Compare Interactive Brokers Vs FXTM: Which is the Better Forex Broker in 2023?
Interactive Brokers Vs FXTM, 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 FXTM, here is the direct comparison:
|❗Information||Testimonials (20), News (22), Articles (1)||Testimonials (36), News (12), Articles (1), Bonus (2), Promotions (3)|
|💲 Min Deposit||$10000||$10|
|⚖ Max Leverage||1:100||1:2000|
|💡 Min Position||0.25 lot||0.01 lot|
|💳 Payment||Wire transfer, Check and BPAY||WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Crypto and Google Pay|
|🧩 Demo Account|
|📁 Segregated Account|
|🕋 Islamic Account|
|👨💻 PAMM Account|
|📈 Managed Account|
|🇺🇸 US traders|
|🏆 Trading contests|
|⚡ Automated trading|
|💰 Bonus offers|
|📖 Free education|
|1️⃣ One-click trading|
|⏱ Trailing stop|
|⏳ Pending orders|
|Gold & Silver|
|🗣 Website Languages||German, Spanish, French, Italian, Japanese, Russian, Chinese||Arabic, Czech, English, Spanish, Persian, French, Hindi, Indonesian, Italian, Korean, Malay, Polish, Russian, Thai, Turkish, Urdu, Vietnamese, Chinese|
|🚪 Trade Now||Open Interactive Brokers||Open FXTM|
I have worst CS moment here. They are a bit...
While the platform is good. When you have a problem...
The web site does not always connect you may have...
The platform is absolutely solid and the folks at IB...
Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services...
Recover my fund without question
So far FXTM has always met my ideal trading conditions,...
One thing I like about FXTM is that they always...
I was having issues with withdrawals, but their customer support...
I don't understand why do they charged me overnight fees...
See More Interactive Brokers Testimonials
See More FXTM Testimonials
Interactive Brokers Trading Volume is Dropped
ASIC Suspends Interactive Brokers Stock Lending Products
Interactive Brokers Applies New Look on IBKR Campus Website
Interactive Brokers Offers Algo Trading in Taiwan
Illio Launches Consumer App on Interactive Brokers
Interactive Brokers Publishes Solid DART as Client Accounts Grow
Interactive Brokers Enhances IBKR Platform with More Features
Interactive Brokers Introduces Overnight Trading Hours for Clients
Interactive Brokers New Office in Ireland Officially Opens
See More Related Interactive Brokers News
See More Related FXTM News
- RoboForex vs Dukascopy
- Tickmill vs AvaTrade
- Axi vs BDSwiss
- LiteFinance vs FXOpen
- FXCM vs OANDA
- IC Markets vs ThinkMarkets
- Admirals vs Xtrade
- ActivTrades vs Pepperstone
- FBS vs XTB
- FXTM vs HYCM
- Interactive Brokers vs XM
- easyMarkets vs OctaFX
- HF Markets vs IG
- Exness vs FP Markets
- More Comparisson
- 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 FXTM offers Variable spread.
Interactive Brokers vs FXTM: 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, FXTM provides trading with MetaTrader 4 (Limited with 60 days), MetaTrader 5 (Limited with 30 days) with the support of One-click trading, Trailing stop, Pending orders.
Is Interactive Brokers or FXTM 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 FXTM presents the ability of trading with Forex, Gold & silver, CFD, Oil, Futures, 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 Interactive Brokers and FXTM:
- Compare Interactive Brokers vs Juno Markets
- Compare Interactive Brokers vs ThinkMarkets
- Compare Interactive Brokers vs Saxo Bank
- Compare FXTM vs Pepperstone
- Compare FXTM vs easyMarkets
- Compare FXTM vs HF Markets
For more comparisons, visit this page.