Interactive brokers – an overview of the innovative trading platform

Min. deposit
2000$
Min. trade price
1$
Website address
https://www.interactivebrokers.com/en/home.php
Profitability
81%*
Demo account
Yes
Currency
USD
Supported languages
Eng Rus
Active
Yes
* The amount that will be credited to the account in the case of a successful deal

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 3.8,
according to 1861 reviews

4.5 Stars
Asfaq Ahmad
Asfaq Ahmad
stars
ca
I loved the platform and the reports. they have really good fee structure. Fits me perfectly. I would highly recommend the platform to anyone. I already referred few friends. There is a scope of improvement for customer service. I do options trading and there are not many people know about it. I wish there is a different department for option trader. Overall I am very satisfied with the service.

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Xavier
Xavier
stars
es
Very professional. Low commissions. Excellent treatment in customer service. Very complete information on operations, positions, daily, monthly and annual summaries.

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TEHNIKOM
TEHNIKOM
stars
rs
Professional, accurate, no hidden costs, fast and reliable customer service, I am very satisfied.

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Ben
Ben
stars
cn
I always call IB Shanghai center when I meet problem with. The phone often can be received by staff soon. and they always answer my question clearly and useful.So, Great IB.

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Joe
Joe
stars
gb
Staff are kind and helpful. Response well to my question and enquiries.

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Derrick Tang
Derrick Tang
stars
hk
Everything is short but details. Love it

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Donald Pelsor
Donald Pelsor
stars
us
Excellent process went well

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Nh
Nh
stars
de
I have been with IB since 2020. My experience for these 2+ years. Products. - I have received access to markets and products I use: USA (stocks, fractional, OTC), Europe (stocks). - I wish I have access to crypto trading, but this is not possible for me based on my country of residence (Germany). Commissions. - The trade commissions for US markets are low. I have a "Tiered" commission with my mostly volume of 200-300 USD per order, it gives me 0.35 USD commission which is about 0.1% of volume. - The trade commissions for European stocks markets look more expensive, compared with USA markets commissions, it is 1.25 EUR min per trade. - There is no inactivity fee. - The currency exchange commission is constant and equal to 2 USD, which is cheap if you exchange thousands of dollars. It is still ok for me when I change 1000 USD, but looks expensive if I want to change 200. 1% from sum is a bit too much, I wish this could be cheaper for small amounts. - One free of charge withdrawal per calendar month. - No deposit fee. Deposit / withdrawals. Never had problems with it, always quick, was never asked any questions or additional proof. Reports / Statement. Available in different languages, easy to generate. My tax officer accepted it without any additional questions. Support. All my cases were solved, and I always receive necessary information about how to do smth if I am not able to find out for myself. There are chat (different languages), phone, ticketing system. The response to the ticketing system is quick, never longer than next working day. My most recent case (this year) was related to changing the country of residence. I moved from outside the EU to the EU (Germany). This is another legal jurisdiction, so I needed to open a new account under the Ireland jurisdiction. I expected some inconvenient process, but all was super smooth. I did the following: - I opened a new account and specified Germany as my country of residence. - I created a ticket to manually transfer my assets from old to new account. - They sent me a digital paper which I printed, signed, scanned and sent back. - I made a phone call to process the verification of my person. Few days later all assets were transferred to a new account. Fully satisfied, do not see any reason to switch to another broker. Thank you.

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Philippos G
Philippos G
stars
cy
Great brokers, lots to offer.

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TM
TM
stars
jp
IBKR is my first broker I have used for US stock markets. It's been great journey with IBKR so far. Thank you.

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GP
GP
stars
us
Comprehensive set of report tools allows client to easily monitor performance. Best margin rates. Customer support has been excellent re minor log on issues. Log on security is excellent but does complicate access a bit. Executions have been fast. My initial "experiment" with IBKR has gone great, makes me wish I'd never heard of TD Ameritrade, I'll exit them (after 20+ years) asap. Only thing "not tested" yet is tax reporting but I'm assuming that will be fine, automatic with TurboTax (but that is an assumption right now). I might add it's the low margin rates that attracted me initially, but I've really enjoyed climbing the "learning curve" to generate insightful custom reports. As an experienced individual investor.

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Tony Tieger
Tony Tieger
stars
us
Satisfied customer. One note (not a critique, but a note) is that the site, software, and entire process is way more daunting than typical broker sites. This broker is geared towards more experienced traders. The commissions while not high, are not zero, but given that I still use them as the execution and software makes it worth it.

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Barnabas
Barnabas
stars
sk
Fully satisfied.

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RJK
RJK
stars
ch
Interactive Brokers is highly professional, reliable and provides state of the art technological base

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BRYAN CHAN
BRYAN CHAN
stars
hk
Low Cost and Effective

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MarkO
MarkO
stars
nz
Overall, it is a good service. I would rather give it 3 1/2 stars though. The primary reason for that is the poor navigability of the website. It’s easy to get lost in and seems designed to keep you from contacting somebody. That said, when I was finally able to figure that out the interactive customer service was quick and thorough. If you could improve navigation that would make it near 5 stars.

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Gurjit Sidhu
Gurjit Sidhu
stars
ca
Easy to use, very good fee structure.

