fx global markets vs Interactive Brokers, 2024 Update
Charles Seymour
Last Updated: 25-Apr-2024
Read our In-Depth fx global markets vs Interactive Brokers Review - Updated for 2024
This comprehensive analysis of fx global markets and Interactive Brokers has been refreshed to reflect any changes for 2024 by knowledgeable insiders boasting significant financial experience across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of fx global markets vs Interactive Brokers does not apply to all countries as follows:
fx global markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Interactive Brokers Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare fx global markets vs Interactive Brokers
Each online trading platforms feature some advantages and disadvantages, so any comprehensive review of fx global markets and Interactive Brokers cannnot be regarded as thorough without embracing a fair assessment.
Assess fx global markets and Interactive Brokers in order to understand how they line up against each prior to you decide to create an account. A comprehensive comparison will put things in perspective in order that you remain cognizant of what you should anticipate.
So you are looking for a broker and are choosing between fx global markets or Interactive Brokers. Which one is best in 2024?
This fx global markets vs Interactive Brokers comparison contains the latest information so you can easily compare Interactive Brokers against fx global markets.
If you are a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You will get adept at all the concepts of broker since you keep trading. For starters, you have to choose the ideal broker who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. fx global markets and Interactive Brokers are just two such companies that will take you and your investment into great heights. It's important that you compare fx global markets vs Interactive Brokers until you trust them with your cash.
Our fx global markets vs Interactive Brokers comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust fx global markets and Interactive Brokers side by side.
Our entire fx global markets vs Interactive Brokers Review covers all you need to know about trading using either fx global markets or Interactive Brokers. A fantastic agent can multiply your first investments and give you positive profits. If you want to earn profits, you must trade with a broker service that aligns with your investing objectives.
There is no sure-fire way to ensure profits; thus, you must carefully analyze your broker before you select them. It is a common misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
fx global markets and Interactive Brokers are both brokers which have forged their way successfully into the brokerage world. Within this review, we have tried to collate a number of the important aspects of both fx global markets and Interactive Brokers. This review will help you to understand whether either Interactive Brokers or fx global markets is a good match for your own investments or not. We've attempted to breakdown all of the qualities and fees for your convenience.
Benefits of fx global markets and Interactive Brokers Compared
fx global markets has a minimum deposit of $250 while Interactive Brokers offers a $1 minimum deposit.
Why smaller minimum deposits are good and how fx global markets 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.
fx global markets has around 119 financial instruments while Interactive Brokers has around 119 financial instruments available.
The more instruments you can trade on the fx global markets and Interactive Brokers 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 seriously do not want to miss out on a trading opportunity due to the limitations of fx global markets or Interactive Brokers.
fx global markets and Interactive Brokers Contact Details
Being able to contact your broker through many ways is important. fx global markets and Interactive Brokers have the following contact details and social medias that you can use.
Broker | fx global markets | Interactive Brokers |
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Telephone Number | +357 2503 0576 | +1 203 618 5800 |
hello@fxglobal.com | support@interactivebrokers.com | |
Address | 1, Siafi Street, Porto Bello Building, 3042, Limassol, Cyprus | One Pickwick Plz, Greenwich, Connecticut 06830, US |
fx global markets Twitter Account | Interactive Brokers Twitter Account | |
fx global markets Facebook Page | Interactive Brokers Facebook Page | |
fx global markets Instagram Account | Interactive Brokers Instagram Account | |
fx global markets LinkedIn Page | Interactive Brokers LinkedIn Page | |
YouTube | fx global markets YouTube Channel | Interactive Brokers YouTube Channel |
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Interactive Brokers and fx global markets 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 fx global markets and Interactive Brokers will examine whether their mobile app meets all our requirements.
We rate overall 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
Although most brokers do OK in this area, there are some bad apples out there. 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 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?
fx global markets vs Interactive Brokers - Awards
Broker | fx global markets | Interactive Brokers |
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Awards | At the time of writing this fx global markets review, and despite fx global markets’s impressive offering, the company has surprisingly not garnered any awards to date. |
Interactive Brokers have won several industry awards over the time they have been running as a financial broker. We list the most recognised awards for Interactive Brokers below.
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fx global markets vs Interactive Brokers - Frequently Asked Questions
fx global markets vs Interactive Brokers - Headquarters And Year Of Founding
fx global markets was founded in 2017 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 fx global markets
The minimum deposit for fx global markets is $250.
The minimum deposit for Interactive Brokers is $1.
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 fx global markets and Interactive Brokers are a good option.
fx global markets vs Interactive Brokers - Regulation And Licencing In More Detail
fx global markets is regulated by Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14.
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 fx global markets and Interactive Brokers have a powerful collection of rules for ensuring fair trading on their own platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare fx global markets vs Interactive Brokers Commission And Fees
fx global markets and Interactive Brokers are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the amount of customers they have.
However, this doesn't necessarily 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 3 different types of fees for this objective.
The first kind of fees to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In these instances, you're paying a spread, funding rate, or a commission. The kinds of trading fees and the rates differ 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. Funding or overnight rates are people who are billed when you hold a leveraged position for longer than daily.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They are billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither fx global markets or Interactive Brokers charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who regularly trade, for example weekly or daily trading.
But, non-trading fees billed by fx global markets and Interactive Brokers are comparatively greater. As a result, you're billed more for non-trading activities in your trading accounts, like withdrawal and deposits. These aren't related to the purchase and sale of assets.
This fx global markets vs Interactive Brokers review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For fx global markets And Interactive Brokers
What Languages Do fx global markets And Interactive Brokers Support?
Being able to talk completely with your online platform is a key element when comparing online brokers to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading online.
Below you will find all the languages that both fx global markets and Interactive Brokers support.
How Many Clients Do fx global markets and Interactive Brokers Have?
Both fx global markets and Interactive Brokers are well known and trusted. It is important to work with a broker you can trust and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many users fx global markets and Interactive Brokers have
What Payment Methods Do fx global markets and Interactive Brokers Accept?
fx global markets 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 fx global markets and Interactive Brokers
What Can You Trade With fx global markets and Interactive Brokers?
fx global markets offers 119 trading instruments and Interactive Brokers offers 100.
Below you will find a full breakdown of what both fx global markets and Interactive Brokers offer.
fx global markets Review
fx global markets vs Interactive Brokers:
Table Of Contents
- Compare fx global markets vs Interactive Brokers
- Benefits of fx global markets and Interactive Brokers Compared
- Interactive Brokers and fx global markets Mobile App Comparison
- fx global markets vs Interactive Brokers - Awards
- fx global markets vs Interactive Brokers - Frequently Asked Questions
- What is the minimum deposit for Interactive Brokers or fx global markets
- fx global markets vs Interactive Brokers - Regulation And Licencing In More Detail
- Compare Broker Fees For fx global markets And Interactive Brokers
- What Languages Do fx global markets And Interactive Brokers Support?
- How Many Clients Do fx global markets and Interactive Brokers Have?
- What Payment Methods Do fx global markets and Interactive Brokers Accept?
- What Can You Trade With fx global markets and Interactive Brokers?