TrustRadius: an HG Insights company

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Interactive Brokers

    Score10 out of 10
    N/AInteractive 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

    MetaTrader 5

    Score6.1 out of 10
    N/AMetaQuotes is a supplier of software solutions for financial markets. MetaTrader 5 is a multi-asset platform for trading Forex, exchange instruments and futures.N/A
    Pricing
    Interactive BrokersMetaTrader 5
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Interactive BrokersMetaTrader 5
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional DetailsInteractive Brokers offers different pricing structures for Commissions, Margin and Interest Rates accounts, Market Data and Broker Fees.—
    More Pricing Information
    Best Alternatives
    Interactive BrokersMetaTrader 5
    Small Businesses
    Coinbase
    Score7.2 out of 10
    Coinbase
    Score7.2 out of 10
    Medium-sized Companies
    Coinbase
    Score7.2 out of 10
    Coinbase
    Score7.2 out of 10
    Enterprises
    No answers on this topic
    No answers on this topic
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Interactive BrokersMetaTrader 5
    Likelihood to Recommend
    10.0
    (1 ratings)
    8.4
    (2 ratings)
    Likelihood to Renew
    10.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    Interactive BrokersMetaTrader 5
    Likelihood to Recommend
    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.
    Read full review
    MetaQuotes Ltd
    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.
    Incentivized
    Read full review
    Pros
    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
    Read full review
    MetaQuotes Ltd
    • forex trading
    • analysis and charts with better time intervals
    • better user interface
    • trading based on AI and algorithms
    Incentivized
    Read full review
    Cons
    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
    Read full review
    MetaQuotes Ltd
    • support can be better
    • reachability is troublesome due to heavy user base
    • security is the biggest issue and lacks trust
    Incentivized
    Read full review
    Likelihood to Renew
    Interactive Brokers
    We use it and do not plan to switch. It fits all our current needs.
    Read full review
    MetaQuotes Ltd
    No answers on this topic
    Alternatives Considered
    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)
    Read full review
    MetaQuotes Ltd
    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.
    Incentivized
    Read full review
    Return on Investment
    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
    Read full review
    MetaQuotes Ltd
    • 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
    Incentivized
    Read full review
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