Interactive Brokers Review 2022 (Expert Review)

Interactive Brokers Review Summary

The company offers access to many fund providers and offers a massive selection of bonds, including municipal bonds. Interactive Brokers has multiple platforms to meet the needs of traders, from desktop computers to mobile devices. Their web platform is robust, while the app is not as feature-rich. Both platforms offer access to the same asset classes and trading features, including real-time streaming data and drawing tools, research, and news sources. They also offer a mobile application for iOS and Android devices, which offers nearly the same functionality as the web platform. The mobile app is not as robust as the Trader Workstation.

Interactive Brokers review
Interactive Brokers Platform Features

Interactive Brokers main features and highlights
๐Ÿ—บ๏ธ Country of regulation Financial Conduct Authority (FCA)
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee Yes
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit 0
๐Ÿ•– Time to open a Interactive Brokers account 1-3. *A Interactive Brokers demo account can be opened in a few minutes, but live Interactive Brokers trading account creation times will vary depending on how long it takes to process your Interactive Brokers KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 23
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered Forex, Majors, Indices, UK Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs,

Interactive Brokers review
Interactive Brokers Financial Regulation

Interactive Brokers is regulated by Financial Conduct Authority (FCA).

Interactive Brokers review
Interactive Brokers Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using Interactive Brokers include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using Interactive Brokers can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

Interactive Brokers review
Interactive Brokers Advantages

One of the main advantages of using Interactive Brokers is around the clock service and support as well as research offerings. Not only this, but Interactive Brokers has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of Interactive Brokers with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with Interactive Brokers makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. Interactive Brokers offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • Interactive Brokers has been in business over 10 years.
  • Interactive Brokers offers Stock Trading
  • Interactive Brokers offers ECN trading
  • Interactive Brokers offers Hedging
  • Interactive Brokers offers Scalping

Interactive Brokers review
Interactive Brokers Disadvantages

Although Interactive Brokers has a lot of good points Interactive Brokers does not offer the below.

Interactive Brokers Review Risk Warning: Losses can exceed deposits.

Interactive Brokers Review

Interactive Brokers review
Things to understand when trading with Interactive Brokers

Online trading on trading platforms like Interactive Brokers have seen huge growth in the last 3 years. Trading with Interactive Brokers requires that you take the time to learn how financial markets work and are able to trade with Interactive Brokers using in depth technical analysis and Interactive Brokers risk management trading tools. Trading with Interactive Brokers involves risk. You should only risk capital with Interactive Brokers that you can afford to lose. Understand your risk tolerance with Interactive Brokers, and have a trading strategy that Interactive Brokers is able to help you execute. Interactive Brokers is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Interactive Brokers give you access too.

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Interactive Brokers Trading Fees

Trading fees on Interactive Brokers are taken in the form of the spreads Interactive Brokers offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on Interactive Brokers. Interactive Brokers fees vary depending on the financial instruments traded and can include, Interactive Brokers overnight funding fees, spreads, margins and Interactive Brokers inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your Interactive Brokers account charged by your 3rd party payment provider if your Interactive Brokers base currency is different from your Interactive Brokers withdrawal method.

NameInteractive BrokersIC MarketsRoboforex
Account FeesNoNoNo
Withdrawal Fees10 USDNoYes
Deposit FeesNoNo
Inactivity FeeYesNoNo
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Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

Interactive Brokers review
Interactive Brokers Financial Instrument Fees

Interactive Brokers fees for Forex, Majors, Indices, UK Stocks, UK Stocks, Energies, Metals, Agriculturals, ETFs, are listed below.

Interactive Brokers review
Interactive Brokers Stock Trading Fees

The majority of Interactive Brokers trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A Interactive Brokers stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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Interactive Brokers Forex Fees

Commission on Interactive Brokers Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for Interactive Brokers Forex fees is based on their trade size. To calculate Interactive Brokers Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

Interactive Brokers review
Interactive Brokers Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. Interactive Brokers cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. Interactive Brokers cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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Interactive Brokers Non Trading Fees

Interactive Brokers non-trading fees include a variety of Interactive Brokers brokerage fees and charges that a trader will pay which are not related to buying and selling assets using the Interactive Brokers trading platform. The most common non-trading fees include Interactive Brokers withdrawal fees, Interactive Brokers deposit fees and Interactive Brokers inactivity fees.

Interactive Brokers review
Interactive Brokers Deposit Fees

Interactive Brokers does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, Interactive Brokers does not do this.

