Interactive Brokers vs SimpleFX

Interactive Brokers vs SimpleFX Comparison Table 2022
Interactive Brokers SimpleFX
IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only. SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
Bonus
None 50% spread cashback
Instruments
Stocks, Futures, E-minis, Options, CFD, Forex, Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$10000 $0
Payment Methods
ACH Transfer, Apple Pay, Cheque, Credit Card, Google Pay, JCB Card, Mastercard, Samsung Pay Bitcoin Payments, FasaPay, Neteller, Skrill
Minimum Trade
$100 0.01 lots
Regulator
SEC, FCA, IIROC, SFC None
Margin Trading
Yes No
Margin Rate
1.55 - 2.59%
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
STP Account
Yes No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No -
AI / Machine Learning
Yes -
Robo Advisor
No -
Negative Balance Protection
No -
Market Maker
No -
P2P Trading
No -
Spot Trading
Yes No
Mobile Apps
iOS, Android and Windows Yes
Auto Trading
- Yes
Trade Signals
- Yes
VPS Hosting
No -
Tournaments
No -
Demo Competitions
No -
Ethical Investing
No -
Social Trading
No Yes
Copy Trading
No No
Islamic Account
No No
Account Currencies
USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF -
CFD
Leveraged CFD products are available in multiple financial markets.
Leverage
1:50 1:500
FTSE Spread
0.005% (£1 Min) 1.3
GBPUSD Spread
Commission (.20 pts x trade value) 1.2
Oil Spread
N/A 0.03
Stocks Spread
From 0.003 per share, variable Variable
Forex
Trade currency pairs with tight spreads and 1:500 leverage.
GBPUSD Spread
Commission (.20 pts x trade value) 1.2
EURUSD Spread
Commission (.20 pts x trade value) 0.9
EURGBP Spread
Commission (.20 pts x trade value) 0.9
Assets
70+ 60
Cryptocurrency
Trade crypto and US Dollar CFDs.
Spread
From 0.0001
Coins
BTC, LTC, ETH, XRP BTC, BHC, LTC, ETH, ETC, XRP, LNK
Crypto Lending
No -
Crypto Mining
No -
Auto Market Maker
No -
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