Interactive Brokers vs. MetaTrader 5

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
MetaTrader 5
Score 6.3 out of 10
N/A
MetaQuotes 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
Coinbase
Score 7.6 out of 10
Coinbase
Coinbase
Score 7.6 out of 10
Medium-sized Companies
Coinbase
Coinbase
Score 7.6 out of 10
Coinbase
Coinbase
Score 7.6 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.
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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.
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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
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MetaQuotes Ltd
  • forex trading
  • analysis and charts with better time intervals
  • better user interface
  • trading based on AI and algorithms
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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
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MetaQuotes Ltd
  • support can be better
  • reachability is troublesome due to heavy user base
  • security is the biggest issue and lacks trust
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Likelihood to Renew
Interactive Brokers
We use it and do not plan to switch. It fits all our current needs.
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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)
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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.
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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
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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
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