Interactive Brokers review
Interactive Brokers Inactivity Fees

Interactive Brokers does charge clients an inactivity fees for dormant Interactive Brokers trading accounts. A Interactive Brokers inactivity fee is a sum charged on Interactive Brokers brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

Interactive Brokers review
Interactive Brokers Withdrawal Fees

Interactive Brokers does charge Interactive Brokers clients small withdrawal fees. Withdrawals fees vary between Interactive Brokers and Interactive Brokers alternatives depending on where you are located and how much money you are withdrawing.

Interactive Brokers review
Interactive Brokers Account Fees

Interactive Brokers does not charge account fees. Account fees charged differ between Interactive Brokers and other brokers. An account is a fee that Interactive Brokers and other brokers assesses on all accounts for the ability to keep an account on their platform.

Interactive Brokers review
Interactive Brokers Account Opening

The Interactive Brokers account registration process is simple, user-friendly, and quick. Within 1-3 most Interactive Brokers trading accounts are ready for live trades. Our Interactive Brokers account was validated in 1 day, but live Interactive Brokers trading account verification times will vary depending on the time it takes to process your KYC documents and Interactive Brokers trading account application. A Interactive Brokers demo account can be opened in a few minutes.

Interactive Brokers trading accounts are available in over 194 countries. Interactive Brokers is restricted in the following countries.

Apart from the restricted countries a Interactive Brokers trading account can be opened globally.

The Interactive Brokers trading platform is available for residents in US. Some financial instruments Interactive Brokers offer may be restricted in your country.

  • Fast Interactive Brokers account opening.
  • Interactive Brokers accounts can be opened and KYC can be verified digitally.
  • Interactive Brokers minimum deposit is 0 USD / GBP / EURO.
  • Interactive Brokers trading account verification may be held up for longer than a day if there is an issue with verifying your account.

Interactive Brokers review
Interactive Brokers Deposit And Withdrawal

Interactive Brokers Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CZK, DKK, HKD, HUF, INR, ILS, MXN, NOK, NZD, RUB, SEK are supported by Interactive Brokers as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

Interactive Brokers offers the following account USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CZK, DKK, HKD, HUF, INR, ILS, MXN, NOK, NZD, RUB, SEK.

When trading make sure your Interactive Brokers trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. Interactive Brokers has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameInteractive BrokersIC MarketsRoboforex
Number Of Currencies23104
Base CurrenciesUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CZK, DKK, HKD, HUF, INR, ILS, MXN, NOK, NZD, RUB, SEKUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZDUSD, EUR, CNY, XAU
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Interactive Brokers review
Interactive Brokers Deposit Fees and Deposit Methods

Investors can log in to their Interactive Brokers trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their Interactive Brokers trading accounts from an existing bank account or send the funds through a wire transfer or online check.

Interactive Brokers Deposit Fees

Making a deposit on your Interactive Brokers account is free.

Interactive Brokers Deposit Methods

There are several methods through which you can deposit money into your Interactive Brokers account. One can use a credit or debit card and Interactive Brokers accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Interactive Brokers account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Interactive Brokers account.

Interactive Brokers review
Interactive Brokers Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your Interactive Brokers brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open Interactive Brokers positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your Interactive Brokers account.

Interactive Brokers Fees When Withdrawing Your Account Balance

Interactive Brokers do not charge withdrawal fees. Some withdrawal fees are out of the control of Interactive Brokers and may be due to 3rd party payment providers and your account base currency.

Interactive Brokers Withdrawal Methods

Log into your Interactive Brokers trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your Interactive Brokers account to your bank account. To withdraw money from your Interactive Brokers account you can use credit or debit cards. Interactive Brokers processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as Interactive Brokers processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

Interactive Brokers review
Interactive Brokers Trading Platforms

As there are a number of tradable financial instruments available on the Interactive Brokers trading platform. Before investing in the Interactive Brokers platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The Interactive Brokers platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. Interactive Brokers offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on Interactive Brokers is available. Another thing to consider is your financial goals. Make sure that a Interactive Brokers account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a Interactive Brokers account. Ensure that Interactive Brokers allows you to focus on the type of trading that you want to focus on.

Make sure Interactive Brokers is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using Interactive Brokers, think about how easy it is to use for your personal needs. Does the Interactive Brokers platform offer real-time updates or delayed updates that are more informed? Remember to check if Interactive Brokers is well regulated, and what tradeable financial instruments Interactive Brokers has. Security is very important when it comes to trading with Interactive Brokers.

Interactive Brokers Web Trading Platform

A Interactive Brokers web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through Interactive Brokers which acts as a financial intermediary. Interactive Brokers is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the Interactive Brokers mobile trading platform.

