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IC Markets
Interactive BrokersShare
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Interactive Brokers 4.4 / 5 66% of retail FX and CFD accounts lose money. | ||
|---|---|---|
| Overall Rating | 4.2 | 4.4 |
| Safety & Regulation | 3.6 | 4.2 |
| Fees & Costs | 4.2 | 4.6 |
| Markets & Products | 3.9 | 4.9 |
| Platforms & Execution | 4.8 | 4.8 |
| Deposit & Withdrawal | 5.0 | 3.1 |
| Trading Tools | 4.6 | 4.8 |
| Education | 3.8 | 4.8 |
| Customer Service | 4.5 | 3.7 |
| Account Opening | 4.4 | 4.5 |
| Established | 2007 | 1977 |
| Headquarters | Level 4, 50 Carrington Street, Sydney, NSW 2000. | One Pickwick Plaza, Greenwich, CT 06830 USA |
| Broker Type | ECN / No Dealing Desk, CFD and forex broker | DMA |
| Regulation | ASICCySECFSA SeychellesSCBCMA Kenya | SECFINRACFTCNFAFCACBICIROASICMASSFC Hong KongDFSASEBIJFSA Best value for Regulation |
| Segregated Client Funds | Yes | Yes |
| Negative Balance Protection | Varies | Varies |
| Banking License | No | No |
| Publicly Traded | No | Yes |
| Languages | English, Spanish, French, German, Portuguese, Japanese, Italian, Greek, Mandarin, Chinese, Indonesian, Thai, Arabic, Vietnamese, Bahasa Indonesia Best value for Languages | English, Arabic, Dutch, French, German, Hebrew, Hungarian, Italian, Japanese, Portuguese, Russian, Spanish |
| Customer Support | Email, Telephone, Live Chat | Email, Phone, Live Chat |
| Customer Support Hours | 24/7 live chat, phone and email (Global and Kenya entities); 7-day support (EU entity) | 24/5, Monday to Friday |
| Demo Account | Yes | Yes |
| Swap-Free Account | Varies | No |
| Joint Account | No | Yes |
| Corporate Account | Yes | Yes |
| Managed Account | Yes | Yes |
| PAMM / MAM Trading | Yes | Yes |
| Social / Copy Trading | Yes Best value for Social / Copy Trading | No |
| Minimum Deposit | $0 | $0 |
| Maximum Leverage | 1:30 (ASIC and CySEC retail); up to 1:5000 (FSA Seychelles, MetaTrader, FX majors/minors, first 25 lots; tiers down to 1:500 above 100 lots; 1:500 cap during Higher Margin Requirement periods); 1:1000 (cTrader and TradingView) | Spot forex up to 1:40, 1:50 for US clients, 1:20 for Hong Kong. Forex CFDs 1:30 for UK, EU and Australian retail clients |
| Payment Methods | Bank Transfer, Credit/ Debit Card, Paypal, Neteller, Skrill, UnionPay, Bpay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, Cryptocurrency Best value for Payment Methods | Bank Transfer, Wise, Check |
| Account Currencies | AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF | AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, JPY, MXN, MYR, NOK, NZD, PLN, RON, SEK, SGD, TRY, USD, ZAR Best value for Account Currencies |
| Bonuses | No | No |
| Contests | No | No |
| Markets & Products | Forex, CFDs | Forex, CFDs, Stocks, ETFs, Crypto, Funds, Bonds, Options, Futures, Forecast Contracts Best value for Markets & Products |
| Currency Pairs | 61 Currency pairs, including major, minor, and exotic pairs. | 100+ FX Pairs. Major, Minor, and Exotic. |
| Minimum Lot Size | 0.01 Best value for Minimum Lot Size | 0.25 |
| Maximum Lot Size | 200 | 70 |
| Decimal Pricing | 5 decimals | 5 decimals |
| Order Types | Market, limit, stop, trailing stop, plus platform-specific types. | Market, Limit, Stop, Stop Limit, Trailing Stop, Bracket, OCO, GTC, IOC, FOK, and 90+ more |
| Execution Type | ECN / No Dealing Desk | Agency / SmartRouting, no dealing desk |
| Margin Call Level | 100% | None issued |
| Stop Out Level | 50% | Equity below maintenance margin |
| Hedging | Yes | Yes |
| Scalping | Yes | Yes |
| Spread Type | Variable | Variable |
| Spreads From | 0.0 pips (Raw accounts, 0.1 average on EUR/USD),
0.8 pips (Standard account, raw spread plus 0.8 pip markup) | 0.1 pips |
| Commission | Standard - $0 (cost is a 0.8 pip markup on the raw spread),
Raw Spread MT4/MT5 - $7.00 round turn ($3.50 per side, per lot; EUR 6.50 / GBP 5.50 round turn on those base currencies),
Raw Spread cTrader/TradingView - $3.00 per side per USD 100,000 traded, not per lot (about $7.83 round turn on 1 lot EUR/USD at 1.30),
Raw Pro - $3.00 round turn ($1.50 per side), $5,000 minimum deposit, early access,
Raw Pro+ - $2.00 round turn ($1.00 per side), $100,000 minimum deposit, early access | 0.08 to 0.20 bps per trade size with a minimum of $2 (or equivalent) |
| Overnight / Swap Fees | Yes | Yes |
| Deposit Fee | No Best value for Deposit Fee | Varies |
| Withdrawal Fee | Yes | Yes |
| Currency Conversion Fee | Yes | Yes |
| Account Maintenance Fee | No | No |
| Inactivity Fee | Yes | No Best value for Inactivity Fee |
| Custody Fee | No | No |
| Trading Platforms | IC Mobile App, WebTrader, TradingView, MT4, MT5, cTrader Best value for Trading Platforms | Web, Mobile, Desktop, TradingView |
| Mobile App | Yes | Yes |
| API Access | Varies | Yes Best value for API Access |
| VPS Hosting | Varies | No |
| Automated Trading | Yes | Yes |
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