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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #9 · Founded 1999
FXCM is a well-regarded forex broker that provides access to currency pairs on proprietary and third-party trading platforms, with market research, education, and risk management tools. It operates through regulated entities.
Read the FXCM review
Trust rank #2 · Editorial rating 10 / 10 · Founded 1977
Interactive Brokers is a well-regarded forex broker providing broad access to currency pairs, advanced trading platforms, and research and risk management tools. It supports multi-asset trading and a wide range of order…
Read the Interactive Brokers reviewFXCM (United Kingdom, founded 1999) holds 4 regulatory licences (ASIC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. Interactive Brokers (United States, founded 1977) holds 15 regulatory licences (ASIC, CBI, CFTC, CIRO, CSSF…), 10 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 212 countries; FXCM is available in 14 countries where Interactive Brokers is not, and Interactive Brokers in 6 where FXCM is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | FXCM | Interactive Brokers |
|---|---|---|
| Editorial rating | Not verified | 10 / 10 |
| Trust rank | #9 | #2 |
| Founded | 1999 | 1977 |
| Headquarters | United Kingdom | United States |
| Regulators | ASIC, CySEC, FCA, FSCA | ASIC, CBI, CFTC, CIRO, CSSF, DFSA, FCA, FINRA, JFSA, MAS, MNB, NFA, SEBI, SEC, SFC |
| Broker type | STP | DMA |
| Platforms | MT4, Proprietary, TradingView | Proprietary |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 226 countries | 218 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Professional Trading, Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (212): Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros and 172 more.
Only FXCM (14): Afghanistan, Burundi, Central African Republic, Congo, Iraq, Libya, Nauru, Nigeria, Sierra Leone, Somalia, South Sudan, Venezuela, Yemen, Zimbabwe.
Only Interactive Brokers (6): Belgium, Canada, Hong Kong, India, Japan, United States of America.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
Interactive Brokers holds more regulatory licences: FXCM (ASIC, CySEC, FCA, FSCA) versus Interactive Brokers (ASIC, CBI, CFTC, CIRO, CSSF, DFSA, FCA, FINRA, JFSA, MAS, MNB, NFA, SEBI, SEC, SFC). Tier-1 licences: FXCM 2, Interactive Brokers 10.
FXCM offers MT4, Proprietary, TradingView; Interactive Brokers offers Proprietary.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Interactive Brokers is the older of the two, founded in 1977; FXCM was founded in 1999.
They overlap in 212 countries. FXCM is additionally available in 14 countries (Afghanistan, Burundi, Central African Republic, Congo, Iraq, Libya and 8 more) and Interactive Brokers in 6 countries (Belgium, Canada, Hong Kong, India, Japan, United States of America).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.