Interactive Brokers Apple IOS Trading Platform

A Interactive Brokers iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

Interactive Brokers Google Play Android Trading Platform

A Interactive Brokers Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

Interactive Brokers review
Interactive Brokers Mobile Trading User Experience

Interactive Brokers mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. Interactive Brokers mobile trading refers to trading using a mobile phone.

Leading brokerages like Interactive Brokers offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire Interactive Brokers portfolio. All an investor needs is a Web-enabled smartphone and a trading account with Interactive Brokers. Once you have download the Interactive Brokers trading app, you are ready to begin.

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Interactive Brokers Desktop Computer Trading Platform

A Interactive Brokers computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The Interactive Brokers desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The Interactive Brokers desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

Interactive Brokers PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using Interactive Brokers. A trading computer with access to a Interactive Brokers PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

Interactive Brokers Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the Interactive Brokers trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the Interactive Brokers trading platform is very user friendly and easy to use on a Mac device.

Interactive Brokers review
Interactive Brokers Trading Look And Feel

The Interactive Brokers user interface (UI) is what Interactive Brokers traders will see and interact with first when trading with the Interactive Brokers trading platform. The Interactive Brokers is well designed. The goal of the Interactive Brokers trading UI is to make the Interactive Brokers user's experience easy and intuitive. The Interactive Brokers application has good user experience and a good level of customer satisfaction.

Interactive Brokers Security

Interactive Brokers is a secure trading platform. Interactive Brokers offers traders security via 2 factor authentication, SSL encription when trading with Interactive Brokers. Interactive Brokers trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with Interactive Brokers. Rate limitation on Interactive Brokers suspicious account activities is another layer of protection that is provided for Interactive Brokers trading accounts, for example multiple failed login attempts with Interactive Brokers. You have the option to further safeguard your account by using Interactive Brokers Two-Factor Authentication (2FA), which provides an extra layer of security.

The Interactive Brokers trading infrastructure is constantly watched and guarded by a trained team at Interactive Brokers In addition, Interactive Brokers never send sensitive information without first encrypting on the Interactive Brokers trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On Interactive Brokers

Available Interactive Brokers order types. # market, limit, stop, stop limit, Good until end of day / canceled.

Interactive Brokers Market Order

A Interactive Brokers market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. Interactive Brokers market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. Interactive Brokers market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

Interactive Brokers Limit Order

A Interactive Brokers limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

Interactive Brokers Stop Order

A Interactive Brokers stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

Interactive Brokers Stop Limit Order

A Interactive Brokers stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The Interactive Brokers stop-limit order triggers a limit order when a stock price hits the stop level. A Interactive Brokers stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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Interactive Brokers Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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Interactive Brokers Trading Platform Features

Online trading platforms like Interactive Brokers are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Interactive Brokers. The Interactive Brokers trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Interactive Brokers.

Interactive Brokers Margin Trading

Interactive Brokers margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, Interactive Brokers margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

Interactive Brokers review
Interactive Brokers Account Types

Interactive Brokers Demo Account

Interactive Brokers offers demo accounts that gives traders the ability to purchase and sell Interactive Brokers financial instruments in a practice environment, using fake Interactive Brokers digital money and live market conditions and data. When you practise on a Interactive Brokers demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the Interactive Brokers platform. Interactive Brokers demo accounts allow you to experience and practice a variety of market charts, Interactive Brokers trading indicators, and trading strategies using Interactive Brokers.

Interactive Brokers Standard Account

Interactive Brokers offers a standard trading account, allowing Interactive Brokers traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich Interactive Brokers trading platform.

Interactive Brokers STP Account

Interactive Brokers STP (Straight Through Processing) account is a Interactive Brokers trading feature that involves sending Interactive Brokers client orders directly to the market without passing them through a dealing desk. A Interactive Brokers STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

Interactive Brokers ECN Account

A Interactive Brokers ECN (Electronic Communications Network) account is a pure order-matching execution system, where Interactive Brokers, as a provider, charges a commission per Interactive Brokers trade instead of inflating the spread, occurring more naturally within the Interactive Brokers order-matching process. A Interactive Brokers ECN is a financial intermediary that uses electronic communications networks to give Interactive Brokers clients direct access to other participants in equity and currency markets. As an ECN broker, Interactive Brokers only matches Interactive Brokers trades between other market participants; it cannot trade against the Interactive Brokers client.

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Interactive Brokers Tradable Financial Instruments

Interactive Brokers tradable financial instruments are the financial instruments that are specifically available to trade on the Interactive Brokers trading platform. This refers to the different types of financial markets you can trade with through Interactive Brokers. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on Interactive Brokers.

