Darwinex vs Interactive Brokers Review
Is Darwinex better than Interactive Brokers? After grading forex brokers on nearly 100 different variables, Interactive Brokers is better than Darwinex. Professional traders and highly experienced investors looking for a complete multi-asset broker will find Interactive Brokers offers a comprehensive platform with competitive fees across multiple global financial markets.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both Darwinex and Interactive Brokers hold a 4.00 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Darwinex alongside Interactive Brokers are regulated in a major hub. Interactive Brokers is a publicly traded company, while Darwinex is not. How many currency pairs are available to trade? Interactive Brokers boasts an offering of 115 different currency pairs compared to Darwinex's 39 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Darwinex has Meta Trader, Interactive Brokers doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Darwinex boasts an offering of 31 charting tools compared to Interactive Brokers's 9 available charting tools. Interactive Brokers offers its clients access to 121 different indicators (for example, volume) while Darwinex has 51 available indicators, a difference of 70.
Interactive Brokers Review
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.