Interactive Brokers vs Spreadex 2025

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

Interactive Brokers, established in 1977, is a highly trusted online broker with a stellar Trust Score of 99 out of 99 according to ForexBrokers.com. This firm stands out for being publicly traded and holds an impressive number of 9 Tier-1 licenses, indicating a significant level of trust in its operations. Though not a bank, its position in the financial world is solidified by these licenses and its public trading status, offering a level of transparency and reliability that instills confidence in its clients.

In contrast, Spreadex, founded in 1999, has a Trust Score of 71, suggesting an average level of risk. Unlike Interactive Brokers, Spreadex is not publicly traded and holds only 1 Tier-1 license and no Tier-2 licenses, which could imply less regulatory oversight compared to its counterpart. Spreadex, like Interactive Brokers, is not a bank, but the difference in their regulatory standings may appeal to different types of investors based on their risk tolerance and trust preferences.

Feature	Interactive Brokers	Spreadex
Year Founded info	1977	1999
Publicly Traded (Listed) info	Yes	No
Bank info	No	No
Tier-1 Licenses info	9	1
Tier-2 Licenses info	2	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	0	0

Fees

Interactive Brokers earns 5 out of 5 stars for commissions and fees and is ranked #2 of 63 brokers by ForexBrokers.com. Spreadex earns 4 out of 5 stars and is ranked #28 of 63. In short, Interactive Brokers tends to deliver lower all-in costs for active or larger forex trades, while Spreadex’s pricing depends on how often its tighter spread is available.

Interactive Brokers uses a commission-plus-spread model. In Q3 2024, the average EUR/USD spread we observed was 0.19 pips, translating to about 0.59 pips all-in after commission. Commissions start at 0.00002 (0.2 bps) of the USD trade value per side with a $2 minimum per order ($4 round turn), roughly $16–$40 per million round turn. On a $100,000 EUR/USD trade, the commission works out to about 0.40 pips on top of the spread. Note that the $2 per-side minimum makes smaller-than-100k trades proportionally pricier. High-volume traders can qualify for lower minimums ($1.50 per order above $1 billion in monthly volume, and as low as $1 above $5 billion), and Interactive Brokers aggregates quotes from 17 major dealers with RFQ support for large orders.

Spreadex reported an average EUR/USD spread of 0.81 pips in January 2024, with a 0.6-pip minimum achieved 60% of the time. Compared with Interactive Brokers’ roughly 0.59-pip all-in cost during Q3 2024, Interactive Brokers often comes out cheaper on average, especially for standard or larger trade sizes and for very active traders who unlock volume discounts. When Spreadex hits its 0.6-pip minimum, its pricing can come close, but its typical average was higher over the period cited.

Feature	Interactive Brokers	Spreadex
Minimum Deposit info	$0	$0
Average spread (EUR/USD) - Standard account info	0.59 info	0.81 info
All-in Cost EUR/USD - Active info	0.65 info	N/A info
Non-wire bank transfer info	Yes	No
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	No	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

Interactive Brokers vs Spreadex: both let you trade forex as CFDs or spot contracts, but their catalogs differ. Spreadex advertises around 10,000 tradeable symbols, edging out Interactive Brokers at 8,500. When it comes to currency choice, Interactive Brokers lists 90 tradeable forex pairs compared with 52 at Spreadex, which may matter if you want broader FX coverage.

For exchange-traded securities (not CFDs), Interactive Brokers offers direct access to U.S. and international markets, so you can buy shares like Apple on NASDAQ or Vodafone in London; Spreadex does not offer direct share dealing. In crypto, Interactive Brokers supports both actual cryptocurrency and crypto CFDs, while Spreadex offers crypto CFDs only. Neither broker supports copy trading. Both earn 5 stars for Range of Investments, yet ForexBrokers.com ranks Interactive Brokers #1 of 63 and Spreadex #14. Pick Interactive Brokers if you want direct share ownership, more forex pairs, and the option to buy actual crypto; choose Spreadex if you want a very large CFD lineup.

