AvaTrade vs Interactive Brokers – a Detailed Side-by-Side Comparison of two Highly regulated and trusted Forex Brokers in South Africa.
| 🔎 Broker | 🥇 Avatrade | 🥈 Interactive Brokers |
| 🔄 General comparison | 5/5 | 5/5 |
| 🏛️ Regulation | 5/5 | 4/5 |
| 📊 Spreads and fees | 5/5 | 4/5 |
| 📈 Trading Platforms | 5/5 | 4/5 |
| 📱 Trading Apps | 5/5 | 4/5 |
| 🛠️ Analytical Tools | 5/5 | 5/5 |
| 🎓 Educational Resources | 5/5 | 4/5 |
| ⭐ Trust Score | 93 | 90 |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
AvaTrade vs Interactive Brokers – a Key Point Quick Overview
- ☑️ AvaTrade – Quick Overview
- ☑️ Interactive Brokers – Quick Overview
- ☑️ Overall Broker Comparison
- ☑️ Regulation Comparison
- ☑️ Assets Comparison
- ☑️ Fees Comparison
- ☑️ Deposit Options Comparison
- ☑️ Trading Platforms Comparison
- ☑️ Analytical Tools Comparison
- ☑️ Educational Resources Comparison
- ☑️ In Conclusion
- ☑️ Our Findings
- ☑️ Frequently Asked Questions
AvaTrade – Quick Overview
AvaTrade is a privately held online FX and CFD broker. AvaTrade is headquartered in Dublin, Ireland, and is registered in several jurisdictions across the world. The company also maintains satellite offices in Europe and the Asia-Pacific area.
AvaTrade provides a wide selection of trading platforms for both manual and automatic trading, across a variety of device types with industry-standard spreads on a large number of tradable items like forex, equities, commodities, cryptocurrencies, and indices.
Moreover, the minimum deposit required to open an account with the broker is 100 units of the base currency, and there are specialized learning and reading materials available to help new traders get up to speed quickly.
Interactive Brokers – Quick Overview
Trading with Interactive Brokers is convenient and straightforward, earning the firm a solid reputation among investors. Shares, foreign exchange, commodities, cryptocurrencies, exchange-traded funds (ETFs), options, and indices can all be traded with Interactive Brokers, in addition to a wide range of other financial instruments.
In addition to an award-winning trading platform, free educational resources, and reasonable commissions and financing rates, traders may take advantage of a variety of comprehensive trading features with Interactive Brokers.
The Hong Kong Securities and Futures Commission, the Financial Conduct Authority, and the Australian Securities and Investments Commission are just some of the many global authorities that have fully licensed and regulated Interactive Brokers.
Overall Broker Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Interactive Brokers |
| 🔄 General comparison | 5/5 | 5/5 |
| 🏛️ Regulation | 5/5 | 4/5 |
| 📊 Spreads and fees | 5/5 | 4/5 |
| 📈 Trading Platforms | 5/5 | 4/5 |
| 📱 Trading Apps | 5/5 | 4/5 |
| 🛠️ Analytical Tools | 5/5 | 5/5 |
| 🎓 Educational Resources | 5/5 | 4/5 |
| ⭐ Trust Score | 93 | 90 |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Regulation Comparison
| 🔎 Broker | 🥇 AvaTrade | 🏛️ Interactive Brokers |
| ⭐ Trust Score | 93 | 90 |
| 📅 Year founded | 2006 | 1977 |
| 📊 Publicly Traded | None | ✅Yes |
| 🇿🇦 Licensed in South Africa | ✅Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Min Deposit
USD 0
Regulators
CFTC, NFA, IIROC, FCA, CBI, ASIC, SFC, MNB, CSSF
Trading Platform
Proprietary Platforms
Crypto
Yes
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Assets Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 Interactive Brokers |
| 📈 Forex | ✅Yes | ✅Yes |
| 📉 CFDs | ✅Yes | ✅Yes |
| 📊 Number of Forex pairs | 55 | 91 |
| 💹 US Stock Trading | ✅Yes | ✅Yes |
| 📌 International Stock Trading | ✅Yes | ✅Yes |
| 🪙 Cryptocurrency CFDs | ✅Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
When compared, AvaTrade is the best in class with an additional offering of Cryptocurrency CFDs. However, it should be noted that Interactive Brokers offer 91 Forex pairs compared to AvaTrade’s 55.
Fees Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Interactive Brokers |
| 💴 Average Spread for EUR/USD | 0.9 pips | 0.6 pips |
| 💶 Commissions Charged | None | ✅Yes |
| 💵 ECN Execution | None | ✅Yes |
| 💷 Market Maker Execution | ✅Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
Both AvaTrade and Interactive Brokers offer a competitive pricing environment. AvaTrade has an average spread of 0.9 pips for the EUR/USD, while Interactive Brokers has a slightly tighter spread of 0.6 pips for the same currency pair.
That said, AvaTrade does not charge commissions for any asset traded on their platform, while Interactive Brokers does charge commissions for certain assets, such as stock trading.
Deposit Options Comparison
| 🔎 Features | 🥇 Avatrade | 🥈 Interactive Brokers |
| 💴 Deposit fees | None | None |
| 💶 Bank wire | ✅Yes | ✅Yes |
| 💵 MasterCard | ✅Yes | None |
| 💷 Paypal | ✅Yes | None |
| 💴 Skrill | None | None |
| 💶 Minimum Deposit | 100 USD / 1859.63 | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
Neither AvaTrade or Interactive Brokers levies a Deposit Fee. However, AvaTrade is best in class with a multitude of options, including MasterCard and PayPal.
Trading Platforms Comparison
| 🔎 Features | 🥇 Avatrade | 🥈 Interactive Brokers |
| 🖥️ Desktop Platform | ✅Yes | ✅Yes |
| 📱 Mobile App | ✅Yes | ✅Yes |
| 🥰 Social Trading | ✅Yes | None |
| 4️⃣ MetaTrader 4 | ✅Yes | None |
| 5️⃣ MetaTrader 5 | ✅Yes | None |
| ©️ cTrader | None | None |
| 🖱️ DupliTrade | ✅Yes | None |
| ⚙️ ZuluTrade | ✅Yes | None |
| ❤️ Proprietary Platform | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
AvaTrade provides a great selection of trading platform options, including its proprietary AvaTradeGo app, which is an award-winning piece of trading software. Added to this, AvaTrade offers access to the full MetaQuotes suite, consisting of MT4 and MT5, and additional copy trading software such as DupliTrade and ZuluTrade.
Interactive Brokers offers its renowned proprietary trading platform, IB Trader, which is favored by advanced traders for its wealth of trading tools, analytical features, and fast execution. However, traders will be limited to this platform, as Interactive Brokers does not offer MetaTrader or any social trading software.
Analytical Tools Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Interactive Brokers |
| 📅 Economic Calendar | ✅Yes | ✅Yes |
| ✏️ Social Sentiment | ✅Yes | ✅Yes |
| 📔 Trading Central | ✅Yes | ✅Yes |
| 📚 AutoChartist | None | None |
| 📒 Forex News Sources | ✅Yes | ✅Yes |
| 📑 Daily Market Commentary | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Our Findings
When compared, AvaTrade and Interactive Brokers are neck in neck. Both Brokers offer access to Trading Central, News Sources, and, Daily Market Commentary.
Educational Resources Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Interactive Brokers |
| ✏️ Offers education | ✅Yes | ✅Yes |
| 📔 Webinars | ✅Yes | ✅Yes |
| 📚 Beginner training videos | ✅Yes | ✅Yes |
| 📒 Advanced training videos | ✅Yes | ✅Yes |
| 📑 Glossary | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
In Conclusion
Both AvaTrade and Interactive Brokers are highly regulated brokers with competitive pricing environments. Moreover, AvaTrade has a solid reputation for transparent and reputable trading operations whereas Interactive Brokers is a well-established US Forex broker that has a long operational history.
Min Deposit
USD 0
Regulators
CFTC, NFA, IIROC, FCA, CBI, ASIC, SFC, MNB, CSSF
Trading Platform
Proprietary Platforms
Crypto
Yes
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Our Findings
While comparing Avatrade and Pepperstone, we have found that each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. However, selecting the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like: AvaTrade Review
You might also like: Interactive Brokers Review
Frequently Asked Questions
Which offers better pricing?
Both AvaTrade and Interactive Brokers offer a competitive pricing environment. However, AvaTrade does not charge commissions for any asset traded on their platform, while Interactive Brokers does charge commissions for certain assets, such as stock trading.
Which broker offers more security when trading Forex and CFDs?
Both AvaTrade and Interactive Brokers are highly regulated brokers. AvaTrade is regulated by several tier-1 organizations such as ASIC, the FCA, and the IIROC. Interactive Brokers is a US-based broker that is also regulated by these leading institutions as well as by the primary US regulators, the CFTC.
Do these brokers both offer MetaTrader?
AvaTrade offers access to both MetaTrader 4 and MetaTrader 5, whereas Interactive Brokers only offers its proprietary trading platform.
How many Forex pairs can I expect from these brokers?
AvaTrade provides access to 55 currency pairs, while Interactive Brokers offers access to 91 Forex pairs.
Is it safe to trade with AvaTrade?
AvaTrade is a highly regulated Forex broker that has a solid reputation for transparent and reputable trading operations. The broker stores all funds in segregated accounts with top-tier banks and provides a secure trading environment.
Is it safe to trade with Interactive Brokers?
Interactive Brokers is a well-established US Forex broker that has a long operational history. The broker is CFTC-regulated and is also regulated in other regional jurisdictions.
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