Exness vs Interactive Broker Compared (2024)

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Written by
Ryan Hardy sitting before his forex trading desk
Fact Checked by
Richard Walz headshoot
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Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. Exness and Interactive Brokers are top-tier regulated brokers providing online trading services worldwide. Exness is known for its social trading and multi-asset platform, regulated in two tier-1 jurisdictions, one tier-2 jurisdictions, and four tier-4 jurisdictions, including  FSA-S , CBCS , FSC Mauritius, FSCA , CySEC , FCA ,BVI FSC. On the other hand, Interactive Brokers specializes in online forex trading,  regulated by eight Tier-1 jurisdictions and two Tier-2 jurisdictions  including ASIC,IIROC , MNB,SFC,SEBI,, CBI,,FSA-Japan, MAS,FCA , FINRA,SEC. While these brokers offer similar services, they each have their own strengths and weaknesses.

In this article, I have compared Exness and Interactive Brokers in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis aims to help you determine which broker better suits your trading style and preferences.

Exness vs Interactive Broker: In a Nutshell

Exness

Established in 2008, Exness is a regulated forex and CFD broker. It is regulated by multiple jurisdictions. The broker gives access to trade more than 230 tradable instruments on its MT4 and MT5 Trading platforms. The broker allows copy trading, news trading, and EA Trading. You can start trading with as low as 0.01 lot in Exness. The broker also offers a very tight spread starting from 0.3pips. However, Exness does not have ASIC regulation.

Exness Overview

Exness Overview
  • Founded In: 2008
  • Founder:Petr Valov, Igor Lychagov
  • Trading Instruments: 200+ Trading Instruments including Forex, CFDs, Cryptocurrencies, Stocks CFDs, Commodity CFDs
  • Minimum Deposit: as low as $1 for standard accounts, $200 for Pro, Raw Spread, and Zero accounts.
  • Maximum Leverage: 1:Unlimited (condition apply)  or 1:2000 for FCS, CFCS, 1:30 for ASIC, CySEC jurisdiction, 1:400 for CMA Jurisdiction
  • Regulations: FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, FSA in Seychelles
  • Trading platform: MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile,  Exness Trade App, Exness Terminal
  • Account Types: Standard, Pro, Raw Spread, Zero
  • Payment Options: VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether (USDT), WebMoney
  • Funding Currencies : AED, ARS, AUD,  AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP,  PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR,
  • US Traders: Not Accepted

Interactive Broker

Founded in New York, USA in 1978 by Thomas Peterffy, Interactive Broker has grown into a global brand with over 2.1 million clients. It has become one of the leading online trading solutions for traders, investors, and advisors. The brokers give access to over 5000+ tradable assets including forex, CFDs, warrants, ETFs Options, Futures, Mutual Funds, and Bonds. To trade online, IBKR offers WebTrader, FIX API, MobileTrader (MobileApp), and TWS trading platforms.

Interactive Brokers Overview
  • Founded In: 1978
  • Minimum Deposit: None
  • Maximum Leverage: 500:1
  • Regulations: SEC , CFTC ,FCA, FSCS, ASIC , IIROC , FSA
  • Trading platform: WebTrader, FIX API, MobileTrader
  • Account Types: Family Office Account ,UGMA/UTMA, IRA, Trust ,Joint, Individuals
  • Payment Options: Bank Wire (BankTransfer/SWIFT), ACH (Automated Clearing House), BPAY, Check, Direct Debit, Local Bank Deposits, Transfer from Existing Broker
  • US Traders:  Accepted 

Exness vs Interactive Broker: Pros and Cons

Exness

Pros
  • Top tire regulations ( FCA, CySEC, FSC, FSA-S SBCS, FSCA, BVI FSC, and so on. 
  • The maximum leverage is as high as 1:2000
  • The minimum deposit is as low as $1
  • Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
  • Competitive spreads starting from 0.3 pips on standard accounts
  • Swap-Free/Islamic Account Provided
  • Scalping, EA Trading, and Copy Trading are allowed 
  • Instant Withdrawal of Money 24/7
Cons
  •  No Passive investment programme ( PAMM, MAM Accounts) 
  •   No Ctrader, Tradingview, zuletrade offered 
  •  US Traders are not accepted 
  •  Only MT4 and MT5 Trading Platforms 
  • Limited educational resources

