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AvaTrade vs Interactive Brokers
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Compare AvaTrade vs Interactive Brokers Side by Side
Can’t pick between AvaTrade and Interactive Brokers and have doubts of which broker is actually better? Use our detailed guide of AvaTrade Review vs Interactive Brokers Review, where we compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details side by side.
Summary
| Feature | AvaTrade | Interactive Brokers |
|---|---|---|
| Website | //www.avatrade.com | //www.interactivebrokers.co.uk |
| Founded year | 2006 | 1977 |
| Headquarter | Ireland | USA |
| Licenses | Ireland, Australia, Japan, South Africa, UAE, British Virgin Islands, Japan, Cyprus, Israel | USA, Canada, Australia, UK, Hong Kong, Japan, India |
| Minimum Deposit | US$ 100 | 100 US$ |
| Trading Platforms | MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial | TWS, IB WebTrader |
| Eurusd avg Spread | 0.87 pips | 0.3 pips |
Licenses
| Feature | AvaTrade | Interactive Brokers |
|---|---|---|
| Licenses Countries Info (short) |
|
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AvaTrade and Interactive Brokers are both regulated in Australia and possess EU licenses. In addition to their Australian and EU regulatory status, both brokers also maintain a strong presence in various other respected jurisdictions, including Japan and Cyprus. This global reach ensures that their services are robust and accessible to traders worldwide. However, Interactive Brokers additionally offers its services to US and UK traders.
Broker Types
| Feature | AvaTrade | Interactive Brokers |
|---|---|---|
| Broker types |
|
|
Interactive Brokers uses various execution models, acting as a DMA broker for some assets and employing electronic bridges, STP, and OTC models for others, depending on the asset type. In contrast, AvaTrade, functioning primarily as a Market Maker, caters to a wide range of traders, offering stability through fixed fees or spreads to maintain consistent trading costs.
Trading Conditions
| Feature | AvaTrade | Interactive Brokers |
|---|---|---|
| Trading Conditions |
|
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While AvaTrade may be a suitable choice for beginners due to its copy trading features, Interactive Brokers distinguishes itself with its more advanced trading conditions, offering a wider range of features including options like API trading, making it an ideal choice for experienced traders. Both brokers, however, provide competitive spreads.
Fees & Commissions
| Fees & Commissions | Avatrade | Interactive Brokers |
|---|---|---|
| Inactivity Feemonth | 0 $ | 0$ |
| Deposit fee | 0 $ | 0$ |
| Withdrawal fee | 0 $ | 0$ |
| Rollover fee eurusd buy 1 lot | -0.0058% | -1.5% |
| Rollover fee eurusd sell 1 lot | 0.0058% | +1.5% |
| Avg Eurusd standard acc | 0.87 pips | 0.3 pips |
| Gold | 40 | 1.5 bps |
| Brent oil | 3 pips | 0.05% |
| Bitcoin | 0.75% | 0.12-0.18% |
Both AvaTrade and Interactive Brokers feature low fees, encompassing zero commission for deposits and withdrawals, as well as zero inactivity fees. While Interactive Brokers offers comparatively lower spreads when compared to AvaTrade.
Account Types
| Feature | AvaTrade | Interactive Brokers |
|---|---|---|
| Account types |
|
|
AvaTrade offers three account types for different trading needs, while Interactive Brokers provides over 10 account types, including options like Family Accounts and Small Business Accounts, to cater to diverse trader preferences. Both brokers also offer Islamic Accounts for those following Shia Laws.
Markets & Instruments
| Markets & Instruments | AvaTrade | Interactive Brokers |
|---|---|---|
| Forex | 55 | 100+ |
| Indices | 23 | ✔️ |
| Commodities | 29 | ✔️ |
| Cryptocurrencies | 14 | 4 |
| Shares | 614 | 70+ |
| Bonds | 2 | ✔️ |
| Options | ❌ | ✔️ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ✔️ |
| Etfs | 59 | 13000 |
Compared to AvaTrade, Interactive Brokers offers a more diverse range of instruments, including Real Stocks and Futures, in addition to trading CFDs on Currencies, Bonds, Futures, and Options products. Interactive Brokers also boasts a larger selection of ETFs, whereas AvaTrade’s range of instruments remains relatively limited.
Trading Platforms
| Feature | AvaTrade | Interactive Brokers |
|---|---|---|
| Platforms |
|
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Both AvaTrade and Interactive Brokers offer their proprietary trading platforms, with AvaTrade also providing options like MT4, MT5, and Webtrader, while Interactive Brokers offers WebTrader. Interactive Brokers’ platforms cater to experienced traders seeking advanced technical solutions, including API trading. In contrast, AvaTrade’s offerings are geared more toward beginner traders, prioritizing user-friendliness and accessibility.
Deposit & Withdrawal Methods
| Feature | AvaTrade | Interactive Brokers |
|---|---|---|
| Payment methods |
|
|
Interactive Brokers has a more limited range of supported deposit methods, offering only credit/debit cards and a single e-wallet. In contrast, AvaTrade offers a wider variety of e-payment methods, providing traders with a more diverse selection for their convenience.
Others
| Feature | AvaTrade | Interactive Brokers |
|---|---|---|
| Others |
|
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Others
Both AvaTrade and Interactive Brokers excel in customer support, but AvaTrade falls short in this aspect by offering a rather limited range of educational materials and no comprehensive trading course. On the other hand, Interactive Brokers takes a more advanced approach, providing a robust Trading Academy that enhances traders’ knowledge through comprehensive materials, tutorials, webinars, and a diverse array of apps, widgets, and advanced software solutions.
Conclusion on Interactive Brokers vs AvaTrade
Concluding, both AvaTrade and Interactive Brokers are reputable brokers with solid regulatory backgrounds, offering competitive fees and a range of trading platforms. However, AvaTrade stands out with its copy trading option, while Interactive Brokers caters more to advanced traders, particularly those interested in real stocks and futures. Here is our final recommendation:
- AvaTrade –
Best Online Forex Trading Experience for offering high-tech access to an expanded range of instruments and multiple platforms. - Interactive Brokers – 🥇 Best Broker for Investment offering a wide range of trading instruments
