Interactive Brokers vs XTB: Comparison and Analysis

Interactive Brokers vs XTB: A Comparison Summary

When it comes to choosing a broker, it’s important to consider various factors such as security, demo account, account opening, social-copy trading, markets, trading fees, platforms, education, and customer care. In this comparison, we’ll take a look at Interactive Brokers and XTB, two popular brokers in the industry.

Security

Interactive Brokers is regulated by several EU regulators, including FCA, ASIC, HKSFC, SEBI, and more, and has a security rating of 95. On the other hand, XTB is regulated by CySEC, FCA, KNF, IFSC, DFSA, and FSCA and also has a security rating of 95.

Demo Account

Interactive Brokers offers an unlimited demo account with virtual funds of $1,000,000, which can be restored by contacting customer support. XTB’s demo account has a duration of 30 days with virtual funds of $100,000, which can be renewed indefinitely.

Account Opening

Interactive Brokers has no minimum deposit requirement but requires at least $2,000 to trade with margin. It offers over 25 base currencies, and various payment methods such as wire transfers, credit/debit cards, and eWallets. XTB has no minimum deposit requirement, offers three account types, and accepts GBP, EUR, and USD as account currencies. It accepts wire transfers, credit/debit cards, and eWallets as payment methods.

Social-Copy Trading

Interactive Brokers does not offer any kind of social-copy trading features, while XTB also does not provide any social or copy trading features.

Markets

Interactive Brokers offers a wide range of trading assets such as forex, commodities, crypto assets, stocks, ETFs, futures, and options. On the other hand, XTB offers forex, commodities, indices, crypto assets, stocks, and ETFs, and every asset is offered as a CFD.

Trading Fees

Interactive Brokers has variable spreads, and the commissions per lot traded can go up to $7. It offers very low stock commissions and no commissions on stocks and ETFs with the IBKR Lite Plan. XTB has variable spreads, with stock commissions starting from zero, and a commission of 0.2% on real stocks and ETFs for EU clients on a monthly volume of up to EUR 100,000.

Platforms

Interactive Brokers offers a proprietary trading platform available as desktop, webtrader, and mobile, and all the platforms allow algo trading. It also offers VPS services, FIX API, and TWS API integration. XTB offers a user-friendly and intuitive proprietary trading platform, xStation, available via web and mobile devices.

Education/Customer Care

Both brokers offer a wide range of educational materials such as tutorial videos, FAQs, blog articles, ebooks, trading videos, seminars, and more. They also offer easy-to-contact customer support via phone, email, and live chat in multiple languages.

Conclusion

In summary, Interactive Brokers and XTB are both reputable brokers that offer various features for traders. Interactive Brokers offers a wider range of markets and trading assets, and a more advanced trading platform, while XTB offers lower commissions on real stocks and ETFs, and a user-friendly trading platform. Traders can choose the broker that best suits their needs based on their preferences and priorities.