TradingCritique

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Interactive Brokers vs FXCM : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Interactive Brokers

Interactive Brokers

VS
FXCM

FXCM

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

Market maker

Years of Existence / Established Year

1993

1999

Customer Base / Number of Accounts

3.12M

No information


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Regulation & Security

Regulations (governing bodies)

SEC, FINRA, NYSE, FCA, FINMA, CFTC, MAS, SFC, CBI, IIROC, JFSA, MiFiD

FCA, CySEC, ASIC, FSCA, ISA

Awards Won (count for the last 2 years)

Best Online Broker for Advanced Traders in 2024, Professional Trading 2024, #1 Best Online Broker in 2023, Best for Advanced Traders, Best Online Broker in 2024, Best Stock Broker for International Trading

Best In Class 2024 - ForexBrokers.com

Security Measures

SIPC

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

150 Markets including Forecast and event contracts, Spot currencies,US spot Gold, Hedge funds

10,000+ trading instruments shares

Currency Pairs

Yes

Yes

Commodities

No

Yes

Indices

No

Yes

Cryptocurrencies

Yes

Yes

CFDs

No

Yes

ETFs

Yes

No

Stocks

Yes

No

Options

Yes

No

Futures

Yes

No

Bonds

Yes

No

Mutual Funds

Yes

No

Fractional Shares

No

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

No

cTrader

No

No

Social Trading

No

Yes

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

IBKR global Trader, Client Portal, Desktop, Mobile, Trader workstation, APIs, Forecast Trader, IMPACT

Trading station, Trading View Pro

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Individual, Joint, Trust, IRA and UGMA/UTMA Accounts, Non-Professional Advisor Accounts, Family Office Accounts, Small Business Accounts, Advisor Accounts, Money Manager Accounts, Broker & FCM Accounts, Proprietary Trading Group Accounts, Hedge Fund & Mutual Fund Accounts, Compliance Officers, Administrators, Institutional Hedge Fund Investors

Standard, Active trading, Spread betting, Professional

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

Yes

Yes

Minimum Deposit

$0

$50

Leverage Available

10:1 to 50:1

30:1 to 1000:1

Trade Limit (maximum per trade)

EUR 5,000,000

50 million per trade

Commission (per account type)

$0

$ 4 / lot

Best Suited For (e.g., beginners, experienced traders)

Beginner to advanced traders

Active and experienced traders


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Deposit & Withdrawal Options

Deposit Methods

ACH transfer, Link a new bank account, Bank wire, Transfer from wise balance, Scan a check , Mail a check, SEPA

Debit/Credit Card Via mobile app, Bank wire, China online payment, Crypto

Withdrawal Methods

ACH, Check, Direct debit, Transfer to wise balance, Canadian ETF transfer, SEPA

Debit/Credit Card, Bank Wire, Local Bank Transfer, and Online Bank Transfer.

Other E-Wallets Supported

No

Skrill, Neteller, Google pay, Apple pay


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Traders' Academy (Online Courses), IBKR Webinars, Market Insights and Analysis, Trader's University (Video Tutorials), IBKR Quant Blog (Quantitative Trading), Customer Education (Trading Guides)

Education, Trading Guides, Trading Tools, Research


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Fees & Commissions

Trading-Related Fees

IBKR Lite: Commission-free U.S. stocks, ETFs, and specific mutual funds, IBKR Pro: $0.005 per share, minimum $1 per trade

Spread- 1.3 pips

Spread (typical, fixed, variable)

Fixed spread

Typical

Per Lot Fees

NA

NA

Options Contract Fees

$0.65/contract

NA

Futures Contract Fees

$0.85

NA

Markup Fees on Spread

$1.50

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

50:1

1000:1


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Non-Trading Fees

Dormant Fees

$0

$50

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

It depends up on the account type

$30

Swap Fees (Overnight Financing)

over $10 million free

No

Statement or Document Fee

NA

NA

Account Opening Fee

$0

$0

Account Maintenance Fee

$0

$25

Deposit Fee

$0

$0

Currency Conversion Fee

$0.03

$0

Withdrawal Fee

$10 outgoing wire transfer fee

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

No


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Trading Hours

Trading Hours (for each asset class if applicable)

9:30 AM - 4:00 PM ET, Monday through Friday Overnight trading hours: 8:00 PM ET - 3:50 AM ET, Sunday through Friday

Varies by product


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/7

24/5

Customer Support Methods (phone, email, live chat)

Phone: 1 (888) 919-0022, E-mail: [email protected], Live chat

WhatsApp: +44 7537 432259 (message only), Email: [email protected], Live chat, Request a call

Support Languages

33

7


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Additional Information

Headquarters Location

Greenwich, Connecticut

London, United Kingdom

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
Both Interactive Brokers and FXCM offer affordable fee structures, but Interactive Brokers generally edges out with no inactivity fees and lower commissions on standard trades, whereas FXCM shines with bundled research and platform access.
Interactive Brokers uses a digital-first onboarding approach with clear instructions and fast ID verification. FXCM goes a step further with manual checks and optional account tiers, ideal for serious professionals.
If you're trading on-the-go, Interactive Brokers mobile platform is fluid and intuitive. FXCM desktop and web apps are more robust, making them suitable for in-depth trading sessions.
Interactive Brokers delivers a robust ecosystem for seasoned traders, whereas FXCM focuses on ease of access and modern usability.