XTB vs Interactive Brokers: Which One is Better for You?


XTB 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 XTB vs Interactive Brokers, here is the direct comparison:

Feature
Go to XTB

Go to Interactive Brokers

Rating

General Rating 4.54/5
4.53/5
Trustpilot 4.2/5

rated by 373 users
2.7/5

rated by 1 users

General Information

Office(s) Austria, Belgium, Czech Republic, France, Germany, Greece, Hungary, Italy, Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Sweden, Turkey and United Kingdom Australia, Canada, Hong Kong, Hungary, United Kingdom and United States
Regulation CNMV (Spain) 40
Czech National Bank, 56720
FCA (UK), 522157
FSA (Poland), 0000217580
IFSC (Belize), IFSC/60/413/TS/19
ASIC 453554
Central Bank of Ireland, 23.12.2020
CFTC/NFA, 0258600
FCA (UK), 208159
Monetary Authority of Singapore, CMS100917
SEC (US), 8-47257
Established 2002 1977
Minimum Deposit $1 $10000
Maximum Leverage 1:30 1:100
Spread Variable Fixed
Commissions
Minimum Position 0.01 lot 0.25 lot
Payment Credit/debit cards, Neteller, PayPal, Skrill and Wire transfer BPAY, Check and Wire transfer
Official Website Visit XTB Visit Interactive Brokers

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Chinese, English, Italian, Spanish Chinese, French, German, Italian, Japanese, Russian, Spanish
Email Support
Call Support
Chat Support

Reviews

General Review Read XTB Review Read Interactive Brokers Review
User Reviews

Consumer

Aug 31 2020

I have problem with withdrawal process. They keep coming up with excuses that my ID is not good enough. They have had a copy of my bank statement, driving licence, passport and birth certificate.. That's totally weird.


Karan Bahtt

Aug 31 2020

Very good presentation as always and informative. Good, friendly and helpful bunch of people. Very professional and appreciate the help they have always given me. Keep up the good work. Best wishes.


Julia

Aug 30 2020

The customer support helped me through the account opening process and explained me the whole platform step by step. Very good and friendly support! Top products!


Hervis Reidl

Aug 30 2020

Sessions on trading classes should be longer to have more time for more questions and answers.


M Jamshaid

Aug 30 2020

Poor execution, very high slippage. Platform freezing is very common.


Raymond

Aug 29 2020

Interesting overview and how to approach trading.
It was interesting to listen to high profile traders.


Mark

Aug 28 2020

I'm quite new to this and some of it was quite advanced, so I can't really comment on that, but it had plenty if content for beginners that I found interesting and that will hopefully be useful.


Tammy

Aug 27 2020

Good broker and good service! I am trading in XTB already and satisfied with the service and the technology. Recommended!


Ray Greenwood

Aug 26 2020

Extremely efficient and professional. Dealt brilliantly with a problem I had. Highly recommended.


Frank

Aug 25 2020

Been around for a while and there isn't much to separate them apart from the people in my opinion and having traded with XTB, I think they have excellent people there that do go the extra mile. So that's the only reason i am happy to recommend them.


Diazawa

Aug 24 2020

This broker is playing agains the traders. There is known situation that XTB cancelled very profitable trade after even 2 days! A lot of people who are very disappointed of this broker.


Merayad

Aug 23 2020

Their customer service is fantastic offered in many local languages. Also their support help me out with crucial decisions about trading & guide me very well. The deposit & withdrawal period is also quite smooth. To sum it up, I have had an amazing experience & also have made huge profits through forex & commodities. Well done XTB!


Argawai

Aug 22 2020

This broker suddenly stopped accepting Clients from India, Nigeria, Bangladesh. Nifty CFD was being traded . All demo accounts disabled or stopped working from these countries. No justification from management.


Anonim Clients

Aug 21 2020

The worst, platform, manager and service provider in the world. Never go with them. All sweet talks to get the business.


Philip1981

Aug 20 2020

Traded with them since March as I like their platform. I’ve had two meetings with their analyst to help with my strategies. They also added me to their WhatsApp group a month ago for free. So happy to recommend them.


Mauritius

Aug 19 2020

This is an honest company. They are one of the most serious FX companies on the market right now in Romania, if not THE MOST. I used them for 3 years already and other than minor issues on a couple occasions on high volatility, I have nothing to say bad of them.


Darktrade

Aug 18 2020

I cannot complain about XTB. Their fees are very low (for ETFs at least), the platform is nice and I have no problem retreiving money.


Randy

Aug 17 2020

Almost every time, got stopped out and directly the security change direction. Happens too much to be coincidence.


Silk-gum01

Aug 16 2020

After reading reviews about this broker, it is alarming and I am concerned now. The withdrawals to VISA are instant when you make withdrawal request during certain time of the day but I have been waiting for 2 days and my account manager is not responding to my emails. I am very disappointed.


