Interactive Brokers — where it wins, where it loses
Interactive Brokers wins on no minimum deposit, regulatory reach, platform choice. No column in our set puts it behind the field. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
- no minimum deposit
- regulatory reach
- platform choice
Loses on
No column in this set puts Interactive Brokers behind the field.
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| SEC/CFTC/NFA | NFA ID 0258600 | USA | Tier 1 | Interactive Brokers LLC | nfa.futures.org |
| FCA | 208159 | UK | Tier 1 | Interactive Brokers (U.K.) Limited | interactivebrokers.com |
| Central Bank of Ireland | C423427 | Ireland | Tier 1 | Interactive Brokers Ireland Limited | registers.centralbank.ie |
| ASIC | AFSL 453554 | Australia | Tier 1 | Interactive Brokers Australia Pty Ltd | interactivebrokers.com |
Checkable
Facts the comparison runs on
On the record
- A detail the marketing page skips: IBKR prices spot FX on a commission basis (quoted in basis points of trade value) rather than a marked-up spread.
| Trading since | 1978 |
|---|---|
| Base | Greenwich, Connecticut, USA |
| Minimum to open | None |
| Leverage cap | 1:30 (UK/EU retail); 1:50 (US majors) |
| EUR/USD | not verified |
| Terminals | Trader Workstation (TWS), IBKR Desktop, Client Portal, IBKR Mobile, API/FIX |
| Account tiers | IBKR Lite (US), IBKR Pro, Institutional |
| Record confidence | high |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- a typical EUR/USD spread IBKR charges commission on raw interbank quotes, so no comparable single spread figure is published is missing, so it is excluded from every comparison on this page.
- negative balance protection applies to UK/EU retail entities under regulatory rules; not verified for all entities is missing, so it is excluded from every comparison on this page.
Costs less
Who beats Interactive Brokers on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
ActivTrades
$50.00 per 10 lots · wins on headline spread, no minimum deposit, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.