MetaTrader 5 vs. Interactive Brokers

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MetaTrader 5
Score 9.0 out of 10
N/A
Henyep Capital Markets (HYCM) & MetaTrade are FCA and CySEC-regulated market leader in providing online FX and CFD trading to retail and institutional investors. HYCM is part of the Henyep Group, an international conglomerate with business in financial services, property, education and charity spanning 20 countries across 3 continents.N/A
Interactive Brokers
Score 10.0 out of 10
N/A
Interactive Brokers helps Investors globally in stocks, options, futures, currencies, bonds and funds from a single integrated account . Accounts can be funded in multiple currencies and trade assets denominated in multiple currencies. with access market data 24 hours a day and six days a week.N/A
Pricing
MetaTrader 5Interactive Brokers
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
MetaTrader 5Interactive Brokers
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsFixed---Fixed Spreads from 1.8 pips ("percentage in point")----No Commission/ Classic--Variable Spreads from 1.2 pips (percentage in point)--No Commission/ Raw--Raw Spreads from 0.2pips (percentage in point) + $4 per round/Interactive Brokers offers different pricing structures for Commissions, Margin and Interest Rates accounts, Market Data and Broker Fees.
More Pricing Information
Community Pulse
MetaTrader 5Interactive Brokers
Considered Both Products
MetaTrader 5

No answer on this topic

Interactive Brokers
Chose Interactive Brokers
Reliable connection, fast interface, rapid data updates, lower comission costs that is all features coinsided at one place for Interactive Brokers trader workstation. Even account types offering is wider to include also trading group accounts not only retail, IRA 401. …
Top Pros

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Top Cons

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Best Alternatives
MetaTrader 5Interactive Brokers
Small Businesses
Coinbase
Coinbase
Score 8.0 out of 10
Coinbase
Coinbase
Score 8.0 out of 10
Medium-sized Companies
Coinbase
Coinbase
Score 8.0 out of 10
Coinbase
Coinbase
Score 8.0 out of 10
Enterprises

No answers on this topic

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
MetaTrader 5Interactive Brokers
Likelihood to Recommend
8.4
(2 ratings)
10.0
(1 ratings)
Likelihood to Renew
-
(0 ratings)
10.0
(1 ratings)
User Testimonials
MetaTrader 5Interactive Brokers
Likelihood to Recommend
HYCM MetaTrader 5
1. it is best suited in terms of algorithmic trading, where it helps in better understanding with time intervals and easy-to-use UI . Best for forex trading. 2. Security feature is not well trusted. anyone can join, anyone can fake with screenshots and pics and can show the fake profits which are breaking the trust. There must be a system to not support these activities.
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Interactive Brokers
Interactive Brokers is appropriate for retail equity investing and pension accounts holding - totally appropriate. Institutional accounts and proprietary trading group accounts - appropriate for those managing risks themselves because there is no automatic or supervised control and you trade at your own discretion. Not appropriate - is you look for crypto trading with instruments not accepted by regulator authorities as featured instruments with acceptable risk, to make sustainable and regulated investments with the main aim to preserve capital. All not regulated instruments are not appropriate and it is good and professional.
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Pros
HYCM MetaTrader 5
  • forex trading
  • analysis and charts with better time intervals
  • better user interface
  • trading based on AI and algorithms
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Interactive Brokers
  • Large financial instruments are available for trading - options, forex, derivatives, USTs
  • All main international exchanges are available to allocate
  • Fast and stable user interface
  • Fast connectivity
  • Python and Java API
  • Applications from Vendors
  • Data feed on demand could be added
  • Fast funds transfers and account set up
  • Supported all types of account: retail, trading group, retirenment, institutional
  • Fast quotes update without viable delay even for retail
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Cons
HYCM MetaTrader 5
  • support can be better
  • reachability is troublesome due to heavy user base
  • security is the biggest issue and lacks trust
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Interactive Brokers
  • Simplification of design (classic multy window to plain colorful palette Z-focused)
  • Choise of routes for order flow with clear comission cost
  • International bonds inclusion
  • Consider offering of CDS derivatives for ICE products
  • ESG selection - CO2 allowances instruments
  • Crypto wallets as a cource of margin connectivity are interesting for hybryd account
  • Sponsorship for FINRA licenses for non-institutional customers
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Likelihood to Renew
HYCM MetaTrader 5
No answers on this topic
Interactive Brokers
We use it and do not plan to switch. It fits all our current needs.
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Alternatives Considered
HYCM MetaTrader 5
1. Better in terms of investor accounting and investor reporting management. 2. Easy to use and setup and better in terms of decision making with algorithmic charts. 3. Better in terms of pricing overall a good and well recommended product to use for all sorts of trading and forex, hedge etc.
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Interactive Brokers
Reliable connection, fast interface, rapid data updates, lower comission costs that is all features coinsided at one place for Interactive Brokers trader workstation. Even account types offering is wider to include also trading group accounts not only retail, IRA 401. Interactive Brokers makes easy to enter the prop business or serve large family office needs as an adviser or discretionary mandate trader (EU)
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Return on Investment
HYCM MetaTrader 5
  • Gives awesome ROI on my trading and Investing Portfolio
  • Very good Client Support
  • Have Awesome Integration with Different trading Platforms, Dow Jones, and Different Markets
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Interactive Brokers
  • Scalability - easy managed exposure of any size
  • ROI is sustainable, no exponencial growth but we get what is expected, not less SP500 return + KPI %
  • Comission flow is very low as compared to 3 - 4 years before the date
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ScreenShots