Roksa

Aug 15 2020

I like their platform, it’s easy to use and clear for me.
I also attended one of their trading classes in Canary Wharf. It was very informative, I had a good day and met lots of friends.
So far I like it so I’ll continue trading with them.


Mona Huang

Aug 14 2020

I have worst CS moment here. They are a bit unprofessional. Every time I called, they are always rude and rushing me. No patient, always asking me to figure out from their website.


De La Cruz

Aug 10 2020

While the platform is good. When you have a problem you can't get to speak to anyone. I have tried numerous times and you wait on hold for a long time more than 20 mins in any case and I have just abandoned the call without getting any resolution.


Regina

Aug 10 2020

The web site does not always connect you may have to log on a number of times to connect. The notifications such as messages do not come up when clicked on, this also usually takes several attempts.


Peterson

Aug 10 2020

The platform is absolutely solid and the folks at IB work continuously to improve it. The customer service, some years ago was mediocre, has improved markedly; and is very good at the present time. The cost to trade is very competitive.
I would recommend the platform.


Herzek

Aug 9 2020

Pros: Fast, Inexpensive
Cons: Terrible Scanner, Horrible Charts, Customer Services


Brianne Jeunh

Aug 8 2020

My application for an interactive brokers account took weeks to review. After those weeks, they sent me a message indicating that they were unhappy with my proof of address and wanted another one. I provided another one several weeks ago, but it's still not reviewed.


Martin James

Aug 7 2020

Support staffs sometimes provide wrong info. Mobile platform is many times laggy.


Kelly Faith

Aug 7 2020

I'm simply tired of fighting access to my account. Tired of trying to make recently added additional investment account available like my initial accounts. Tired of the ineffective phone support that can't do anything but talk with you about helping you fix your account.


Aloius33

Aug 6 2020

I’m really happy with interactive brokers it’s the most complete platform I have used people say it’s complicated for beginners but honestly it took me a couple minutes to set up all my charts and everything I need besides there’s no comisión being a platform that offers ibkr lite.


Kinsey

Aug 5 2020

Exceptionally difficult barriers to entry as a new customer. Customer service is not well trained in solving problems for new clients. Instructions for entry are not definitive and subject to different interpretation.


Rich GG

Jul 31 2020

Their low spreads and cheap commissions are features that I love the most. Good executions, they are geared towards professional traders. So not the best for people who are just starting out or trade little.


State traders

Jul 31 2020

Solid execution, numerous markets, low costs, good technology. It's not an easy platform to learn but as a platform for executing my trading strategies, this is a very good broker.


SJChi

Jul 30 2020

Their IB is either trading against you OR, allowing one of their large clients to. There seems to be either a delay in the data or a total disconnect with the time and sales data emanating from IB that is always to the disadvantage to my account. So you all better avoid this broker.


George

Jul 30 2020

Deposits are easy. But no withdrawals/wires. I followed their directions to a tee and they still refused/declined it.


John Christ

Jul 29 2020

They have so much hidden fees. Please avoid at all cost. Don't let their low commission trades full you, they will make it all up with hidden fees. My Roth IRA has been charged with crazy amount of fees. Trying them out was the worst thing I ever did.


Sierra Kehls

Jul 29 2020

They took my money, defrauded my account, failed to disclose all fees. Hopefully their company will be arrested for these frauds. I am experienced investor and have never been financially violated before.


Borsz

Jul 28 2020

Chaotic margin handling and extremely poor and bad customer service. Bay far the worst CS. Inexpert and bounder. Rarely receive specific answer to my questions.


ED Alabama

Jul 28 2020

If they had zero stars I would have given it to them. I've been trying to get my money back been over 10 days decided to call and they told me I needed a photo ID. I believe they required this when I set my account up. Had I not called I would never had known. Plain and simple they suck stay away.


Anthony Panayo

Jul 28 2020

Terrible to deal with. Website is next to useless. Can't access tax reports. Very unhelpful when ring them up. Once I was locked out and they wont reset my password.


em115

Jul 28 2020

I was not even notified that my account was closed. They sold my shares without my knowledge and closed my account. To me this is theft. If I was getting charged a fee you would at least think they would send you a statement. I received nothing from this company.


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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, XTB provides their pricing with Variable while Interactive Brokers offers Fixed.



XTB 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, XTB enables trading with MetaTrader 4, xStation. The offer is supported with Mobile trading, Pending orders. In comparison, Interactive Brokers provides trading with Web Trader (SerSart), FX-Trader, Trader Workstation with the support of Browser-based platform, One-click trading, Trailing stop, Pending orders.



Is XTB 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, XTB supports trading with Forex, Gold & silver, CFD, Oil, Indexes, Agriculture, Soft commodities, Metals, Energies, while Interactive Brokers presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Cryptocurrencies.

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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