our CFD broker rankings.

4
United States Flag Traders from US accepted
United States Flag Traders from US not 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.

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.

Bonus Offer
60% deposit welcome bonus
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." "Khwezi Trade is best for South African traders looking for low-deposit and high-leverage CFDs on forex and popular financial assets."
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
  • 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
  • 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
  • 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, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants Forex, CFDs, indices, commodities
Demo Account
Yes Yes
Minimum Deposit
$0 R500
Trading Platforms
  • AlgoTrader
  • OmniTrader
  • eSignal
  • TradingCentral
  • MT5
Payment Methods
Minimum Trade
$100 0.01 Lots
Regulator
SEC, FCA, IIROC, SFC 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
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS, Android and Windows Yes
Auto Trading
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
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
  • ZAR
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. 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
Commission (.20 pts x trade value) 16
Oil Spread
N/A 20
Stocks Spread
From 0.003 per share, variable 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. 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
Commission (.20 pts x trade value) 16
EURUSD Spread
Commission (.20 pts x trade value) 10
EURGBP Spread
Commission (.20 pts x trade value) 25
Assets
70+ 39
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. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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