Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
Interactive Brokers
Available in your country Interactive Brokers accepts clients from the country this site is for.
57.9% of retail investor accounts lose money when trading CFDs with this provider.
XTB
Available in your country XTB accepts clients from the country this site is for.
80% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders Interactive Brokers and XTB are best suited to, based on what each one actually offers in Nigeria.Interactive Brokers is better than XTB for day traders, high-volume traders and algo traders. Long-term investors, professional traders and scalpers can choose either Interactive Brokers or XTB.
| Overall score | Interactive Brokers 85 Best 81 Best | XTB 75 -10 75 -6 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise Interactive Brokers and the ones that supervise XTB.Interactive Brokers and XTB are both regulated by top-tier authorities, Interactive Brokers by CBI Ireland, ASIC (Australia) and the SEC (United States) and XTB by CySEC, KNF and the FCA (United Kingdom).
| Section score | Interactive Brokers 100 100 | XTB 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | CBI (Ireland) | CySEC (Cyprus), KNF (Poland) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that Interactive Brokers and XTB have in place to protect your money in Nigeria.Both Interactive Brokers and XTB offer segregated client funds and two-factor authentication. Interactive Brokers also offers an investor compensation scheme and additional money insurance.
| Section score | Interactive Brokers 95 Best 95 Best | XTB 73 -22 73 -22 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1978 | 2002 |
| Parent company i | IBG LLC | XTB S.A. |
| CEO i | Milan Galik | Omar Arnaout |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | ||
| Brand power | ||
| Number of customers worldwide i | 3,337,000 | 1,600,000 |
| Annual revenue i | USD 6,205,000,000 | USD 260,000,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with Interactive Brokers and with XTB in Nigeria, both on each trade and on holding the account.Interactive Brokers is better than XTB for CFD costs, because Interactive Brokers is cheaper on EUR/USD, at 3.33 USD per lot (against XTB's 10.6 USD), charges lower Bitcoin CFD fees, at 0.0012 USD (against XTB's 205.25 USD), and does not charge inactivity fees, unlike XTB. Neither Interactive Brokers nor XTB charges account maintenance fees or account opening fees.
XTB is better than Interactive Brokers for real stock costs, since XTB does not charge options fees (against Interactive Brokers' 0.65 USD per contract), and does not charge real-time market data fees, unlike Interactive Brokers. Neither Interactive Brokers nor XTB charges account maintenance fees or account opening fees.
| Section score | Interactive Brokers 85 Best 43 -28 | XTB 41 -44 71 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 4.65 | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 3.325 | USD 10.6 |
| S&P 500 fees (CFD) i | 0.59 points | |
| Gold fees (CFD) i | 0.89 points | |
| Bitcoin fees (CFD) i | USD 0.0012 | USD 205.25 |
| US stocks fees (CFD) i | USD 0.005 | Free |
| Fees on stocks | ||
| Stock fee type i | ||
| US stocks fees (real) i | Free | |
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 0.85 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 0.65 | Free |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with Interactive Brokers and with XTB in Nigeria, and of how many instruments each one gives access to.Interactive Brokers is better than XTB for CFD markets, given that Interactive Brokers gives access to 15,000 tradable symbols (against XTB's 5,200), lets you own crypto, funds and forex outright, which XTB does not, and offers futures on bonds, commodities, crypto, forex and indices, which XTB does not. Both Interactive Brokers and XTB offer CFDs on commodities, crypto, forex, indices and stocks, and let you own bonds, ETFs and stocks outright.
Interactive Brokers is better than XTB for real stock markets, given that Interactive Brokers lets you own crypto, funds and forex outright, which XTB does not, gives access to 15,000 tradable symbols (against XTB's 5,200), and offers futures on bonds, commodities, crypto, forex and indices, which XTB does not. Both Interactive Brokers and XTB let you own bonds, ETFs and stocks outright, and offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | Interactive Brokers 100 Best 100 Best | XTB 75 -25 45 -55 |
|---|---|---|
| Total tradable symbols i | 15,000 | 5,200 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Bonds, Commodities, Crypto, Forex, Indices | |
| Options i | Bonds, Commodities, Crypto, ETF, Forex, Indices, Stocks | |
| Assets you can own i | Bonds, Crypto, ETF, Funds, Forex, Stocks | Bonds, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that Interactive Brokers and XTB make available to their clients in Nigeria.XTB is better than Interactive Brokers for platforms, as XTB offers Mirror Trader, which Interactive Brokers does not. Both Interactive Brokers and XTB offer a proprietary platform and TradingView.
| Section score | Interactive Brokers 80 -6 80 -6 | XTB 86 Best 86 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of Interactive Brokers and XTB in Nigeria, and of what each one lets you do from your phone.Interactive Brokers is better than XTB for mobile trading, as Interactive Brokers offers mobile charting tools and mobile drawing tools, which XTB does not. Interactive Brokers and XTB both offer a proprietary mobile app and mobile price alerts.
| Section score | Interactive Brokers 80 Best 80 Best | XTB 67 -13 67 -13 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that Interactive Brokers and XTB allow on their platforms in Nigeria.XTB is better than Interactive Brokers for CFD trading features, since XTB offers negative balance protection, which Interactive Brokers does not. Interactive Brokers and XTB both offer trailing stops and API access.
