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Forex.com (GAIN Capital) vs Interactive Brokers Review

Steven Hatzakis

Published by Steven Hatzakis


Wednesday, August 15th, 2018

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.
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Overall
Offering of Investments
Commissions & Fees
Platform & Tools
Customer Service
Research
Mobile Trading
Education
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
FCA Regulated (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Advantage
All-in Cost EUR/USD - Active
Average Spread EUR/USD - Standard
Active Trader or Premium/VIP
Advantage
Proprietary
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader4 (MT4)
MetaTrader5 (MT5)
cTrader
Currenex
ZuluTrade
MirrorTrader
Advantage
Virtual Trading (Demo)
Watchlists - Total Fields
Alerts - Basic Fields
Charting - Trade From Chart
Charts can be saved
Charting - Drawing Tools (Total)
Charting - Indicators / Studies (Total)
Charting - Drawings Autosave
Order Type - Trailing Stop
Advantage
Android App
Apple iOS App
Forex News
Alerts - Basic Fields
Alerts Delivery - Push Notifications
Watch List
Watch List Syncing
Charting - Technical Studies/Indicators
Charting - Draw Trend Lines
Advantage
Daily Market Commentary
Forex News (Top-Tier Sources)
AutoChartist
Trading Central (Recognia)
Delkos Research
Acuity Trading
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Economic Calendar
Calendar Includes Forecasts
Economic News Sentiment
Trade Ideas - Backtesting
Advantage
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
USDMXN (or MXNUSD)
USDNOK (or NOKUSD)
USDSEK (or SEKUSD)
USDTRY (or TRYUSD)
USDZAR (or ZARUSD)
USDDKK (or DKKUSD)
USDBRL (or BRLUSD)
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Overall
Advantage
Forex.com (GAIN Capital)
Forex.com (GAIN Capital) Review
 
4.5
5
4.5
4.5
4
4
4
4
 
92
1999
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
No
No
 
Yes
84
97
No
Yes
 
0.7
1.3
Yes
check_circle
 
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
check_circle
 
Yes
11
Yes
Yes
Yes
22
139
Yes
Yes
check_circle
 
Yes
Yes
Yes
Yes
No
No
No
26
Yes
 
Yes
Yes
No
No
Yes
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
 
$250.00
Yes
Yes
No
No
No
 
4.5
check_circle
Interactive Brokers
Interactive Brokers Review
 
4.5
5
4
4
4
4
4
4
 
91
1977
Yes
Yes
No
Yes
Yes
No
No
No
Yes
Yes
Yes
No
No
 
Yes
85
4217
No
Yes
check_circle
 
N/A
N/A
Yes
 
Yes
Yes
No
No
No
No
No
No
No
No
 
Yes
300
Yes
Yes
No
9
121
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
68
No
check_circle
 
No
Yes
No
Yes
No
No
No
No
Yes
Yes
No
Yes
Yes
Yes
No
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
No
Yes
No
No
 
$10,000
Yes
No
No
No
No
 
4.5

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All data was obtained from a published web site as of 4/03/2018 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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