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 Forex.com (GAIN Capital) 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. Forex.com (GAIN Capital)'s score is 4.50 stars versus Interactive Brokers's 4.00 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. Forex.com (GAIN Capital) alongside Interactive Brokers are regulated in a major hub. Forex.com (GAIN Capital) alongside Interactive Brokers are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Interactive Brokers boasts an offering of 85 different currency pairs compared to Forex.com (GAIN Capital)'s 84 available pairs.
To round out our comparison of Forex.com (GAIN Capital) 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. Forex.com (GAIN Capital) 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. Interactive Brokers trails Forex.com (GAIN Capital) by 22 total charting tools, with Forex.com (GAIN Capital) offering 31 and Interactive Brokers offering 9. Forex.com (GAIN Capital) trails Interactive Brokers by 70 total different indicators (for example, moving averages), with Interactive Brokers offering 121 and Forex.com (GAIN Capital) offering 51.
Overall, both Forex.com (GAIN Capital) and Interactive Brokers hold a 4.50 star rating. And, when it comes to individual category awards, Forex.com (GAIN Capital) was rated Best in Class - Research and Best in Class - Investor Education in 2018, while Interactive Brokers was rated none of these.