Compare Interactive Brokers Vs FXOpen: Which is the Better Forex Broker in 2024?
Interactive Brokers Vs FXOpen, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. 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. To make it easier for you to decide which one is the best between Interactive Brokers Vs FXOpen, here is the direct comparison:
Feature | Interactive Brokers | FXOpen |
General Rating |
2.42/5 |
2.86/5 |
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Score | 66 | 73 | |
Trustpilot |
3.5/5 2644 users |
4.2/5 12 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 1977 | 2003 | |
💲 Min Deposit | $10000 | $1 | |
⚖ Max Leverage | 1:100 | 1:500 | |
🔢 Spread | Fixed | Variable | |
💸 Commissions | $1.50 | ||
💡 Min Position | 0.25 lot | 0.01 lot |
💳 Payment | Wire transfer, Check and BPAY | Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | German, Spanish, French, Italian, Japanese, Russian, Chinese | Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish |
🚪 Trade Now | Open Interactive Brokers | Open FXOpen |
Testimonials
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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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FXOpen: With them since 2018
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FXOpen: Good ECN Account
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FXOpen: Bad support
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FXOpen: FXOpen review
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FXOpen: Better than the rumour
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Interactive Brokers: I have worst CS moment here. They are a bit...
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See More Interactive Brokers Testimonials
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See More FXOpen Testimonials
News
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Interactive Brokers Forex Broker Sees 11% Jump in DARTs
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Interactive Brokers Rocks Q4: Strong Revenue Led by Options Surge
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FXOpen UK Forex Broker Reports 5.5% Revenue Increase
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Interactive Brokers Continues Success, Surpassing 2.5 Million Clients
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FXOpen Introducing New ETF CFDs, Opening Doors to American, Chinese, and Indian Markets
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Interactive Brokers Merging Europe and Ireland Office
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Interactive Brokers Trading Volume in August Remains Flat
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Automated EA and Indicator Script Now Available in FXOpen
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Interactive Brokers Reported Decline Revenue and High DART
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Interactive Brokers Adds European Stocks for Clients
Articles
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Your Guide to FXOpen Forex Contests in 2023
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FXOpen Vs Tickmill for Cryptocurrency Trading
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Is FXOpen PAMM Service Worth It?
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FXOpen ECN vs STP Account
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Your Definitive Guide to FXOpen ECN Account
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Guide to FXOpen Deposit and Withdrawal
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All You Need to Know about FXOpen Mobile App
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How to Open Account in FXOpen
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FXOpen Copy Trading: Perfect Chance to Get Passive Income
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Saxo Bank and Interactive Brokers: Which One is the Best?
Bonus
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- Comparison List
Which one has the better spread?
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. In this case, Interactive Brokers provides their pricing with Fixed spread while FXOpen offers Variable spread.
Interactive Brokers vs FXOpen: Who hosts the best trading platform?
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.
To support their clients, Interactive Brokers enables trading with Web Trader (SerSart), FX-Trader, Trader Workstation. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FXOpen provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, Web with the support of One-click trading, Trailing stop, Pending orders.
Is Interactive Brokers or FXOpen better in providing the trading instruments?
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 this case, Interactive Brokers supports trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Crypto, while FXOpen presents the ability of trading with Crypto, Etf, Commodities, Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Energies.
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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