Interactive Brokers vs XTB
Interactive Brokers or XTB – which is better for UK traders 2023? Compare Interactive Brokers and XTB in this detailed breakdown of their platforms, features and fees.
Interactive Brokers | XTB |
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Interactive Brokers is ranked #6 among CFD brokers. | XTB is ranked #2 among CFD brokers. |
Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources. | XTB is one of the largest stock exchange-listed forex and CFD brokers in the world, offering access to over 5800 instruments on their xStation platform. They boast 700,000 active traders, 20 years experience and authorization from tier-one regulators, including the UK's FCA. |
81% of retail accounts lose money. | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | Yes |
Instruments | |
CFD, Forex, Crypto, Stocks, Futures, E-minis, Options | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $0 |
Payment Methods | |
Minimum Trade | |
$100 | 0.01 Lots |
Regulator | |
SEC, FCA, IIROC, SFC | FCA, CySEC, IFSC, KNF, DFSA |
Margin Trading | |
Yes | Yes |
Margin Rate | |
1.55 - 2.59% | 4.5% |
MetaTrader 4 | |
No | No |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
Yes | No |
OmniTrader | |
Yes | No |
TradingView | |
No | No |
Autochartist | |
No | No |
eSignal | |
Yes | No |
Trading Central | |
Yes | No |
STP Account | |
Yes | Yes |
ECN Account | |
No | No |
DMA Account | |
Yes | No |
MAM Account | |
Yes | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
Yes | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS, Android and Windows | iOS, Android & Windows |
Auto Trading | |
Yes | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | Yes |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Inactivity Fee | |
$0 | $0 |
Islamic Account | |
No | Yes |
Account Currencies | |
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Commodities | |
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CFD | |
Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements. | Trade a large suite of 2100 CFDs with ultra-fast execution speeds and 24-hour trading. You can build a diverse portfolio with access to forex, indices, commodities, cryptos, stocks and ETFs. Retail traders also get negative balance protection and zero commissions. |
Leverage | |
1:50 | 1:30 |
FTSE Spread | |
0.005% (£1 Min) | 0.08% |
GBPUSD Spread< | |
Commission (.20 pts x trade value) | 0.1 pips |
Oil Spread | |
N/A | 0.03 pips |
Stocks Spread | |
From 0.003 per share, variable | 0.2% variable |
Forex | |
Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor. | Trade 48 currency pairs with low spreads from 0.1 pips and leverage up to 1:30 (EU) and 1:500 (Global). Micro lot trading is also available and new currency traders can make near-instant deposits with no fees. |
Assets | |
70+ | 45+ |
GBPUSD Spread | |
Commission (.20 pts x trade value) | 0.1 |
EURUSD Spread | |
Commission (.20 pts x trade value) | 0.2 |
EURGBP Spread | |
Commission (.20 pts x trade value) | 0.1 |
Forex App | |
With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here. |
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Cryptocurrency | |
Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets. | XTB offers an excellent range of crypto markets, all with competitive spreads. They also offer intra-crypto pairs such as ETH/BTC and DSH/BTC. Cryptos can be traded 24/7 in a secure environment with transparent accounts. |
Spread | |
Variable | From 0.22% |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Interactive Brokers | XTB |
81% of retail accounts lose money. | |
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