Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Interactive Brokers vs KVB Kunlun .
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. Interactive Brokers is a better option with a 4.00 star rating over KVB Kunlun 's 3.00 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 Interactive Brokers and KVB Kunlun are regulated in a major hub. Both Interactive Brokers and KVB Kunlun are publicly traded companies. How many currency pairs are available to trade? Interactive Brokers boasts an offering of 85 different currency pairs compared to KVB Kunlun 's 30 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. KVB Kunlun offers Meta Trader 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. KVB Kunlun 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 KVB Kunlun has 51 available indicators, a difference of 70.
Overall, Interactive Brokers comes out on top with 4.50 stars over KVB Kunlun 's 2.50 stars. And, when it comes to individual category awards, neither Interactive Brokers nor KVB Kunlun were rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.