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Head to head

Interactive Brokers vs Wingo Markets

Interactive Brokers is licensed by CFTC / NFA in the United States; CIRO in Canada; FCA in the United Kingdom; Central Bank of Ireland in the European Union; ASIC in Australia; MAS in Singapore and DFSA in Dubai (DIFC), UAE. Wingo Markets has no licence we could confirm on a regulator's register. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at Interactive Brokers and $50 at Wingo Markets. Neither offers negative balance protection. Only Interactive Brokers offers segregated client money.

Facts last checked: Interactive Brokers on 20 October 2026, Wingo Markets on 20 October 2026.

Interactive Brokers profileWingo Markets profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
Interactive BrokersStrictly regulatedRead the profile
Wingo MarketsRead the profile
Comparing
Interactive BrokersUnited States
Wingo Markets

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Greenwich, Connecticut, United States
Podgorica, Montenegro (registered office); company incorporated in Mwali, Comoros
Official websites
  • interactivebrokers.com
  • interactivebrokers.co.uk
  • interactivebrokers.ie
  • interactivebrokers.com.au
  • interactivebrokers.ca
  • interactivebrokers.com.sg
  • ibkr.com
  • wingomarkets.com
  • clientx.wingomarkets.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
Interactive Brokers LLC
No licence listed
Regulator
CFTC / NFA
United States
No licence listed
Regulation level
Strictly regulated
No licence listed
Licence number
NFA ID 0258600 (futures commission merchant)
Check the register
No licence listed
Clients this company serves
US residents; also clears and carries many accounts opened through the UK company
No licence listed
All licences held
  • CFTC / NFA (United States)
  • CIRO (Canada)
  • FCA (United Kingdom)
  • Central Bank of Ireland (European Union)
  • ASIC (Australia)
  • MAS (Singapore)
  • DFSA (Dubai (DIFC), UAE)
None listed
Segregated client money
Yes
No
Negative balance protection
No
No
Compensation scheme
SIPC (US, securities only); FSCS in limited circumstances (UK); Irish Investor Compensation Scheme (Ireland); CIPF (Canada)
None

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Not yet checked
Not yet checked

Leverage and margin

Maximum retail leverage
1:30 on major pairs for CFDs (UK, EU, Australia)
1:500
Retail leverage by asset class
  • Major currency pair CFDs: 1:30
  • Non-major currency pair: 1:20
  • Share CFDs: 1:5
Not yet checked
Margin call level
Not yet checked
100%
Stop-out level
Not yet checked
30%

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • Trader Workstation (TWS)
  • IBKR Desktop
  • Client Portal
  • IBKR Mobile
  • IBKR APIs
  • MetaTrader 5
  • Web platform
  • Mobile app
Markets
Spot forex, plus forex, index, metal and share CFDs (CFDs not offered to US or Canadian residents)
Forex, metals, oil, indices, crypto and share CFDs (the broker says 1,000+ instruments)
Demo account
Yes
Yes
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Not yet checked
Not yet checked
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank transfer
  • Wingo Pay
  • Mastercard
  • USDT (TRC20)
  • USDT (BEP20)
  • Volet
  • AdvCash
Withdrawal fee
Not yet checked
Not yet checked
Inactivity fee
None
Not yet checked

Support

Customer support
Phone, chat and secure message support, by region
Phone, email and Telegram

Our notes

Strengths
  • Licensed in the US, Canada, UK, Ireland, Australia and Singapore, all strict regulators
  • Spot forex priced at the quoted interbank spread plus a published commission (0.20 basis points of trade value at the first tier)
  • No account minimum and no inactivity fee
  • Low published minimum deposit ($50 on the Starter account)
  • Account conditions, margin call and stop-out levels are published for every account
  • Social trading account for copying other traders
Watch out for
  • Spot forex commission has a minimum of USD 2.00 per order, so very small trades cost more in percentage terms.
  • UK accounts are cleared and carried by Interactive Brokers LLC in the US for most products; IBKR says products are only covered by the UK FSCS in limited circumstances.
  • Margin accounts can go negative; IBKR's own disclosures say losses may exceed your original investment
  • IBKR also names companies in Hong Kong, Japan and India; we did not confirm those licences on 2026-10-20 and this profile does not cover them.
  • Says it holds International Brokerage and Clearing House licence T2023302 from the Mwali International Services Authority (MISA); we could not confirm it on MISA's register on 2026-10-20 because the register site blocked our access.
  • The Central Bank of the Comoros said on 8 December 2025 that MISA is not recognised in the Union of the Comoros and has no legal power to issue financial licences.
  • FinCEN registration as a money services business is an anti-money-laundering registration, not a licence to offer trading
  • Leverage up to 1:500 and no published negative balance protection

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • Interactive Brokers: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58.9% of retail investor accounts lose money when trading CFDs with IBKR. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Wingo Markets: Trading derivatives and leveraged products involves a high level of risk and may not be suitable for all investors. Before trading, please ensure that you fully understand the risks involved and only trade with money you can afford to lose.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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