Interactive Brokers vs amarkets, 2024 Update
Read our In-Depth Interactive Brokers vs amarkets Review - for 2024
Our comprehensive analysis of Interactive Brokers and amarkets has been refreshed to reflect any changes for 2024 from industry experts with significant financial experience in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Interactive Brokers vs amarkets 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.
amarkets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Interactive Brokers vs amarkets
Each platforms for online trading will have certain pros and cons, so a complete review of Interactive Brokers and amarkets would not be complete without embracing an objective perspective.
Assess Interactive Brokers and amarkets to get a better understanding of how they stack up against one another prior to you decide to make an account. Performing a comparative analysis helps to put things in perspective in order that you're cognizant of what you should anticipate.
So you are looking for a reputable broker and are choosing between Interactive Brokers or amarkets. Who should you choose?
This Interactive Brokers vs amarkets comparison contains the latest information so you can easily compare amarkets against Interactive Brokers.
If you are a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You'll acquire adept at all the concepts of brokerage since you continue trading. For starters, you need to select the right agent who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. Interactive Brokers and amarkets are two such companies that will take you along with your investment to great heights. It is important that you compare Interactive Brokers vs amarkets before you trust them with your cash.
Our Interactive Brokers vs amarkets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Interactive Brokers and amarkets side by side.
Our full Interactive Brokers vs amarkets Review covers everything you will need to learn about trading using either Interactive Brokers or amarkets. A good broker can multiply your first investments and give you positive profits. If you want to make profits, you must trade with a broker service that aligns with your investing goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully assess your agent before you select them. It is a common misconception that all brokers are the same, but that is not correct. Wrong judgment, initially, can put your investments in danger.
Interactive Brokers and amarkets are both brokers that have found their way successfully to the broker world. In this review, we've attempted to collate some of the important facets of both Interactive Brokers and amarkets. This review will help you to understand whether either amarkets or Interactive Brokers is a good fit for your investments or not. We've attempted to breakdown all the features and fees for your advantage.
Benefits of Interactive Brokers and amarkets Compared
Interactive Brokers has a minimum deposit of $1 while amarkets offers a $250 minimum deposit.
Why smaller minimum deposits are good and how Interactive Brokers and amarkets 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 amarkets allows you to trade around 100 on their platform.
The more instruments you can trade on the Interactive Brokers and amarkets 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 amarkets.
Interactive Brokers and amarkets Contact Details
Being able to contact your broker easily is important. Interactive Brokers and amarkets have the following contact details and social medias that you can use.
Broker | Interactive Brokers | amarkets |
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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 | amarkets Twitter Account | |
Interactive Brokers Facebook Page | amarkets Facebook Page | |
Interactive Brokers Instagram Account | amarkets Instagram Account | |
Interactive Brokers LinkedIn Page | amarkets LinkedIn Page | |
YouTube | Interactive Brokers YouTube Channel | amarkets YouTube Channel |
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amarkets 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.
This part of comparing Interactive Brokers and amarkets will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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 amarkets - Awards
Broker | Interactive Brokers | amarkets |
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Awards |
Interactive Brokers have won several industry awards over the time they have been operating as an online broker. We detail the most notable awards for Interactive Brokers below.
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At the time of writing this amarkets review, and despite amarkets’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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Interactive Brokers vs amarkets - Frequently Asked Questions
Interactive Brokers vs amarkets - Headquarters And Year Of Founding
Interactive Brokers was founded in 1977 and has its head office in United States.
amarkets was founded in 2016 and has its headquaters in United Kingdom.
What is the minimum deposit for amarkets or Interactive Brokers
The minimum deposit for Interactive Brokers is $1.
The minimum deposit for amarkets is $250.
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 amarkets are a good option.
Interactive Brokers vs amarkets - 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)..
amarkets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F223.
Both Interactive Brokers and amarkets have a powerful collection of rules for ensuring fair trading on their individual platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, 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 amarkets Commission And Fees
Interactive Brokers and amarkets are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily influenced by the number of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these instances, you're spending a spread, funding speed, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people that are billed when you hold a leveraged position for longer than a day.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They are charged for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither Interactive Brokers or amarkets charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often trade, such as daily or weekly trading.
But, non-trading fees charged by Interactive Brokers and amarkets are comparatively lower. As a result, you are billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This Interactive Brokers vs amarkets review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For Interactive Brokers And amarkets
What Languages Do Interactive Brokers And amarkets Support?
Being able to communicate completely with your trading broker is a key element when comparing trading platforms to find the best broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading online.
Below you can find the languages that both Interactive Brokers and amarkets offer communication in.
How Many Clients Do Interactive Brokers and amarkets Have?
Both Interactive Brokers and amarkets are well established with their client base. It is 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 users Interactive Brokers and amarkets are working with
What Payment Methods Do Interactive Brokers and amarkets Accept?
Interactive Brokers and amarkets 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 amarkets
What Can You Trade With Interactive Brokers and amarkets?
Interactive Brokers offers 100 trading instruments and amarkets offers 106.
Below you will find a full breakdown of what both Interactive Brokers and amarkets offer.
Interactive Brokers Review
Interactive Brokers vs amarkets:
Table Of Contents
- Compare Interactive Brokers vs amarkets
- Benefits of Interactive Brokers and amarkets Compared
- amarkets and Interactive Brokers Mobile App Comparison
- Interactive Brokers vs amarkets - Awards
- Interactive Brokers vs amarkets - Frequently Asked Questions
- What is the minimum deposit for amarkets or Interactive Brokers
- Interactive Brokers vs amarkets - Regulation And Licencing In More Detail
- Compare Broker Fees For Interactive Brokers And amarkets
- What Languages Do Interactive Brokers And amarkets Support?
- How Many Clients Do Interactive Brokers and amarkets Have?
- What Payment Methods Do Interactive Brokers and amarkets Accept?
- What Can You Trade With Interactive Brokers and amarkets?