Interactive Brokers vs nextmarkets compared

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

Interactive Brokers
nextmarkets
Interactive Brokers
4.9
nextmarkets
4.5
52.55% of retail CFD accounts lose money

Last update of dataJul 2022

Interactive Brokers

Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.

Recommended for traders looking for broad market access and a professional trading environment.

nextmarkets

nextmarkets is an online broker providing CFD and real stock, ETF trading. The company is regulated by the Maltese MFSA.

Recommended for traders and investors looking for low fees.

Interactive Brokers's service is slightly better than nextmarkets's and a comparison of their fees shows that Interactive Brokers's fees are similar to nextmarkets's.

Account opening takes more effort at Interactive Brokers compared to nextmarkets, deposit and withdrawal processes are more complicated at Interactive Brokers, while customer service quality is somewhat lower than nextmarkets's.

Our experts rated the trading platform of Interactive Brokers as somewhat worse than the platform of nextmarkets, found that clients have access to much more markets and products with Interactive Brokers, while nextmarkets provides somewhat lower-quality research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.9

Recommended for Traders looking for broad market access and a professional trading environment

Best online broker

Overall Score
4.5

Recommended for Traders and investors looking for low fees

Country of origin

USA

Country of origin

Germany

Fees

Fees score
4.5
Fees score
4.5
Fees summary

Low trading and non-trading fees, free stock and ETF trading for US customers

Fees summary

Low trading and non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
3.0
Deposit and withdrawal score
4.3
Number of base currencies

23

Number of base currencies

2

Deposit type

Withdrawal type

Account opening

Account opening score
3.2
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1-3 days

Time to open account

1 day

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement

Required documents

Proof of identity: passport / identity card Proof of address: Electricity, water or telephone bill, back of identity card (only if identity card was not used for proof of identity)

Trading platform

Web platform score
4.0
Web platform score
3.8
Mobile platform score
3.5
Mobile platform score
4.8
Desktop platform score
3.8
Desktop platform score
-

Markets and products

Markets and products score
5.0
Markets and products score
2.3
Stocks
Stocks
Fractional shares
*
*
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 60.0% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFD disclaimer

Disclaimer: 52.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
4.3
Research score
3.1
Charting quality

Great

Charting quality

Great

Education score
4.5
Education score
2.0
Demo account
Demo account

Customer service

Customer service score
3.4
Customer service score
4.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000 or $500,000 (but only $250,000 for cash) in the UK depending on the assets you hold; $500,000 ($250,000) in the US; €20,000 (IB Ireland & Luxembourg) or €100,000 (IB Central Europe) in the EU, CAD 1 million in Canada; HKD 500,000 in Hong Kong

Investor protection amount

€20,000 investor protection

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1977

Foundation date

2014

Country of regulation

USA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore

Country of regulation

Malta

Interactive Brokers

For detailed information and hands-on experience, read our review of this broker.

nextmarkets

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Brokers displayed might not be available in United States.

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