Interactive Brokers vs AB Forex, Who's The Best?
Read our In-Depth Interactive Brokers vs AB Forex Review - 2024 Update
Our Interactive Brokers vs AB Forex review has been revised for 2024 from seasoned professionals with significant financial experience across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Interactive Brokers vs AB Forex does not apply to all countries as follows:
Interactive Brokers Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
AB Forex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Interactive Brokers vs AB Forex
Each online trading platforms will have some pros and cons, so any comprehensive Interactive Brokers and AB Forex review would not be complete without embracing a fair assessment.
Compare AB Forex and Interactive Brokers to get a better understanding of the way these platforms stack up to each prior to you decide to create an account. Conducting a comprehensive comparison helps to put things into perspective to ensure that you remain aware of what to expect.
So you are looking for a broker and are choosing between Interactive Brokers or AB Forex. Who is better in 2024?
This Interactive Brokers vs AB Forex comparison contains the most recent information so you can easily compare AB Forex against Interactive Brokers.
If you are a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You'll acquire adept at all the concepts of brokerage since you continue trading. For starters, you have to select the right agent who will be clear with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. Interactive Brokers and AB Forex are two such stages that will take you along with your investment into great heights. It is important to compare Interactive Brokers vs AB Forex before you trust them with your cash.
Our Interactive Brokers vs AB Forex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Interactive Brokers and AB Forex side by side.
Our full Interactive Brokers vs AB Forex Review covers everything you will need to know about trading using either Interactive Brokers or AB Forex. A good agent can multiply your initial investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire method to ensure profits; therefore, you must carefully analyze your agent before you select them. It is a frequent misconception that all agents are the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
Interactive Brokers and AB Forex are both brokers which have paved their way successfully into the broker world. Within this review, we've tried to collate a number of the vital facets of both Interactive Brokers and AB Forex. This review will help you to understand whether either AB Forex or Interactive Brokers is a good fit for your investments or not. We have tried to breakdown all of the features and charges for your advantage.
Benefits of Interactive Brokers and AB Forex Compared
Interactive Brokers has a minimum deposit of $1 while AB Forex offers a $100 minimum deposit.
Why smaller minimum deposits are good and how Interactive Brokers and AB Forex compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Interactive Brokers has around 100 financial instruments whilst AB Forex has around 100 financial instruments on their platform.
The more financial instruments you can trade on the Interactive Brokers and AB Forex trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of Interactive Brokers or AB Forex.
Interactive Brokers and AB Forex Contact Details
Being able to contact a broker easily is vital. Interactive Brokers and AB Forex have the following contact details and social medias that you can use.
Broker | Interactive Brokers | AB Forex |
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Telephone Number | +1 203 618 5800 | |
support@interactivebrokers.com | ||
Address | One Pickwick Plz, Greenwich, Connecticut 06830, US | |
Interactive Brokers Twitter Account | AB Forex Twitter Account | |
Interactive Brokers Facebook Page | AB Forex Facebook Page | |
Interactive Brokers Instagram Account | AB Forex Instagram Account | |
Interactive Brokers LinkedIn Page | AB Forex LinkedIn Page | |
YouTube | Interactive Brokers YouTube Channel | AB Forex YouTube Channel |
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AB Forex and Interactive Brokers Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of Interactive Brokers and AB Forex we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Interactive Brokers vs AB Forex - Awards
Broker | Interactive Brokers | AB Forex |
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Awards |
Interactive Brokers have won numerous industry awards over the years they have been operating as an online broker. We list the most notable awards for Interactive Brokers below.
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At the time of writing this AB Forex review, and despite AB Forex’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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Interactive Brokers vs AB Forex - Frequently Asked Questions
Interactive Brokers vs AB Forex - Headquarters And Year Of Founding
Interactive Brokers was founded in 1977 and has its head office in United States.
AB Forex was founded in 2003 and has its head office in STOCKHOLM.
What is the minimum deposit for AB Forex or Interactive Brokers
The minimum deposit for Interactive Brokers is $1.
The minimum deposit for AB Forex is $100.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Interactive Brokers and AB Forex are a good choice.
Interactive Brokers vs AB Forex - Regulation And Licencing In More Detail
Interactive Brokers is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917)..
AB Forex is regulated by Unregulated.
AB Forex is unregulated but Interactive Brokers has a powerful collection of rules for ensuring honest trading onto its individual platforms. For information encryption purposes, they provide industry-standard secure socket layer (SSL).
In accordance with their individual privacy regulation, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare Interactive Brokers vs AB Forex Commission And Fees
Interactive Brokers and AB Forex are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. That is, an internet broker is not necessarily influenced by the amount of customers they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 different types of fees for this purpose.
The first kind of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you're paying a spread, funding rate, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those that are charged when you maintain a leveraged position for more than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither Interactive Brokers or AB Forex charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for people who regularly exchange, for example daily or weekly trading.
However, non-trading fees billed by Interactive Brokers and AB Forex are comparatively higher. As a result, you are billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These aren't about the sale and purchase of resources.
This Interactive Brokers vs AB Forex review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For Interactive Brokers And AB Forex
What Languages Do Interactive Brokers And AB Forex Support?
Being able to chat easily with your online broker is a key part of comparing brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key factor to success when trading forex.
Below you will find the languages that both Interactive Brokers and AB Forex support.
How Many Clients Do Interactive Brokers and AB Forex Have?
Both Interactive Brokers and AB Forex are well known and trusted. It is really important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many customers Interactive Brokers and AB Forex are active on their platform
What Payment Methods Do Interactive Brokers and AB Forex Accept?
Interactive Brokers and AB Forex both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Interactive Brokers and AB Forex
What Can You Trade With Interactive Brokers and AB Forex?
Interactive Brokers offers 100 trading instruments while AB Forex offers 21.
Below you will find a full breakdown of what both Interactive Brokers and AB Forex offer.
Interactive Brokers Review
Interactive Brokers vs AB Forex:
Table Of Contents
- Compare Interactive Brokers vs AB Forex
- Benefits of Interactive Brokers and AB Forex Compared
- AB Forex and Interactive Brokers Mobile App Comparison
- Interactive Brokers vs AB Forex - Awards
- Interactive Brokers vs AB Forex - Frequently Asked Questions
- What is the minimum deposit for AB Forex or Interactive Brokers
- Interactive Brokers vs AB Forex - Regulation And Licencing In More Detail
- Compare Broker Fees For Interactive Brokers And AB Forex
- What Languages Do Interactive Brokers And AB Forex Support?
- How Many Clients Do Interactive Brokers and AB Forex Have?
- What Payment Methods Do Interactive Brokers and AB Forex Accept?
- What Can You Trade With Interactive Brokers and AB Forex?