Interactive Brokers vs Abshire Smith, Who's Better?
Read our In-Depth Interactive Brokers vs Abshire Smith Review - 2024 Update
This comprehensive analysis of Interactive Brokers and Abshire Smith has been refreshed to reflect any changes for 2024 by industry experts with extensive financial experience in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of Interactive Brokers vs Abshire Smith 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.
Abshire Smith Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Interactive Brokers vs Abshire Smith
All platforms for online trading will have a few advantages and disadvantages, and any comprehensive analysis of Interactive Brokers vs Abshire Smith would not be regarded as thorough without having a balanced approach.
Assess Interactive Brokers and Abshire Smith to understand how they line up against each before you decide to open an account. A side-by-side comparison can bring aspects into perspective to ensure that you're cognizant of what to expect.
So you are looking for an online trading platform and are choosing between Interactive Brokers or Abshire Smith. Who is better in 2024?
Our Interactive Brokers vs Abshire Smith comparison contains the latest information so you can easily compare Abshire Smith against Interactive Brokers.
If you're a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You will get adept at all the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who'll be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. Interactive Brokers and Abshire Smith are two such platforms that will take you along with your investment into great heights. It's important that you compare Interactive Brokers vs Abshire Smith before you trust them with your cash.
Our Interactive Brokers vs Abshire Smith comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Interactive Brokers and Abshire Smith side by side.
Our entire Interactive Brokers vs Abshire Smith Review covers all you need to know about trading using either Interactive Brokers or Abshire Smith. A fantastic agent can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire way to ensure profits; thus, you should carefully assess your agent before you choose them. It's a common misconception that all agents are exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
Interactive Brokers and Abshire Smith are both brokers that have forged their way successfully to the broker world. In this review, we've tried to collate some of the vital facets of both Interactive Brokers and Abshire Smith. This review will help you to understand whether either Abshire Smith or Interactive Brokers is a fantastic fit for your own investments or not. We have tried to breakdown all the qualities and fees for your advantage.
Benefits of Interactive Brokers and Abshire Smith Compared
Interactive Brokers offers a minimum deposit of $1 while Abshire Smith has a $500 minimum deposit.
Why smaller minimum deposits are good and how Interactive Brokers and Abshire Smith 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 Abshire Smith has around 100 financial instruments available.
The more financial instruments you can trade on the Interactive Brokers and Abshire Smith 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 Interactive Brokers or Abshire Smith.
Interactive Brokers and Abshire Smith Contact Details
Being able to contact an online trading platform simply is important. Interactive Brokers and Abshire Smith have the following contact details and social medias that you can use.
Broker | Interactive Brokers | Abshire Smith |
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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 | Abshire Smith Twitter Account | |
Interactive Brokers Facebook Page | Abshire Smith Facebook Page | |
Interactive Brokers Instagram Account | Abshire Smith Instagram Account | |
Interactive Brokers LinkedIn Page | Abshire Smith LinkedIn Page | |
YouTube | Interactive Brokers YouTube Channel | Abshire Smith YouTube Channel |
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Abshire Smith 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 Abshire Smith will examine whether their mobile app meets all our requirements.
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
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 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 Abshire Smith - Awards
Broker | Interactive Brokers | Abshire Smith |
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Awards |
Interactive Brokers have won a lot of industry awards over the time they have been running as an online broker. We detail the most notable awards for Interactive Brokers here.
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At the time of writing this Abshire Smith review, and despite Abshire Smith’s impressive offering, the company has surprisingly not garnered any awards to date. |
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Interactive Brokers vs Abshire Smith - Frequently Asked Questions
Interactive Brokers vs Abshire Smith - Headquarters And Year Of Founding
Interactive Brokers was founded in 1977 and has its headquaters in United States.
Abshire Smith was founded in 1997 and has its head office in United kingdom.
What is the minimum deposit for Abshire Smith or Interactive Brokers
The minimum deposit for Interactive Brokers is $1.
The minimum deposit for Abshire Smith is $500.
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 Abshire Smith are a good option.
Interactive Brokers vs Abshire Smith - 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)..
Abshire Smith is regulated by Financial Conduct Authority (FCA).
Both Interactive Brokers and Abshire Smith have a strong collection of rules for ensuring honest trading onto their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, 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 Abshire Smith Commission And Fees
Interactive Brokers and Abshire Smith are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled better. That is, an online broker isn't necessarily affected by the amount of customers they have.
But this does not mean that online brokers don't 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 purpose.
The first kind of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you're spending a spread, funding speed, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those that are billed when you hold a leveraged position for more than a day.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.
Generally, neither Interactive Brokers or Abshire Smith charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who often exchange, for example daily or weekly trading.
However, non-trading fees billed by Interactive Brokers and Abshire Smith are comparatively lower. As a result, you are billed more for non-trading activities on your trading accounts, like withdrawal and deposits. These are not related to the sale and purchase of assets.
This Interactive Brokers vs Abshire Smith review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For Interactive Brokers And Abshire Smith
What Languages Do Interactive Brokers And Abshire Smith Support?
Being able to communicate completely with your online broker is a key way of comparing trading platforms to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key factor to success when trading online.
Below you will find all the languages that both Interactive Brokers and Abshire Smith offer communication in.
How Many Clients Do Interactive Brokers and Abshire Smith Have?
Both Interactive Brokers and Abshire Smith are well established with their client base. It is really important to work with an online broker that is professional and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers Interactive Brokers and Abshire Smith are active on their platform
What Payment Methods Do Interactive Brokers and Abshire Smith Accept?
Interactive Brokers and Abshire Smith 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 Abshire Smith
What Can You Trade With Interactive Brokers and Abshire Smith?
Interactive Brokers offers 100 trading instruments whilst Abshire Smith offers 22.
Below you will find a full breakdown of what both Interactive Brokers and Abshire Smith offer.
Interactive Brokers Review
Interactive Brokers vs Abshire Smith:
Table Of Contents
- Compare Interactive Brokers vs Abshire Smith
- Benefits of Interactive Brokers and Abshire Smith Compared
- Abshire Smith and Interactive Brokers Mobile App Comparison
- Interactive Brokers vs Abshire Smith - Awards
- Interactive Brokers vs Abshire Smith - Frequently Asked Questions
- What is the minimum deposit for Abshire Smith or Interactive Brokers
- Interactive Brokers vs Abshire Smith - Regulation And Licencing In More Detail
- Compare Broker Fees For Interactive Brokers And Abshire Smith
- What Languages Do Interactive Brokers And Abshire Smith Support?
- How Many Clients Do Interactive Brokers and Abshire Smith Have?
- What Payment Methods Do Interactive Brokers and Abshire Smith Accept?
- What Can You Trade With Interactive Brokers and Abshire Smith?