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Interactive Brokers
Doesn't accept traders from Germany. See available CFD brokers
Not available in your countryRead Interactive Brokers review
Rating breakdown
- Regulation & trust4.5same as XM (4.5)
- Assets & markets4.70.2 higher than XM (4.5)
- Fees & costs4.30.3 higher than XM (4.0)
- Platforms & tools3.31.5 lower than XM (4.8)
- Accounts & banking3.51.0 lower than XM (4.5)
- Education4.30.5 lower than XM (4.8)
- Research4.40.1 higher than XM (4.3)
- Customer support3.01.9 lower than XM (4.9)
XM’s score. Numbers show the difference.
XM
#2 in our CFD broker rankings
Accepts traders from Germany
74.12% of retail accounts lose money.
Rating breakdown
- Regulation & trust4.5same as Interactive Brokers (4.5)
- Assets & markets4.50.2 lower than Interactive Brokers (4.7)
- Fees & costs4.00.3 lower than Interactive Brokers (4.3)
- Platforms & tools4.81.5 higher than Interactive Brokers (3.3)
- Accounts & banking4.51.0 higher than Interactive Brokers (3.5)
- Education4.80.5 higher than Interactive Brokers (4.3)
- Research4.30.1 lower than Interactive Brokers (4.4)
- Customer support4.91.9 higher than Interactive Brokers (3.0)
Interactive Brokers’s score. Numbers show the difference.
| Interactive Brokers | XM | |
|---|---|---|
| Overview | Interactive Brokers (IBKR) is a premier brokerage, providing access to over 170 markets across 40 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. | XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades. |
| Customer Reviews | Based on 4 customer reviews | Based on 53 customer reviews |
| Trustpilot Score | ||
| Promotions | – | |
| 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.” | “With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders.” |
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| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $5 |
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| Minimum Trade | $1 | 0.01 Lots |
| Regulator | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS | CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE |
| Margin Trading | Yes | Yes |
| Margin Rate | 5.5% - 6.13% (depending on account tier) | – |
| STP Account | Yes | Yes |
| ECN Account | No | No |
| DMA Account | Yes | No |
| MAM Account | Yes | No |
| PAMM Account | No | No |
| LAMM Account | No | No |
| Demat Account | Yes | No |
| AI / Machine Learning | Yes | Yes |
| Robo Advisor | Yes | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | iOS & Android | iOS, Android & Windows |
| 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. | XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1,400+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand. |
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| Auto Trading | TWS API | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | No | Yes |
| Copy Trading Platform | – | XM offers copy trading through its intuitive app with exclusive crypto pairs. XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account. |
| Social Trading | No | Yes |
| Trade Signals | – | Yes |
| VPS Hosting | No | Yes |
| Tournaments | No | Yes |
| Demo Competitions | No | Yes |
| Ethical Investing | Yes | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $5 |
| Islamic Account | No | Yes |
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| CFD Trading | ||
| Overview | 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. | XM delivers for CFD traders with flexible leverage and a huge range of markets, including bespoke thematic indices for exposure to popular sectors like artificial intelligence. The MT4/MT5 platforms are also fast and dependable while a free VPS is available to qualifying XM traders running algo trading strategies. |
| Leverage | 1:30 | 1:30 |
| FTSE Spread | 0.005% (£1 Min) | 1.4 |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 0.8 |
| Oil Spread | 0.25-0.85 | 0.03 |
| Stocks Spread | 0.003 | 1.79 (Apple) |
| Forex Trading | ||
| Overview | 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 over 100 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. | XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.6 pips on the EUR/USD in the commission-free account. |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 0.8 |
| EURUSD Spread | 0.08-0.20 bps x trade value | 0.8 |
| EURGBP Spread | 0.08-0.20 bps x trade value | 1.5 |
| Assets | 100+ | 55+ |
| Currency Indices | – |
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| Cryptocurrency | ||
| Overview | 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% | Variable |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
Not available in your countryRead Interactive Brokers review