Interactive Brokers EUR/USD Spread Compared to Top Competitors
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Your location is United States
The average spread for the EUR/USD across more than 200 brokers that offer ECN and Raw Spread accounts showed it is 0.17 pips. The average spread of Interactive Brokers for the EUR/USD currency pair is 0.2, which corresponds to a High level
How Does Interactive Brokers EUR/USD Spread Compare to top Competitors?
The average EUR/USD spread among over 200 researched Forex brokers on ECN accounts is 0.17 pips All spreads mentioned are based on the analysis of publicly available sources and data provided by the brokers. . We also compared the spreads and per-lot fees of Interactive Brokers with top competitors that accept clients from your country.
| Interactive Brokers | ZForex | OANDA | |
|---|---|---|---|
| EUR/USD | 0.2 | 0.1 | 0.15 |
| GBP/USD | 0.3 | 0.15 | 0.2 |
| ECN commission (per lot) | 2 | 7 | 3.5 |
| Supported Currency pairs | 100 | 50 | 68 |
| Study review | Go to broker Your capital is at risk.
|
Go to broker Your capital is at risk. |
What Other Fees Does Interactive Brokers Charge?
We also compared the spreads of Interactive Brokers on Standard account types with those of competitors, as well as non-trading fees such as inactivity fees and withdrawal fees.
| Interactive Brokers | ZForex | OANDA | |
|---|---|---|---|
| EUR/USD, min pips | 0.2 | 0.1 | 0.1 |
| EUR/USD, max pips | 0.8 | 0.4 | 0.5 |
| GBP/USD, min pips | 0.5 | 0.2 | 0.1 |
| GBP/USD, max pips | 1.5 | 0.6 | 0.5 |
| Interactive Brokers | ZForex | OANDA | |
|---|---|---|---|
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | Yes | 0 | 0 |
| Withdrawal fee, USD | Yes | 0 | 0-15 |
| Inactivity fee, $ | 0 | 0 | 0 |
Interactive Brokers ECN/Raw Spread Account vs Standard Account: Where is the Lower Spread?
According to calculations by Traders Union based on the analysis of over 300 brokers, the average cost of executing a trade of 1 standard lot of EUR/USD on an ECN/RAW account, including spread and commission, is $5.20. In contrast, the average spread on a Standard account is 0.8 pips, which is equivalent to $8 per lot. It is also worth noting that ECN/RAW accounts generally offer faster order execution and allow trading with bots, making them more suitable for active traders.
The average Interactive Brokers EUR/USD spread is 0.2, which equal to 2$, plus you will need to pay a commission per lot of ECN 2$. Interactive Brokers Standard account spread is 0.2, which equal to 0.2; however, there is no extra commission to pay in this case.
What Other Factors Directly Affect Interactive Brokers EUR/USD Spread?
Several factors directly impact Interactive Brokers the overall cost of executing trades in EUR/USD, beyond just the average spread. Here are some key considerations:
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Liquidity and Daily Turnover:
Higher liquidity and larger daily turnover generally result in tighter spreads and better trade execution. Brokers with higher liquidity can offer more competitive pricing and faster order execution, which is crucial for active traders.
Top 3 Forex Brokers by Trading Turnover Average Daily Turnover for All Currency Pairs $B IUX Markets 37 Go to broker Your capital is at risk.IC Markets 29 Go to broker Your capital is at risk.DB Investing 24 Go to broker Your capital is at risk. -
Interactive Brokers Order Execution Speed:
Faster order execution reduces the likelihood of slippage, ensuring that trades are executed at the expected prices. This is especially important for scalpers and high-frequency traders. Typically, order execution speed is better on ECN accounts. Interactive Brokers is an ECN forex broker, which means it offers high.
-
Time of Day:
- Best Times to Trade EUR/USD is Peak Activity: 8:00 AM to 12:00 PM EST (1:00 PM to 5:00 PM GMT). During the overlap of the London and New York sessions, liquidity is highest and spreads are usually the tightest.
- Worst Times to Trade EUR/USD: 5:00 PM to 10:00 PM EST (10:00 PM to 3:00 AM GMT). Spreads widen during this period due to low liquidity when major markets are closed.
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Commission Fees
In addition to spreads, commission fees per trade can significantly impact the total cost. ECN/RAW accounts often charge a commission per lot, which needs to be factored into the overall trading cost.
Interactive Brokers Commison Per Lot is 2$
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Non-Trading Fees:
Inactivity fees, withdrawal fees, and other non-trading charges can add up and impact your overall profitability. It is essential to review all potential fees associated with the broker.
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VPS (Virtual Private Server) Services:
Utilizing a VPS can enhance your trading by providing a stable and high-speed internet connection, reducing latency and potential slippage. This is particularly beneficial for automated trading systems and high-frequency traders, as it ensures your trades are executed as quickly as possible, minimizing execution costs.
Interactive Brokers Extra Services For Active Traders Vs Competitors Interactive Brokers ZForex OANDA Free VPS No Yes Yes API Yes No Yes Signals (alerts) Yes Yes Yes TradingView integration Yes No Yes Trading bots (EAs) Yes Yes Yes Scalping Yes Yes Yes One click trading Yes Yes Yes
Interactive Brokers Regulation and Other Important Trading Conditions
| Regulation | SEC, FINRA, SIPC, FCA, NSE, BSE, SEBI, SEHK, HKFE, IIROC, ASIC, CFTC, NFA |
|---|---|
| Minimum deposit | $1 |
| Trading platform | Desktop: IBKR Desktop, Trader Workstation; Mobile: IBKR Mobile, IBKR GlobalTrader Web-based: Client Portal |
| Accounts | Real, Demo |
| Account currency | IBKR Offers 100+ Currency Pairs On 26 Currencies USD, AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, KRW,1 MXN, MYR,1 NOK, NZD, PLN, SAR, SEK, SGD, TRY, TWD1 and ZAR. |
| Replenishment / Withdrawal | Bank Transfer (SEPA), US ACH Transfer, Direct Debit/Electronic Clearinghouse (ACH), Cheque, Canadian ETF Transfer, BACS / GIRO / ACH |
| Trading features | Options, trading, CFD, ETF, EPF |
| Instruments | Stocks, options, futures, currency, metals, bonds, ETF, mutual funds, CFD, EPF, Robo-portfolios, hedge funds, forecast contracts (Product availability is dependent on IBKR affiliate and client country of residence) |
Can I Copy Trade EUR/USD at Interactive Brokers?
No, Interactive Brokers does not support copy trading. However, you can still benefit from this feature by choosing among the following brokers that do support copy trading:
| Copy trading | ||
|---|---|---|
| JB Markets | Yes | Study review |
| Alior Trader | Yes | Study review |
| Maunto | Yes | Study review |
These platforms offer the ability to follow and replicate the trades of experienced traders, allowing you to participate in the EUR/USD market without needing to manage trades actively. Simply select a broker from the list, and start leveraging professional strategies to enhance your trading results.
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