FXGT
Interactive Brokers
FXGT vs Interactive Brokers
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FXGT and Interactive Brokers are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FXGT, founded in 2019 and headquartered in Limassol, Cyprus, is regulated by CySEC, FSA and offers spreads starting from 0.0 pips with a minimum deposit of $5. Interactive Brokers, established in 1978 in Greenwich, USA, holds licenses from SEC, FCA, ASIC, MAS, IIROC with spreads from 0.1 pips and a $0 minimum deposit. In our hands-on testing across 8 scoring categories, Interactive Brokers scored 9.2/10 overall compared to FXGT's 7.2/10, making it the stronger pick for most traders. That said, FXGT holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Interactive Brokers scores 9.2/10 overall vs 7.2/10 for FXGT — a 2.0-point difference.
- 💵
Interactive Brokers requires just $0 to start, while FXGT needs $5 — Interactive Brokers is 5x more accessible.
- 📈
Interactive Brokers offers 1,000,000+ instruments vs 400+ at FXGT — a massive gap in market coverage.
- 🖥️
FXGT runs on MT5, while Interactive Brokers uses TWS, IBKR Mobile, IBKR GlobalTrader — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Research & Analysis: Interactive Brokers scores 9.5 vs 6.5 for FXGT — a 3.0-point difference.
Our Verdict
FXGT
Score: 7.2/10 · Wins 0 categories- You prefer FXGT's trading environment overall
Interactive Brokers
Score: 9.2/10 · Wins 6 categories- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
Interactive Brokers takes the lead with an overall score of 9.2/10 compared to 7.2/10, winning in 6 out of 8 scoring categories. Interactive Brokers stands out for lower trading costs and better trading platforms, while FXGT remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, Interactive Brokers comes out ahead with a 9.2/10 overall rating, winning 6 out of 8 categories. Its strongest area is Regulation & Trust where it scores 10.0/10. Interactive Brokers holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FXGT is not without merit — it scores 7.2/10 overall and excels in Deposit & Withdrawal (8.0/10). For a complete breakdown, read our full Interactive Brokers review and FXGT review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
Interactive Brokers wins by 2.0 points
Interactive Brokers wins by 1.5 points
Interactive Brokers wins by 2.5 points
Interactive Brokers wins by 1.5 points
Interactive Brokers wins by 3.0 points
Interactive Brokers wins by 3.0 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.2/10 | 9.2/10 ✓ |
| Min Deposit Lower is better | $5 | $0 ✓ |
| Max Leverage | 1:1000 | 1:50 |
| Spreads From | 0.0 pips | 0.1 pips |
| Platforms | MT5 | TWS, IBKR Mobile, IBKR GlobalTrader |
| Regulation | CySEC, FSA | SEC, FCA, ASIC, MAS, IIROC |
| Founded Older track record highlighted | 2019 | 1978 ✓ |
| Markets | 400+ | 1,000,000+ ✓ |
Fees & Costs
When it comes to trading costs, Interactive Brokers has the edge with a score of 9.5/10 versus 7.5/10 for FXGT. FXGT offers spreads starting from 0.0 pips, while Interactive Brokers starts from 0.1 pips. The minimum deposit at FXGT is $5, compared to $0 at Interactive Brokers. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Interactive Brokers scores 8.5/10 for platforms compared to 7/10 for FXGT. FXGT provides MT5, while Interactive Brokers offers TWS, IBKR Mobile, IBKR GlobalTrader. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FXGT is regulated by CySEC, FSA (Tier 1), while Interactive Brokers holds licenses from SEC, FCA, ASIC, MAS, IIROC (Tier 1). FXGT scores 7.5/10 and Interactive Brokers scores 10/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Interactive Brokers leads with 8/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FXGT and Interactive Brokers both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FXGT offers 24/7 Live Chat, Email and scores 7.5/10, while Interactive Brokers provides 24/6 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FXGT scores 8/10 for deposits and withdrawals, while Interactive Brokers scores 8/10. FXGT accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and Interactive Brokers supports Bank Transfer, ACH. Processing times, fees, and available currencies vary. FXGT requires a minimum deposit of $5 versus $0 for Interactive Brokers. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Interactive Brokers if you...
- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FXGT better than Interactive Brokers?
Interactive Brokers scores higher overall (9.2/10 vs 7.2/10), winning 6 of 8 categories. However, FXGT remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, FXGT or Interactive Brokers?
Interactive Brokers scores higher for trading costs. FXGT offers spreads from 0.0 pips with a $5 minimum deposit, while Interactive Brokers starts from 0.1 pips with $0 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FXGT safe to trade with?
FXGT is regulated by CySEC, FSA and scores 7.5/10 for regulation. Interactive Brokers is regulated by SEC, FCA, ASIC, MAS, IIROC with a score of 10/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FXGT or Interactive Brokers?
Interactive Brokers scores 8.5/10 for platforms. FXGT offers MT5, while Interactive Brokers provides TWS, IBKR Mobile, IBKR GlobalTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FXGT vs Interactive Brokers?
FXGT requires a minimum deposit of $5, while Interactive Brokers requires $0. Interactive Brokers has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.