Interactive Brokers Overview
| Website | interactivebrokers.com |
| Year Founded | 1977 |
| Countries of Registration | United States, United Kingdom, Ireland, Canada, Australia |
| Website Languages | English, Arabic, Chinese (Simplified), Chinese (Traditional), Dutch, French, German, Hebrew, Hungarian, Italian, Japanese, Portuguese, Russian, Spanish |
| Regulators | SEC, FINRA, FCA, CBI, CIRO, ASIC, SFC, SEBI, JFSA, MAS |
| Broker Type | DMA |
| Dealing | A-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, EUR, GBP, AUD, CAD, CHF, JPY, HKD, SGD, SEK, NOK, DKK, NZD, PLN, HUF, CZK, MXN, ZAR, TRY, ILS, KRW, CNH, AED, SAR, MYR, TWD |
| Spread | low |
| Trading Platforms | Trader Workstation (TWS), IBKR Mobile, Client Portal, IBKR GlobalTrader, FXTrader |
| Trading Assets | Stocks, ETFs, Options, Futures, Forex, Bonds, Mutual Funds, Cryptocurrencies, Commodities, CFDs |
Brief look at Interactive Brokers
Interactive Brokers (IBKR) is a global multi-asset broker founded in 1977. Regulated on four continents, IBKR offers direct market access to 150+ exchanges in 33 countries, tight pricing on FX, and some of the lowest commissions in the industry. Clients trade via the powerful Trader Workstation, streamlined Client Portal, or mobile apps, choose from 20+ base currencies, and benefit from SIPC/FSCS investor protection and ESMA-mandated negative balance protection for CFDs.
Pros
- Tier-1 regulation in the US, UK, EU, Canada, Australia, Asia
- Access to 150+ markets across 33 countries and 26 currencies
- Ultra-low spreads and volume-based commissions
- Advanced Trader Workstation plus simple mobile & web platforms
- No minimum deposit for cash accounts and no inactivity fee
- Negative balance protection for EU retail CFD traders
Cons
- Minimum FX order size ~ 20 000 units limits small accounts
- Trader Workstation has a steep learning curve
- No credit/debit-card funding options
- Customer support is not 24/7
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Interactive Brokers Reviews
I've been using Interactive Brokers for over a year now and their trading platform is second to none. The app is user-friendly and the demo account helped me get familiar before I signed up. The spreads are competitive, and the withdrawal time is faster than many other brokers. Highly recommend!
9/15/2023Interactive Brokers offers a variety of account types, which is great for both new and experienced traders. The minimum deposit might be a bit high for beginners, but the bonuses and rebates they offer can offset that.
7/10/2023While I appreciate the range of assets and leverage options Interactive Brokers provides, I found the login process a bit cumbersome at times. The spreads are decent, but I think there are better options out there if you're primarily interested in forex trading.
5/20/2023Interactive Brokers has been a solid choice for my trading needs. The app is comprehensive, and I've enjoyed the demo account to practice strategies. The withdrawal time is reasonable, and overall, I feel confident using this broker for my investments.
8/5/2023I had high hopes for Interactive Brokers, but my experience has been mixed. The minimum deposit is quite high, and while the trading options are extensive, I encountered some issues with the app's functionality. I expected more from a broker of this reputation.
6/30/2023Leave a Review
Is Interactive Brokers regulated?
| Companies | Interactive Brokers LLC, Interactive Brokers (U.K.) Ltd, Interactive Brokers Ireland Ltd, Interactive Brokers Canada Inc., Interactive Brokers Australia Pty Ltd, Interactive Brokers Hong Kong Ltd, Interactive Brokers India Pvt. Ltd, Interactive Brokers Securities Japan Inc, Interactive Brokers Singapore Pte. Ltd |
| Countries | United States, United Kingdom, Ireland, Canada, Australia |
| Regulators | SEC, FINRA, FCA, CBI, CIRO, ASIC, SFC, SEBI, JFSA, MAS |
| Investor Protection | SIPC, FSCS, ICS |
| Investor Protection Size | $500 000 / £85 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Interactive Brokers Account Types
| Property | IBKR Pro |
|---|---|
| Min Deposit | $0 |
| Lot Size | 0.01 lots |
| Spread Type | Floating |
| Execution | Market |
| Min Spread | 0.1 pips |
| Fee | $4 per 1 lot |
| Max Leverage | 1:50 |
| Stop Out | 50% |
| Margin Call | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Interactive Brokers Funding and Fees
| Base currencies | USD, EUR, GBP, AUD, CAD, CHF, JPY, HKD, SGD, SEK, NOK, DKK, NZD, PLN, HUF, CZK, MXN, ZAR, TRY, ILS, KRW, CNH, AED, SAR, MYR, TWD |
| Deposit and withdrawal methods | Bank Wire, ACH, SEPA/Bank Transfer, Check, Wise/Instarem, Online Bill Pay |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee | First withdrawal each month free; subsequent bank wires ~ $10 |
Interactive Brokers Trading Platforms and Conditions
| Trading Platforms | Trader Workstation (TWS), IBKR Mobile, Client Portal, IBKR GlobalTrader, FXTrader |
| Execution Speed | 4 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
Interactive Brokers Trading Assets
| Currencies | 87 |
| Indices | 23 |
| Stocks | 8139 |
| Cryptocurrencies | 11 |
| Bonds | 87 |
| Metals | 4 |
| Energies | 10 |
| Soft Commodities | 15 |
| ETFs | 532 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Interactive Brokers Support
| help@interactivebrokers.com | |
| Phone | +18774422757 |
| YouTube | YouTube |
Interactive Brokers Alternatives
| Broker | Interactive Brokers | eToro | Charles Schwab | XTB |
|---|---|---|---|---|
| Type | DMA | MM, Social | DMA | MM |
| Minimum Deposit | $1 | $200 | $1 | $1 |
| Regulators | SEC, FINRA, FCA, CBI, CIRO, ASIC, SFC, SEBI, JFSA, MAS | SFSA, FCA, CySEC, ASIC, SEC | SEC, FINRA, CFTC, NFA, FDIC | BFSC, KNF, AMF, ACPR, FCA, CNMV, DFSA, BaFin |
| Platforms | Trader Workstation (TWS), IBKR Mobile, Client Portal, IBKR GlobalTrader, FXTrader | eToro | Thinkorswim, StreetSmart Edge, Schwab Web, Mobile | xStation |
| Spread | low | high | average | average |
| Leverage | 1:50 | 1:30 | 1:50 | 1:500 |
| Assets | Stocks, ETFs, Options, Futures, Forex, Bonds, Mutual Funds, Cryptocurrencies, Commodities, CFDs | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Stocks, ETFs, Options, Futures, Forex, Bonds, Mutual Funds, Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies |