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Online Brokerage Comparison Tool

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Written by ForexBrokers.com

November 08, 2022

The forex brokers comparison tool compares all forex broker ratings, features, and fees side by side. Filter your brokers and compare the most popular brokers and widely used tools, mobile apps, platforms, spreads, and more. To best support your experience, providers are displayed based on your geo location. Please note: Product offerings may vary depending on your country of residence.

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Overall RatingInteractive Brokers
Overall Rating5 Stars
Commissions & Fees5 Stars
Offering of Investments5 Stars
Platform & Tools5 Stars
Mobile Trading5 Stars
Research5 Stars
Education4.5 Stars
Trust Score99
Winnercheck_circle
ReviewInteractive Brokers Review
RegulationInteractive Brokers
Trust Score99
Year Founded1977
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses8
Tier-2 Licenses1
Tier-3 Licenses0
Authorised in European UnionYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)Interactive Brokers
ASIC Authorised (Australia)Yes
IIROC Authorised (Canada)Yes
SFC Authorised (Hong Kong)Yes
CBI Authorised (Ireland)Yes
FSA Authorised (Japan)Yes
MAS Authorised (Singapore)Yes
FINMA Authorised (Switzerland)Yes
FCA Authorised (U.K.)Yes
CFTC Registered (USA)Yes
FMA Authorised (New Zealand)No
Tier-2 Licenses (Average Trust)Interactive Brokers
CBRC Authorised (China)No
CySEC Authorised (Cyprus)No
SEBI Authorised (India)Yes
ISA Authorised (Israel)No
CBR Authorised (Russia)No
FSCA Authorised (South Africa)No
SEC Authorised (Thailand)No
DFSA / Central Bank Authorised (UAE)No
Tier-3 Licenses (Low Trust)Interactive Brokers
SCB Authorised (Bahamas)No
IFSC Authorised (Belize)No
CIMA Authorised (Cayman Islands)No
BMA Authorised (Bermuda)No
FSC Authorised (British Virgin Islands)No
FSC Authorised (Mauritius)No
VFSC Authorised (Vanuatu)No
InvestmentsInteractive Brokers
Forex Trading (Spot or CFDs)Yes
Tradeable Symbols (Total)8500
Forex Pairs (Total)90
U.S. Stock Trading (Non CFD)Yes
Int'l Stock Trading (Non CFD)Yes
Social Trading / Copy TradingNo
Cryptocurrency (Physical)Yes
Cryptocurrency (CFD)No
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostInteractive Brokers
Average Spread EUR/USD - Standard0.6 (Aug 2022)
All-in Cost EUR/USD - Active0.6 (Aug 2022)
Active Trader or VIP DiscountsYes
Execution: Agency BrokerYes
Execution: Market MakerNo
FundingInteractive Brokers
Minimum Initial Deposit$0
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)No
Bank Wire (Deposit/Withdraw)Yes
Trading PlatformsInteractive Brokers
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
Social Trading / Copy TradingNo
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
cTraderNo
DupliTradeNo
ZuluTradeNo
Trading ToolsInteractive Brokers
Virtual Trading (Demo)Yes
Alerts - Basic FieldsYes
Watchlists - Total Fields640
Charting - Indicators / Studies (Total)128
Charting - Drawing Tools (Total)85
Charting - Trade From ChartYes
Charts can be savedYes
Mobile TradingInteractive Brokers
Android AppYes
Apple iOS AppYes
Mobile Alerts - Basic FieldsYes
Mobile WatchlistYes
Watchlist SyncingYes
Mobile Charting - Indicators / Studies97
Mobile Charting - Draw TrendlinesYes
Mobile Charting - Multiple Time FramesYes
Mobile Charting - Drawings AutosaveNo
Forex CalendarYes
ResearchInteractive Brokers
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
AutochartistNo
Trading Central (Recognia)Yes
Social Sentiment - Currency PairsYes
Economic CalendarYes
EducationInteractive Brokers
Has Education - Forex or CFDsYes
Client WebinarsYes
Client Webinars (Archived)Yes
Videos - Beginner Trading VideosYes
Videos - Advanced Trading VideosYes
Investor Dictionary (Glossary)Yes
Major Forex PairsInteractive Brokers
GBP/USDYes
USD/JPYYes
EUR/USDYes
USD/CHFYes
USD/CADYes
NZD/USDYes
AUD/USDYes
ReviewInteractive Brokers Review
OverallInteractive Brokers
Overall Rating5 Stars
Commissions & Fees5 Stars
Offering of Investments5 Stars
Platform & Tools5 Stars
Mobile Trading5 Stars
Research5 Stars
Education4.5 Stars
Trust Score99
Winnercheck_circle
ReviewInteractive Brokers Review
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