ForexVox Vs. Interactive Brokers - Compare Trustworthiness, Capabilities, Fees and Legitimacy


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Overview
ForexVox is a new trading name from Valutrades, a broker operating since 2012 that offers currencies, indices and commodities under FCA and FSAS regulation.	Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.
Best For
Experienced traders that look for an ECN account offering with commissions Currency traders	Seasoned investors looking for a one-stop shop to cover a variety of needs Global investors who seek the most reliable discount service available Traders from intermediate to advanced level
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 10 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
FCA (United Kingdom) FSAS (Seychelles)	SEC (United States) FINRA (United States) FCA (United Kingdom) ASIC (Australia) IIROC (Canada) MNB (Hungary) BSE (India) CBI (Ireland) FSA (Japan) CSSF (Luxembourg) CSSF MAS (Singapore)
The Good
FCA Regulation and being a trading name of ValuTrades (founded in 2012) Scalping is allowed Ecn account offered	High regulation Exceptional number of investment instruments (Above 100,000+) Competitive discount fees
The Bad
Poor asset offering (less than 100 instruments) Low platform offering (only MT4 and MT5 available) Client area lacks usability Average spreads are high	Complicated account opening process Platforms are not beginner friendly Narrow choice of deposit options (Mostly bank transfers)
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 hour	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2020	1978
💳 Minimum Deposit Range
0	0
💰 Payment Methods
Visa Mastercard Skrill Neteller UnionPay USDT (Tether) Bank Transfer SticPay	Bank Transfer ACH (US only) Check (US only) Debit Card (US only) BPAY (Australia only)
💵 Account Base Currencies
3 - EUR, USD, GBP.	23 - USD, EUR, GBP, AUD, CAD, CHF, CNY, CZK, DK, HKD, HUF, INR, ILS, JPY, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, KRW, SEK.
🗽 Available to U.S Citizens
No	Yes
❌ Restricted Countries
US, CA, SY, IR.	AF, SY, SO, SD, LY, NG, BI.
📊 STP Account
Yes	Yes
📊 DMA Account
No	Yes
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	Yes
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
104	173,105
Exchange Access
0	78
📙 Real Stocks
0	100,000
📙 Stock CFDs
0	0
📘 Currency Pairs
0	105
📘 Currency Pair CFDs
74	0
📗 Commodities
0	0
📗 Commodities CFDs
3	0
📕 Indices
0	0
📕 Indices CFDs
15	0
📔 ETFs
0	13,000
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
5	0
📒 Bonds
0	60,000
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
7	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	Variable - Fractions Allowed
📉 Minimum ETFs Trade Size
Unavailable	Variable - Fractions Allowed
📈 Minimum Crypto Trade Size
Unavailable	Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$25,000 (0.25 lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Varies per commodity (eg: 1 Ounce of Gold)
📉 Minimum Bonds Trade Size
Unavailable	$1,000 for corporate/muni bonds, $1 million for treasury bonds
📈 Minimum Futures Trade Size
$1,000 (0.01 Lots)	1 Contract
📉 Minimum Options Trade Size
Unavailable	1 Contract
💪 Retail Leverage
30	Unavailable
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
None	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	One free withdrawal per month, subsequent are $10 per withdrawal or equivalent
💰 Commissions
No commissions on their standard account A $7 per lot round turn commission on their ECN account	Commissions depend on market and residency: US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value. European stocks have €3 minimum and 0.05% trade value. Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1. Options start at $0.25 per contract and go as low as $0.15 per contract. Futures start at $0.85 per contract and go as low as $0.25 per contract
Spreads
📈 EUR/USD
Dynamic - From 1 Pip	Dynamic - From 0.1 Pips
📉 SP500
Dynamic - From 135 Pips	Dynamic - From 01 Pip
📈 GOLD
Dynamic - From 16 Pips	Unavailable
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $0.50
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Unavailable	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
No	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	Yes
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
Yes	No
📡 Account Management
No	Yes
📡 Webinars
No	No