Feature	Interactive Brokers	Spreadex
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	8500	10000
Forex Pairs (Total) info	90	52
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	No	No
Cryptocurrency (Underlying) info	Yes	No
Cryptocurrency (CFDs) info	Yes	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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

Interactive Brokers and Spreadex are online brokers that both offer proprietary trading platforms and free paper trading (virtual demo) accounts. Interactive Brokers provides a Windows desktop download, while Spreadex does not have a Windows desktop app. Both brokers offer web-based platforms you can use in a browser and both allow trading directly from charts. Neither supports copy trading, and neither offers MetaTrader 4 (MT4) or MetaTrader 5 (MT5).

In third-party testing by ForexBrokers.com, Interactive Brokers earns 5 stars and ranks #3 out of 63 brokers for Trading Platforms and Tools, while Spreadex receives 4 stars and ranks #47. If you want a desktop platform in addition to a web platform and a demo account, Interactive Brokers is the stronger choice; if you’re fine trading in the browser with a demo account and don’t need copy trading or MetaTrader, Spreadex fits the bill.

Feature	Interactive Brokers	Spreadex
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	Yes	Yes
Desktop Platform (Windows) info	Yes	No
Web Platform info	Yes	Yes
Copy Trading info	No	No
MetaTrader 4 (MT4) info	No	No
MetaTrader 5 (MT5) info	No	No
Charting - Indicators / Studies (Total) info	155	58
Charting - Trade From Chart info	Yes	Yes

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Forex trading apps

Interactive Brokers and Spreadex both offer iPhone and Android apps with price alerts and the ability to draw trendlines on charts. Interactive Brokers pulls ahead for charting depth, offering 97 technical studies in its mobile app, while Spreadex does not list the number of studies available. Only Interactive Brokers syncs watchlists between the mobile app and your online account; Spreadex does not. Neither app auto saves chart drawings.

When it comes to quality scores, Interactive Brokers earns 5 stars and ranks #4 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while Spreadex receives 4 stars and ranks #47. If you want advanced chart tools and synced watchlists, Interactive Brokers is the stronger pick. If you’re fine with a simpler setup that still covers alerts and basic charting on both iPhone and Android, Spreadex can do the job.

Feature	Interactive Brokers	Spreadex
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	97	N/A
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	No	No

Dive deeper: Best Forex Trading Apps.

Market research

Interactive Brokers and Spreadex both cover the essentials for market research: daily market commentary, top-tier forex news (Bloomberg/Reuters/Dow Jones class), an economic calendar, and sentiment tools that show the long/short mix. Where they differ is in third-party research. Interactive Brokers integrates Trading Central analytics, TipRanks stock research, and tools from Acuity Trading (Signal Centre). Spreadex, by contrast, plugs in Autochartist for pattern recognition and trading ideas but does not offer Trading Central, TipRanks, or Acuity Trading extras.

If you want the widest mix of research providers, Interactive Brokers comes out ahead. It earns 5 stars for Research and ranks #3 out of 63 brokers at ForexBrokers.com, while Spreadex scores 4 stars and ranks #32. Both platforms deliver timely news and actionable calendars; pick Interactive Brokers for a deeper toolkit, or choose Spreadex if Autochartist-driven chart signals are your priority.

Feature	Interactive Brokers	Spreadex
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	Yes
Trading Central info	Yes	No
Client sentiment data info	Yes	Yes
TipRanks info	Yes	No
Acuity Trading info	Yes	No
Economic Calendar info	Yes	Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners comparing Interactive Brokers and Spreadex on education, both brokers provide at least 10 beginner-friendly video lessons to help you learn trading basics. Interactive Brokers goes a step further with online client webinars held at least once a month, offering live guidance and Q&A opportunities. Spreadex does not run monthly educational webinars, so its learning path leans more on on-demand videos rather than live sessions.