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tongqi zhou
tongqi zhou
stars
cn
good service

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Konstantin
Konstantin
stars
us
quik so quik and quik

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Margaret Hammond
Margaret Hammond
stars
gb
OK - It's a real battle at first - It is a shockingly unfriendly and confusing setup to open and fund a IBKR account - they say 'wire transfer' but its not. It took me a few days to figure out they actually mean electronic (i.e. wire in the old fashioned sense) BACS transfer to their citibank account with my IBRK account number as reference. A lot of people will be totally confused - So I have to take a star off. BUT; After getting through that - what an ***AMAZING** broker. In all seriousness no broker I have ever used comes close to its offer - and I have been using brokers for over 25 years. I also use iWeb - I wish I fouind this first. This is the best broker. It offers seroiusly low currency conversion and unrivalled access to world exchanges with just amazing research tools - 'fundementals explorer' gives you more data than morningstar on any share. A bit of a learning curve to use the tools but well worth it. The desktop trader platform 'Trader workstation' is the heart of the various platforms (mobile, web...) it offers and it is incredibly powerful. Just like ANY UK/EU based broker it doesn't offer non-UCITS funds, so unfortunately I have to use a US based broker for these. However, you can enable addons like Options trading by completing its online free training courses. It has loads of free courses which can lead to Metals trading and Futures addons to your account which is only fair as you don't want to be taking delivery of 1000 barrels of oil on a monday morning with your milk bottles and newspaper because you didn't know the dangers.

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Review of popular financial brokers: Interactive brokers

Against the background of a huge number of trading platforms that offer access to financial assets for online trading, there are companies that have been providing their services for more than a decade. Most of them do not even raise doubts about the reliability and 100% fulfillment of their obligations. One of the leaders in this field of activity is Interactive brokers – a company that ideally combines the best traditions of brokers of the last century and the latest achievements in the field of online trading. On the Internet you can find a huge number of interesting reviews on this broker, most of which tell about the high quality of service, the huge amount of services provided and various technical innovations. Of course, a company whose capital exceeds 6 billion US dollars can afford a lot, but what do users get when they decide to register an account on a well-known trading platform? How much does the quality of service, conditions and work efficiency of Interactive brokers differ from the offers of other trading companies?

 

Interactive Brokers – trading platform review

 

What are the performance indicators of Interactive brokers attract traders?

Considered financial company was founded in the 70s. last century, in the US states. Today she has offices in almost every developed country where online trading lovers live. The presented company belongs to the group of companies that were the first to provide services for trading in the global financial market via the Internet. The daily amount of transactions that pass through this broker exceeds $ 1 million.

Security

Users of the trading platform may ask the administration of the resource to provide statistical information or documents that confirm that the company has the right to engage in this activity. On the basis of these data, it is possible to draw conclusions about the financial condition of the company, make sure that all the necessary licenses are available, that the requirements of regulatory authorities are met, etc.

Developed for Interactive brokers, applications and trading platforms (TWS, IBKR Mobile, IBKR API, IBot) guarantee that all transactions will be completed on time and no unauthorized persons will have access to personal information or financial resources of clients. Programmers of the company recommend activating two-factor account protection: “Secure Login System”, enable and disable client’s access to trading, and also set restrictions by IP address.

In case of force majeure, you can contact the support service representatives. They will help solve financial or technical problems, as well as answer questions that arise during your work on the company’s official resource. To do this, provide: online chat, a special contact form on the site or telephone.

Broker activity regulators

Even the most distrustful trader / investor will not be afraid to register a login to Interactive brokers by examining the list of organizations that control the company’s activities.

● US Securities and Exchange Commission.

● US Commodity Futures Commission.

● NYSE, FINRA, SIPC.

● Investor Protection Fund (Canada).

● Inspection to monitor the activities of financial institutions in the UK.

● The controlling organizations of India, Japan and Hong Kong.

Training

The broker’s website offers a wide range of training materials. For beginners, the administration of a web resource offers: a dictionary of financial terms, short video courses (which tells about trade, financial instruments, factors affecting the quotation of securities), webinars.

Experienced traders / investors will also not be hindered by new knowledge, analytical information or examples of various trading strategies with a detailed analysis of key points. The Academy of Trading is functioning on the site, which will help to understand the trading platforms used by the broker and explore their capabilities. After completing free training courses, it is much easier for users to choose a course of activity that will bring them maximum income.

Before proceeding to the conclusion of cash transactions, experts recommend checking your level of preparation, using a demo account set up on Interactive brokers. The trial version will help novice traders to create their own trading strategies, analyze them, find mistakes, etc.

What a trader should know to work at Interactive brokers

When planning to work for Interactive brokers, you should know that the broker does not provide any bonuses other than the reward for each new user (in the amount of $ 200). The positive aspects are the fact that the company has established one of the lowest commissions for its services, and interest is automatically calculated on the balance of funds in your account.

Trading Services

Studying online reviews of Interactive brokers, it can be concluded that users are most interested in the following factors:

● Minimum deposit: $ 2000.

● The minimum bid is 1.

● Leverage – 1:50.

● Risk management – provided.

● Affiliate program – there is.

● Account currency – US dollar.

Financial assets

Even without reading reviews from the Interactive brokers on the World Wide Web, it is not difficult to guess that this resource provides its users with the maximum amount of trading tools. These include:

● Promotions.

● Currency pairs.

● Options.

● Futures.

● Stock indexes.

● Valuable metals.

● ETF.

● CFD.

The company also provides its customers with access to other markets and financial instruments (including popular cryptocurrencies).

Deposit and withdrawal

The main disadvantage of the broker, in the opinion of our compatriots, is a limited number of methods for depositing / withdrawing funds: a credit card and a bank transfer.