FXOpen
ECN legacy broker ★ ★ ★ ★★ ★ 3.8
Needs fresh English review before stronger recommendation
FXOpen vs Interactive Brokers
A side-by-side look at FXOpen and Interactive Brokers — score, fees, platforms and who each one actually fits best.
Interactive Brokers
Institutional-grade, lowest cost ★ ★ ★ ★ ★ 4.1
Publicly traded (NASDAQ: IBKR), commission-based pricing instead of spread markup. Affiliate program leans institutional — likely needs direct outreach rather than a self-serve signup.
Quick verdict
Interactive Brokers scores higher overall (4.1 vs 3.8), but a higher score doesn't automatically mean it's the right pick for you.
FXOpen is the stronger fit for eCN-style forex trading and older MetaTrader workflows, while Interactive Brokers is built more around serious traders wanting global market access and low commissions.
Regulation: FXOpen — FCA, CySEC (194/13) - operating since 2005; ASIC licence discontinued 2024. Interactive Brokers — SEC/FINRA (US), FCA (UK) and more.
Minimum deposit: FXOpen — Depends on account type. Interactive Brokers — No minimum.
Side by side
FXOpenInteractive Brokers
Best forECN-style forex trading and older MetaTrader workflowsSerious traders wanting global market access and low commissions
PlatformsMT4, MT5, TickTraderTrader Workstation, IBKR Mobile
RegulationFCA, CySEC (194/13) - operating since 2005; ASIC licence discontinued 2024SEC/FINRA (US), FCA (UK) and more
Minimum depositDepends on account typeNo minimum
FXOpen strengths
- Long-running brand
- ECN positioning
- Existing affiliate tracking
Interactive Brokers strengths
- Publicly traded broker
- Very low commissions
- Huge global market access
Which one should you pick?
Pick FXOpen if you're mainly after eCN-style forex trading and older MetaTrader workflows. It stands out for long-running brand and eCN positioning.
Pick Interactive Brokers if you're mainly after serious traders wanting global market access and low commissions. It stands out for publicly traded broker and very low commissions.
Common questions
FXOpen vs Interactive Brokers FAQ
Is FXOpen better than Interactive Brokers?
Interactive Brokers scores higher in our rating (4.1 vs 3.8), but FXOpen may still be the better fit if you specifically need eCN-style forex trading and older MetaTrader workflows.
What's the difference in regulation between FXOpen and Interactive Brokers?
FXOpen: FCA, CySEC (194/13) - operating since 2005; ASIC licence discontinued 2024. Interactive Brokers: SEC/FINRA (US), FCA (UK) and more.