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Interactive Brokers vs ATFX 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between Interactive Brokers and ATFX? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Interactive Brokers ranks more highly than ATFX.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating expand_moreexpand_less Interactive Brokers ATFX IG
Overall Rating 9.2 / 10 6.6 / 10 9.7 / 10
Account Type expand_moreexpand_less Interactive Brokers ATFX IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account No Yes Yes
Islamic Account No No No
Copy Trading expand_moreexpand_less Interactive Brokers ATFX IG
Social Trading / Copy Trading No Yes Yes
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less Interactive Brokers ATFX IG
Cryptocurrency (Physical) Yes No No
Cryptocurrency (CFD) No Yes Yes
Bitcoin Yes Yes Yes
ethereum No Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less Interactive Brokers ATFX IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Interactive Brokers ATFX IG
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less Interactive Brokers ATFX IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No Yes Yes
Social Trading / Copy Trading No Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes No Yes
ETF Yes Yes Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less Interactive Brokers ATFX IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes No Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) No Yes Yes
MetaTrader 5 (MT5) No No No
Regulatory Licenses expand_moreexpand_less Interactive Brokers ATFX IG
Tier-1 Licenses 8 1 7
ASIC Authorised (Australia) Yes No Yes
IIROC Authorised (Canada) Yes No No
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) Yes No No
MAS Authorised (Singapore) Yes No Yes
FINMA Authorised (Switzerland) Yes No Yes
CFTC Registered (USA) Yes No Yes
Tier-2 Licenses 1 1 2
Tier-3 Licenses 0 1 1
Research, Education expand_moreexpand_less Interactive Brokers ATFX IG
Trading Central (Recognia) Yes Yes No
Forex News (Top-Tier Sources) Yes No Yes
Daily Market Commentary Yes Yes Yes
Autochartist No Yes Yes
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes Yes Yes
Trading Costs expand_moreexpand_less Interactive Brokers ATFX IG
Minimum Initial Deposit $0 $500 ยฃ250.00
Average Spread EUR/USD - Standard 0.6 (August 2022) -1 0.86 (September 2022)
All-in Cost EUR/USD - Active 0.6 (Aug 2022) -1 0.365 (May 2020)
Active Trader or VIP Discounts Yes No Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) No Yes Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less Interactive Brokers ATFX IG
Watchlists - Total Fields 651 7 14
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 127 30 33
Mobile Charting - Indicators / Studies 98 7 33
Trust Factors expand_moreexpand_less Interactive Brokers ATFX IG
Year Founded 1977 2017 1974
Publicly Traded (Listed) Yes No Yes
Bank No No Yes
Authorised in European Union Yes Yes Yes
Trust Score 99 70 99
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Interactive Brokers vs ATFX Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Interactive Brokers vs ATFX.

Can I trust Interactive Brokers?

Interactive Brokers has a trust score of 99, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust ATFX?

ATFX has a trust score of 70, giving it a "Average Risk" trust label.

Is Interactive Brokers a good broker?

Interactive Brokers is a long-standing and highly-trusted broker that holds numerous regulatory licenses across the globe. We've rated IBKR as the best broker for professional traders, and it provides traders with access to over 100 markets, including forex and CFDs. IBKR's recently introduced web-based platform caters well to beginners, and its powerful research and extensive educational content makes for a balanced experience for newcomers and professionals alike.

Is ATFX a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Interactive Brokers is ASIC Authorised (Australia), IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FINMA Authorised (Switzerland), FCA Authorised (U.K.) and CFTC Registered (USA), while ATFX is FCA Authorised (U.K.)., neither have FMA Authorised (New Zealand)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Interactive Brokers is SEBI Authorised (India), while ATFX is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Interactive Brokers is none, while ATFX is FSC Authorised (Mauritius)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Interactive Brokers supports a Proprietary Platform and Desktop Platform (Windows), whereas ATFX supports a Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does Interactive Brokers offer MetaTrader? Does ATFX offer MetaTrader?

For MetaTrader Interactive Brokers provides neither of these, while ATFX provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers., neither have MetaTrader 5 (MT5)

How do Interactive Brokers and ATFX differ in terms of minimum deposit? What about average spreads and funding options?

Interactive Brokers requires a minimum deposit of $0, while ATFX requires a minimum deposit of $500. From our testing we found Interactive Brokers offers spreads of 0.6 (August 2022), while ATFX offers spreads of -1. Interactive Brokers supports Bank Wire (Deposit/Withdraw) for popular funding options, where ATFX supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, Interactive Brokers or ATFX?

Interactive Brokers offers a more diverse selection of investment options than ATFX allowing you to trade Forex Trading, Trading - Forex or CFDs, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Looking at total tradeable symbols, Interactive Brokers has 8300, compared to 150 from ATFX.

Can I trade cryptocurrency with Interactive Brokers or ATFX?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Interactive Brokers nor ATFX allow you to trade physical cryptocurrencies.

Who offers more research tools, Interactive Brokers or ATFX?

In terms of research and research tools Interactive Brokers gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Trading Central (Recognia). In comparison ATFX has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading.




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