Interactive Brokers Review

Min. Deposit: $0
Max. Leverage: 1:40
Trading Platforms: TWS, IB WebTrader

Interactive Brokers (IB) allows traders to trade from anywhere in the world via its online platform. This forex broker is a market maker and global trading firm specializing in options, futures and forex for professionals and beginners. It is regulated by the NFA and FCA in the US and UK respectively.

Source: Interactive Brokers

From instant stock quotes to fundamental technical analysis and ongoing data tracking, IB’s user experience is first-rate. That’s because the company had to pay a great deal of investment capital to get the technology behind IB up and running.

Interactive Broker is an American online broker that was founded in 1978. It is one of the oldest and largest brokers in the United States market and one of the first brokers to offer online trading to retail customers. The company offers commission-free trades for about 20 stocks, currencies, exchange-traded funds (ETF) and leveraged or inverse ETFs.

Unique Trading Features

Interactive Brokers is not only a great place to trade stocks, but you can trade options, futures, forex and mutual funds as well. They charge extremely low rates and offer a lot of cool features like mobile trading, one-click order execution, and advanced charting. They also offer free real-time quotes and streaming data.

Source: Interactive Brokers

Have you ever wondered which trading platforms charge the most money?

The answer is: it depends on what type of trading you’re doing. In most cases, the more sophisticated the platform (if you’re trading stocks, options, zero-commission futures, and mutual funds), the more you’ll have to pay.

However, if you’re starting, the best options out there are fairly inexpensive. Before you decide on which option is the best one, take a peek at the budget you’ll need before investing. Unique trading features, like social trading and the ability to trade on margin, are part of what sets Interactive Brokers apart from the rest.

User Experience and Tools

Interactive Broker has one of the most intuitive user experiences and best-in-class tools. With interactive charts, a wealth of easy-to-understand reports, and an intuitive design that makes trading much more straightforward, IB is one of the favorite places to trade stocks and currencies.

This platform delivers a user experience that is incredibly fast and simple to navigate. The interface is easy to use, and all information is easy to find. All tools we found were handy in personalizing your investment profile & getting you matched with investments that fit your goals.

Source: Interactive Brokers

The IBKR Lite account is a zero commission account that offers comprehensive market data and advanced order routing capabilities. Interactive Brokers’ ultra-low latency connectivity allows it to match orders quickly, opening up opportunities for price improvement and increased execution quality.

Security, fees and Customer Service

Interactive Brokers provides some of the best security and customer services in the industry. Their customer service is rated the best among online brokers, and their trading platform has the most functionality.

Source: Interactive Brokers

When exploring the best online brokers, you should approach them from the perspective of what you’ll be using them for. Once you do that, platform comparisons become simple. For example, most online brokerages have high transaction limits. None of these features are inherently bad, but some make a better bet if you’re looking to maximize your gains with minimal effort.

Over the years, Interactive Brokers has consistently been able to offer ultra-low commissions in the industry. The company was one of the first firms to offer zero-dollar commissions with its IBKR Lite offering. Now, it continues to lower costs for customers through the strategic use of technologies and automated order routing technology deployment.