FreshForex
Interactive Brokers
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while Interactive Brokers was established in 1977 and is based in United States. FreshForex holds licences including SVGFSA 20623 IBC 2012, 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. FreshForex serves 710,000+ clients worldwide; Interactive Brokers has 1,000,000+. Both brokers share the same minimum deposit of $1.
| Feature | FreshForex | Interactive Brokers |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Regulation | SVGFSA 20623 IBC 2012 | 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 | 2004 | 1977 |
| Country | Russia | United States |
| Clients | 710,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and Interactive Brokers, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. Interactive Brokers charges withdrawal fees while FreshForex does not, giving FreshForex an edge for frequent withdrawers. The two brokers are broadly comparable on fee structure.
| Feature | FreshForex | Interactive Brokers |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | Yes |
Platforms
FreshForex offers MT4, MT5, a proprietary platform, while Interactive Brokers supports MT4, MT5, cTrader, a proprietary platform. Both brokers support copy or social trading, catering to less hands-on investors. Interactive Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | FreshForex | Interactive Brokers |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | 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 FreshForex and Interactive Brokers compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Interactive Brokers integrates third-party research tools (Trading Central, Autochartist); FreshForex does not. Archived webinars are available at both brokers for self-paced learning. Interactive Brokers scores higher overall in education and research.
| Feature | FreshForex | Interactive Brokers |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while Interactive Brokers supports 2 (bank transfer, credit/debit card). FreshForex uniquely supports Skrill and Neteller among the two brokers. FreshForex scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | Interactive Brokers |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FreshForex and Interactive Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and Interactive Brokers supports 2, giving Interactive Brokers broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | Interactive Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |