Interactive Brokers vs DNA Markets (2024)

Review

4.3

Review

DNA Markets is #4 in our CFD broker rankings.

Traders from Israel not accepted

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Traders from Israel accepted

Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 250+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

Customer Reviews

Based on 2 Interactive Brokers customer reviews

Based on 3 DNA Markets customer reviews

Comment by Reviewer "Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry." "DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. " Pros

IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
There's a vast library of free or paid third-party research subscriptions catering to all types of traders.; plus, you can enjoy commission reimbursem*nts from IBKR if you subscribe to Toggle AI.
IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.
While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.

Short-term trading strategies are permitted including scalping and automated trading using Expert Advisors (EAs)
Convenient account funding with 7 base currencies, a $100 deposit and a wide range of payment methods
Low trading fees with spreads from 0.0 pips in the Raw account and zero non-trading fees
Top-rate platforms and charting tools for day traders with access to MT4 and MT5
24/5 customer support with response times of <2 minutes during testing

Cons

TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.

Although it continues to strengthen its client base and reputation DNA Markets lacks the track record of top brokers like Vantage
The investment offering trails alternatives, especially in terms of stocks, cryptos and commodities
There are limited educational and research tools, reducing its appeal to beginners
Despite access to MT4 and MT5, there is no proprietary trading app

See Also

Broker Definition ▷ Was ist ein Broker?

Instruments Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies CFDs, Forex, Indices, Commodities, Stocks, Crypto Demo Account Yes Yes Minimum Deposit $0 $100 Trading Platforms

Trader Workstation (TWS)
Desktop
GlobalTrader
Mobile
Client Portal
AlgoTrader
OmniTrader
eSignal
TradingCentral

Payment Methods

ACH Transfer
Automated Customer Account Transfer Service
Cheque
Debit Card
TransferWise
Wire Transfer

AstroPay
Bitcoin Payments
Bitwallet
BPAY
Credit Card
Debit Card
Mastercard
Neteller
Skrill
Wire Transfer

Minimum Trade $100 0.01 Lots Regulator FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB ASIC Margin Trading Yes Yes Margin Rate 1.55 - 2.59% STP Account Yes No ECN Account No Yes DMA Account Yes No MAM Account Yes No PAMM Account No No LAMM Account No No Demat Account No No AI / Machine Learning Yes No Robo Advisor Yes No Negative Balance Protection Yes Yes Market Maker No No P2P Trading No No Spot Trading Yes No Mobile Apps iOS & Android iOS & Android App Review

The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform.

Our initial disappointment with DNA Markets’ lack of a proprietary mobile app was quickly overshadowed by the impressive functionality of the MT4 and MT5 mobile apps. These platforms deliver a seamless trading experience akin to their desktop counterparts, with smooth charting and customizable features optimized for mobile use. The addition of push notifications and plentiful daily news accessible directly from your phone ensures you’re kept in the loop with key market updates.

Android App Rating

4.6

4.4

iOS App Rating

3.4

4.8

Auto Trading Capitalise.ai & TWS API Expert Advisors (EAs) on MetaTrader Copy Trading No Yes Copy Trading Platform DNA Markets offers Signal Start, a user-friendly copy trading solution. The tool is easy to use and new traders enjoy the first 3 months subscription-free. On the negative side, it lacks the social trading features you get with more comprehensive apps like eToro. Social Trading No No Trade Signals Signal Start VPS Hosting No No Tournaments No No Demo Competitions No No Ethical Investing Yes No Custodial Account No No Guaranteed Stop Loss No No Inactivity Fee $0 $0 Islamic Account No No Account Currencies

Stock Exchanges

Borsa Italiana
CAC 40 Index France
Chicago Mercantile Exchange
Euronext
IBEX 35
Japan Exchange Group
Korean Stock Exchange
London Metal Exchange
London Stock Exchange
Nasdaq
New York Stock Exchange
Russell 2000
Shenzhen Stock Exchange
Toronto Stock Exchange

Australian Securities Exchange
CAC 40 Index France
DAX GER 40 Index
Dow Jones
FTSE UK Index
Hang Seng
Japan Exchange Group
Nasdaq
New York Stock Exchange
Russell 2000

Commodities

Aluminium
Gold
Lead
Natural Gas
Precious Metals
Soybeans
Zinc

Gold
Oil
Platinum
Silver

CFD Trading Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned day traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. DNA Markets offers a small suite of 250 CFDs covering stocks, indices, forex, commodities and cryptos, providing opportunities to speculate on rising and falling prices. There are no restrictions on strategies with leverage up to 1:30 (Australia) or 1:500 (rest of world). Leverage 1:50 1:500 FTSE Spread 0.005% (£1 Min) 1.7 GBPUSD Spread 0.08-0.20 bps x trade value 1.0 Oil Spread 0.25-0.85 1.5 Stocks Spread 0.003 1.0 cent + $0.02 per share, per side (Apple) Forex Trading IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. DNA Markets continues to deliver an excellent environment for forex traders with 40+ currency pairs and low spreads from 0.0 pips on the EUR/USD during tests. The MetaTrader 4 platform, available on desktop, web and mobile, was also designed specifically for forex trading. GBPUSD Spread 0.08-0.20 bps x trade value 1.0 EURUSD Spread 0.08-0.20 bps x trade value 1.0 EURGBP Spread 0.08-0.20 bps x trade value 1.0 Assets 100+ 40+ Currency Indices

Cryptocurrency IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. You can trade a handful of cryptos 24/7. However, the narrow selection of 4 tokens trails alternatives like Vantage with its 40+ tokens, while the spread from $28 on Bitcoin is significantly higher than the cheapest crypto brokers. Spread 0.12%-0.18% $28 (Bitcoin) Coins

Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

Review

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DNA Markets
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Interactive Brokers vs DNA Markets (2024)

FAQs

Which broker is better than Interactive Brokers? ›

Interactive Brokers and its alternatives compared

Broker	Web platform score	Mobile platform score
Webull	5.0 /5	5.0 /5
Alpaca Trading	3.7 /5	4.2 /5
Robinhood	3.5 /5	5.0 /5
Vanguard	3.4 /5	4.4 /5

7 more rows

Tell Me More ›

Do professional traders use Interactive Brokers? ›

"Because Interactive Brokers' core clientele are professional traders and institutional investors (e.g., hedge funds), it is crucial to provide the lowest commissions schedule available. In our rigorous assessment, there is no question Interactive Brokers delivers."

Learn More ›

What is the commission for DNA markets? ›

DNA Markets offers two distinct account types: the Raw Account and the Standard Account. The Raw Account type offers spreads starting from 0.0 pips, with a commission of $3 per side. This account requires a minimum deposit of $100 and allows a minimum trade size of 0.01.

Show Me More ›

Are Interactive Brokers fees high? ›

Fees. Interactive Brokers has low trading fees and the best margin rates in the industry. IB currently pays interest (up to 4.83% for USD) on cash balances if you have a $100k account (net asset value).

See Details ›

Who is the number 1 online broker? ›

Compare the Best Online Brokers

Broker	Star Rating	Fractional Share Trading of Stocks
Fidelity Investments	4.8	Yes
Charles Schwab	4.7	Yes
Interactive Brokers	4.7	Yes
tastytrade	4.5	Yes

3 more rows

Get More Info ›

Which broker do most traders use? ›

Although IBKR Pro has upfront costs, it will likely be the choice of most day traders looking for fine control over order execution. Whether Lite or Pro, Interactive Brokers also gives traders access to the industry's lowest margin rates to leverage up and amplify returns on positions.

Know More ›

Do I actually own stock on Interactive Brokers? ›

Unlike a mutual fund investor, you continue to be the direct owner of the underlying securities that are held in your own brokerage account. Your assets are held in an Interactive Brokers LLC brokerage account in your own name.

Find Out More ›

Should beginners use Interactive Brokers? ›

Ease of use: 2/5

However, for the more knowledgable investors, the tools Interactive Brokers offers are really helpful to provide you the analysis you're seeking but it remains complicated for beginner investors. That's why we've rated it a 2 out of 5!

Keep Reading ›

What is the best stock broker in the USA? ›

Summary of the best brokerage accounts:

Fidelity Investments.
Interactive Brokers.
Charles Schwab.
Webull.
J.P. Morgan Self-Directed Investing.
Robinhood.
SoFi Active Investing.
E*TRADE.

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5 days ago

Learn More Now ›

Can DNA companies sell your data? ›

Some companies share that data with law enforcement, and most sell your DNA data to third parties, after which it can become difficult to track. For some people who work for small companies or serve in the military, it can affect insurance premiums and even the ability to get insurance at all.

Find Out More ›

What is the largest DNA company? ›

AncestryDNA – Best DNA test kit overall; largest sample database in the world to match with relatives easily; prices start at $99. 23andMe – Best for finding relatives and tracing your ancestry through ancient history; prices start at $119.

Who shares 100% DNA? ›

Identical (i.e., monozygotic, or MZ) twins share 100 percent of their genes, whereas fraternal (i.e., dizygotic, or DZ) twins generally share only 50 percent of their genes.