Interactive Brokers and XTB are equally good for real stock trading features, as Interactive Brokers offers fractional shares and tier-1 liquidity providers. On the other hand, XTB has no minimum trade size on stocks (against Interactive Brokers' 1 USD). Interactive Brokers and XTB both offer trailing stops and API access.
| Section score | Interactive Brokers 71 -4 73 -1 | XTB 75 Best 74 |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | NDD |
| Average execution time i | 6 ms | |
| Slippage occurrence i | 28.05% | |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 3:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 1 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at Interactive Brokers and at XTB in Nigeria, and of who each one is meant for.Interactive Brokers is better than XTB for CFD account types, given that Interactive Brokers offers a raw spread account, which XTB does not. Both Interactive Brokers and XTB offer a demo account and a professional traders account.
Interactive Brokers is better than XTB for real stock account types, because Interactive Brokers offers a retirement account, which XTB does not. Both Interactive Brokers and XTB offer a stock investing account and a demo account.
| Section score | Interactive Brokers 54 Best 53 Best | XTB 50 -4 49 -4 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with Interactive Brokers and with XTB in Nigeria.Interactive Brokers and XTB are equally good for account opening, since Interactive Brokers offers 17 account base currencies (against XTB's 2), and pays out withdrawals faster, within 1 day (against XTB's 3 days). On the other hand, XTB credits deposits faster, within the same day (against Interactive Brokers' 1 day), and offers debit cards. Neither Interactive Brokers nor XTB requires a minimum deposit.
| Section score | Interactive Brokers 65 65 | XTB 65 65 |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | AUD, CAD, CHF, CNY, CZK, EUR, GBP, HKD, HUF, JPY, MXN, NOK, NZD, RUB, SEK, SGD, USD | EUR, USD |
| Deposit waiting time i | up to 1 business days | Instant |
| Withdrawal waiting time i | up to 1 business days | up to 3 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Interactive Brokers and XTB in Nigeria, in how it can be reached and how fast it answers.XTB is better than Interactive Brokers for customer care, since XTB offers customer support in 10 languages (against Interactive Brokers' 8), and has a website in 14 languages (against Interactive Brokers' 8). Both Interactive Brokers and XTB offer phone support and live chat.
| Section score | Interactive Brokers 58 -4 58 -4 | XTB 62 Best 62 Best |
|---|---|---|
| Number of languages supported i | 8 | 14 |
| Website languages i | German, English, French, Italian, Japanese, Russian, Spanish, Chinese | Arabic, Czech, German, English, French, Hungarian, Italian, Polish, Portuguese, Romanian, Slovenian, Spanish, Turkish, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, French, Italian, Japanese, Russian, Spanish, Chinese | Arabic, Greek, English, French, Italian, Russian, Spanish, Thai, Turkish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that Interactive Brokers and XTB provide to their clients in Nigeria.Interactive Brokers is better than XTB for learning, as Interactive Brokers offers professional reports, which XTB does not. Interactive Brokers and XTB both offer education for advanced traders and webinars.
| Section score | Interactive Brokers 92 Best 92 Best | XTB 88 -4 88 -4 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
Interactive Brokers vs XTB: which one should you choose?
Interactive Brokers
CFD Choose Interactive Brokers, regulated by the SEC and the FCA, if you want an online CFD broker with low trading costs, a wide choice of markets and high-frequency trading strategies.
Stocks Choose Interactive Brokers, regulated by the SEC and CIRO, if you want a share dealing service for options and futures trading, with a wide choice of markets and fast withdrawals.
Open Account 57.9% of retail investor accounts lose money when trading CFDs with this provider.
XTB
CFD Choose XTB, regulated by CySEC and the KNF, if you want a CFD and forex broker with fast deposits and an app for smartwatches.
Stocks Choose XTB, regulated by CySEC and the KNF, if you want a broker for securities investing with commission-free US stocks and fast deposits.
Open Account 80% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include Interactive Brokers or XTB, each scored with the same data and method as this page.
