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XTB vs Interactive Brokers
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Compare XTB vs Interactive Brokers Side by Side
Can’t pick between XTB and Interactive Brokers and have doubts of which broker is actually better? Use our detailed guide of XTB Review vs Interactive Brokers Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | XTB | Interactive Brokers |
|---|---|---|
| Website | //www.xtb.com | //www.interactivebrokers.co.uk |
| Founded year | 2002 | 1977 |
| Headquarter | UK | USA |
| Licenses | UK, Poland, Belize, Spain | USA, Canada, Australia, UK, Hong Kong, Japan, India |
| Minimum Deposit | US$ 0 | 100 US$ |
| Trading Platforms | MT4, xStation 5 | TWS, IB WebTrader |
| Eurusd avg Spread | 0.8 pips | 0.3 pips |
Licenses
| Feature | XTB | Interactive Brokers |
|---|---|---|
| Licenses Countries Info (short) |
|
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Interactive Brokers definitely has an obvious advantage when it comes to licensing, as it holds multiple licenses from top-tier regulators in the UK, US, and Australia, increasing its traders’ audience and providing services in more regions. While XTB holds UK license and additional in Poland, Spain, and Belize.
Broker Types
| Feature | XTB | Interactive Brokers |
|---|---|---|
| Broker types |
|
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Interactive Brokers is a DMA broker that provides execution, clearance, settlement, and prime brokerage for customers executing orders directly to the marker using electronic Bridges connected directly to Exchanges like NASDAQ and others, therefore offering trading of Real Stocks, Futures and Indices Trading. And XTB is an STP/NDD Broker is better for price transparency.
Trading Conditions
| Feature | XTB | Interactive Brokers |
|---|---|---|
| Trading Conditions |
|
|
In terms of trading conditions, XTB provides a broader spectrum of options tailored to beginners, encompassing a diverse array of trading strategies such as scalping, hedging, and social trading. Conversely, Interactive Brokers delivers a more advanced trading experience, featuring API trading, making it better suited for experienced traders.
Fees & Commissions
| Fees & Commissions | XTB | Interactive Brokers |
|---|---|---|
| Inactivity Feemonth | $10 | 0$ |
| Deposit fee | 0 $ | 0$ |
| Withdrawal fee | 0 $ | 0$ |
| Rollover fee eurusd buy 1 lot | -0.000940% | -1.5% |
| Rollover fee eurusd sell 1 lot | +0.004617% | +1.5% |
| Avg Eurusd standard acc | 0.8 pips | 0.3 pips |
| Gold | 35 | 1.5 bps |
| Brent oil | 4 | 0.05% |
| Bitcoin | 1% | 0.12-0.18% |
Interactive Brokers offers a highly competitive fee structure with low spreads and no non-trading fees like inactivity fees or deposit/withdrawal fees, positioning it as one of the most competitive brokers in the industry. In contrast, XTB offers spreads below the industry average but does impose an inactivity fee, starting at $10 per month after 12 months of inactivity, making Interactive Brokers more attractive for traders who want to avoid non-trading fees.
Account Types
| Feature | XTB | Interactive Brokers |
|---|---|---|
| Account types |
|
|
While both XTB vs Interactive Brokers offer Standard accounts, Interactive Brokers have a slight advantage here for offering more than 10 account types based on traders needs and peculiarities, such as Family Accounts, Small Business Accounts, Proprietary Trading Group Accounts, etc
Markets & Instruments
| Markets & Instruments | XTB | Interactive Brokers |
|---|---|---|
| Forex | 57 | 100+ |
| Indices | 42 | ✔️ |
| Commodities | 1849 | ✔️ |
| Cryptocurrencies | 25 | 4 |
| Shares | 1849 | 70+ |
| Bonds | ❌ | ✔️ |
| Options | ❌ | ✔️ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ✔️ |
| Etfs | 119 | 13000 |
Interactive Brokers offers a more sophisticated product range compared to XTB, including Options, Bonds, and Futures, also trading of both CFD products and Real Stocks, Futures Indices which are not available on XTB’s platform. Additionally, Interactive Brokers provides a larger selection of ETFs. However, when considering other product types, XTB clearly takes the lead in terms of quantity.
Trading Platforms
| Feature | XTB | Interactive Brokers |
|---|---|---|
| Platforms |
|
|
Both XTB and Interactive Brokers offer proprietary Trading Platforms, and both offer additional platforms like MetaTrader4 for XTB and WebTrader for InteractiveBrokers. Interactive Brokers platforms are more designed for experienced traders preferring more advanced technical solutions with API trading, While XTB offering is more catered towards beginner traders
Deposit & Withdrawal Methods
| Feature | XTB | Interactive Brokers |
|---|---|---|
| Payment methods |
|
|
The range of supported deposit methods is more diverse for XTB traders since the broker offers a variety of e-payment methods, while Interactive Brokers offers credit/debit cards and one e-wallet.
Others
| Feature | XTB | Interactive Brokers |
|---|---|---|
| Others |
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Others
The level of customer support for both brokers stays at a high level and satisfies all the traders needs when it comes to live chats, phones, emails, etc. Both brokers developed comprehensive educational materials including webinars, learning guides and other supporting sources. While a big advantage of Interactive Brokers is its Trading Academy as well as numerous Apps, widgets, or progressive software.
Conclusion on Interactive Brokers vs XTB
Concluding XTB vs Interactive Brokers comparison we found both brokers reliable and trustable with solid regulation and background. Interactive Broker is more suitable for advanced-level traders preferring sophisticated technical solutions great for Investment and Trading or Real Stocks and Futures. While those prefer MT4 platform might go for XTB and overall XTB is more catered towards beginners traders and CFD trading. Bonds and Options Traders should also consider Interactive Brokers since XTB doesn’t offer these products. Here is our final recommendation:
- XTB – 🥇 Best MT4 STP Broker that guarantees a true STP Trading environment and delivers fair dealing conditions.
- Interactive Brokers – 🥇 Best Broker for API Trading offering advanced technical solutions
