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Interactive Brokers Analysis

Explore Interactive Brokers: A top global brokerage offering advanced trading platforms, low fees, and access to 150+ markets. Ideal for professional and retail traders.

Updated: 30 March 2025
Overall rating
4.9 of 5
Minimum deposit
5
Tradable instruments
Forex, Metals, Indices, Stocks
Regulation
FCA, SEC, FINRA, CFTC, SEC, DFSA, CIRO, AFSL, CBI, MAS
Overview Users reviews
Marina Panasenko
Edited by
Marina Panasenko
Table of Content

Company Background

Established in 1978, Interactive Brokers (IBKR) is a globally recognised brokerage. Its headquarters are situated in Greenwich, Connecticut, in the United States. Reputed widely for its state-of-the-art trading platforms, vast market coverage, and competitive rates, Interactive Brokers is geared towards professional traders and institutional investors. It caters to both endpoints simultaneously. Around 150 markets are available for trading in 33 countries, making the service diversified for internationally traded financial instruments.

Pros and Cons

Pros

  • The broker is very well regulated around the world
  • They have an excellent physical presence
  • IB has one of the longest histories in the business
  • Service available in a lot of countries worldwide

Cons

  • Negative Balance protection may not always apply worldwide

Safety

Besides the company's strict compliance and safety standards, the following are regulatory management bodies that have spotted Interactive Brokers as a firm worth vouching for:

  • US Securities and Exchange Commission (SEC)
  • The Commodities Futures Trading Commission (CFTC)
  • Financial Conduct Authority (FCA) in the UK
  • Australian Securities and Investments Commission (ASIC)

Client funds are maintained within a segregated account, and the company also offers a secondary insurance of extra SIPC to protect the clients' investments.

The Items That Can Be Traded

In addition to the asset classes, which are quite extensive, the list of tradable instruments is as follows:

  • Stocks: Companies from more than 150 overseas markets.
  • Options: Comprehensive coverage from single-name to index futures options.
  • Futures: Commodity, index, and currency-market futures.
  • Forex: All the majors, most minors, and many exotics.
  • ETFs: Wide ETF access.
  • Bonds: Governments, municipalities, and corporates.
  • Cryptocurrency: High indirect exposure via regulated cryptocurrency ETFs and trusts.

Types of Accounts

Fees and Commissions

As expected, Interactive Brokers is known for pricing transparently and competently:

  • Stock Trading: Starts with a trade commission from $0.005 per share for tiered accounts.
  • Options Trading: Commissions as low as $0.15 per contract.
  • Non-Trading Fees: Very low or even no inactivity fees based on account type.

Trading Platforms

Available tools Forex, Metals, Indices, Stocks

Interactive Brokers provide professional-level platforms for trading:

  • Trader Workstation (TWS): This is a complete desktop-based platform with a lot of intricate functionalities in graphing and analysis.
  • IBKR Mobile: Comprehensive mobile trading app
  • IBKR WebTrader: Streamlined web-based platform
  • API and FIX CTCI: Designed for algorithmic and institutional traders.

Assistance to Customers

The following would provide intimate support for users by Interactive Brokers:

  • Phones: Access regional assistance numbers during corresponding domestic markets.
  • Live Chat: Available through the IBKR website and app.
  • Email support: Usually within the next 24 hours: Account would be opened using:
    • Online Registration with Complete Personal and Financial Details.
    • Upload of identification documents for KYC verification.
    • Transfer some funds from various payment modes for opening a trading account.
Website
Address 20 Fenchurch Street, Floor 12, London EC3M 3BY, UK Floor 5, Unit 507, Index Tower, Dubai International Financial Centre, Dubai, United Arab Emirates One Pickwick Plaza, Greenwich, CT 06830 USA Suite 1512, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong SAR 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada 502/A, Times Square, Andheri Kurla Road, Andheri East, Mumbai 400059, India North Dock One, 91/92 North Wall Quay, Dublin 1 D01 H7V7, Ireland Kasumigaseki Building 25F, 2-5 Kasumigaseki 3-chome, Chiyoda-ku, Tokyo, 100-6025 Japan Level 11, 175 Pitt Street, Sydney, New South Wales 2000, Australia #40-02A, Asia Square Tower 1, 8 Marina View, Singapore 018960
Headquarters United States
Telephone India: 91-22-61289888 Japan: 81 03-4590-0711
Customer support from Sunday afternoon through Friday evening - chat, phone, and contact form
Partner programs Yes

Deposits and Withdrawals

Various deposit and withdrawal methods are offered by Interactive Brokers:

  • Payment Options: Bank transfers, ACH, SEPA, and wire transfers
  • Processing Times: Deposit processed within 1-2 business days, withdrawal delays 3 days depending on the source
  • Fees: Zero charges on deposit, withdrawal charges impact payment means.

FAQ

Do Interactive Brokers come regulated anywhere?

Interactive Brokers is supervised by leading authorities such as SEC, CFTC, FCA, ASIC, and several others within corporate regulation. Global regulatory standards are strictly followed.

