Interactive Brokers
test broker
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Overview
Interactive Brokers and test broker are both established, regulated brokers. Interactive Brokers serves 1,000,000+ clients worldwide.
| Feature | Interactive Brokers | test broker |
|---|---|---|
| Min. Deposit | $1 | Not available |
| Regulation | 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). | Not available |
| Founded | 1977 | Not available |
| Country | United States | Not available |
| Clients | 1,000,000+ | Not available |
Fees
Fees are a critical factor when choosing between Interactive Brokers and test broker, directly affecting your bottom line as a trader. Overall, Interactive Brokers scores higher on fees in our assessment.
| Feature | Interactive Brokers | test broker |
|---|---|---|
| Min. Deposit | $1 | Not available |
| Withdrawal Fees | Yes | Not available |
| Inactivity Fees | No | Not available |
| Deposit Fees | No | Not available |
| CFD Fees | Yes | Not available |
Platforms
Interactive Brokers offers a mobile trading app; mobile availability for test broker is limited. Interactive Brokers supports social and copy trading features, which test broker does not offer. Interactive Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Interactive Brokers | test broker |
|---|---|---|
| MT4 | Yes | Not available |
| MT5 | Yes | Not available |
| cTrader | Yes | Not available |
| Windows App | Yes | Not available |
| iOS App | Yes | Not available |
| Android App | Yes | Not available |
| Trading Platforms | Web Trader, NinjaTrader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Interactive Brokers and test broker compare. Interactive Brokers runs regular live webinars; test broker does not. Interactive Brokers has a video library; test broker does not. Interactive Brokers publishes daily market commentary; test broker does not. Interactive Brokers integrates third-party research tools (Trading Central, Autochartist); test broker does not. Interactive Brokers maintains an archive of past webinars for on-demand viewing. Interactive Brokers scores higher overall in education and research.
| Feature | Interactive Brokers | test broker |
|---|---|---|
| Forex Education | Yes | Not available |
| CFD Education | Yes | Not available |
| Weekly Webinars | Yes | Not available |
| Daily Commentary | Yes | Not available |
| Trading Central | Yes | Not available |
| Autochartist | Yes | Not available |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Interactive Brokers uniquely supports bank transfer and credit/debit card among the two brokers. Interactive Brokers scores higher on deposit and withdrawal flexibility.
| Feature | Interactive Brokers | test broker |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Interactive Brokers offers live chat; test broker does not, making Interactive Brokers easier to reach in real time. Interactive Brokers offers phone support; test broker does not. Interactive Brokers offers email support; no email support was found for test broker. Interactive Brokers offers multilingual support. Interactive Brokers scores higher overall on customer support in our assessment.
| Feature | Interactive Brokers | test broker |
|---|---|---|
| Live Chat | Yes | Not available |
| Phone Support | Yes | Not available |
| Email Support | Yes | Not available |
| Languages | English, and Chinese | Not available |