Interactive Brokers vs OspreyFX
| Interactive Brokers | OspreyFX |
|---|---|
4.3
|
3
|
|
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. |
OspreyFX is an ECN broker headquartered in St. Vincent and the Grenadines. Established in 2019, the firm offers 120+ forex and CFD assets with high leverage up to 1:500, tight spreads from 0.1 pips and round-the-clock customer support. OspreyFX also stands out for its funded trading accounts where traders can keep up to 70% of profits. |
| Customer Reviews | |
|
4
Based on 2 Interactive Brokers customer reviews
|
|
| Bonus Offer | |
| 20% Discount [DayTrading.com Exclusive] | |
| 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." | "We recommend OspreyFX for day traders seeking a true ECN broker with high leverage, low spreads and ultra-fast execution speeds. The firm is also a good option for traders looking for funded accounts with a three-step process to secure funding and competitive profit splits." |
| Pros | |
|
|
| Cons | |
|
|
| Instruments | |
| Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Forex, Cryptos, Indices, Stocks, Commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $10 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Minimum Trade | |
| $100 | 0.01 Lots |
| Regulator | |
| FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB | |
| 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 | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| 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. |
The Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download. |
| Android App Rating | |
4.5 |
2.2 |
| iOS App Rating | |
4.3 |
|
| Auto Trading | |
| Capitalise.ai & TWS API | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| Yes | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
|
|
| 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. | OspreyFX offers leveraged CFDs on forex, commodities, stocks, cryptos and indices. Deep liquidity is available from 50+ providers with a competitive ECN account that will suit active day trading strategies, including scalping. |
| Leverage | |
| 1:50 | 1:500 |
| FTSE Spread | |
| 0.005% (£1 Min) | 0.5 pts |
| GBPUSD Spread | |
| 0.08-0.20 bps x trade value | 0.8 pips |
| Oil Spread | |
| 0.25-0.85 | 0.09 pips |
| Stocks Spread | |
| 0.003 | 0.4 pips |
| 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. | OspreyFX offers more than 50 major, minor and exotic currency pairs. Spreads start from just 0.1 pips on the EUR/USD and the broker provides a suite of forex trading education for beginners, including partnering with Forex Squad. |
| Forex App | |
The Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download. |
|
| GBPUSD Spread | |
| 0.08-0.20 bps x trade value | 0.8 pips |
| EURUSD Spread | |
| 0.08-0.20 bps x trade value | 0.5 pips |
| EURGBP Spread | |
| 0.08-0.20 bps x trade value | 0.8 pips |
| Assets | |
| 100+ | 57 |
| Currency Indices | |
|
|
| 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. | OspreyFX offers a decent selection of crypto coins paired with USD, including Bitcoin. 1:10 leverage is available with starting deposits from just $10 and support for Expert Advisors (EAs). |
| Spread | |
| 0.12%-0.18% | Variable |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
|
|
|
| More Comparisons | |
|
Interactive Brokers vs |
OspreyFX vs |