What trading platforms are available with Interactive Brokers?

Interactive Brokers offers a robust collection of platforms, including Trader Workstation (TWS), IBKR Mobile, IBKR WebTrader, and API-based trading for algorithmic and institutional traders.

How much is required to be deposited to start an account?

The minimum deposit starts at $0 for IBKR Lite accounts in the US, while it varies for other account types and regions worldwide.

What is the highest leverage provided by Interactive Brokers?

For forex, Interactive Brokers offers leverage up to 1:50. Leverage for other asset classes may be lower depending on regulatory requirements.

Users reviews

Haluk Karacabey

Advantages: - Offers some of the most competitive spreads for traders - Provides outstanding access to live market data, though it requires a subscription - Features impressive margin rates - Delivers reliable trade execution - Continuously innovates to stay ahead - Customer service has seen significant improvements - Professional client support, including a chat option - Allows for overnight trading when activated Drawbacks: - The trading platform uses outdated technology - Requires a steep learning curve to master - The web interface occasionally logs users out unexpectedly - May not be ideal for beginners or all trader types - Costs can accumulate if not monitored carefully

10 February 2025 Read
Lukas

The platform offers a wide range of products and consistently enhances its trading app. It includes all the essential features and tools I require. This service truly meets all my individual trading requirements in an exceptional manner!

10 February 2025 Read
MdNazmul Islam

I recently set up an ISA account with Interactive Brokers, aiming to diversify my investments across various ETFs and funds. Unfortunately, I was quite let down by the limited range of products available through this account. Their platform only supports ETFs that comply with UCITS regulations, which means many well-known and diverse ETFs from other markets are off the table. Additionally, they don’t provide access to any funds like index or mutual funds within the ISA. When I reached out to their customer service for clarification on whether it was possible to trade other ETFs or funds in my ISA, the experience was far from satisfactory. I was left waiting on hold for an extended period, and when I finally connected with a representative, they seemed to lack a basic understanding of investment options. They couldn’t clarify the reasons behind these limitations or suggest any viable alternatives. Instead, they directed me to their FAQs or website, which didn’t resolve my concerns. Overall, I feel like my experience with Interactive Brokers has been a waste of both time and money. I wouldn’t recommend them to anyone looking to invest in a broad spectrum of ETFs and funds through an ISA. The customer service is lacking, and the investment choices are too restricted. I'm now on the hunt for a different broker that can provide more flexibility and better support.

10 February 2025 Read
Josh Null

The insights provided were quite informative and beneficial. However, I felt that the representative could have enhanced the experience by suggesting different options or solutions to my initial inquiry, rather than simply responding with a "Yes" or "No." This approach might have reduced the need for additional exchanges to explore other possibilities.

9 February 2025 Read
unsatisfied

My experience was generally positive, but there are a few areas that could use improvement. One major concern is the absence of the Indian Rupee among the available currency options.

9 February 2025 Read
Imourane Dao

Customer service is practically non-existent. Residing in Italy, I signed up with this broker quite some time ago, believing it to be among the top options available. Unfortunately, that hasn't been my experience, especially as an international user. They lack adequate support to address technical issues, and there's no straightforward way to reach them via email. Essentially, you're left to figure things out on your own. Since opening my account, I've encountered a persistent issue: the platform won't let me purchase certain ETFs, like VOO or others tied to the S&P 500. This was my primary reason for joining. Instead of resolving the issue, I'm repeatedly directed to a FAQ page stating, "This product requires a KID in English or a language approved for your country. Retail clients can trade packaged retail products only if an appropriate KID is available." I'm left wondering what steps to take next. Who can I reach out to for help? What documents are necessary, and where should I send them? Is it even possible to trade these instruments while based in Italy? These are straightforward questions, yet there's no one to ask because customer service is simply absent.

9 February 2025 Read
Brad

The customer service experience was quite frustrating. The response times were sluggish, and they failed to proactively communicate when additional information was needed. I found myself having to reach out repeatedly to check if they required anything else. During my attempt to switch from an Australian brokerage, they inexplicably complicated matters with a company in Hong Kong. Additionally, their trading platform is disappointingly slow, often taking several minutes just to execute a single options trade.

9 February 2025 Read
maya guy

The worst experience I've ever had with a website and company! It was both perplexing and nerve-wracking. They continue to withhold my funds.

9 February 2025 Read
fft2020

Terrible experience! Dealing with this company feels like navigating a minefield. It's definitely not suitable for casual investors with a modest budget. The security measures are excessively strict, reminiscent of stringent regulations from their country of origin. Every detail requires verification multiple times, including the same bank for both withdrawals and deposits. The website is poorly designed and frequently crashes. There are constant identity verifications that are frustrating. If you're not a professional trader, steer clear.

9 February 2025 Read
Josh

I have found IBKR to be incredibly helpful in guiding me through the world of investments and trading. The lessons and emails I receive are informative and have greatly improved my understanding of the platform. I am grateful for the support and resources provided by IBKR. Thank you for helping me become a more efficient investor.

9 February 2025 Read
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