Interactive Brokers vs Commonwealth Securities, Who's The Best?
Charles Seymour
Last Updated: 28-Mar-2024
Read our In-Depth Interactive Brokers vs Commonwealth Securities Review - Updated for 2024
This review comparing Interactive Brokers and Commonwealth Securities has been revised to reflect any changes for 2024 by knowledgeable insiders boasting extensive financial experience in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Interactive Brokers vs Commonwealth Securities 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.
Commonwealth Securities Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Interactive Brokers vs Commonwealth Securities
Every trading platforms will have a few ups and downs, and any comprehensive Interactive Brokers and Commonwealth Securities review cannnot be complete without embracing an objective perspective.
Compare Interactive Brokers and Commonwealth Securities in order to understand the way they line up against each other before you choose to make an account. A side-by-side comparison can put things in perspective in order that you are cognizant of the expectations.
So you are looking for a professional broker and are choosing between Interactive Brokers or Commonwealth Securities. Who should you choose?
This Interactive Brokers vs Commonwealth Securities comparison contains the most recent information so you can easily compare Commonwealth Securities against Interactive Brokers.
If you are a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will get adept at all of the concepts of broker since you continue trading. For starters, you have to choose the right agent who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. Interactive Brokers and Commonwealth Securities are just two such stages which will take you and your investment into great heights. It's crucial that you compare Interactive Brokers vs Commonwealth Securities before you trust them with your money.
Our Interactive Brokers vs Commonwealth Securities comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Interactive Brokers and Commonwealth Securities side by side.
Our full Interactive Brokers vs Commonwealth Securities Review covers all you need to know about trading with either Interactive Brokers or Commonwealth Securities. A good broker can multiply your initial investments and provide you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully analyze your broker before you select them. It is a common misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
Interactive Brokers and Commonwealth Securities are both brokers that have paved their way successfully into the brokerage world. Within this review, we have tried to collate a number of the vital aspects of both Interactive Brokers and Commonwealth Securities. This review will allow you to know whether either Commonwealth Securities or Interactive Brokers is a fantastic fit for your investments or not. We've attempted to breakdown all the qualities and charges for your convenience.
Benefits of Interactive Brokers and Commonwealth Securities Compared
Interactive Brokers offers a minimum deposit of $1 while Commonwealth Securities offers a $5000 minimum deposit.
Why smaller minimum deposits are good and how Interactive Brokers and Commonwealth Securities 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 while Commonwealth Securities allows you to trade around 100 financial instruments available.
The more instruments you can trade on the Interactive Brokers and Commonwealth Securities 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 should never want to miss out on a trading opportunity due to the limitations of Interactive Brokers or Commonwealth Securities.
Interactive Brokers and Commonwealth Securities Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. Interactive Brokers and Commonwealth Securities have the following contact details and social medias that you can use.
Broker | Interactive Brokers | Commonwealth Securities |
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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 | Commonwealth Securities Twitter Account | |
Interactive Brokers Facebook Page | Commonwealth Securities Facebook Page | |
Interactive Brokers Instagram Account | Commonwealth Securities Instagram Account | |
Interactive Brokers LinkedIn Page | Commonwealth Securities LinkedIn Page | |
YouTube | Interactive Brokers YouTube Channel | Commonwealth Securities YouTube Channel |
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Commonwealth Securities 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 Commonwealth Securities we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than 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 have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Interactive Brokers vs Commonwealth Securities - Awards
Broker | Interactive Brokers | Commonwealth Securities |
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Awards |
Interactive Brokers have won numerous industry awards over the years they have been operating as an online broker. We show the most recognised awards for Interactive Brokers below.
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At the time of writing this Commonwealth Securities review, and despite Commonwealth Securities’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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Interactive Brokers vs Commonwealth Securities - Frequently Asked Questions
Interactive Brokers vs Commonwealth Securities - Headquarters And Year Of Founding
Interactive Brokers was founded in 1977 and has its headquaters in United States.
Commonwealth Securities was founded in 1999 and has its head office in Australia.
What is the minimum deposit for Commonwealth Securities or Interactive Brokers
The minimum deposit for Interactive Brokers is $1.
The minimum deposit for Commonwealth Securities is $5000.
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 Commonwealth Securities are a good option.
Interactive Brokers vs Commonwealth Securities - 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)..
Commonwealth Securities is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both Interactive Brokers and Commonwealth Securities have a strong collection of rules for ensuring fair trading on their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their privacy policies, client information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare Interactive Brokers vs Commonwealth Securities Commission And Fees
Interactive Brokers and Commonwealth Securities are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of fees for this purpose.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you are paying a spread, funding speed, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are those that are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They are billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither Interactive Brokers or Commonwealth Securities charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who regularly exchange, for example daily or weekly trading.
But, non-trading fees charged by Interactive Brokers and Commonwealth Securities are relatively greater. As a result, you're charged more for non-trading activities on your trading account, such as deposits and withdrawal. These aren't related to the sale and purchase of resources.
This Interactive Brokers vs Commonwealth Securities review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For Interactive Brokers And Commonwealth Securities
What Languages Do Interactive Brokers And Commonwealth Securities Support?
Being able to communicate easily with your trading broker is a key element when comparing trading platforms to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Here you will find all the languages that both Interactive Brokers and Commonwealth Securities offer communication in.
How Many Clients Do Interactive Brokers and Commonwealth Securities Have?
Both Interactive Brokers and Commonwealth Securities are well established with their client base. It is really important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many users Interactive Brokers and Commonwealth Securities have
What Payment Methods Do Interactive Brokers and Commonwealth Securities Accept?
Interactive Brokers and Commonwealth Securities 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 Commonwealth Securities
What Can You Trade With Interactive Brokers and Commonwealth Securities?
Interactive Brokers offers 100 trading instruments and Commonwealth Securities offers 79.
Below you will find a full breakdown of what both Interactive Brokers and Commonwealth Securities offer.
Interactive Brokers Review
Interactive Brokers vs Commonwealth Securities:
Table Of Contents
- Compare Interactive Brokers vs Commonwealth Securities
- Benefits of Interactive Brokers and Commonwealth Securities Compared
- Commonwealth Securities and Interactive Brokers Mobile App Comparison
- Interactive Brokers vs Commonwealth Securities - Awards
- Interactive Brokers vs Commonwealth Securities - Frequently Asked Questions
- What is the minimum deposit for Commonwealth Securities or Interactive Brokers
- Interactive Brokers vs Commonwealth Securities - Regulation And Licencing In More Detail
- Compare Broker Fees For Interactive Brokers And Commonwealth Securities
- What Languages Do Interactive Brokers And Commonwealth Securities Support?
- How Many Clients Do Interactive Brokers and Commonwealth Securities Have?
- What Payment Methods Do Interactive Brokers and Commonwealth Securities Accept?
- What Can You Trade With Interactive Brokers and Commonwealth Securities?