After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Interactive Brokers vs KVB Kunlun .
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Interactive Brokers's score is 4.00 stars versus KVB Kunlun 's 3.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Interactive Brokers alongside KVB Kunlun are regulated in a major hub. Both Interactive Brokers and KVB Kunlun are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. KVB Kunlun trails Interactive Brokers by 85 total currency pairs (for example, EUR/USD), with Interactive Brokers offering 115 and KVB Kunlun offering 30.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. KVB Kunlun has Meta Trader, Interactive Brokers doesn't. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Interactive Brokers trails KVB Kunlun by 22 total charting tools, with KVB Kunlun offering 31 and Interactive Brokers offering 9. 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 takes the upper hand 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.