Uphold vs Interactive Brokers, 2022 Update
Read our In-Depth Uphold vs Interactive Brokers Review - 2022 Update
This Uphold vs Interactive Brokers review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this Uphold vs Interactive Brokers review does not apply to all countries as follows:
Uphold Excluded Countries
Anguilla, Antarctica, Armenia, Azerbaijan, Barbados, Belarus, Cambodia, Central African Republic, Chad, Cuba, Eritrea, Fiji, French Southern Territories, Guinea, Heard Island and McDonald Islands, Iran, Lebanon, Liberia, Mali, Mauritius, Democratic Peoples Republic of Korea, Palau, Samoa, Sudan, Syrian Arab Republic, United States Minor Outlying Islands, Vanuatu, Albania, American Samoa, Azerbaijan, Bangladesh, Belarus, Bosnia and Herzegovina, Bulgaria, Burundi, China, Democratic Republic of the Congo, Congo, Croatia, Equatorial Guinea, Georgia, Germany, Guinea Bissau, Haiti, Indonesia, Iraq, Kenya, Libya, Republic of Moldova, Montenegro, Myanmar, Netherlands, North Macedonia, Romania, Russian Federation, Serbia, Slovenia, Somalia, Turkmenistan, Ukraine, Venezuela, Vietnam, and Yemen.
Interactive Brokers Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Uphold vs Interactive Brokers
Every online trading platform will have a few pros and cons, and no Uphold and Interactive Brokers review would be complete without showing both sides. Compare Uphold and Interactive Brokers to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for an online trading platform and are choosing between Uphold or Interactive Brokers. Which one is best in 2022?
Our Uphold vs Interactive Brokers comparison contains the latest information so you can easily compare Interactive Brokers against Uphold.
If you are a new entrant in the realm of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You will get adept at all of the concepts of broker as you keep trading. For starters, you need to select the right broker who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to create hefty returns. Uphold and Interactive Brokers are just two such companies that will take you and your investment to great heights. It's crucial to compare Uphold vs Interactive Brokers before you trust them with your cash.
Our Uphold vs Interactive Brokers comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Uphold and Interactive Brokers side by side.
Our entire Uphold vs Interactive Brokers Review covers all you need to learn about trading with either Uphold or Interactive Brokers. A good broker can multiply your first investments and give you favorable profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investing goals.
There's absolutely no sure-fire way to guarantee profits; thus, you must carefully analyze your agent before you choose them. It is a frequent misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
Uphold and Interactive Brokers are both brokers that have forged their way successfully to the brokerage world. In this review, we've attempted to collate some of the important facets of both Uphold and Interactive Brokers. This review can help you to understand whether either Interactive Brokers or Uphold is a good match for your own investments or not. We've tried to breakdown all the qualities and charges for your advantage.
Benefits of Uphold and Interactive Brokers Compared
Uphold offers a minimum deposit of $1 while Interactive Brokers offers a $1 minimum deposit.
Why smaller minimum deposits are good and how Uphold and Interactive Brokers 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.
Uphold allows you to trade around 211 financial instruments whilst Interactive Brokers allows you to trade around 211 financial instruments available.
The more financial instruments you can trade on the Uphold and Interactive Brokers 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 Uphold or Interactive Brokers.
Uphold and Interactive Brokers Contact Details
Being able to contact a broker through many ways is a sign of a professional broker. Uphold and Interactive Brokers have the following contact details and social medias that you can use.
|Telephone Number||+1 (415) 925-2711||+1 203 618 5800|
|Address||700 Larkspur Landing Cir, Ste 263, Larkspur, California 94939, US||One Pickwick Plz, Greenwich, Connecticut 06830, US|
|Uphold Twitter Account||Interactive Brokers Twitter Account|
|Uphold Facebook Page||Interactive Brokers Facebook Page|
|Uphold Instagram Account||Interactive Brokers Instagram Account|
|Uphold LinkedIn Page||Interactive Brokers LinkedIn Page|
|YouTube||Uphold YouTube Channel||Interactive Brokers YouTube Channel|
|Find Out More||
Interactive Brokers and Uphold Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing Uphold and Interactive Brokers will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
While most brokers are good at this, there are some poor ones. 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?
Uphold vs Interactive Brokers - Awards
|Awards||At the time of writing this Uphold review, and despite Uphold’s impressive offering, the company has surprisingly not garnered any awards to date.||
Interactive Brokers have won numerous industry awards over the years they have been operating as a financial broker. We list the most notable awards for Interactive Brokers below.
|Find Out More||
Uphold vs Interactive Brokers - Frequently Asked Questions
Uphold vs Interactive Brokers - Headquarters And Year Of Founding
Uphold was founded in 2013 and has its head office in United States.
Interactive Brokers was founded in 1977 and has its headquaters in United States.
What is the minimum deposit for Interactive Brokers or Uphold
The minimum deposit for Uphold is $1.
The minimum deposit for Interactive Brokers is $1.
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 Uphold and Interactive Brokers are a good option.
Uphold vs Interactive Brokers - Regulation And Licencing In More Detail
Uphold is regulated by FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 .
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)..
Both Uphold and Interactive Brokers have a powerful set of rules for ensuring fair trading on their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare Uphold vs Interactive Brokers Commission And Fees
Uphold and Interactive Brokers are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled better. In other words, an internet broker is not necessarily affected by the amount of clients they have.
But this does not 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 three types of fees for this purpose.
The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In these instances, you're paying a spread, financing rate, or even a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could 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 prices are those that are billed when you hold a leveraged position for longer than daily.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your account. They are billed for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither Uphold or Interactive Brokers 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 those who often exchange, for example weekly or daily trading.
However, non-trading fees billed by Uphold and Interactive Brokers are comparatively competitive. As a result, you are billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of assets.
This Uphold vs Interactive Brokers review for 2022 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For Uphold And Interactive Brokers
What Languages Do Uphold And Interactive Brokers Support?
Being able to talk easily with your online broker is a key way of comparing trading platforms to find the best broker. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Here you will find the languages that both Uphold and Interactive Brokers offer communication in.
How Many Clients Do Uphold and Interactive Brokers Have?
Both Uphold and Interactive Brokers are well established with their client base. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers Uphold and Interactive Brokers have
What Payment Methods Do Uphold and Interactive Brokers Accept?
Uphold and Interactive Brokers 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 Uphold and Interactive Brokers
What Can You Trade With Uphold and Interactive Brokers?
Uphold offers 211 trading instruments and Interactive Brokers offers 100.
Below you will find a full breakdown of what both Uphold and Interactive Brokers offer.
Compare Uphold To All Other Brokers
Compare Interactive Brokers To All Other Brokers
Uphold vs Interactive Brokers:
Table Of Contents
- Compare Uphold vs Interactive Brokers
- Benefits of Uphold and Interactive Brokers Compared
- Interactive Brokers and Uphold Mobile App Comparison
- Uphold vs Interactive Brokers - Awards
- Uphold vs Interactive Brokers - Frequently Asked Questions
- What is the minimum deposit for Interactive Brokers or Uphold
- Uphold vs Interactive Brokers - Regulation And Licencing In More Detail
- Compare Broker Fees For Uphold And Interactive Brokers
- What Languages Do Uphold And Interactive Brokers Support?
- How Many Clients Do Uphold and Interactive Brokers Have?
- What Payment Methods Do Uphold and Interactive Brokers Accept?
- What Can You Trade With Uphold and Interactive Brokers?