Compare Freetrade vs Interactive Brokers


Online brokers compared for fees, trading platforms, safety and more. See how Freetrade stacks up against Interactive Brokers!

Freetrade vs Interactive Brokers
overall rating
4.4
4.9
overall pros
  • Free stock and ETF trading
  • Easy and fast account opening
  • Great mobile trading platform
  • Low trading fees
  • Wide range of products
  • Many great research tools
overall cons
  • Basic product portfolio
  • Limited research tools
  • Debit card only for deposits
  • Complicated account opening process
  • Complex desktop trading platform
  • High forex fees
fees
5.0
  • Low trading fees
  • Low non-trading fees
  • Free stock and ETF trading
4.1
  • Low trading fees
  • Free stock and ETF trading for US clients
  • Low margin rates
  • Inactivity fee
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
3.4
  • Fully digital
  • No minimum deposit for most account types
  • Not user-friendly
  • Confusing messages throughout the process
deposit and withdrawal
4.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • Debit card available only for deposits
3.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.7
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • Limited order types
  • No price alerts
3.8
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
1.6
  • Stock
  • ETF
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
research
0.0
  • Limited interactive charting
  • No trading ideas
  • No fundamental data available
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
3.8
  • Live chat
  • Fast response time
  • Relevant answers
  • No phone support
  • No 24/7 support
3.4
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • Slow support
education
3.0
  • Invest HUB blog
  • Educational content in a newsletter
  • No educational videos
  • No webinars
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
recommended for Long-term investors on the hunt for low fees and focusing on the UK and US markets Traders looking for low fees and a professional trading environment
×