FXT vs Interactive Brokers 2026: which is better?
We compared FXT and Interactive Brokers on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- FXT offers copy trading; Interactive Brokers does not.
- FXT offers MetaTrader 4, MetaTrader 5, which Interactive Brokers does not.
- Interactive Brokers holds 10 licences from strong regulators, against 1 for FXT.
- The minimum deposit at Interactive Brokers is $0, against $50 at FXT.
- Interactive Brokers offers TradingView, which FXT does not.
Comparison table
| Comparison table |
FXT
Broker
|
Interactive Brokers
Broker
|
|---|---|---|
| Licences | ASIC, VFSC | FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS Best |
| Minimum deposit | $50 | $0 Best |
| Maximum leverage | 1:2000 | 1:30 |
| Trading platforms | MetaTrader 4, MetaTrader 5, 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 |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | ✓ Yes | — |
| Founded | 2014 | 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 FXT if you
- want to copy other traders
- use MetaTrader 4, MetaTrader 5
Choose Interactive Brokers if you
- want more licences from strong regulators
- want to start with less money
- use TradingView
Frequently asked questions
Which is better, FXT or Interactive Brokers?
We compared FXT and Interactive Brokers on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. FXT offers copy trading; Interactive Brokers does not. FXT offers MetaTrader 4, MetaTrader 5, 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 FXT and Interactive Brokers regulated?
FXT licences: ASIC, VFSC. Interactive Brokers licences: FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS.
What is the minimum deposit at FXT and Interactive Brokers?
FXT: $50. Interactive Brokers: $0.
Do FXT and Interactive Brokers offer an Islamic account?
FXT: No. Interactive Brokers: No.