3TG Brokers

Interactive Brokers Review: Detailed Analysis & Insights

Explore our thorough Interactive Brokers review where we evaluate key aspects such as trading platforms, account options, fees, and customer support. Gain the insights you need to decide if Interactive Brokers aligns with your trading goals.

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Interactive Brokers Overview

Websiteinteractivebrokers.com
Year Founded1977
Countries of RegistrationUnited States, United Kingdom, Ireland, Canada, Australia
Website LanguagesEnglish, Arabic, Chinese (Simplified), Chinese (Traditional), Dutch, French, German, Hebrew, Hungarian, Italian, Japanese, Portuguese, Russian, Spanish
RegulatorsSEC, FINRA, FCA, CBI, CIRO, ASIC, SFC, SEBI, JFSA, MAS
Broker TypeDMA
DealingA-book
Minimum Deposit$1
Account CurrenciesUSD, 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
Spreadlow
Trading PlatformsTrader Workstation (TWS), IBKR Mobile, Client Portal, IBKR GlobalTrader, FXTrader
Trading AssetsStocks, 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

Is Interactive Brokers available in my country?

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Interactive Brokers accepts clients from United States!

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Interactive Brokers Reviews

3.6/5
5 reviews
TraderJoe88

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!

9/15/2023
ForexFanatic

Interactive 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.

7/10/2023
InvestSmart24

While 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.

5/20/2023
ChartMaster99

Interactive 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.

8/5/2023
RiskyTrader

I 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.

6/30/2023

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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

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

Interactive Brokers Alternatives

BrokerInteractive BrokerseToroXTB
TypeDMAMMMM
Minimum Deposit$1$200$1
RegulatorsSEC, FINRA, FCA, CBI, CIRO, ASIC, SFC, SEBI, JFSA, MASSFSA, FCA, CySEC, ASIC, SECBFSC, KNF, AMF, ACPR, FCA, CNMV, DFSA, BaFin
PlatformsTrader Workstation (TWS), IBKR Mobile, Client Portal, IBKR GlobalTrader, FXTradereToroxStation
Spreadlowhighaverage
Leverage1:501:301:500
AssetsStocks, ETFs, Options, Futures, Forex, Bonds, Mutual Funds, Cryptocurrencies, Commodities, CFDsCurrencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies

FAQ

Is Interactive Brokers safe?

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What is the minimum deposit for Interactive Brokers?

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What trading platforms does Interactive Brokers offer?

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