To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Interactive Brokers vs XTB.
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. Both Interactive Brokers and XTB are rated 4.00 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. Both Interactive Brokers and XTB are regulated in a major hub. Interactive Brokers and XTB are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Interactive Brokers offers its clients access to 115 different currency pairs while XTB has 49 available pairs, a difference of 66.
To round out our comparison of Interactive Brokers vs XTB, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. XTB makes Meta Trader available to clients, while Interactive Brokers does not. 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. XTB boasts an offering of 31 charting tools compared to Interactive Brokers's 9 available charting tools. XTB trails Interactive Brokers by 70 total different indicators (for example, moving averages), with Interactive Brokers offering 121 and XTB offering 51.
Overall, Interactive Brokers comes out on top with 4.50 stars over XTB's 4.00 stars. And, when it comes to individual category awards, XTB was rated Best in Class - Customer Service in 2018, while Interactive Brokers was rated none of these.