Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| LMAX | Interactive Brokers | |
|---|---|---|
| Overall score | 3.36 / 5 | 4.08 / 5 |
| Regulation | CySEC No. 310/16 + FCA-licensed (FRN unconfirmed) FCA-licensed; firm reference number not independently confirmed. |
FCA No. 208159 |
| Entity | LMAX Broker Europe Ltd | Interactive Brokers (U.K.) Limited |
| Founded | 2010 | 1978 |
| Headquarters | London, United Kingdom (LMAX Group parent, set up by Betfair/Goldman Sachs alumni); LMAX Broker Europe Ltd is the CySEC-licensed Cyprus entity serving EU retail clients | Greenwich, Connecticut, USA |
| Minimum deposit | $10,000 | Not independently confirmed |
| Avg. spread (EUR/USD) | 0.3 pips | Not independently confirmed |
| Platforms | MT4, MT5, Proprietary (LMAX Trader) | TWS (Trader Workstation), IBKR Desktop, IBKR Mobile, Client Portal (WebTrader) |
| Other Tier-1 regulators | None confirmed | NFA/CFTC (US), ASIC, CIRO, MAS, DFSA |
| Instruments | LMAX publishes a specific, independently reported range rather than a vague estimate: 100+ instruments across forex, spot metals (bullion), equity indices, commodities, and cryptocurrency CFDs, plus a "Weekend FX" product (cash-settled FX CFDs tradable over the weekend). No shares/stock CFDs were found in any source. | No single total-instrument count published by the broker; stocks, options, futures, forex, bonds (1,000,000+ bonds), and mutual funds (500+ fund families) across 170+ markets in roughly 40 countries, per IBKR's own fact sheet. |
| Visit | Visit LMAX | Visit Interactive Brokers |
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