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Interactive Brokers vs Spreadex 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Interactive Brokers better than Spreadex? In our analysis of 23 international regulators across 62 of the best forex brokers, Interactive Brokers is considered low-risk, with an overall Trust Score of 99 out of 99. Spreadex is considered average-risk, with an overall Trust Score of 70 out of 99. Learn more about Trust Score.

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Overall RatingInteractive BrokersSpreadex
Overall Rating 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 3.5/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 99 70
Winner check_circle
Review Interactive Brokers Review
RegulationInteractive BrokersSpreadex
Trust Score 99 70
Year Founded 1977 1999
Publicly Traded (Listed) Yes No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 8 1
Tier-2 Licenses 1 0
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)Interactive BrokersSpreadex
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) Yes No
SFC Authorised (Hong Kong) Yes No
CBI Authorised (Ireland) Yes No
FSA Authorised (Japan) Yes No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) Yes No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) Yes No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)Interactive BrokersSpreadex
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No No
SEBI Authorised (India) Yes No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)Interactive BrokersSpreadex
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsInteractive BrokersSpreadex
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 8500 2000
Forex Pairs (Total) 90 52
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading No No
Cryptocurrency (Physical) Yes No
Cryptocurrency (CFD) No Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: 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 BrokersSpreadex
Average Spread EUR/USD - Standard 0.6 info N/A info
All-in Cost EUR/USD - Active 0.6 info N/A info
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes No
Execution: Market Maker No Yes
FundingInteractive BrokersSpreadex
Minimum Deposit $0 $0
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) No No
Visa/Mastercard (Credit/Debit) No Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsInteractive BrokersSpreadex
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading No No
MetaTrader 4 (MT4) No No
MetaTrader 5 (MT5) No No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsInteractive BrokersSpreadex
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 640
Charting - Indicators / Studies (Total) 128 55
Charting - Drawing Tools (Total) 85 10
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingInteractive BrokersSpreadex
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 97 N/A
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No No
Forex Calendar Yes Yes
ResearchInteractive BrokersSpreadex
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationInteractive BrokersSpreadex
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsInteractive BrokersSpreadex
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review Interactive Brokers Review
OverallInteractive BrokersSpreadex
Overall Rating 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 3.5/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 99 70
Winner check_circle
Review Interactive Brokers Review
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Interactive Brokers vs Spreadex Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Interactive Brokers vs Spreadex.

Does Interactive Brokers or Spreadex offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Interactive Brokers offers better pricing overall for traders.

Is Interactive Brokers or Spreadex safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Interactive Brokers holds 8 global Tier-1 licenses, while Spreadex holds 1. Interactive Brokers holds 1 global Tier-2 licenses, while Spreadex holds 0. In our analysis of 23 international regulators across 50 brokers, Interactive Brokers earned a higher Trust Score than Spreadex.

Which trading platform is better: Interactive Brokers or Spreadex?

To compare the trading platforms of both Interactive Brokers and Spreadex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Interactive Brokers provides traders 90 currency pairs (e.g., EUR/USD) compared to Spreadex's 52 available pairs. Forex pairs aside, Interactive Brokers offers traders access to 8500 CFDs while Spreadex has 2000 available CFDs, a difference of 6500.

Can I trust Interactive Brokers?

Interactive Brokers is publicly traded, does not operate a bank, and is authorised by nine tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Interactive Brokers is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Central Bank of Ireland (CBI), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), Monetary Authority of Singapore (MAS), and the Commodity Futures Trading Commission (CFTC).

Can I trust Spreadex?

Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Is Interactive Brokers good?

Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.

Is Spreadex good?

SpreadEx is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. SpreadEx still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.

Overall winner: Interactive Brokers

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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