Interactive Brokers vs selftrade, 2024 Update
Read our In-Depth Interactive Brokers vs selftrade Review - 2024 Update
Our Interactive Brokers vs selftrade review has been updated to reflect any changes for 2024 by knowledgeable insiders with years of expertise across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Interactive Brokers vs selftrade 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.
selftrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Interactive Brokers vs selftrade
Each online trading platforms feature certain advantages and disadvantages, and a complete Interactive Brokers and selftrade review cannnot be regarded as thorough without embracing a fair assessment.
Examine selftrade and Interactive Brokers to get a better understanding of how they compare with each before you open an account. Conducting a side-by-side comparison helps to bring aspects in perspective so that you are informed about what to expect.
So you are looking for a broker and are choosing between Interactive Brokers or selftrade. Who should you choose?
This Interactive Brokers vs selftrade comparison contains the latest information so you can easily compare selftrade against Interactive Brokers.
If you're a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You'll acquire proficient at all of the concepts of brokerage since you keep trading. For starters, you have to choose the right agent who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. Interactive Brokers and selftrade are two such stages that will take you along with your investment into great heights. It's crucial to compare Interactive Brokers vs selftrade before you trust them with your cash.
Our Interactive Brokers vs selftrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Interactive Brokers and selftrade side by side.
Our full Interactive Brokers vs selftrade Review covers everything you will need to learn about trading using either Interactive Brokers or selftrade. A good agent can multiply your first investments and give you favorable profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you select them. It's a frequent misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
Interactive Brokers and selftrade are both brokers which have paved their way successfully into the broker world. In this review, we have tried to collate a number of the vital facets of both Interactive Brokers and selftrade. This review can help you to understand whether either selftrade or Interactive Brokers is a good fit for your investments or not. We have attempted to breakdown all the features and fees for your convenience.
Benefits of Interactive Brokers and selftrade Compared
Interactive Brokers offers a minimum deposit of $1 while selftrade offers a $250 minimum deposit.
Why smaller minimum deposits are good and how Interactive Brokers and selftrade 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 allows you to trade around 100 financial instruments while selftrade allows you to trade around 100 financial instruments available.
The more financial instruments you can trade on the Interactive Brokers and selftrade 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 selftrade.
Interactive Brokers and selftrade Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. Interactive Brokers and selftrade have the following contact details and social medias that you can use.
Broker | Interactive Brokers | selftrade |
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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 | selftrade Twitter Account | |
Interactive Brokers Facebook Page | selftrade Facebook Page | |
Interactive Brokers Instagram Account | selftrade Instagram Account | |
Interactive Brokers LinkedIn Page | selftrade LinkedIn Page | |
YouTube | Interactive Brokers YouTube Channel | selftrade YouTube Channel |
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selftrade 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 selftrade 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 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 selftrade - Awards
Broker | Interactive Brokers | selftrade |
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Awards |
Interactive Brokers have won many industry awards over the time they have been operating as an online broker. We list the most recognised awards for Interactive Brokers here.
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At the time of writing this selftrade review, and despite selftrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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Interactive Brokers vs selftrade - Frequently Asked Questions
Interactive Brokers vs selftrade - Headquarters And Year Of Founding
Interactive Brokers was founded in 1977 and has its headquaters in United States.
selftrade was founded in 2013 and has its head office in Australia.
What is the minimum deposit for selftrade or Interactive Brokers
The minimum deposit for Interactive Brokers is $1.
The minimum deposit for selftrade is $250.
Depending on your needs, 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 selftrade are a good option.
Interactive Brokers vs selftrade - 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)..
selftrade 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-F304.
Both Interactive Brokers and selftrade have a strong collection of rules for ensuring fair trading on their individual platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare Interactive Brokers vs selftrade Commission And Fees
Interactive Brokers and selftrade are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily affected by the amount of clients they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 types of penalties for this objective.
The first sort of fees to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In these instances, you are spending a spread, funding speed, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are those that are billed when you hold a leveraged position for longer than a day.
Aside from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither Interactive Brokers or selftrade charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, such as daily or weekly trading.
But, non-trading fees billed by Interactive Brokers and selftrade are relatively lower. As a result, you're billed more for non-trading actions in your trading accounts, such as deposits and withdrawal. These are not related to the purchase and sale of resources.
This Interactive Brokers vs selftrade review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For Interactive Brokers And selftrade
What Languages Do Interactive Brokers And selftrade Support?
Being able to communicate easily with your online broker is a key element when comparing trading platforms to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you can find all the languages that both Interactive Brokers and selftrade offer communication in.
How Many Clients Do Interactive Brokers and selftrade Have?
Both Interactive Brokers and selftrade are well established with their client base. It is really important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many users Interactive Brokers and selftrade have
What Payment Methods Do Interactive Brokers and selftrade Accept?
Interactive Brokers and selftrade 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 selftrade
What Can You Trade With Interactive Brokers and selftrade?
Interactive Brokers offers 100 trading instruments while selftrade offers 187.
Below you will find a full breakdown of what both Interactive Brokers and selftrade offer.
Interactive Brokers Review
Interactive Brokers vs selftrade:
Table Of Contents
- Compare Interactive Brokers vs selftrade
- Benefits of Interactive Brokers and selftrade Compared
- selftrade and Interactive Brokers Mobile App Comparison
- Interactive Brokers vs selftrade - Awards
- Interactive Brokers vs selftrade - Frequently Asked Questions
- What is the minimum deposit for selftrade or Interactive Brokers
- Interactive Brokers vs selftrade - Regulation And Licencing In More Detail
- Compare Broker Fees For Interactive Brokers And selftrade
- What Languages Do Interactive Brokers And selftrade Support?
- How Many Clients Do Interactive Brokers and selftrade Have?
- What Payment Methods Do Interactive Brokers and selftrade Accept?
- What Can You Trade With Interactive Brokers and selftrade?