Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
AvaTrade
Regulated in your country AvaTrade is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Interactive Brokers
Regulated in your country Interactive Brokers is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders AvaTrade and Interactive Brokers are best suited to, based on what each one actually offers in Australia.AvaTrade is better than Interactive Brokers for crypto traders. Interactive Brokers, on the other hand, is better for day traders and long-term investors. Professional traders, high-volume traders and scalpers can choose either AvaTrade or Interactive Brokers.
| Overall score | AvaTrade 82 -1 not offered | Interactive Brokers 83 83 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise AvaTrade and the ones that supervise Interactive Brokers.AvaTrade and Interactive Brokers are both regulated in Australia, by ASIC.
| Section score | AvaTrade 100 not offered | Interactive Brokers 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that AvaTrade and Interactive Brokers have in place to protect your money in Australia.AvaTrade and Interactive Brokers both offer segregated client funds and two-factor authentication.
| Section score | AvaTrade 65 -8 not offered | Interactive Brokers 73 Best 73 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2006 | 1978 |
| Parent company i | Ava Group | Interactive Brokers Group, Inc. |
| CEO i | Dáire Ferguson | Milan Galik |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | National Westminster Bank, J.P. Morgan SE | Agricultural Bank of China, Australia and New Zealand Banking Group, Banco Santander, Bank Hapoalim, Bank of China, Barclays Bank Ireland, Barclays Bank, Euroclear Bank, HSBC Bank, HSBC Continental Europe, ING Bank, ING Belgium, ING Bank Slaski, J.P. Morgan SE, J.P. Morgan Chase Bank, Mizuho Bank, MUFG Bank, NatWest Bank, Oversea Chinese Banking Corporation, Raiffeisen Bank International, Raiffeisen Bank Zrt, Raiffeisenbank a.s., Royal Bank of Canada, Skandinaviska Enskilda Bank, Societe Generale, Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation, UBS Switzerland, United Overseas Bank, Wells Fargo Bank |
| Brand power | ||
| Number of customers worldwide i | 9,000,000 | 3,337,000 |
| Annual revenue i | US$6,205,000,000 | |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with AvaTrade and with Interactive Brokers in Australia, both on each trade and on holding the account.Interactive Brokers is better than AvaTrade for CFD/FX costs, because Interactive Brokers is cheaper on EUR/USD, at US$2 per lot (against AvaTrade's US$9), and does not charge inactivity fees, unlike AvaTrade. Neither AvaTrade nor Interactive Brokers charges account maintenance fees or deposit fees.
Interactive Brokers and AvaTrade cannot be set side by side for real stock costs, as AvaTrade is a CFD broker and does not offer real stocks, unlike Interactive Brokers.
| Section score | AvaTrade 66 -25 not offered | Interactive Brokers 91 Best 79 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | US$2 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$9 | US$2 |
| S&P 500 fees (CFD) i | 0.5 points | |
| Gold fees (CFD) i | 0.34 points | |
| Bitcoin fees (CFD) i | ||
| US stocks fees (CFD) i | Free | US$0.005 |
| Fees on stocks | ||
| Stock fee type i | Spread | Commission, Percentage |
| US stocks fees (real) i | US$2.1 | |
| ETF fees (real) i | US$2.1 | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | US$0.85 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | Free | US$0.65 |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with AvaTrade and with Interactive Brokers in Australia, and of how many instruments each one gives access to.AvaTrade and Interactive Brokers are equally good for CFD/FX markets, since AvaTrade offers CFDs on ETFs, and offers futures on crypto and forex. On the other hand, Interactive Brokers gives access to 15,000 tradable symbols (against AvaTrade's 1,250), and lets you own bonds, crypto, ETFs, funds, forex and stocks outright. Both AvaTrade and Interactive Brokers offer CFDs on commodities, crypto, forex, indices and stocks, and offer futures on commodities and indices.
There is no like-for-like comparison for real stock markets, as AvaTrade is a CFD broker and does not offer real stocks.
| Section score | AvaTrade 100 not offered | Interactive Brokers 100 100 |
|---|---|---|
| Total tradable symbols i | 1,250 | 15,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Commodities, Crypto, Forex, Indices | Indices, Commodities |
| Options i | Forex | Stocks, Indices |
| Assets you can own i | Bonds, Crypto, ETF, Funds, Forex, Stocks |
Platform
What we compare A comparison of the trading platforms that AvaTrade and Interactive Brokers make available to their clients in Australia.AvaTrade is better than Interactive Brokers for platforms, because AvaTrade offers MetaTrader 5, MetaTrader 4 and social trading, which Interactive Brokers does not. AvaTrade and Interactive Brokers both offer a proprietary platform and one-click trading.
