FXTMvs
Interactive BrokersForex Broker Comparison
Two brokers vie for traders across regulation, cost, and platforms. FXTM emphasizes accessible deposits and MT4/MT5, while Interactive Brokers highlights global market access and advanced tools.
Our Verdict
Interactive Brokers winsby 0.4 pts
Interactive Brokers edges FXTM on editorial score, due to stronger trust/regulation ratings and access to far more instruments (17000 versus 600).
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXTM has 600 instruments; Interactive Brokers offers 17,000.
- 2FXTM uses MT4/MT5; Interactive Brokers uses a proprietary platform.
- 3Min deposit: FXTM $10; Interactive Brokers $0.
Who should choose FXTM vs Interactive Brokers?
Find out which broker best suits your trader profile.
Choose FXTM if…
Choose FXTM if you want a low $10 minimum deposit and MT4/MT5 with FXTM Invest copy trading.
Choose Interactive Brokers if…
Choose Interactive Brokers if you want zero minimum deposit and access to 150+ global markets via 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
Interactive Brokers offers tighter spreads from 0.20 pips vs 1.50 pips for FXTM, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FXTM 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 | 4.2 / 5 | 4.8 / 5▲ |
FXTM vs Interactive Brokers Forex Broker Pros & Cons
Pros
Low $10 minimum deposit on Micro accounts
Strong copy trading via FXTM Invest platform
Extensive education, webinars, video courses, and market analysis
Multilingual support in 20+ languages
Regulated by top-tier authorities (FCA, ASIC, CySEC)
FXTM vs Interactive Brokers: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FXTM
criteria wins
2
Interactive Brokers
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXTM | 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 | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FXTM vs Interactive Brokers: Frequently Asked Questions
The scores are close: FXTM 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.
Interactive Brokers starts from 0.2 pips, tighter than FXTM's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Interactive Brokers has no minimum deposit, while FXTM requires at least $10. This makes Interactive Brokers more accessible for traders with limited starting capital.
Both FXTM 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.
FXTM lists maximum leverage of 1000:1, 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 on commission-based accounts. Commission details for FXTM are not currently available. Check their website for up-to-date pricing.
FXTM supports MetaTrader 5, MetaTrader 4, while Interactive Brokers supports Trader Workstation (TWS), Proprietary Web/Mobile. FXTM has exclusive access to MetaTrader 5 and MetaTrader 4. Interactive Brokers has exclusive access to Trader Workstation (TWS) and Proprietary Web/Mobile.
