To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Admiral Markets vs Interactive Brokers.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Interactive Brokers's score is 4.00 stars versus Admiral Markets's 3.50 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Admiral Markets alongside Interactive Brokers are regulated in a major hub. Interactive Brokers is a publicly traded company, Admiral Markets isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Interactive Brokers offers its clients access to 85 different currency pairs while Admiral Markets has 55 available pairs, a difference of 30.
To round out our comparison of Admiral Markets vs Interactive Brokers, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Admiral Markets makes Meta Trader available to clients, while Interactive Brokers does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Admiral Markets offers its clients access to 31 charting tools while Interactive Brokers has 9 charting tools, a difference of 22. Interactive Brokers offers its clients access to 121 different indicators (for example, volume) while Admiral Markets has 51 available indicators, a difference of 70.
Overall, Interactive Brokers takes the upper hand with 4.50 stars over Admiral Markets's 4.00 stars. And, when it comes to individual category awards, Admiral Markets posted awards Best in Class - Investor Education in 2018, while Interactive Brokers found itself with none of these.