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Interactive Brokers Review 2024

Ben Johnson
Forex Broker Expert

Interactive Brokers LLC

4.7 / 5 – 3 Ratings

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Interactive Brokers (IB) is a well-established online brokerage and financial services company known for its global reach and advanced trading capabilities. Founded in 1978 by Thomas Peterffy, Interactive Brokers has grown to become one of the largest and most respected brokerage firms in the world.

Brokers Highlights

Brokers Name

Interactive Brokers

Trading Desk

ECN

Year Founded

1982

Headquarters

United States

Regulation

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme. Interactive Brokers (U.K.) Limited is authorised and regulated by the FCA and regulated products are covered by the UK FSCS.

US Clients

🇺🇸
Yes

247 Support

✔️

Support Email

Telephone

+1 (801) 559-2140

Address

2 Pickwick Plaza, Greenwich, CT 06830

Languages

English, Español, 中文简体, 中文繁體

Accounts Details

Commission

$0

Account Name

Non-Professional Advisor, Small Business, Family Office, Advisor, Advisor Client (including Non-Professional Advisor and Family Office) Broker, Broker Client, Proprietary Trading Group.

Min. Deposit

$0

Base Currencies

AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, JPY, MXN, NOK, NZD, SEK, SGD, USD

Order Execution

Market Еxecution

Max. Leverage

1:50

Starting Spreads

Floating Spread

Trade Size

From 0.01 Lots

Instruments

Stocks, options, futures, EFPs, futures options, forex, bonds, funds, and some cryptocurrencies

Demo Accounts

✔️

Swap-Free

Crypto Trading

✔️

CopyTrading

Platforms

Trading Platform

Desktop-based Trader Workstation (TWS)

Mobile Trading

✔️

Web Trading

Affiliate Program

✔️

Funding

Deposit Methods

Wire transfer, check, direct bank transfer (ACH)

Withdrawal Methods

Wire transfer, check, direct bank transfer (ACH)

Pros

  • Global access to various markets.
  • Low trading commissions.
  • Advanced trading tools.
  • Extensive research resources.
  • Access to a wide range of investment products.
  • High-quality customer support.
  • Strong security measures.

Cons

  • Complex user interface, not ideal for beginners.
  • Inactivity fees if you don’t meet trading minimums.
  • Minimum initial deposit requirement.
  • Limited customer support availability on weekends.
  • Inactivity fee for accounts with low balances.
  • No robo-advisory or managed portfolio options.
  • Data subscription fees for certain exchanges.
4.7 / 5 – 3 Ratings

Interactive Brokers (IB) is a well-established online brokerage and financial services company known for its global reach and advanced trading capabilities. Founded in 1978 by Thomas Peterffy, Interactive Brokers has grown to become one of the largest and most respected brokerage firms in the world.

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The promotion is being shared here solely for informational purposes. Please note that this should not be considered as financial advice.

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Interactive Brokers LLC

4.7 / 5 – 3 Ratings

Check out the best alternatives