Interactive Brokers Review 2023 – Pros and Cons

UPDATED ON :

Interactive Brokers is an online brokerage firm that provides trading services for various financial products, including stocks, options, futures, currencies, and bonds. The company was founded in 1978 and is headquartered in Greenwich, Connecticut, United States.

Interactive Brokers offers a wide range of trading platforms, including the Trader Workstation (TWS) desktop platform, the WebTrader web-based platform, and mobile apps for iOS and Android devices. These platforms provide advanced trading tools, such as customizable charts and real-time market data, as well as access to global markets.

In addition to its trading services, Interactive Brokers also provides a variety of other financial services, including portfolio management, financial advisory services, and retirement planning. The company operates in more than 135 markets around the world and serves clients in over 200 countries and territories.

Interactive Brokers is known for its low fees and commissions, as well as its advanced trading technology. However, the platform may not be the best option for beginners or those who prefer a more simplified trading experience, as it can be complex and overwhelming for some users.

Interactive Brokers

Brokers Name

Interactive Brokers

Regulation

FCA, CFTC, ASIC, IIROC

Established

1978

Headquarters

Greenwich, Connecticut, United States

Trading Desk

ECN

USA Clients

Yes

24H Support

Yes

Weekend Support

No

Website Language

English, Spanish, French, German, Italian, Japanese, Chinese, and Russian

Account Details

Accounts

Min. Deposit

$250

Base Currencies

USD, EUR, GBP, CHF, HKD, SGD, JPY

Leverage

1:500

Spreads

Floating

Fixed Spread

Yes

Margin Call / Stop Out

50% / 0%

Trading Platform

IMPACT, IBKR GlobalTrader

Trading Instruments

Stocks, ETFs, Options, Futures, Currencies, Bonds, Mutual Funds, Cryptocurrency

Pros

  • Well regulated
  • Low minimum deposit
  • Tight spreads
  • Wide range of assets

Cons

  • Complicated website
  • No MT4, MT5, or cTrader

Trading Features

Commission

Yes

Mini Accounts

Yes

Standard Accounts

No

VIP Accounts

No

Pro Accounts

Yes

Islamic Accounts

No

Segregated

Yes

Managed Accounts

No

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

No

Trading Signals

No

Educational Service

No

Copy Trading

No

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Funding

Deposit

Bank Wire, ACH Transfer, Mail

Withdrawal

Bank Wire, ACH Transfer, Mail

Contacts

Phone

1 (877) 442-2757

Email

info@interactivebrokers.com

Address

1 Pickwick Plaza, Greenwich CT 06830

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