Interactive Brokers vs Just Markets | Fees, Features, Safety & More (2024)

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Interactive Brokers

Founded in New York ,USA in1978 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 trader, investors and advisors. The  brokers give access to over 5000+ tradable assets including forex, CFDs, warrants, ETFS Options, Futures, Mutual Funds, Bonds.To trade online, IBKR offers WebTrader, FIX API, MobileTrader (MobileApp), 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 

Just Markets

Founded in 2012, Just Markets is an online forex broker that offers forex and CFD trading facilities. Regulated by CySEC, FSC (Mauritius), and FSA (Seychelles), Just Markets provides a wide range of trading instruments, including Forex, CFDs, and Cryptocurrencies. The broker allows almost all trading styles, from scalping to EA Trading, Copy Trading, and news trading.

Just Markets offers multiple trading platforms such as MT4, MT5, and a mobile trader platform. For passive investors, Just Markets provides a “copy trading” platform. The broker offers leverage as high as 3000:1. Additionally, with floating spreads starting from 0 pips, Just Markets aims to provide competitive pricing for its clients.

JustMarkets Overview
  • Founded In: 2012
  • Minimum Deposit: $1
  • Maximum Leverage: 1:3000
  • Regulations: FSA, Cysec,FSCA,FSC
  • Trading platform: MT4, MT5
  • Account Types: Standard, Raw, Pro 
  • Payment Options: VISA, MasterCard, Airtm, Binance/Binance Pay, Bitcoin, Bitcoin Cash, Boleto, Dogecoin (DOGE), Ether/Ethereum, FasaPay, Litecoin, Local Bank Transfers, Neteller, PayRetailers, PerfectMoney, PromptPay, Ripple (XRP), Skrill, Tether (USDT)
  • US Traders: Not Accept

Interactive Brokers vs Just Markets: Pros and Cons

Interactive Brokers Pros & Cons

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 

Just Markets Pros & Cons

Pros
  • Regulated by CySEC, FSC, FSA-S 
  • The minimum deposit is as low as $1 
  • Maximum Leverage is 1:3000 (up to 1:30 for retail clients and up to 1:3000 for professional clients on justmarkets.eu )
  • All strategies are allowed (Scalping, News trading, EA Trading) 
  • Negative balance protection;
  • Multilingual support 24/7.
  • MetaTrader 4/5 Offered
  • Spreads from 0 pips
  • 170+ trading instruments
Cons
  •  Not regulated by tire regulators like FCA, ASIC 
  •  No passive investment program ( MAM, PAMM Accounts) 
  •  US, UK, or Japan Traders are not accepted 
  •   A small selection of trading instruments;
  • Sometimes it takes time to receive a response from technical support;
  •  3% withdrawal fees if you do not have any trading activities 

  

Interactive Brokers vs JustMarkets: Side-by-Side Comparison

Interactive Brokers
Just Markets
Product
Founded In
Founded In
1978
2012
Founded By
Founded By
Chairman Thomas Peterffy
Not Found
Headquarters
Headquarters
Greenwich, Connecticut, United States
Mahe, Seychelles
Regulations
Regulations
SEC , CFTC ,FCA, FSCS
FSA, Cysec,FSCA,FSC
Min Deposit
Min Deposit
None
$1
Max Leverage
Max Leverage
40:1
1:3000
Tradable Assets
Tradable Assets
Stocks, options, futures, futures options, SSFs, ETFs, EFPs, currencies, fixed income, warrants and funds
Forex ,CFDs , Gold , Oil
Fees
Fees
Spread from
Spread from 0.1 pips
Platforms and Tools
Platforms and Tools
WebTrader, FIX API, MobileTrader
MT4,MT5
US Traders
US Traders
Allowed
Not Allowed

Interactive Brokers Vs JustMarkets: Our Scores and Ratings

We rated both brokers, Interactive Brokers and JustMarkets, 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.

Interactive Brokers :

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

JustMarkets

9
Just Markets Score
Regulation and Security (40%)9
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)9.5
Trading Education (5%)8

Final Verdict :

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.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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