FXCM vs Interactive Brokers 2026: which is better?
We compared FXCM and Interactive Brokers on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- FXCM offers a swap-free Islamic account; Interactive Brokers does not.
- FXCM offers MetaTrader 4, which Interactive Brokers does not.
- Interactive Brokers holds 10 licences from strong regulators, against 2 for FXCM.
- The minimum deposit at Interactive Brokers is $0, against $50 at FXCM.
Comparison table
| Comparison table |
FXCM
Broker
|
Interactive Brokers
Broker
|
|---|---|---|
| Licences | FCA, ASIC, CySEC, FSCA, ISA | FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS Best |
| Minimum deposit | $50 | $0 Best |
| Maximum leverage | 1:1000 | 1:30 |
| Trading platforms | Trading Station, MetaTrader 4, TradingView, Web Trader, Mobile App | Trader Workstation, IBKR Desktop, Client Portal, IBKR GlobalTrader, Web Trader, Mobile App, TradingView |
| Markets | Forex, Stocks, Crypto, Commodities & gold, Indices | Forex, Stocks, Crypto, Commodities & gold, Indices, ETFs |
| Islamic account | ✓ Yes | — |
| Demo account | ✓ Yes | ✓ Yes |
| Founded | 1999 | 1977 |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose FXCM if you
- need a swap-free Islamic account
- use MetaTrader 4
Choose Interactive Brokers if you
- want more licences from strong regulators
- want to start with less money
Frequently asked questions
Which is better, FXCM or Interactive Brokers?
We compared FXCM and Interactive Brokers on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. FXCM offers a swap-free Islamic account; Interactive Brokers does not. FXCM offers MetaTrader 4, which Interactive Brokers does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are FXCM and Interactive Brokers regulated?
FXCM licences: FCA, CySEC, ASIC, FSCA, ISA. Interactive Brokers licences: FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS.
What is the minimum deposit at FXCM and Interactive Brokers?
FXCM: $50. Interactive Brokers: $0.
Do FXCM and Interactive Brokers offer an Islamic account?
FXCM: Yes. Interactive Brokers: No.