Sheer Markets vs Interactive Brokers

Sheer Markets vs Interactive Brokers Comparison Table 2022
Sheer Markets Interactive Brokers
Sheer Markets is a Cypriot broker offering MT4 and MT5 trading in CFDs, forex and equities from across the world. 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.
United States Flag Traders from US not accepted
United States Flag Traders from US accepted
Bonus
None None
Instruments
Stocks, CFD, Forex, Crypto Stocks, Futures, E-minis, Options, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$200 $10000
Payment Methods
Mastercard, Neteller, Skrill, Visa, Wire Transfer ACH Transfer, Apple Pay, Cheque, Credit Card, Google Pay, JCB Card, Mastercard, Samsung Pay
Minimum Trade
0.01 lots $100
Regulator
CySEC SEC, FCA, IIROC, SFC
Margin Trading
Yes Yes
Margin Rate
1.55 - 2.59%
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
STP Account
No Yes
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
- -
Trade Signals
- -
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
No No
Copy Trading
No No
Islamic Account
No No
Account Currencies
USD, EUR USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF
CFD
Sheer Markets offers CFDs on European, UK and US equities, major global indices, commodities (including gold and oil) and cryptocurrencies.
Leverage
1:30 Retail, 1:100 Professional 1:50
FTSE Spread
Variable 0.005% (£1 Min)
GBPUSD Spread
Variable Commission (.20 pts x trade value)
Oil Spread
Variable N/A
Stocks Spread
Variable From 0.003 per share, variable
Forex
Sheer Markets supports trading in major, minor, exotic and emerging markets currency pairs.
GBPUSD Spread
Variable Commission (.20 pts x trade value)
EURUSD Spread
Variable Commission (.20 pts x trade value)
EURGBP Spread
Variable Commission (.20 pts x trade value)
Assets
90 70+
Cryptocurrency
Sheer Markets supports CFD trading in four major cryptocurrencies.
Spread
Variable
Coins
BTC, ETH, LTC, BCH BTC, LTC, ETH, XRP
Crypto Lending
No No
Crypto Mining
No No
Auto Market Maker
No No
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