MetaTrader vs Interactive Brokers

Struggling to choose between MetaTrader and Interactive Brokers? Both products offer unique advantages, making it a tough decision.

MetaTrader is a Finance solution with tags like forex, stocks, technical-analysis, charting.

It boasts features such as Advanced charting tools, Algorithmic trading, Backtesting capabilities, Expert Advisors (EAs), Virtual Private Servers (VPS) and pros including User-friendly interface, Wide range of technical indicators, Supports automated trading, Available on desktop, web, and mobile.

On the other hand, Interactive Brokers is a Business & Commerce product tagged with brokerage, stocks, options, futures, forex, trading.

Its standout features include Comprehensive trading platforms, Access to global markets, Low commissions, Margin trading, Short selling, Automated trading, Mobile app, and it shines with pros like Very low trading commissions, Excellent trading platforms and tools, Access to many global markets, Good margin rates, Good customer service.

Feature	MetaTrader	Interactive Brokers
Overall Score	N/A	N/A
Primary Category	Finance	Business & Commerce

Product Overview

MetaTrader

Description: MetaTrader is a popular trading platform used for online trading in the forex, CFDs, futures, and stock markets. It offers advanced charting tools, backtesting capabilities, algorithmic trading, Virtual Private Servers (VPS), and Expert Advisors (EAs).

Interactive Brokers

Description: Interactive Brokers is an online brokerage firm that provides trading services for stocks, options, futures, forex, bonds, and funds worldwide. It is known for low trading commissions and advanced trading platforms.

Key Features Comparison

MetaTrader Features

• Advanced charting tools
• Algorithmic trading
• Backtesting capabilities
• Expert Advisors (EAs)
• Virtual Private Servers (VPS)

Interactive Brokers Features

• Comprehensive trading platforms
• Access to global markets
• Low commissions
• Margin trading
• Short selling
• Automated trading
• Mobile app

Pros & Cons Analysis

MetaTrader

Pros

• User-friendly interface
• Wide range of technical indicators
• Supports automated trading
• Available on desktop, web, and mobile

Cons

• Only works with brokers that support MetaTrader
• Limited customization options
• Less securities available compared to other platforms

Interactive Brokers

Pros

• Very low trading commissions
• Excellent trading platforms and tools
• Access to many global markets
• Good margin rates
• Good customer service

Cons

• Website and platforms can be complex for new users
• High minimum deposit
• Limited research and education resources
• No fractional share trading

Pricing Comparison

MetaTrader

• Free
• Subscription-Based

Interactive Brokers

• Subscription-Based
• Pay-As-You-Go