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FOREX.com vs Interactive Brokers 2019

Is FOREX.com better than Interactive Brokers? After grading the best forex brokers on nearly 100 different variables, FOREX.com is better than Interactive Brokers. FOREX.com delivers an excellent trading experience for forex and CFDs traders across the globe. With competitive pricing, full-feature trading platforms, comprehensive market research, and a robust mobile app, FOREX.com caters to traders of all experience levels.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature FOREX.com Interactive Brokers
Overall 4 4
FOREX.com Review Interactive Brokers Review
69% of retail CFD accounts lose money 63.5% of retail CFD accounts lose money

Regulation

Feature FOREX.com Interactive Brokers
Trust Score 93 91
Year Founded
1999 1977
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
4 5
Tier-2 Licenses
0 0
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature FOREX.com Interactive Brokers
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
Yes Yes
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
Yes Yes
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No Yes
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes Yes

Investments

Feature FOREX.com Interactive Brokers
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
91 105
CFDs - Total Offered
4500 7400
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 4.5
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Cost

Feature FOREX.com Interactive Brokers
Average Spread EUR/USD - Standard
1 (as of Q3 19) N/A
All-in Cost EUR/USD - Active
0.7 (as of Q3 18) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4.5 4
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Funding

Feature FOREX.com Interactive Brokers
Minimum Initial Deposit
$50.00 $0
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
No No

Trading Platforms

Feature FOREX.com Interactive Brokers
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
Yes No
cTrader
No No

Trading Tools

Feature FOREX.com Interactive Brokers
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 494
Charting - Indicators / Studies (Total)
139 121
Charting - Drawing Tools (Total)
25 9
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4
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Mobile Trading

Feature FOREX.com Interactive Brokers
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
7 70
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes No
Mobile Trading 4 4
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Research

Feature FOREX.com Interactive Brokers
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
AutoChartist
Yes No
Trading Central (Recognia)
Yes Yes
Delkos Research
Yes No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 3.5
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Education

Feature FOREX.com Interactive Brokers
Has Education - Forex
Yes Yes
Has Education - CFDs
No Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
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Major Forex Pairs

Feature FOREX.com Interactive Brokers
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature FOREX.com Interactive Brokers
FOREX.com Review Interactive Brokers Review
Overall 4 4
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Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare FOREX.com vs Interactive Brokers.

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. FOREX.com is a better option with a 4.50 star rating over Interactive Brokers's 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. Both FOREX.com and Interactive Brokers are regulated in a major hub. FOREX.com alongside Interactive Brokers are publicly traded companies. How many currency pairs are available to trade? FOREX.com trails Interactive Brokers by 14 total currency pairs (for example, EUR/USD), with Interactive Brokers offering 105 and FOREX.com offering 91.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FOREX.com makes Meta Trader available to clients, while Interactive Brokers does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. FOREX.com boasts an offering of 25 charting tools compared to Interactive Brokers's 9 available charting tools. Interactive Brokers trails FOREX.com by 18 total different indicators (for example, moving averages), with FOREX.com offering 139 and Interactive Brokers offering 121.

FOREX.com Review
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.

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