Interactive Brokers vs MTrading Comparison
Compare trading conditions, commissions and platforms of Forex brokers Interactive Brokers and MTrading. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - Interactive Brokers or MTrading?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
Interactive Brokers
- Minimum deposit · USD
- 1 USD
- Different platforms
- IBKR Mobile
- Trader WorkStation (TWS)
- IMPACT
- IBKR Desktop
- Client Portal
- GlobalTrader
- Different markets
- None listed
MTrading
- Minimum deposit · USD
- 10 USD
- Different platforms
- MetaTrader 4
- Different markets
- ETF
- Cryptocurrency
Comparison Table of Interactive Brokers and MTrading
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Foundation Year | 1977 | 2012 |
| Regulated in Countries | United Kingdom, United States, Canada, Ireland, Australia, Hong Kong, India, Japan, Singapore, Switzerland | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:50 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
Interactive Brokers Review
Interactive Brokers is one of the largest international brokers, offering extensive opportunities for trading and investing in global financial markets. The company combines high reliability, competitive trading conditions and advanced technological infrastructure. Thanks to its many years of experience, international regulation and continuous service development, Interactive Brokers holds a leading position among brokers for self-directed investing.
Interactive Brokers is primarily suited to experienced traders, active investors and professional market participants who value a wide range of instruments, low fees and advanced trading capabilities. The broker is also an excellent choice for long-term investors building diversified portfolios. For beginners, Interactive Brokers is suitable if they are willing to learn a fairly complex trading infrastructure.
Pros and Cons of Interactive Brokers
Pros
- High reliability and regulation by leading financial authorities.
- A wide range of financial instruments and access to more than 175 markets.
- Low trading commissions and favourable margin lending rates.
- Powerful trading platforms and professional analytical tools.
- A wide range of account types and high-quality educational materials.
Cons
- Complex interface and a steep learning curve for beginners.
- Inconsistent quality of technical support.
- Limited choice of deposit and withdrawal methods.
Interactive Brokers is in the top 10 of the following ratings:
MTrading Review
MTrading offers a variety of trading accounts that can meet the needs of traders with different levels of experience and capital sizes. The wide range of trading instruments available makes this broker attractive for traders seeking to diversify their investments. The copy trades service may also be of interest to beginners who want to profit by following the strategies of successful traders.
MTrading is suitable for new traders, especially those who want to try copying trades and working with various trading instruments on one platform.
Pros and Cons of MTrading
Pros
- Availability of different types of trading accounts.
- Wide range of trading assets.
- Own copy trading platform.
Cons
- Lack of licenses from reputable regulators.
- Limited choice of trading platforms.
- Only one method of communication with support service.
- Absence of some popular deposit and withdrawal methods.
- Sparse analytical and educational materials compared to competitors.
Reliability
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Reliability | 5/5 | 2/5 |
| Foundation Year | 1977 | 2012 |
| Regulated in Countries | United Kingdom, United States, Canada, Ireland, Australia, Hong Kong, India, Japan, Singapore, Switzerland | Saint Vincent and the Grenadines |
| Regulators |
Interactive Brokers
Interactive Brokers is highly reliable thanks to strict international regulation, substantial capital and mechanisms protecting client assets.
Pros
- Regulation by SEC, FCA, ASIC and other reputable authorities.
- Strong financial stability and substantial capital.
- Segregation of assets and insurance protection for client accounts.
Cons
- Regulatory fines in 2020 and 2025.
MTrading
Broker MTrading is registered in a jurisdiction with limited regulation, which may raise concerns among investors.
Pros
- Company's reputation in the market.
- Measures to ensure the security of client funds.
Cons
- Lack of regulation by major financial authorities.
- Potential risks for investors due to weak regulation.
Account Opening
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
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Interactive Brokers
Interactive Brokers offers convenient online account opening with no minimum deposit. However, the detailed application form and strict verification make registration more complex and time-consuming than with many brokers.
Pros
- Fully online registration.
- No minimum deposit.
- Wide choice of account types and base currencies.
Cons
- A lengthy and detailed application form.