Interactive Brokers and AvaTrade cannot be compared for platforms, because Interactive Brokers is a broker offering both CFDs and stocks while AvaTrade is a CFD broker.
| Section score | AvaTrade 92 Best not offered | Interactive Brokers 80 -12 80 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of AvaTrade and Interactive Brokers in Australia, and of what each one lets you do from your phone.AvaTrade is better than Interactive Brokers for mobile trading, as AvaTrade offers the MetaTrader 5 app, the MetaTrader 4 app and a social trading app, which Interactive Brokers does not. Both AvaTrade and Interactive Brokers offer a proprietary mobile app and mobile price alerts.
Interactive Brokers and AvaTrade cannot be set side by side for mobile trading, as AvaTrade is a CFD broker and does not offer real stocks, unlike Interactive Brokers.
| Section score | AvaTrade 100 Best not offered | Interactive Brokers 80 -20 80 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that AvaTrade and Interactive Brokers allow on their platforms in Australia.AvaTrade and Interactive Brokers are equally good for CFD/FX trading features, since AvaTrade offers VPS hosting, and allows for expert advisors. On the other hand, Interactive Brokers offers tier-1 liquidity providers and API access. Both AvaTrade and Interactive Brokers offer negative balance protection and trailing stops.
Interactive Brokers and AvaTrade cannot be set side by side for real stock trading features, as AvaTrade is a CFD broker and does not offer real stocks, unlike Interactive Brokers.
| Section score | AvaTrade 77 not offered | Interactive Brokers 75 -2 85 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$1 | US$1 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at AvaTrade and at Interactive Brokers in Australia, and of who each one is meant for.AvaTrade is better than Interactive Brokers for CFD/FX account types, because AvaTrade offers a corporate account, an Islamic account and a copy trading account, which Interactive Brokers does not. Both AvaTrade and Interactive Brokers offer a demo account and a professional traders account.
Interactive Brokers and AvaTrade cannot be compared for real stock account types, because Interactive Brokers is a broker offering both CFDs and stocks while AvaTrade is a CFD broker.
| Section score | AvaTrade 72 Best not offered | Interactive Brokers 41 -31 63 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with AvaTrade and with Interactive Brokers in Australia.AvaTrade and Interactive Brokers are equally good for account opening, as AvaTrade offers debit cards. On the other hand, Interactive Brokers does not require a minimum deposit (against AvaTrade's US$70), and offers 5 account base currencies (against AvaTrade's 3). AvaTrade and Interactive Brokers both offer credit cards and wire transfers.
AvaTrade does not offer real stocks, being a CFD broker, so Interactive Brokers and AvaTrade cannot be compared for account opening.
| Section score | AvaTrade 62 not offered | Interactive Brokers 60 -2 60 |
|---|---|---|
| Minimum deposit i | US$70 | US$0 |
| Minimum withdrawal i | US$0 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | AUD, EUR, USD | AUD, EUR, GBP, HKD, USD |
| Deposit waiting time i | up to 7 business days | up to 1 business days |
| Withdrawal waiting time i | up to 10 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of AvaTrade and Interactive Brokers in Australia, in how it can be reached and how fast it answers.AvaTrade is better than Interactive Brokers for customer care, given that AvaTrade offers customer support in 22 languages (against Interactive Brokers' 8), and has a website in 22 languages (against Interactive Brokers' 8). Both AvaTrade and Interactive Brokers offer phone support and live chat.
Interactive Brokers and AvaTrade cannot be set side by side for customer care, as AvaTrade is a CFD broker and does not offer real stocks, unlike Interactive Brokers.
| Section score | AvaTrade 67 Best not offered | Interactive Brokers 58 -9 58 |
|---|---|---|
| Number of languages supported i | 22 | 8 |
| Website languages i | Afrikaans, Arabic, German, English, Finnish, French, Hungarian, Indonesian, Italian, Korean, Mongolian, Malay, Dutch, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish, Urdu, Chinese | German, English, French, Italian, Japanese, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | Afrikaans, Arabic, German, English, Finnish, French, Hungarian, Indonesian, Italian, Korean, Mongolian, Malay, Dutch, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish, Urdu, Chinese | German, English, French, Italian, Japanese, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that AvaTrade and Interactive Brokers provide to their clients in Australia.Interactive Brokers is better than AvaTrade for learning, because Interactive Brokers offers professional reports and traders' sentiment, which AvaTrade does not. AvaTrade and Interactive Brokers both offer education for advanced traders and webinars.
Only Interactive Brokers can be assessed for learning, since AvaTrade is a CFD broker and does not offer real stocks.
| Section score | AvaTrade 83 -17 not offered | Interactive Brokers 100 Best 100 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
AvaTrade vs Interactive Brokers: which one should you choose?
AvaTrade
CFD/FX Choose AvaTrade if you want a CFD and forex broker with MetaTrader and cTrader platforms.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Interactive Brokers
CFD/FX Choose Interactive Brokers if you want an online CFD broker with low trading costs, no minimum deposit and a wide choice of markets.
Stocks Choose Interactive Brokers if you want a stock brokerage service with bonds, funds and a wide choice of markets.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include AvaTrade or Interactive Brokers, each scored with the same data and method as this page.