If you plan to grow beyond the basics, Interactive Brokers also offers at least 10 advanced videos, while Spreadex does not meet that mark. This difference shows up in third‑party ratings: Interactive Brokers earns 5 stars for Education and ranks #3 out of 63 brokers on ForexBrokers.com, whereas Spreadex earns 4 stars and ranks #45 out of 63. In short, both can help you get started, but Interactive Brokers offers more ongoing and advanced learning options.

Feature	Interactive Brokers	Spreadex
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Interactive Brokers is better than Spreadex. Interactive Brokers finished with an overall rank of #2, while Spreadex finished with an overall rank of #39.

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.

Feature	Interactive Brokers	Spreadex
Overall Rating info
Trust Score info	99	71
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

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What funding options does each broker offer?

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Overall Rating	Interactive Brokers	Spreadex
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	99	71
Winner	check_circle
Review	Interactive Brokers Review	Spreadex Review

Broker Screenshots	Interactive Brokers	Spreadex
Broker Gallery (click to expand) info

Regulation	Interactive Brokers	Spreadex
Trust Score info	99	71
Year Founded info	1977	1999
Publicly Traded (Listed) info	Yes	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	No info
Tier-1 Licenses info	9	1
Tier-2 Licenses info	2	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	0	0

Tier-1 Licenses (Highly Trusted)	Interactive Brokers	Spreadex
Australia (ASIC Authorised) info	Yes	No
Canada (CIRO Authorised) info	Yes	No
Hong Kong (SFC Authorised) info	Yes	No
Japan (FSA Authorised) info	Yes	No
Singapore (MAS Authorised) info	Yes	No
Switzerland (FINMA Authorised) info	Yes
United Kingdom (U.K.) (FCA Authorised) info	Yes	Yes
USA (CFTC Authorized) info	Yes	No
New Zealand (FMA Authorised) info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	No info

Tier-2 Licenses (Trusted)	Interactive Brokers	Spreadex
Kenya (CMA Authorised) info
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	No	No
UAE (DFSA, FSRA, or SCA Authorised) info	Yes	No
India (SEBI Authorised) info	Yes	No
Jordan (JSC Authorised) info

Investments	Interactive Brokers	Spreadex
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	8500	10000
Forex Pairs (Total) info	90	52
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	No	No
Cryptocurrency (Underlying) info	Yes	No
Cryptocurrency (CFDs) info	Yes	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).

Cost	Interactive Brokers	Spreadex
Average spread (EUR/USD) - Standard account info	0.59 info	0.81 info
All-in Cost EUR/USD - Active info	0.65 info	N/A info
Inactivity Fee info	No	No
Order execution: Agency info	Yes	No
Order execution: Market Maker info	No	Yes

Funding	Interactive Brokers	Spreadex
Minimum Deposit info	$0	$0
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	No	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes
Non-wire bank transfer info	Yes	No

Trading Platforms	Interactive Brokers	Spreadex
Proprietary Desktop Trading Platform info	Yes	Yes
Desktop Platform (Windows) info	Yes	No
Web Platform info	Yes	Yes
Copy Trading info	No	No
MetaTrader 4 (MT4) info	No	No
MetaTrader 5 (MT5) info	No	No
cTrader info	No	No

Trading Tools	Interactive Brokers	Spreadex
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	155	58
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	Interactive Brokers	Spreadex
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	97	N/A
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	No	No
Mobile Research - Economic Calendar info	Yes	Yes

Research	Interactive Brokers	Spreadex
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	Yes
Trading Central info	Yes	No
TipRanks info	Yes	No
Client sentiment data info	Yes	Yes
Economic Calendar info	Yes	Yes

Education	Interactive Brokers	Spreadex
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	Interactive Brokers	Spreadex
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info	Yes	Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review	Interactive Brokers Review	Spreadex Review

Overall	Interactive Brokers	Spreadex
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	99	71
Winner	check_circle
Review	Interactive Brokers Review	Spreadex Review