TradingCritique

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EC Markets vs Interactive Brokers

Broker Name

EC Markets

EC Markets

VS
Interactive Brokers

Interactive Brokers

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Broker Overview

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

STP broker

Market maker

Years of Existence / Established Year

2011

1993

Customer Base / Number of Accounts

No information

3.12M


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Regulation & Security

Regulations (governing bodies)

FSA,FCA, FSC

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

Awards Won (count for the last 2 years)

Best Trading Liquidity Award, Best Customer Awards

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

Security Measures

FSCS

SIPC

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+

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

Currency Pairs

Yes

Yes

Commodities

Yes

No

Indices

Yes

No

Cryptocurrencies

Yes

Yes

CFDs

No

No

ETFs

No

Yes

Stocks

No

Yes

Options

No

Yes

Futures

No

Yes

Bonds

No

Yes

Mutual Funds

No

Yes

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

Yes

No

MT5

Yes

No

cTrader

No

No

Social Trading

Yes

No

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

No

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

Platform Compatibility (Windows, Mac, iOS, Android)

Yes except Mac

Yes


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Account Types & Conditions

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

Standard and ECN accounts

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

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

$10

$0

Leverage Available

200:1 to 500:1

10:1 to 50:1

Trade Limit (maximum per trade)

Unlimited

EUR 5,000,000

Commission (per account type)

$0 for standard account, $5 per lot per side for ECN account

$0

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

Both beginners and experienced traders

Beginner to advanced traders


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Deposit & Withdrawal Options

Deposit Methods

Union Pay, OCT 365, Swift wire transfer, Indonesia bank ATM, Bank Transfer Malaysia, THAI QR payment,e-wallets

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

Withdrawal Methods

Union Pay, OCT 365, Swift wire transfer, Indonesia bank ATM, Bank Transfer Malaysia, THAI QR payment, e-wallets

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

Other E-Wallets Supported

VN pay, PoLi.

No


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Tools & Educational Resources

Economic Calendar

Yes

Yes

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

Trading Education, Market Analysis, Webinars, eBooks and Guides, Video Tutorials, MT4 Indicator Plugin

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


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Fees & Commissions

Trading-Related Fees

Spread for Std account: Starts from 1.0 pip, Spread for ECN accounts: Starts from 0.0 pips

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

Spread (typical, fixed, variable)

Variable

Fixed spread

Per Lot Fees

$5

NA

Options Contract Fees

NA

$0.65/contract

Futures Contract Fees

NA

$0.85

Markup Fees on Spread

NA

$1.50

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

500:1

50:1


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Non-Trading Fees

Dormant Fees

NA

$0

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

NA

It depends up on the account type

Swap Fees (Overnight Financing)

Yes

over $10 million free

Statement or Document Fee

NA

NA

Account Opening Fee

NA

$0

Account Maintenance Fee

NA

$0

Deposit Fee

$0

$0

Currency Conversion Fee

NA

$0.03

Withdrawal Fee

$0 bank fees may apply

$10 outgoing wire transfer fee


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Varies by asset type

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


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Customer Support

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

24/5

24/7

Customer Support Methods (phone, email, live chat)

Phone: +248 422 4099, E-mail: [email protected], Live chat

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

Support Languages

23

33


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Additional Information

Headquarters Location

3rd Floor, 30 City Road, London, United Kingdom, EC1Y 2AY.

Greenwich, Connecticut

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.
While EC Markets maintains low trading fees with no minimum deposit, Interactive Brokers includes some charges for premium features and certain asset trades, making EC Markets the better option for budget-focused traders.
New users will likely find EC Markets sign-up process more intuitive. Meanwhile, Interactive Brokers takes a more regulated path to onboarding, which could benefit traders seeking high capital limits and detailed agreements.
EC Markets excels in real-time trade execution with minimal latency, whereas Interactive Brokers complements its execution with strong analytical modules and educational support within the platform.
EC Markets caters to serious traders who value advanced features, whereas Interactive Brokers appeals to beginners due to its user-friendly platform.