- Strict verification requirements.
- Possible delays in document verification.
MTrading
Opening an account with MTrading is a simple, convenient, and fast process.
Account Types
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Account Types | 4.5/5 | 4.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:50 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | No | Yes |
Interactive Brokers
Interactive Brokers offers a wide range of accounts for investors and traders of all experience levels. Flexible terms, various margin trading modes and specialised accounts can meet virtually any investment need.
Pros
- A wide range of accounts for individual and institutional clients.
- Flexible margin trading options.
- A demo account and no minimum deposit.
Cons
- A complex account type system for beginners.
- High capital requirements for Portfolio Margin.
MTrading
Broker MTrading offers a variety of accounts that meet the needs of different traders, but there are no accounts with fixed spreads.
Pros
- Wide selection for different levels of experience.
- Ability to start trading with small amounts.
- Availability of copy trading service.
Cons
- Absence of accounts with fixed spreads.
Commissions
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Commissions | 5/5 | 1.5/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | — | 1.3 |
| Commission | per 1 lot$2.00 | per 1 lot$4.00 |
Interactive Brokers
Interactive Brokers offers some of the lowest commissions on the market. Competitive trading rates, favourable margin lending terms and minimal non-trading costs make the broker attractive to traders and investors.
Pros
- Low commissions on stocks, ETFs, Forex and derivatives.
- Favourable margin lending rates.
- No inactivity fee and two free withdrawals per month.
Cons
- Paid subscriptions for some market data.
- A complex fee structure and additional exchange fees.
MTrading
MTrading's commissions are above the market average, which can affect the overall profitability of the trader.
Pros
- There are no withdrawal fees.
Cons
- Commission per trade on M.Pro is above average.
- Almost all swaps are negative.
- Additional commission for account inactivity.
Deposit and Withdrawal
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Account Funding Methods |
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Interactive Brokers
Interactive Brokers offers reliable deposit and withdrawal methods with low fees. Support for bank transfers, Wise and stablecoins makes payments convenient, although the availability of these methods depends on the region.
Pros
- No deposit fees.
- Two free withdrawals per month.
- Support for Wise and stablecoins.
Cons
- No direct deposits by bank card or popular e-wallets.
- International bank transfers may take several days.
- The availability of payment methods depends on the country.
MTrading
MTrading offers a limited selection of payment systems, but transactions are fast and commission-free.
Pros
- No commissions for depositing and withdrawing funds.
- Fast execution of payments.
- Support for cryptocurrency payments.
Cons
- Lack of popular methods such as bank transfer and credit cards.
Markets and Products
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Markets and Products | 5/5 | 4/5 |
| Forex | 85 | 38 |
| Precious Metals | 2 | 5 |
| Energy Carriers | 2 | 3 |
| Indices | 13 | 10 |
| Stocks | 8500 | 87 |
| ETF | - | 9 |
| Cryptocurrency | - | 12 |
Interactive Brokers
Interactive Brokers offers an exceptionally wide range of financial instruments with access to more than 175 markets. The variety of assets makes the broker a versatile solution for active trading and long-term investing.
Pros
- Access to more than 175 markets across 40 countries.
- A vast selection of stocks, ETFs, bonds and derivatives.
- Support for Forex, CFDs and cryptocurrencies.
Cons
- The availability of some instruments depends on the country.
MTrading
MTrading offers a wide range of trading assets, covering major markets and allowing traders to flexibly form their portfolio.
Pros
- Access to 38 currency pairs in the Forex market.
- Ability to trade CFDs on stocks, indices, commodities, and cryptocurrencies.
Cons
- Soft commodities are not available.
- The overall number of CFDs is average, lower than many competitors.
Trading Platforms
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Trading Platforms |
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Interactive Brokers
Interactive Brokers offers a wide range of trading platforms with powerful analytical tools, varied order types and automation capabilities. The broker's solutions are suitable for both beginner investors and professional traders.
Pros
- A wide range of desktop, web and mobile platforms.
- Advanced analysis and risk management tools.
- Support for TradingView and algorithmic trading via API.
