Tiger.Trade vs Interactive Brokers
Tiger.Trade or Interactive Brokers – which is better for UK traders 2024? Compare Tiger.Trade and Interactive Brokers in this detailed breakdown of their platforms, features and fees.
| Tiger.Trade | Interactive Brokers |
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| Tiger.Trade is ranked #117 among UK brokers. | Interactive Brokers is ranked #8 among CFD brokers. |
| Tiger.Trade is a Swiss DeFi broker with nearly 200,000 clients and a competitive range of features, trading conditions and tools. The FINMA-regulated firm provides 24/7 customer support and access to several proprietary platforms. | Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe. |
| Pros | |
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| Cons | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| Stocks, Forex, Cryptos, Futures, Options | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $0 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | $100 |
| Regulator | |
| FINMA | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 1.55 - 2.59% | |
| MetaTrader 4 | |
| No | No |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | Yes |
| OmniTrader | |
| No | Yes |
| TradingView | |
| Yes | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | Yes |
| Trading Central | |
| No | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | No |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | Yes |
| Robo Advisor | |
| No | Yes |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Auto Trading | |
| Yes (copy trading) | Capitalise.ai & TWS API |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| The Tiger.Trade copy trading app offers detailed performance metrics on Top Traders. Users can get started with $100. | |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. | |
| Leverage | |
| 1:50 | |
| FTSE Spread | |
| 0.005% (£1 Min) | |
| GBPUSD Spread< | |
| 0.08-0.20 bps x trade value | |
| Oil Spread | |
| 0.25-0.85 | |
| Stocks Spread | |
| 0.003 | |
| Forex | |
| Tiger.Trade clients can use the company's Windows and MacOS copy trading platforms to speculate on a range of currency pairs. On the downside, the 10% commission rate is higher than some alternatives. | IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. |
| Assets | |
| 100+ | |
| GBPUSD Spread | |
| Variable | 0.08-0.20 bps x trade value |
| EURUSD Spread | |
| Variable | 0.08-0.20 bps x trade value |
| EURGBP Spread | |
| Variable | 0.08-0.20 bps x trade value |
| Cryptocurrency | |
| Tiger.Trade is primarily a crypto broker, linking with Binance and six other exchanges to offer a wide array of cryptocurrency tokens at market prices with a software charge of $400pa (or $1,500 for lifetime access). | IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. |
| Spread | |
| Variable | 0.12%-0.18% |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Tiger.Trade | Interactive Brokers |
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