NameInteractive BrokersIC MarketsRoboforex
CFD TradingYesYes
Stock Markets5000210053
ETFsNo
Fractional SharesNoYes
CryptocurrenciesNoYesNo
riskwarningTry Now

Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

Interactive Brokers review
Interactive Brokers Trading Stocks

Stock trading with Interactive Brokers is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with Interactive Brokers; if you possess the stock on Interactive Brokers, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on Interactive Brokers involves purchasing and selling stocks and share using Interactive Brokers periodically in order to time trades against the stock markets, with the aim of using Interactive Brokers to profit from your stock trading. Interactive Brokers stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on Interactive Brokers. Stock traders on Interactive Brokers conduct significant study, frequently dedicating several hours every day to market monitoring using Interactive Brokers trading tools.

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Interactive Brokers Trading ETFs

What Are ETFs

Interactive Brokers does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

Interactive Brokers does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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Interactive Brokers Trading Cryptocurrencies

Interactive Brokers does not offer cryptocurrency trading.

Cryptocurrency trading is not offered by Interactive Brokers, so you will need to find a Interactive Brokers alternative that allows you to buy and sell the underlying cryptocurrency assets. Interactive Brokers CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a Interactive Brokers alternative and make sure you undertand the risks fully before trading.

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Interactive Brokers Forex Trading

Forex trading with Interactive Brokers is a method through which to invest money which involves trading one currency for another in a Forex currency pair with Interactive Brokers. The main aim of Interactive Brokers Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with Interactive Brokers. As a Interactive Brokers Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like Interactive Brokers. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like Interactive Brokers. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on Interactive Brokers.

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Interactive Brokers Commodities Trading

Commodity trading is a type of trading available on Interactive Brokers where individuals or businesses buy and sell financial instruments using Interactive Brokers related to commodities, such as metals or oil.

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Interactive Brokers Options Trading

Interactive Brokers options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. Interactive Brokers option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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Interactive Brokers Futures Trading

Futures trading with Interactive Brokers is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using Interactive Brokers to facilitate the trade. A Interactive Brokers futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on Interactive Brokers. Typically, futures contracts are traded on an exchange such as Interactive Brokers; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling Interactive Brokers trader to the contract agrees to provide it.

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Interactive Brokers Bonds Trading

Bonds trading on Interactive Brokers is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the Interactive Brokers trader. Bonds can be bought and sold on Interactive Brokers after they are issued. While some bonds are traded publicly through Interactive Brokers, most trade over-the-counter between large broker-dealers like Interactive Brokers acting on their clients' or their own behalf. Yield is therefore based on the Interactive Brokers purchase price of the bond as well as the coupon.

Interactive Brokers CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameInteractive BrokersIC MarketsRoboforex
Forex CFDYesYes
Index CFD2530
Stock CFDNo1108400
ETF CFD3050
Commodity CFD2020
Crypto CFDNoYesNo
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Interactive Brokers review
Interactive Brokers Trading Research Tools

Taking advantage of Interactive Brokers trading research tools which are designed to help traders analyse potential investments using the Interactive Brokers trading platform. Some Interactive Brokers research tools include charts, technical analysis, and Interactive Brokers trading indicators.

Interactive Brokers Trading News

Traders can follow the markets and make wise investment decisions on Interactive Brokers by using the news to help form a strategy when it comes to choosing investments. A Interactive Brokers news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

Interactive Brokers Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A Interactive Brokers economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

Interactive Brokers Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. Interactive Brokers fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

Interactive Brokers Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Interactive Brokers are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

Interactive Brokers portfolios

Trading portfolios are useful when trading with Interactive Brokers.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A Interactive Brokers trading portfolio is a traders collection of investments, which may include a variety of Interactive Brokers financial instruments.

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Interactive Brokers Payment Methods

A Interactive Brokers payment method is required to fund your Interactive Brokers trading account before placing a buy or sell order on a financial instrument.

When trading with Interactive Brokers, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that Interactive Brokers do not have any control over.

NameInteractive BrokersIC MarketsRoboforex
Payment MethodsACH Transfer, Apple Pay, Cheque, Credit Card, Google Pay, JCB Card, Mastercard, Samsung PayBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

Interactive Brokers review
Interactive Brokers Withdrawl Methods

When trading with Interactive Brokers at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your Interactive Brokers account balance. Interactive Brokers may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your Interactive Brokers account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

Interactive Brokers Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your Interactive Brokers account.

