Interactive Brokers
Spreadex
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Traders looking for broad market access and a professional trading environment
Best online broker
Recommended for Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options
USA
UK
Fees
Low trading and non-trading fees, free stock and ETF trading for US customers
Low trading and non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
23
3
Deposit type
Withdrawal type
Account opening
$0
$0
1-3 days
1-3 days
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: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Trading platform
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: 64% 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
Great
Mid-range
Customer service
Security
£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
1977
1999
USA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore
UK
For detailed information and hands-on experience, read our review of this broker.
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.
Interactive Brokers's service is slightly better than Spreadex's and a comparison of their fees shows that Interactive Brokers's fees are similar to Spreadex's.
Account opening takes somewhat more effort at Interactive Brokers compared to Spreadex, deposit and withdrawal processes are more complicated at Interactive Brokers, while customer service quality is somewhat lower than Spreadex's.
Our experts rated the trading platform of Interactive Brokers as somewhat worse than the platform of Spreadex, found that clients have access to much more markets and products with Interactive Brokers, while Spreadex provides less useful research and education.
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