Interactive Brokers vs Abshire Smith, Who's The Best?
Read our In-Depth Interactive Brokers vs Abshire Smith Review - Updated for 2024
This comprehensive analysis of Interactive Brokers and Abshire Smith has been refreshed to reflect any changes for 2024 from knowledgeable insiders boasting considerable financial experience across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Interactive Brokers vs Abshire Smith 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.
Abshire Smith Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Interactive Brokers vs Abshire Smith
All trading platforms will have certain ups and downs, and a complete analysis of Interactive Brokers vs Abshire Smith cannnot be complete without having a fair assessment.
Examine Interactive Brokers and Abshire Smith in order to understand just how they stack up with one another before you make an account. A side-by-side comparison helps to put things in perspective to ensure that you are informed about what you should anticipate.
So you are looking for an online trading platform and are choosing between Interactive Brokers or Abshire Smith. Who is better in 2024?
This Interactive Brokers vs Abshire Smith comparison contains the latest information so you can easily compare Abshire Smith against Interactive Brokers.
If you're a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You will acquire proficient at all the concepts of broker since you keep trading. For starters, you have to choose the ideal agent who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. Interactive Brokers and Abshire Smith are just two such trading platforms that will take you and your investment to great heights. It is crucial that you compare Interactive Brokers vs Abshire Smith before you trust them with your money.
Our Interactive Brokers vs Abshire Smith comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Interactive Brokers and Abshire Smith side by side.
Our full Interactive Brokers vs Abshire Smith Review covers everything you will need to learn about trading using either Interactive Brokers or Abshire Smith. A good agent can multiply your first investments and provide you favorable profits. If you would like to earn profits, you must trade with a broker service that aligns with your investment objectives.
There is no sure-fire way to guarantee profits; therefore, you must carefully assess your broker before you choose them. It's a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.
Interactive Brokers and Abshire Smith are both brokers that have found their way successfully into the brokerage world. Within this review, we've tried to collate some of the vital facets of both Interactive Brokers and Abshire Smith. This review will help you to know whether either Abshire Smith or Interactive Brokers is a fantastic match for your investments or not. We've tried to breakdown all of the features and fees for your convenience.
Benefits of Interactive Brokers and Abshire Smith Compared
Interactive Brokers has a minimum deposit of $1 while Abshire Smith offers a $500 minimum deposit.
Why smaller minimum deposits are good and how Interactive Brokers and Abshire Smith 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 Abshire Smith has around 100 financial instruments available.
The more financial instruments you can trade on the Interactive Brokers and Abshire Smith 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 seriously do not want to miss out on a trading opportunity due to the limitations of Interactive Brokers or Abshire Smith.
Interactive Brokers and Abshire Smith Contact Details
Being able to contact your broker easily is important. Interactive Brokers and Abshire Smith have the following contact details and social medias that you can use.
Broker | Interactive Brokers | Abshire Smith |
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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 | Abshire Smith Twitter Account | |
Interactive Brokers Facebook Page | Abshire Smith Facebook Page | |
Interactive Brokers Instagram Account | Abshire Smith Instagram Account | |
Interactive Brokers LinkedIn Page | Abshire Smith LinkedIn Page | |
YouTube | Interactive Brokers YouTube Channel | Abshire Smith YouTube Channel |
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Abshire Smith and Interactive Brokers Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of Interactive Brokers and Abshire Smith we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate 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 Abshire Smith - Awards
Broker | Interactive Brokers | Abshire Smith |
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Awards |
Interactive Brokers have won a lot of industry awards over the years they have been running as a financial broker. We show the most recognised awards for Interactive Brokers below.
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At the time of writing this Abshire Smith review, and despite Abshire Smith’s impressive offering, the company has surprisingly not garnered any awards to date. |
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Interactive Brokers vs Abshire Smith - Frequently Asked Questions
Interactive Brokers vs Abshire Smith - Headquarters And Year Of Founding
Interactive Brokers was founded in 1977 and has its head office in United States.
Abshire Smith was founded in 1997 and has its head office in United kingdom.
What is the minimum deposit for Abshire Smith or Interactive Brokers
The minimum deposit for Interactive Brokers is $1.
The minimum deposit for Abshire Smith is $500.
Depending on your current situation, 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 Abshire Smith are a good option.
Interactive Brokers vs Abshire Smith - 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)..
Abshire Smith is regulated by Financial Conduct Authority (FCA).
Both Interactive Brokers and Abshire Smith have a strong collection of rules for ensuring honest trading onto their own platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare Interactive Brokers vs Abshire Smith Commission And Fees
Interactive Brokers and Abshire Smith are online broker 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 isn't necessarily influenced by the amount of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this objective.
The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you are paying a spread, financing rate, or even a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are people who are charged when you maintain a leveraged position for longer than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your account. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither Interactive Brokers or Abshire Smith charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly trade, such as weekly or daily trading.
But, non-trading fees charged by Interactive Brokers and Abshire Smith are comparatively greater. Consequently, you are charged more for non-trading activities on your trading accounts, such as deposits and withdrawal. These are not about the sale and purchase of resources.
This Interactive Brokers vs Abshire Smith review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For Interactive Brokers And Abshire Smith
What Languages Do Interactive Brokers And Abshire Smith Support?
Being able to communicate completely with your trading broker is a key part of comparing brokers to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key part of success when trading online.
Below you will find the languages that both Interactive Brokers and Abshire Smith offer communication in.
How Many Clients Do Interactive Brokers and Abshire Smith Have?
Both Interactive Brokers and Abshire Smith are well established with their client base. It is really important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many clients Interactive Brokers and Abshire Smith are active on their platform
What Payment Methods Do Interactive Brokers and Abshire Smith Accept?
Interactive Brokers and Abshire Smith 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 Abshire Smith
What Can You Trade With Interactive Brokers and Abshire Smith?
Interactive Brokers offers 100 trading instruments whilst Abshire Smith offers 22.
Below you will find a full breakdown of what both Interactive Brokers and Abshire Smith offer.
Interactive Brokers Review
Interactive Brokers vs Abshire Smith:
Table Of Contents
- Compare Interactive Brokers vs Abshire Smith
- Benefits of Interactive Brokers and Abshire Smith Compared
- Abshire Smith and Interactive Brokers Mobile App Comparison
- Interactive Brokers vs Abshire Smith - Awards
- Interactive Brokers vs Abshire Smith - Frequently Asked Questions
- What is the minimum deposit for Abshire Smith or Interactive Brokers
- Interactive Brokers vs Abshire Smith - Regulation And Licencing In More Detail
- Compare Broker Fees For Interactive Brokers And Abshire Smith
- What Languages Do Interactive Brokers And Abshire Smith Support?
- How Many Clients Do Interactive Brokers and Abshire Smith Have?
- What Payment Methods Do Interactive Brokers and Abshire Smith Accept?
- What Can You Trade With Interactive Brokers and Abshire Smith?