TradingCritique

Select Your Brokers to Compare

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

Broker Name

Interactive Brokers

Interactive Brokers

VS
MEXEM

MEXEM

Icon

Broker Overview

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

Market maker

STP

Years of Existence / Established Year

1993

2018

Customer Base / Number of Accounts

3.12M

Info not available


Icon

Regulation & Security

Regulations (governing bodies)

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

Cysec AFM FSMA

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

No major awards listed

Security Measures

SIPC

ICCL

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


Icon

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

150 + trading assets Warrant

Currency Pairs

Yes

Yes

Commodities

No

Yes

Indices

No

No

Cryptocurrencies

Yes

Yes

CFDs

No

Yes

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

Yes

Futures

Yes

Yes

Bonds

Yes

Yes

Mutual Funds

Yes

Yes

Fractional Shares

No

Yes

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

Yes


Icon

Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

No

MT5

No

No

cTrader

No

No

Social Trading

No

No

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

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

Client Portal Desktop TWS Mobile TWS MEXEM Lite Watch TWS MEXEM APIs

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


Icon

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

Individual Accounts Instituitional Accounts

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

Yes

No

Minimum Deposit

$0

$0

Leverage Available

10:1 to 50:1

NA

Trade Limit (maximum per trade)

EUR 5,000,000

Varies for each product

Commission (per account type)

$0

NA

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

Beginner to advanced traders

Experienced only


Icon

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

Bank Transfer

Withdrawal Methods

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

Bank Transfer

Other E-Wallets Supported

No

No


Icon

Tools & Educational Resources

Economic Calendar

Yes

No

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)

Practical tutorials on using TWS trader workstatioin Video tutorials


Icon

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

FX - 0.005% Warrents - 0.2% for EUR & HKD. 0.12% for AUD Metals - 0.03% in USD Bonds - 0.15% Mutual Funds - 0.1% (Max Euro 4 and Min Eur 29) Futures & Options - vary for each currency contract Stocks & ETFs - vary for each currency

Spread (typical, fixed, variable)

Fixed spread

NA

Per Lot Fees

NA

NA

Options Contract Fees

$0.65/contract

0.65% per contract

Futures Contract Fees

$0.85

0.85% per contract

Markup Fees on Spread

$1.50

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

50:1

NA


Icon

Non-Trading Fees

Dormant Fees

$0

NA

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

It depends up on the account type

$0

Swap Fees (Overnight Financing)

over $10 million free

NA

Statement or Document Fee

NA

NA

Account Opening Fee

$0

$0

Account Maintenance Fee

$0

$0

Deposit Fee

$0

$0

Currency Conversion Fee

$0.03

0.05%

Withdrawal Fee

$10 outgoing wire transfer fee

First withdrawal (within 30 days) is free for all methods. Wire/SEPA Euro: £8 /w. Wire USD: $10 /w SEPA GBP: £7 / w


Icon

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Yes


Icon

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

Monday to Thursday 8:30am to 8pm Friday 8:30 am to 5:30 pm Saturday and Sunday closed


Icon

Customer Support

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

24/7

Monday to Thursday: 8:30am to 8:00pm. Friday: 8:30am to 5:30pm.

Customer Support Methods (phone, email, live chat)

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

Leave a message, Live chatCyprus - +357-25030447, mailto:[email protected]

Support Languages

33

10+


Icon

Additional Information

Headquarters Location

Greenwich, Connecticut

Archiepiskopou Kyprianou, 1 Loucaides Building, 3036 Limassol, Cyprus

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.
Interactive Brokers is known for competitive pricing on basic trades, especially for beginners. However, MEXEM fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.
Creating an account with Interactive Brokers is generally faster and more user-friendly, often taking just a few minutes, while MEXEM requires more detailed steps and identity verification, which may suit more cautious investors.
If you're trading on-the-go, Interactive Brokers mobile platform is fluid and intuitive. MEXEM desktop and web apps are more robust, making them suitable for in-depth trading sessions.
Those seeking technical depth may prefer Interactive Brokers, while MEXEM shines with intuitive design and streamlined features.