Forex EE
Interactive Brokers
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while Interactive Brokers was established in 1977 and is based in United States. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while 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 among others. Forex EE serves 10,000+ clients worldwide; Interactive Brokers has 1,000,000+. The minimum deposit is $100 at Forex EE and $1 at Interactive Brokers.
| Feature | Forex EE | Interactive Brokers |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Ministry of Economic Affairs in Estonia | 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). |
| Founded | 2008 | 1977 |
| Country | Grenadines | United States |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and Interactive Brokers, directly affecting your bottom line as a trader. Interactive Brokers has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Forex EE). Both brokers charge withdrawal fees. Overall, Interactive Brokers scores higher on fees in our assessment.
| Feature | Forex EE | Interactive Brokers |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Forex EE offers MT5, cTrader, while Interactive Brokers supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Interactive Brokers supports social and copy trading features, which Forex EE does not offer. Interactive Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | Interactive Brokers |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | Web Trader, NinjaTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex EE and Interactive Brokers compare. Interactive Brokers runs regular live webinars; Forex EE does not. Both provide video tutorials. Interactive Brokers publishes daily market commentary; Forex EE does not. Both integrate third-party research tools. Interactive Brokers maintains an archive of past webinars for on-demand viewing. Interactive Brokers scores higher overall in education and research.
| Feature | Forex EE | Interactive Brokers |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex EE accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Interactive Brokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex EE | Interactive Brokers |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Forex EE and Interactive Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Forex EE | Interactive Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |