Interactive Brokers review (2021)

interactive brokers review

Interactive Broker was established in 1977. Interactive Brokers provides services inclusive of stocks, options, futures, forex metals and bonds. The company also operates in135 markets in 33 different countries and trading can be done in various currencies. Interactive Brokers is licensed and regulated by the Financial Conduct Authority (FCA).

Security

  • Credible banks to store clients funds.
  • Technologically sound encryption techniques to keep off cyber fraud 
  • Segregated bank accounts to separate the company’s funds from clients’ funds.

Trading Platforms

Interactive Brokers provides traders with the opportunity to trade on the desktop TWS, the IBKR mobile platform and the IBKR webtrader platforms.

interactive brokers trading platforms

Trader Workstation (TWS)

  • Research, News and Market Data
  • Real Time Monitoring
  • IBKR Order Type and Algos
  • Risk Management
  • Paper Trading
  • TWS Software

IBKR-Mobile

  • Trade on the Go
  • Innovative Trading Tools
  • Spend Securely
  • Deposit Funds with Mobile Check Deposit
  • Authenticate with IB Key

IBKR-Webtrader

  • Market Data and Charts
  • Advanced Trading Tools
  • News and Fundamentals
  • Customizable Interface
  • IBKR Webtrader Software

Accounts

Interactive Brokers traders can trade on and a Demo account. 

interactive brokers account types

Education 

  • Traders’ Academy
  • Webinars
  • Short Videos
  • Traders’ Insight
  • IBKR Quant Blog
  • Traders’ Glossary
  • Student Trading Lab
  • Traders’ Calendar
  • Live Events

Costs 

Interactive Brokers offers maximum leverage of 1:40. The company also provides retail clients with $0 commissions on US listed stock and ETF trades, no account minimums and no inactivity fees. Deposits and withdrawals can be made via Debit Mastercard, Bank Transfer, and Bill Pay. Unfortunately, the Interactive Brokers Debit Mastercard and Bill Pay are currently only available to residents of the United States.

Client Support

Interactive Brokers provides customer support 24/6 via telephone, chats and emails. 

Regulation

  • Interactive Brokers is regulated and authorised by the Financial Conduct Authority (FCA).

Conclusion

Interactive Brokers provides traders with the opportunity to trade on the desktop TWS, the IBKR mobile platform and the IBKR webtrader platforms. Interactive Brokers offers maximum leverage of 1:40, zero commission, no account minimum and no inactivity fee. Interactive brokers keep clients’ funds safe in segregated accounts in top tier banks with full access to customer support 24 hours a day, six days a week.

Rating: 3 stars

LEAVE A REPLY

Please enter your comment!
Please enter your name here