For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. What about MetaTrader and copy trading? Copy trading is not offered by either broker. How many forex pairs and CFDs are available to trade? Can I trust Interactive Brokers?
Interactive Brokers is publicly traded, does not operate a bank, and is authorised by eight tier-1 regulators high trust , one tier-2 regulators average trust , and zero tier-3 regulators low trust. It offers a wide range of markets and provides an impressive suite of proprietary platforms — alongside limited access to MetaTrader. 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. Overall winner: Interactive Brokers. 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. The ForexBrokers. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.
These trademark holders are not affiliated with ForexBrokers. 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.
A Global Market Leader! Visit Site. Publicly Traded Listed. Authorised in the European Union. FSA Authorised Japan. CBI Authorised Ireland. SEC Authorised Thailand. FSC Authorised Mauritius. CFD Trading. Tradeable Symbols Total. Forex Pairs Total.
Cryptocurrency Physical. Cryptocurrency CFD. Execution: Agency Broker. Execution: Market Maker. Desktop Platform Windows. Web Platform. MetaTrader 4 MT4. MetaTrader 5 MT5. Alerts - Basic Fields. Watchlists - Total Fields. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it.
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data. However, traders can still choose their ideal brokers by the type of their spreads.
The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies. The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. It is widely known that forex brokers offer other trading instruments other than currency pairs.
The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios. In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one.
For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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NinjaTrader is another trading platform available through FXCM that provides access to forex, futures, and equities markets. The NinjaScript programming language can be used for the strategy builder and help you develop a trading system. As an alternative to the other trading platforms, NinjaTrader is ideal for scalpers and active traders who want to benefit from the array of analytical tools and customizable charts.
As both brokers offer different trading platforms, either would be suitable depending on your platform preference. Overall, as MetaTrader 4 is considered the most popular, the remaining trading platforms set the brokers apart. FXCM has a slightly more extensive choice of trading platforms with a little more variation than IC Markets, including some specialty trading platforms. While forex is only one type of derivative, it can be useful to trade other contracts for differences CFDs. As a risk management strategy, trading across asset classes provides a level of protection as some assets can work as a hedge against other unfavourable movements in other assets.
IC Markets have expanded their product range in recent times. They now offer bonds, futures and more cryptocurrency choices than they have in the past. In addition to 65 forex currency pairs, IC Markets offers:. These are like a kind of ETF where the best products by category are put together to help better manage risks.
You can also contact the broker through email, Skype, phone, or through the live chat feature on their website. By comparison, FXCM also offers efficient customer support being available through email, phone, live chat, SMS, and their trading desk line. Additionally, both brokers have a FAQ section to help with any additional queries. IC Markets Information Hub is a forex learning centre that is a portal to everything you need to know about:.
Additionally, IC Markets offers all-inclusive video tutorials series about the MetaTrader 4 platform for beginners to advanced levels. The third-party content from Trading Central offers exclusive trading ideas from professional analysts and experts. FXCM also offers a selection of educational resources but their trading guides for learning forex are very basic. Additionally, both brokers offer an economic calendar with all upcoming news events, plus FXCM offers a market scanner that can be used to find new trading opportunities based on your favourite technical parameters.
Both brokers provide a decent level of customer service and support. In terms of contacting the broker with queries, either broker is sufficient with live chats and global contact details. Both brokers off fee-free deposits when adding funds to your account.
IC Markets offers a wider range of funding options. To withdraw from an IC Markets account, you are required to use the same method as you use for the deposit. There are no withdrawal fees associated and the time is taken for your account to be withdrawn is typically:.
The options include:. Regulation under two Tier 1 and one Tier 3 entities indicate that the broker is safe and reliable in providing superior financial services. If you choose to trade a professional trader you will lose negative balance protection. Australia you will not have this protection. Both brokers offer top quality regulation. With the lowest spreads and reasonable commission charges, IC Markets is ideal for any type of trader from beginner to intermediate all the way to expert level.
Learn more this here. Our Rating. Review Of IC Markets. ASIC Australia. FCA UK. Raw Spread. Commissions USD Base. Minimum Deposit. Swap Free Account. No Inactivity Fees. Funding Methods. No Funding Fees. Currency Pairs. Index CFDs. Share CFDs. Commodities CFD. Retail Max Leverage Australia. Max Leverage Australia. Retail Max. Leverage The United Kingdom.
Leverage Europe. Leverage Canada. Leverage South Africa. Leverage With offshore regulators. MetaTrader 4 MT4. MetaTrader 5 MT5. Proprietary Platform. Automated Trading. Standard Stop Loss. Guaranteed Stop Loss. Demo Account. Unique Feature. Vantage FX. Admiral Markets. Hantec Markets. IFC Markets. Dukascopy Europe. Dukascopy Bank SA. Fort Financial Service. Interactive Brokers. FIBO Group. FP Markets. AAFX Trading.
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