MetaTrader vs Interactive Brokers

Professional comparison and analysis to help you choose the right software solution for your needs. Compare features, pricing, pros & cons, and make an informed decision.

MetaTrader icon
MetaTrader
Interactive Brokers icon
Interactive Brokers

Expert Analysis & Comparison

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.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

Why Compare MetaTrader and Interactive Brokers?

When evaluating MetaTrader versus Interactive Brokers, both solutions serve different needs within the finance ecosystem. This comparison helps determine which solution aligns with your specific requirements and technical approach.

Market Position & Industry Recognition

MetaTrader and Interactive Brokers have established themselves in the finance market. Key areas include forex, stocks, technical-analysis.

Technical Architecture & Implementation

The architectural differences between MetaTrader and Interactive Brokers significantly impact implementation and maintenance approaches. Related technologies include forex, stocks, technical-analysis, charting.

Integration & Ecosystem

Both solutions integrate with various tools and platforms. Common integration points include forex, stocks and brokerage, stocks.

Decision Framework

Consider your technical requirements, team expertise, and integration needs when choosing between MetaTrader and Interactive Brokers. You might also explore forex, stocks, technical-analysis for alternative approaches.

Feature MetaTrader Interactive Brokers
Overall Score N/A N/A
Primary Category Finance Business & Commerce
Target Users Developers, QA Engineers QA Teams, Non-technical Users
Deployment Self-hosted, Cloud Cloud-based, SaaS
Learning Curve Moderate to Steep Easy to Moderate

Product Overview

MetaTrader
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).

Type: Open Source Test Automation Framework

Founded: 2011

Primary Use: Mobile app testing automation

Supported Platforms: iOS, Android, Windows

Interactive Brokers
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.

Type: Cloud-based Test Automation Platform

Founded: 2015

Primary Use: Web, mobile, and API testing

Supported Platforms: Web, iOS, Android, API

Key Features Comparison

MetaTrader
MetaTrader Features
  • Advanced charting tools
  • Algorithmic trading
  • Backtesting capabilities
  • Expert Advisors (EAs)
  • Virtual Private Servers (VPS)
Interactive Brokers
Interactive Brokers Features
  • Comprehensive trading platforms
  • Access to global markets
  • Low commissions
  • Margin trading
  • Short selling
  • Automated trading
  • Mobile app

Pros & Cons Analysis

MetaTrader
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
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
MetaTrader
  • Free
  • Subscription-Based
Interactive Brokers
Interactive Brokers
  • Subscription-Based
  • Pay-As-You-Go

Get More Information

Ready to Make Your Decision?

Explore more software comparisons and find the perfect solution for your needs