VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Monday, October 6, 2025

View FX Replay View Interactive Brokers Back to Home

Head-to-head

FX Replay vs Interactive Brokers comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

FX Replay adds Backtesting, Data Visualizations, Monte Carlo, and Calendar coverage that Interactive Brokers skips.

Interactive Brokers includes Brokerage, Advanced Order Types, Smart/Direct Routing, Order Book / Level II, APIs & SDKs, Data APIs, Portfolio, Watchlist, Scenario & Stress Tests, Performance Attribution, and Options & Derivatives categories that FX Replay omits.

FX Replay highlights: Manual backtesting & bar replay with 1‑minute data across assets; seconds timeframes available for some FX and futures symbols., Data sources: Dukascopy & OANDA for FX; CME for futures., and Asset coverage showcase: Forex, Index, Energy, Agricultural, Crypto, and Futures (homepage assets gallery)..

Interactive Brokers is known for: Single universal account providing access to around 160 markets across 36 countries and 28 currencies., More than 100 order types and algos, including Bracket, OCO, and OCA, with either SMART routing or direct exchange routing., and Market depth (Level II) and full order book views via Trader Workstation (TWS)..

FX Replay has a free tier, while Interactive Brokers requires a paid plan.

Interactive Brokers offers mobile access, which FX Replay skips.

FX Replay

fxreplay.com

Browser-based replay & manual backtesting platform for FX, futures (incl. CME), crypto, and commodities. Distinctives include seconds-level data on select markets, multi-chart layouts (up to 16), multi‑asset sessions (up to 5 instruments), analytics with Monte Carlo & RR simulators, a journal/checklists, and an economic calendar (plan-limited country coverage). Paid plans include a 5‑day free trial.

Platforms

Web

Pricing

Free

Subscription

Quick highlights

Manual backtesting & bar replay with 1‑minute data across assets; seconds timeframes available for some FX and futures symbols.
Data sources: Dukascopy & OANDA for FX; CME for futures.
Asset coverage showcase: Forex, Index, Energy, Agricultural, Crypto, and Futures (homepage assets gallery).
MultiPair sessions (backtest up to 5 assets simultaneously).
MultiChart layouts (up to 16 charts).

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Interactive Brokers

interactivebrokers.co.uk

Editor’s pick Hands-on review

A global, multi-asset direct-access broker with coverage across 160 markets in 36 countries and 28 currencies. Crypto trading and some services vary by region (IBKR Crypto is powered by Paxos or Zero Hash where supported). Client APIs include the Client Portal Web API and TWS API; retail users authenticate via the local Client Portal Gateway, while OAuth2 applies to approved web integrations.

Platforms

Web

Mobile

Desktop

API

Pricing

Other

Quick highlights

Single universal account providing access to around 160 markets across 36 countries and 28 currencies.
More than 100 order types and algos, including Bracket, OCO, and OCA, with either SMART routing or direct exchange routing.
Market depth (Level II) and full order book views via Trader Workstation (TWS).
Advanced options analytics with Greeks, implied volatility curves, and a 3D volatility surface viewer.
Risk Navigator for real-time portfolio risk, Value-at-Risk, and what-if scenario analysis.

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Overlap

Shared focus areas

2 overlaps

Mutual strengths include Paper Trading, and Risk Metrics (VaR/ES/Drawdown).

Where they differ

FX Replay

Distinct strengths include:

Manual backtesting & bar replay with 1‑minute data across assets; seconds timeframes available for some FX and futures symbols.
Data sources: Dukascopy & OANDA for FX; CME for futures.
Asset coverage showcase: Forex, Index, Energy, Agricultural, Crypto, and Futures (homepage assets gallery).
MultiPair sessions (backtest up to 5 assets simultaneously).

Interactive Brokers

Distinct strengths include:

Brokerage

Advanced Order Types

Smart/Direct Routing

Order Book / Level II

Single universal account providing access to around 160 markets across 36 countries and 28 currencies.
More than 100 order types and algos, including Bracket, OCO, and OCA, with either SMART routing or direct exchange routing.
Market depth (Level II) and full order book views via Trader Workstation (TWS).
Advanced options analytics with Greeks, implied volatility curves, and a 3D volatility surface viewer.

Feature-by-feature breakdown

Attribute	FX Replay	Interactive Brokers
Categories Which research workflows each platform targets	Shared: Paper Trading, Risk Metrics (VaR/ES/Drawdown) Unique: Backtesting, Data Visualizations, Monte Carlo, Calendar	Shared: Paper Trading, Risk Metrics (VaR/ES/Drawdown) Unique: Brokerage, Advanced Order Types, Smart/Direct Routing, Order Book / Level II, APIs & SDKs, Data APIs, Portfolio, Watchlist, Scenario & Stress Tests, Performance Attribution, Options & Derivatives
Asset types Supported asset classes and universes	Currencies, Futures, Commodities, Cryptos	Stocks, ETFs, Options, Futures, Bonds, Mutual Funds, Currencies, Commodities, Cryptos
Experience levels Who each product is built for	Beginner, Intermediate, Advanced	Beginner, Intermediate, Advanced
Platforms Where you can access the product	Web	Web, Mobile, Desktop, API
Pricing High-level pricing models	Free, Subscription	Other
Key features Core capabilities called out by each vendor	Unique Manual backtesting & bar replay with 1‑minute data across assets; seconds timeframes available for some FX and futures symbols. Data sources: Dukascopy & OANDA for FX; CME for futures. Asset coverage showcase: Forex, Index, Energy, Agricultural, Crypto, and Futures (homepage assets gallery). MultiPair sessions (backtest up to 5 assets simultaneously). MultiChart layouts (up to 16 charts). Analytics: drawdown analytics, strategy analytics, and dashboards.	Unique Single universal account providing access to around 160 markets across 36 countries and 28 currencies. More than 100 order types and algos, including Bracket, OCO, and OCA, with either SMART routing or direct exchange routing. Market depth (Level II) and full order book views via Trader Workstation (TWS). Advanced options analytics with Greeks, implied volatility curves, and a 3D volatility surface viewer. Risk Navigator for real-time portfolio risk, Value-at-Risk, and what-if scenario analysis. Portfolio Rebalancer tool to realign or target allocation weights across accounts.
Tested Verified by hands-on testing inside Find My Moat	Not yet	Yes
Editor pick Featured inside curated shortlists	Standard listing	Highlighted

Frequently Asked Questions

Which workflows do FX Replay and Interactive Brokers both support?

Both platforms cover Paper Trading, and Risk Metrics (VaR/ES/Drawdown) workflows, so you can research those use cases in either tool before digging into the feature differences below.

Which tool offers a free plan?

FX Replay offers a free entry point, while Interactive Brokers requires a paid subscription. Review the pricing table to see how the paid tiers compare.

Which tool has mobile access?

Interactive Brokers ships a dedicated mobile experience, while FX Replay focuses on web or desktop access.

What unique strengths set the two platforms apart?

FX Replay differentiates itself with Manual backtesting & bar replay with 1‑minute data across assets; seconds timeframes available for some FX and futures symbols., Data sources: Dukascopy & OANDA for FX; CME for futures., and Asset coverage showcase: Forex, Index, Energy, Agricultural, Crypto, and Futures (homepage assets gallery)., whereas Interactive Brokers stands out for Single universal account providing access to around 160 markets across 36 countries and 28 currencies., More than 100 order types and algos, including Bracket, OCO, and OCA, with either SMART routing or direct exchange routing., and Market depth (Level II) and full order book views via Trader Workstation (TWS)..

Keep exploring

Stay on top of related tools

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