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WorldWideMarkets vs Interactive Brokers 2019

ForexBrokers.com

Is Interactive Brokers better than WorldWideMarkets? After scoring forex brokers on nearly 100 different variables, Interactive Brokers is better than WorldWideMarkets. Professional traders and highly experienced investors looking for a complete multi-asset broker will find Interactive Brokers offers a comprehensive platform with competitive fees across multiple global financial markets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature WorldWideMarkets Interactive Brokers
Overall 2.5 4
WorldWideMarkets Review Interactive Brokers Review
74-89% of retail CFD accounts lose money 63.5% of retail CFD accounts lose money

Regulation

Feature WorldWideMarkets Interactive Brokers
Trust Score 47 91
Year Founded
2011 1977
Publicly Traded (Listed)
No Yes
Bank
No No
Tier-1 Licenses
0 5
Tier-2 Licenses
0 0
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature WorldWideMarkets Interactive Brokers
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
No Yes
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No Yes
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No Yes

Tier-2 Licenses

Feature WorldWideMarkets Interactive Brokers
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature WorldWideMarkets Interactive Brokers
FSC Authorised (British Virgin Islands)
Yes No
FSC Authorised (Mauritius)
No No
Offshore Authorised
No No

Investments

Feature WorldWideMarkets Interactive Brokers
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
20 115
CFDs - Total Offered
15 6100
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 2.5 4.5
Winner check_circle

Cost

Feature WorldWideMarkets Interactive Brokers
Average Spread EUR/USD - Standard
3 N/A
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
No Yes
Commissions & Fees 3 4
Winner check_circle

Funding

Feature WorldWideMarkets Interactive Brokers
Minimum Initial Deposit
$20.00 $0
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes No

Trading Platforms

Feature WorldWideMarkets Interactive Brokers
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes No
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature WorldWideMarkets Interactive Brokers
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
n/a 300
Charting - Indicators / Studies (Total)
78 121
Charting - Drawing Tools (Total)
37 9
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 2.5 4
Winner check_circle

Mobile Trading

Feature WorldWideMarkets Interactive Brokers
Android App
No Yes
Apple iOS App
No Yes
Trading - Forex
No Yes
Trading - CFDs
No Yes
Alerts - Basic Fields
No Yes
Watch List
No Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
30 68
Charting - Draw Trend Lines
No No
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
No Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No No
Mobile Trading 3 4
Winner check_circle

Research

Feature WorldWideMarkets Interactive Brokers
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Trading / Copy-Trading
Yes No
Social Sentiment - Currency Pairs
No No
Economic Calendar
Yes Yes
Research 2 3.5
Winner check_circle

Education

Feature WorldWideMarkets Interactive Brokers
Has Education - Forex
Yes Yes
Has Education - CFDs
No Yes
Client Webinars
No Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
Yes Yes
Education 2 4
Winner check_circle

Major Forex Pairs

Feature WorldWideMarkets Interactive Brokers
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
USDCNH (or CNHUSD)
No Yes
USDSGD (or SGDUSD)
No Yes

Overall

Feature WorldWideMarkets Interactive Brokers
WorldWideMarkets Review Interactive Brokers Review
Overall 2.5 4
Winner check_circle
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare Interactive Brokers vs WorldWideMarkets.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Interactive Brokers received a rating of 4.00 stars over WorldWideMarkets's 3.00 stars.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Interactive Brokers alongside WorldWideMarkets are regulated in a major hub. Interactive Brokers is a publicly traded company, while WorldWideMarkets is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Interactive Brokers boasts an offering of 115 different currency pairs compared to WorldWideMarkets's 20 available pairs.

To round out our comparison of Interactive Brokers vs WorldWideMarkets, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. WorldWideMarkets has Meta Trader, Interactive Brokers doesn't. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. WorldWideMarkets boasts an offering of 37 charting tools compared to Interactive Brokers's 9 available charting tools. WorldWideMarkets trails Interactive Brokers by 43 total different indicators (for example, moving averages), with Interactive Brokers offering 121 and WorldWideMarkets offering 78.

Interactive Brokers Review
WorldWideMarkets Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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