Basic data of broker
Recommended for Traders looking for broad market access and a professional trading environment
Best online broker
Recommended for Forex traders who value a user-friendly platform and great research tools
Low trading and non-trading fees, free stock and ETF trading for US customers
Low CFD and forex trading fees, average non-trading fees
Stock and ETF fees
Deposit and withdrawal
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement
Proof of identity: ID / passport Proof of residency: bank statement / utility bill
Markets and products
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.
Disclaimer: 78.3% 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.
£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
£85,000 in the UK, €20,000 in the EU, CAD 1,000,000 in Canada, none in the US, Australia, Asia and other countries
USA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore
US, UK, Australia, Singapore, Canada, Malta, Japan, British Virgin Islands
For detailed information and hands-on experience, read our review of this broker.
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.
Interactive Brokers's service is slightly better than Oanda's and a comparison of their fees shows that Interactive Brokers's fees are slightly lower than Oanda's.
Account opening takes somewhat more effort at Interactive Brokers compared to Oanda, deposit and withdrawal processes are more complicated at Interactive Brokers, while customer service quality is somewhat lower than Oanda's.
Our experts rated the trading platform of Interactive Brokers as somewhat worse than the platform of Oanda, found that clients have access to much more markets and products with Interactive Brokers, while Oanda provides just about the same quality of research and education.
More alternatives to Interactive Brokers and Oanda