FXOpenvs
Interactive BrokersForex Broker Comparison
Two brokers with strengths face off on regulation, costs, and platform choice. FXOpen emphasizes ECN pricing and MT4/MT5 access, while Interactive Brokers offers broad global markets and a proprietary platform.
Our Verdict
Interactive Brokers winsby 0.4 pts
Interactive Brokers edges FXOpen on the editorial score, reflecting a higher overall rating across trust, fees, platforms, and support.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXOpen offers MT4/MT5 and cTrader; Interactive Brokers does not.
- 2FXOpen has ~700 instruments; Interactive Brokers offers ~17,000+.
- 3Interactive Brokers provides phone support; FXOpen lacks phone support.
Who should choose FXOpen vs Interactive Brokers?
Find out which broker best suits your trader profile.
Choose FXOpen if…
Choose FXOpen if you want MT4/MT5 and cTrader access with ECN pricing.
Choose Interactive Brokers if…
Choose Interactive Brokers if you need global market access and a proprietary platform.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FXOpen offers tighter spreads from 0.00 pips vs 0.20 pips for Interactive Brokers, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FXOpen vs Interactive Brokers: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5 | 4.8 / 5▲ |
FXOpen vs Interactive Brokers Forex Broker Pros & Cons
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
FXOpen vs Interactive Brokers: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FXOpen
criteria wins
2
Interactive Brokers
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | Interactive Brokers |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
FXOpen vs Interactive Brokers: Frequently Asked Questions
The scores are close: FXOpen rates 4.2/5 and Interactive Brokers rates 4.6/5. Interactive Brokers has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FXOpen starts from 0 pips, tighter than Interactive Brokers's 0.2 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Interactive Brokers has no minimum deposit, while FXOpen requires at least $100. This makes Interactive Brokers more accessible for traders with limited starting capital.
Both FXOpen and Interactive Brokers hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Interactive Brokers has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXOpen lists maximum leverage of 500:1, while Interactive Brokers lists up to 50:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Interactive Brokers charges $2 per lot, lower than FXOpen's $3 per lot. Lower commissions benefit active traders who execute many trades per day.
FXOpen supports cTrader, MetaTrader 5, MetaTrader 4, while Interactive Brokers supports Trader Workstation (TWS), Proprietary Web/Mobile. FXOpen has exclusive access to cTrader and MetaTrader 5 and MetaTrader 4. Interactive Brokers has exclusive access to Trader Workstation (TWS) and Proprietary Web/Mobile.