Interactive Broker

Pros
  • IBK is a Forex and Stock Broker 
  • Excellent reputation (founded in 1978)
  • Regulated by top regulators like  ASIC, FCA, FSA, SFC, IIROC 
  • A wide range of products offered warrants, ETFs, Options, Futures, Mutual Funds, Bonds 
  • Over 18,000 no-transaction-fee mutual funds.
  • No monthly inactivity fee
  • Low trading fees and high interest (up to 4.58% for USD) on cash balances
  • Access to international markets and exchanges 
  • Mobile apps are convenient for individual investors.
Cons
  • Complicated account opening 
  • Learning Curve for Beginners
  • The maximum leverage is only 1:40 
  •  No Metatrader platforms (MT4, MT5) offered 
  • High minimum deposit requirements for some account types 
  • Interactive Advisors (Robo-advisor feature) is only available for US customers
  • No fixed spread is available 

Exness vs Interactive Broker: Side-by-Side Comparison

Exness
Interactive Broker
Product
Founded In
Founded In
2008
1978
Founded By
Founded By
David Morris
Chairman Thomas Peterffy
Headquarters
Headquarters
Limassol, Cyprus
Greenwich, Connecticut, United States
Regulations
Regulations
FSA, CBCS, FSC, FSCA, CySec, FCA, CMA
SEC , CFTC ,FCA, FSCS
Min Deposit
Min Deposit
$200
None
Max Leverage
Max Leverage
1: Unlimited
40:1
Tradable Assets
Tradable Assets
Forex , Commodities, Stock ,Indices , Crypto
Stocks, options, futures, futures options, SSFs, ETFs, EFPs, currencies, fixed income, warrants and funds
Fees
Fees
as low as 0.1 pips or commission upto $3.5 each side per lot
Spread from
Platforms and Tools
Platforms and Tools
MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile, Exness Trade App , Exness Terminal
WebTrader, FIX API, MobileTrader
US Traders
US Traders
Not Allowed
Allowed

Exness Vs Interactive Broker: Our Scores and Ratings

We rated both brokers, Exness and Demo, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

Exness :

9.1
Exness Scores
Regulation and Security (40%)9.3
Fees and Commissions (20%)9.5
Trading (15%)8
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)9

Interactive Broker

9.1
Interactive Brokers Score
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)9.5
Trading Education (5%)9

Final Verdict :

Both Exness and Interactive Brokers are regulated online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. Interactive Brokers is a multi-asset and social trading platform, providing trading instruments, including currency pairs, metals, energies, shares. It offers both leverage and non-leverage tradable assets. On the other hand, Interactive Brokers is a forex and CFD broker offers Stocks, options, futures, futures options, SSFs, ETFs, EFPs, currencies, fixed income, warrants and funds.

Our score for Exness is 9.1, and for Interactive Brokers, it is 9.1 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose Exness. However, if you prefer online forex and CFD brokers, you may choose Interactive Brokers.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Fact Checked by
Ryan Hardy is a Content Writer, Researcher, and Fact Checker at Brokersway. Specializing in forex trading, he focuses on ensuring accuracy in information related to broker regulations, scams, and safety measures. With a commitment to transparency, Ryan plays a vital role in providing traders with reliable insights into the world  of forex brokers
Edited by

Richard Walz, a seasoned content writer and broker’s research specialist, is your go-to authority for decoding online forex brokers and trading platforms. As an editor, he ensures precision and clarity, offering traders valuable insights on Brokersway, a trusted resource for informed decision-making in the dynamic world of currency trading. Richard's role as an editor ensures that the information presented is not only accurate but also presented in a manner that resonates with traders seeking clarity in making better decision.

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