Withdrawal requests can take up to three business days to be processed by Interactive Brokers.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your Interactive Brokers should arrive in less than 24 hours.

Interactive Brokers review
Interactive Brokers Customer Support

Customer support represents the resources within the Interactive Brokers company that provides technical assistance to its customers after they use the Interactive Brokers service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

Interactive Brokers offer email, livechat, phone, customer support.

Interactive Brokers Email Support

Interactive Brokers offers email support.

Email support is a a convenient method of Interactive Brokers customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from Interactive Brokers regarding your support request.

Interactive Brokers Livechat Support

Interactive Brokers offers livechat support.

Interactive Brokers live chat support is a way for customers to obtain help from Interactive Brokers through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

Interactive Brokers Telephone Support

Interactive Brokers offers telephone support.

Interactive Brokers telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the Interactive Brokers call centre to give or take information.

Interactive Brokers review
Interactive Brokers Educational Resources

Interactive Brokers educational resources are used throughout the Interactive Brokers learning environment to help and assist with customer's development and learning of trading on Interactive Brokers. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using Interactive Brokers trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

Interactive Brokers Trading Platform Tutorials

Interactive Brokers offer a range of learning resources and tutorials and guides made available to registered Interactive Brokers users. The Interactive Brokers guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate Interactive Brokers users on basic trading principles.

Interactive Brokers Trading Videos

Interactive Brokers offer a selection of online trading videos.

Trading videos on Interactive Brokers help new and even more experienced investors gain insights into Interactive Brokers technical analysis tools and how the different financial markets work when trading on Interactive Brokers.

Interactive Brokers trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some Interactive Brokers training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using Interactive Brokers to trade live financial markets.

Interactive Brokers Webinars

Interactive Brokers offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of Interactive Brokers clients who participate by asking questions, replying to polls, and using other interactive technologies available on the Interactive Brokers trading platform.

Interactive Brokers review
Interactive Brokers Financial Regulation When Trading

Financial regulations on Interactive Brokers protect consumers' investments. Regulations prevent financial fraud and limit the risks that Interactive Brokers as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. Interactive Brokers financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is Interactive Brokers Regulated?

Interactive Brokers is regulated by Financial Conduct Authority (FCA).

Interactive Brokers is licensed by financial regulators in certain jurisdictions. You can find out if brokers like Interactive Brokers are licensed in your country, if they have had run-ins with regulators, or received serious complaints from Interactive Brokers investors, directly with financial regulators in your country.

Interactive Brokers Regulatory Protection Limits

When registering with Interactive Brokers you must check with regulatory body your Interactive Brokers trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your Interactive Brokers account is over seen by. Interactive Brokers client funds are stored in segregated 3rd party bank account in accordance with Interactive Brokers financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

Interactive Brokers Trading Signals

Interactive Brokers offers trading signals to Interactive Brokers clients.

Interactive Brokers trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A Interactive Brokers trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the Interactive Brokers trader to then decide whether or not to act on the signal.

Make sure you understand the risks of trading signals.

How does Interactive Brokers make money?

Because Interactive Brokers acts as an intermediary, Interactive Brokers gets compensated on buy and sell transactions of financial instruments. As a result, Interactive Brokers profit is determined by the volume and number of transactions. Interactive Brokers earns revenue to fund their Interactive Brokers platforms and wide range of trading services through market spreads.

Can you buy shares on Interactive Brokers?

Interactive Brokers provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here.

Does Interactive Brokers offer Cryptocurrency?

Interactive Brokers does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

Interactive Brokers Lower fees, lower costs?

Interactive Brokers have reasonable trading fees and costs. Interactive Brokers may charge a deposit fee. Interactive Brokers may charge a withdrawal fee. Some withdrawal fees are out of the control of Interactive Brokers and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

Interactive Brokers minimum deposit is 0 USD / GBP / EUR.

How to start your Interactive Brokers account?

You can sign up for a live or demo Interactive Brokers trading account by visiting Interactive Brokers and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an Interactive Brokers account here.

How's the Interactive Brokers trading app?

Interactive Brokers allow traders to trade financial markets on iOS supported mobile devices.

You can tryout the Interactive Brokers trading app here.

Is the quality of Interactive Brokers customer service satisfactory?

Interactive Brokers have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

Interactive Brokers is a good trading platform for new traders as Interactive Brokers offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from Interactive Brokers?

Interactive Brokers offer a good selection of withdrawal options. Once Interactive Brokers have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

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Ashly Chole - Senior Finance & Technology Editor

Interactive Brokers Review 2022 (Expert Review) guide updated 23/09/22