Cons
- Difficulty learning to use the professional platform TWS.
- Paid subscriptions for some market data.
MTrading
MTrading focuses on the MetaTrader 4 platform, offering its various modifications, but limits the choice of alternatives.
Pros
- Availability of the time-tested and popular MT4 platform.
- Additional features in MT4 Supreme Edition to enhance trading.
- Ability to trade through a browser with WebTrader.
Cons
- Lack of modern platforms such as MetaTrader 5 or cTrader.
Analytics
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Rating | 5/5 | 3/5 |
Interactive Brokers
Interactive Brokers offers powerful analytical resources with professional research, fundamental and technical analysis, market screeners and portfolio assessment tools. The analytics are suitable for both investors and active traders.
Pros
- A wide range of free analytical tools.
- Professional research and market news.
- Advanced risk and portfolio analysis tools.
Cons
- Paid subscriptions for selected research and market data.
- Some tools are complex for beginners.
MTrading
MTrading offers basic analytical tools, but they may seem limited compared to competitors.
Pros
- Access to up-to-date financial market news.
- Technical analysis from the company's experts.
Cons
- Lack of advanced analytical tools.
- No integrated services such as Autochartist or Trading Central are provided.
Education
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Rating | 5/5 | 2.5/5 |
Interactive Brokers
Interactive Brokers offers high-quality, diverse education for traders of all levels. Free courses, webinars, video tutorials and practical sessions cover a broad range of topics, from investment basics to complex trading strategies.
Pros
- A wide range of free courses, webinars and podcasts.
- Education for beginners and professionals.
- Practical training using a demo account.
MTrading
MTrading offers basic educational materials targeted at beginner traders, but their range is limited.
Pros
- Articles on the basics of Forex.
- Overviews of indicators and strategies.
Cons
- Lack of advanced educational resources.
- No webinars or video tutorials are provided.
- Limited variety of topics.
Customer Support
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| Broker | Interactive Brokers | MTrading |
|---|---|---|
| Rating | 3/5 | 2.5/5 |
| Email Support | — | |
| Hotline Phones | — | |
| Social Media |
Interactive Brokers
Interactive Brokers offers several contact channels and qualified assistance with trading matters. However, response times and the effectiveness of problem resolution are inconsistent, as reflected in mixed customer reviews.
Pros
- Support by phone, live chat and tickets.
- Nearly 24-hour service on business days.
- Staff expertise in trading matters.
Cons
- Long wait times for responses from support agents.
- Slow resolution of complex issues.
- The need for repeated follow-ups.
MTrading
MTrading's technical support has an average level, with certain shortcomings in communication channels and resolving client issues.
Pros
- Availability of online chat for quick communication.
- Support through social media.
Cons
- Lack of telephone line and email support.
- Issues with response timeliness.
- Complaints about ineffective resolution of finance-related issues.
Comparisons of Interactive Brokers and MTrading with other brokers
Conclusion
When choosing between MTrading and Interactive Brokers, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: Interactive Brokers or MTrading?
MTrading ranks higher than Interactive Brokers in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: Interactive Brokers or MTrading?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — Interactive Brokers or MTrading?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with Interactive Brokers and MTrading?
Interactive Brokers: IBKR Mobile, Trader WorkStation (TWS), IMPACT, IBKR Desktop, Client Portal, GlobalTrader. MTrading: MetaTrader 4. See the “Platforms” section for details and selection tips.
What markets can you trade with Interactive Brokers and MTrading?
Interactive Brokers: Forex, Precious Metals, Energy Carriers, Indices, Stocks. MTrading: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Interactive Brokers and MTrading?
Interactive Brokers: Cash, Margin (Reg T), Portfolio Margin. MTrading: M.Cent, M.Premium, M.Pro. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Interactive Brokers and MTrading?
Interactive Brokers: Bpay, Swift, Automated Clearing House (ACH), SEPA, Online banking. MTrading: Neteller, Skrill. Check method-specific fees/settlement times.
Which broker is safer — Interactive Brokers or MTrading — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
