Compare FP Markets Vs Interactive Brokers: Which is the Better Forex Broker in 2024?
FP Markets Vs Interactive Brokers, 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 FP Markets Vs Interactive Brokers, here is the direct comparison:
Compare | FP Markets | Interactive Brokers |
General Rating |
3.20/5 |
2.42/5 |
Score | ||
Trustpilot |
4.8/5 6190 users |
3.5/5 2640 users |
πΌ Regulation | ||
β Info | ||
β Established | 2005 | 1977 |
π² Min Deposit | $100 | $10000 |
β Max Leverage | 1:500 | 1:100 |
π’ Spread | Variable | Fixed |
πΈ Commissions | $3 | |
π‘ Min Position | 0.01 lot | 0.25 lot |
π³ Payment | Apple Pay, Crypto, Credit/debit cards, Dash, Dragonpay, Ethereum, FasaPay, Google Pay, Litecoin, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT), USD Coin (USDC), Wire transfer, Zcash and Perfect Money | Wire transfer, Check and BPAY |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese | German, Spanish, French, Italian, Japanese, Russian, Chinese |
πͺ Trade Now | Open FP Markets | Open Interactive Brokers |
Compare Again
Testimonials
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FP Markets: It's concerning me
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FP Markets: Impressive cost
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FP Markets: Very pleased!
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FP Markets: Total gem!
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FP Markets: Problem with withdrawal
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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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See More FP Markets Testimonials
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See More Interactive Brokers Testimonials
News
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FP Markets Awarded Best for Fees & Algorithmic Trading
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Unleash Your Earning Potential: Refer a Friend to FP Markets and Earn Up to $200!
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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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Level Up Your Trades: FP Markets Forex Broker Partners with TradingView
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Forex Broker FP Markets Expands to Africa with Kenya License
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FP Markets Crowns the Best Trading Tool in 2023 by FXScouts
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FP Markets Powers Cricket Brasil Youth with Impactful Sponsorship
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Interactive Brokers Continues Success, Surpassing 2.5 Million Clients
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Beginners Guide to FP Markets Signal Start
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FP Markets Vs Pepperstone Social Trading Comparison
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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, FP Markets provides their pricing with Variable spread while Interactive Brokers offers Fixed spread.
FP Markets vs Interactive Brokers: 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, FP Markets enables trading with MetaTrader 4, MetaTrader 5, TradingView, cTrader, Web. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Interactive Brokers provides trading with Web Trader (SerSart), FX-Trader, Trader Workstation with the support of One-click trading, Trailing stop, Pending orders.
Is FP Markets or Interactive Brokers 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, FP Markets supports trading with Forex, Indexes, Metals, Crypto, ETFs, Stocks, Commodities, Gold & Silver, Bonds, while Interactive Brokers presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Crypto.
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.
Looking for more references? Here are other comparisons related to FP Markets and Interactive Brokers:
- Compare FP Markets vs Admirals
- Compare FP Markets vs FXGT
- Compare FP Markets vs BDSwiss
- Compare Interactive Brokers vs AvaTrade
- Compare Interactive Brokers vs XM
- Compare Interactive Brokers vs InstaForex
For more comparisons, visit this page.