Interactive Brokers adds Paper Trading, Smart/Direct Routing, Order Book / Level II, APIs & SDKs, Data APIs, Portfolio, Watchlist, Risk Metrics (VaR/ES/Drawdown), Scenario & Stress Tests, Performance Attribution, and Options & Derivatives coverage that Markets.com skips.
VOL. XCIV, NO. 247
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Sunday, October 5, 2025
Head-to-head
Interactive Brokers vs Markets.com comparison
Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.
Quick takeaways
Markets.com includes Copy/Social Trading, Alerts, and Education categories that Interactive Brokers omits.
Interactive Brokers 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., and Market depth (Level II) and full order book views via Trader Workstation (TWS)..
Markets.com is known for: Multi-asset CFD coverage including forex, shares, commodities, indices, ETFs, bonds, and crypto (where permitted)., Choice of platforms: proprietary web and mobile apps, MetaTrader 4/5 desktop, and full TradingView integration., and Built-in social and copy trading via Pelican, allowing users to follow signal providers or become one themselves, with performance-based fees..
Markets.com keeps a free entry point that Interactive Brokers lacks.
Interactive Brokers
interactivebrokers.co.uk
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.
Categories
Platforms
Pricing
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.
Community votes (overall)
Markets.com
markets.com
A global CFD broker offering trading across web, mobile, MT4/MT5, and TradingView. Accounts come with 0% commissions and no deposit, withdrawal, or order fees — though spreads, overnight swaps, and currency conversion charges apply. Social and copy trading is enabled via Pelican Exchange Europe and through MT4/MT5 integrations. Retail leverage is capped at 1:30 depending on jurisdiction, with some regions requiring protections such as guaranteed stop-losses. Crypto CFDs are not available to UK residents.
Platforms
Pricing
Quick highlights
- Multi-asset CFD coverage including forex, shares, commodities, indices, ETFs, bonds, and crypto (where permitted).
- Choice of platforms: proprietary web and mobile apps, MetaTrader 4/5 desktop, and full TradingView integration.
- Built-in social and copy trading via Pelican, allowing users to follow signal providers or become one themselves, with performance-based fees.
- Risk management tools include stop-loss and take-profit orders, floating spreads, and push/SMS/email alerts for key events.
- Simple pricing structure: no commissions, account, deposit, or withdrawal fees; trading costs primarily come from spreads, swaps, and conversions.
Community votes (overall)
Shared focus areas
2 overlapsMutual strengths include Brokerage, and Advanced Order Types.
Where they differ
Interactive Brokers
Distinct strengths include:
- 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.
Markets.com
Distinct strengths include:
- Multi-asset CFD coverage including forex, shares, commodities, indices, ETFs, bonds, and crypto (where permitted).
- Choice of platforms: proprietary web and mobile apps, MetaTrader 4/5 desktop, and full TradingView integration.
- Built-in social and copy trading via Pelican, allowing users to follow signal providers or become one themselves, with performance-based fees.
- Risk management tools include stop-loss and take-profit orders, floating spreads, and push/SMS/email alerts for key events.
Feature-by-feature breakdown
Attribute | Interactive Brokers | Markets.com |
---|---|---|
Categories Which research workflows each platform targets | Shared: Brokerage, Advanced Order Types Unique: Paper Trading, Smart/Direct Routing, Order Book / Level II, APIs & SDKs, Data APIs, Portfolio, Watchlist, Risk Metrics (VaR/ES/Drawdown), Scenario & Stress Tests, Performance Attribution, Options & Derivatives | Shared: Brokerage, Advanced Order Types Unique: Copy/Social Trading, Alerts, Education |
Asset types Supported asset classes and universes | Stocks, ETFs, Options, Futures, Bonds, Mutual Funds, Currencies, Commodities, Cryptos | Currencies, Stocks, Commodities, ETFs, Bonds, Cryptos |
Experience levels Who each product is built for | Beginner, Intermediate, Advanced | Beginner, Intermediate, Advanced |
Platforms Where you can access the product | Web, Mobile, Desktop, API | Web, Mobile, Desktop |
Pricing High-level pricing models | Other | Free |
Key features Core capabilities called out by each vendor | Unique
| Unique
|
Tested Verified by hands-on testing inside Find My Moat | Yes | Not yet |
Editor pick Featured inside curated shortlists | Highlighted | Standard listing |
Frequently Asked Questions
Which workflows do Interactive Brokers and Markets.com both support?
Both platforms cover Brokerage, and Advanced Order Types workflows, so you can research those use cases in either tool before digging into the feature differences below.
Which tool offers a free plan?
Markets.com offers a free entry point, while Interactive Brokers requires a paid subscription. Review the pricing table to see how the paid tiers compare.
How can you access Interactive Brokers and Markets.com?
Both Interactive Brokers and Markets.com support web and mobile access, making it easy to keep tabs on research away from the desk.
What unique strengths set the two platforms apart?
Interactive Brokers differentiates itself with 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)., whereas Markets.com stands out for Multi-asset CFD coverage including forex, shares, commodities, indices, ETFs, bonds, and crypto (where permitted)., Choice of platforms: proprietary web and mobile apps, MetaTrader 4/5 desktop, and full TradingView integration., and Built-in social and copy trading via Pelican, allowing users to follow signal providers or become one themselves, with performance-based fees..
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Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.