Interactive Brokers vs Markets.com (2026): regulation, platforms and costs compared

Advertiser disclosure: some links on this page may be affiliate links, meaning BrokerCatalogue may earn a commission if you open an account. This never affects the data shown here, which is drawn from our catalogue and compared mechanically. How we make money.

Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

Interactive Brokers

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 review

Markets.com

Trust rank #18 · Founded 2008

Markets.com is a well‐regarded forex and CFD broker offering broad access to currency pairs and multi‐asset CFDs on intuitive web and mobile platforms. It provides built‐in research, education, and risk management tools…

Read the Markets.com review

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. Markets.com (Cyprus, founded 2008) holds 5 regulatory licences (ASIC, BVI FSC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, MT5, Proprietary and sits in our low-fee bracket. The two overlap in 166 countries; Interactive Brokers is available in 52 countries where Markets.com is not, and Markets.com in 9 where Interactive Brokers is not.

Verdict at a glance

  • Interactive Brokers leads on trust rank, track record, regulatory coverage, country coverage and tier-1 licences.
  • Markets.com leads on platform choice.
  • Level on instrument range and fee level.

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.

Interactive Brokers vs Markets.com: side-by-side data

CriteriaInteractive BrokersMarkets.com
Editorial rating10 / 10Not verified
Trust rank#2#18
Founded19772008
HeadquartersUnited StatesCyprus
RegulatorsASIC, CBI, CFTC, CIRO, CSSF, DFSA, FCA, FINRA, JFSA, MAS, MNB, NFA, SEBI, SEC, SFCASIC, BVI FSC, CySEC, FCA, FSCA
Broker typeDMAMarket Maker
PlatformsProprietaryMT4, MT5, Proprietary
InstrumentsCommodities, Cryptocurrencies, Forex, Indices, MetalsCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted218 countries175 countries
Fee levelLowLow
Trading typesCFD Trading, Spot TradingCFD Trading
Best-for use casesProfessional Trading, Retail TradingRetail 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.

Pros

Interactive Brokers

  • Transparent commission-based FX pricing with tight spreads
  • Aggregated multi-bank liquidity (IDEALPRO)
  • Professional platforms (TWS) and institutional APIs (FIX/REST)
  • Advanced risk management with real-time margin analytics
  • Universal multi-asset account for FX hedging and settlement

Markets.com

  • Multi-jurisdiction tier-1 regulation (FCA/ASIC) + segregated client funds
  • MT4/MT5 and proprietary platforms with advanced analytics
  • 2,000+ instruments including 50+ forex pairs
  • Integrated research, sentiment, and economic calendar tools
  • Negative balance protection for retail clients

Cons

Interactive Brokers

  • No MT4/MT5 support
  • Steep learning curve
  • Commission-based FX pricing
  • 25k IDEALPRO minimum order size
  • Limited funding methods

Markets.com

  • No raw/commission pricing; wider spreads
  • Not available to U.S. clients
  • Protections vary by entity; weaker safeguards offshore
  • No cTrader or DMA/ECN access
  • Currency conversion fees apply

Key features

Interactive Brokers

  • Agency model with direct market access to multiple liquidity providers
  • Spot forex and forex CFDs across major and minor pairs
  • Trader Workstation FXTrader with advanced order types and depth of market
  • Smart order routing and transparent interbank pricing with commissions
  • FIX and REST API support for algorithmic forex trading
  • Two factor authentication IB Key and top tier global regulation

Markets.com

  • Multi jurisdiction regulation and client fund segregation
  • Forex and CFD trading across major asset classes
  • Proprietary web and mobile platforms with MT4 and MT5
  • Advanced research sentiment and event tools
  • Negative balance protection and risk management
  • Spread betting for UK clients

Country availability: Interactive Brokers vs Markets.com

Available at both (166): Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Aruba, Austria, Bahamas, Bahrain, Barbados, Benin, Bermuda, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Burkina Faso, Cabo Verde, Cameroon, Cayman Islands, Chad, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Costa Rica, Croatia, Curaçao, Cyprus, Czechia, Côte d'Ivoire, Denmark, Djibouti, Dominica, Dominican Republic and 126 more.

Only Interactive Brokers (52): American Samoa, Armenia, Australia, Azerbaijan, Bangladesh, Belgium, Belize, Bhutan, Brunei, Cambodia, Canada, China, Cook Islands, Guam, Haiti, Hong Kong, Japan, Kazakhstan, Kenya, Kyrgyzstan, Laos, Macao, Maldives, Mali, Micronesia and 27 more.

Only Markets.com (9): Afghanistan, Burundi, Central African Republic, Congo, Iraq, Nigeria, Sierra Leone, Yemen, Zimbabwe.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

Interactive Brokers vs Markets.com: common questions

Which broker is more regulated, Interactive Brokers or Markets.com?

Interactive Brokers holds more regulatory licences: Interactive Brokers (ASIC, CBI, CFTC, CIRO, CSSF, DFSA, FCA, FINRA, JFSA, MAS, MNB, NFA, SEBI, SEC, SFC) versus Markets.com (ASIC, BVI FSC, CySEC, FCA, FSCA). Tier-1 licences: Interactive Brokers 10, Markets.com 2.

Which trading platforms do Interactive Brokers and Markets.com offer?

Interactive Brokers offers Proprietary; Markets.com offers MT4, MT5, Proprietary.

Which has lower fees, Interactive Brokers or Markets.com?

Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.

Which is older, Interactive Brokers or Markets.com?

Interactive Brokers is the older of the two, founded in 1977; Markets.com was founded in 2008.

Are Interactive Brokers and Markets.com available in the same countries?

They overlap in 166 countries. Interactive Brokers is additionally available in 52 countries (American Samoa, Armenia, Australia, Azerbaijan, Bangladesh, Belgium and 46 more) and Markets.com in 9 countries (Afghanistan, Burundi, Central African Republic, Congo, Iraq, Nigeria and 3 more).

Keep comparing

Interactive Brokers

Markets.com

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.