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XTB vs Interactive Brokers (IBKR): 2024 Comparison

Franklin Silva| Updated January 3rd, 2024

Are you confused about whether to choose XTB vs Interactive Brokers as a broker for your investing needs?

In this side-by-side comparison, we analyse XTB vs Interactive Brokers to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.

Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!

XTB vs Interactive Brokers (IBKR): 2024 Comparison 1
Visit XTBAsset 3

76-85% of retail CFD accounts lose money.

Ideal for
Commission-free ETFs and CFDs trading

XTB is a well-known online broker listed on the Warsaw Stock Exchange. It has two trading platforms (xStation 5 and xStation Mobile), a diverse range of tradeable instruments, and exceptional customer service.

xStation Mobile is a premier application for charts and technical analysis, with the ability to apply numerous indicators like moving averages and volume. Navigation is simple, with an intuitive order placing for any asset class.

On the negative side, XTB has a limited product portfolio and charges a €10 monthly inactivity fee (after 1+ year with no activity plus no deposit in the last 90 days).

Ideal for
Every investor (best overall)

Interactive Brokers is a global online broker and publicly listed company which surpassed major financial crises, showing resilience and a rigorous risk management process.

It offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, and currencies) from 150 markets.

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs.

Pros and Cons

Pros

  • Free stocks trading (only applicable to some countries)
  • Customizable trading platform (charts and workspace)
  • Low Forex Spreads
  • Demo account
  • No minimum account deposit
  • Valuable education materials
  • Top-tier Regulators

Cons

  • Complex trading platform for a beginner
  • High Stock CFD spreads
  • Limited product portfolio
  • Withdrawal fees for transfers below $100
  • Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)

Pros

  • Low commissions on US stock trading
  • No monthly inactivity fee
  • The broadest product and markets range in the brokerage industry
  • Demo account
  • Excellent reputation (founded in 1978)
  • Extensive research and Education tools
  • Has a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors, IBKR GlobalTrader.
  • Offers interest on uninvested cash balances

Cons

  • Complicated and lengthy account opening process (but fully online)
  • Steeper learning curve for beginners
  • Website is difficult to navigate
  • Interactive Advisors (Robo-advisor feature) is only available for US customers
XTB vs Interactive Brokers (IBKR): 2024 Comparison 3
XTB vs Interactive Brokers (IBKR): 2024 Comparison 4
  •  
  • General Information
  • Founded in
  • Demo Account
  • Account Minimum
  • Interest on uninvested cash (annually)
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks
  • EU stocks
  • ETFs
  • Cryptocurrencies
  • Custody Fee
  • Inactivity Fee
  • Withdrawal Fee
  • Connectivity Fee
  • Currency Conversion Fee
  • Security
  • Regulators
  • Investor Compensation Scheme(per person, per institution)
  • XTBAsset 3

    76-85% of retail CFD accounts lose money.

  • General Information
  • Founded in2002
  • Demo Account
  • Account Minimum€/$/£1
  • Interest on uninvested cash (annually)EUR: 3.80% first 90 days, then 2.00% (quoted annually); USD: Up to 5%
  • Products
  • Stocks*Only in some countries.
  • ETFs*Only in some countries.
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*On Stocks, ETFs, Forex, Indices, and Commodities.
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks€0**Up to €100.000 in monthly volume transactions - Only applicable in some countries.
  • EU stocks€0**Up to €100.000 in monthly volume transactions - Only applicable in some countries.
  • ETFs€0**Up to €100.000 in monthly volume transactions - Only applicable in some countries.
  • CryptocurrenciesNot Applicable**Spreads from 0.22% on Crypto CFDs.
  • Custody Fee€0
  • Inactivity Fee€10/month**After 1 year login inactivity and if no deposit was made in the previous 90 days.
  • Withdrawal Fee€0
  • Connectivity Fee€0
  • Currency Conversion Fee0.50%
  • Security
  • RegulatorsFCA, KNF, CySEC, DFSA and FSC
  • Investor Compensation Scheme(per person, per institution)

    Up to €20,000 for clients under XTB SA; Up to £85,000 for clients under XTB Limited.

  • Interactive BrokersAsset 3
  • General Information
  • Founded in1978
  • Demo Account
  • Account Minimum€/$/£0
  • Interest on uninvested cash (annually)EUR: 3.467%; USD: 4.83%; GBP: 4.75% (as of January 2024)
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*On Stocks, Indices, Metals, and Forex.
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocksTiered plan: $0.0035 per share**Min. $0.35; Max. 1% of trade value.
  • EU stocksTiered plan: 0.05% of trade value**Min. €1.25; Max. €29.
  • ETFsTiered plan: 0.05% of trade value**Min. €1.25; Max. €99.
  • CryptocurrenciesUp to 0.18% of the trade value**Only in the US.
  • Custody Fee€/$/£0
  • Inactivity Fee€/$/£0
  • Withdrawal Fee€/$/£0**One free withdrawal per month
  • Connectivity Fee€/$/£0
  • Currency Conversion Fee0.0020%
  • Security
  • RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.
  • Investor Compensation Scheme(per person, per institution)

    Up to £85,000 for clients under IB U.K. Limited; Up to €20,000 for clients under IB Ireland Limited.

Franklin Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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