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Interactive Brokers Guide – Read our In-Depth Interactive Brokers Review

Interactive Brokers Rating: 7.78 / 10

Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.

This Interactive Brokers review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Interactive Brokers review does not apply to users in BR, KR, IR, IQ, SY, JP, US

This Interactive Brokers review contains the latest information about Interactive Brokers.

If you're a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You'll get proficient at all the concepts of broker since you continue trading. For starters, you need to select the ideal broker who will be transparent with you constantly.

Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program will generate hefty returns. Interactive Brokers is one such stage which will take you and your investment into great heights. It's crucial that you know about Interactive Brokers until you trust them with your money.

Interactive Brokers review screenshot

Interactive Brokers Guide – Brief Overview

Interactive Brokers Telephone Number: +1 203 618 5800
Interactive Brokers Email Address: support@interactivebrokers.com
Interactive Brokers Address: One Pickwick Plz, Greenwich, Connecticut 06830, US
Year Founded: 1977
Regulated By: the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917).
Hedquarters: United States
Minimum Deposit: $0
Number Of Clients: 1,000,000+ Interactive Brokers users and traders
Interactive Brokers LinkedIn: https://www.linkedin.com/company/interactive-brokers/
Interactive Brokers Facebook: https://www.facebook.com/InteractiveBrokers/
Interactive Brokers Facebook Likes: 156,364
Interactive Brokers Twitter: @IBKR
Interactive Brokers Twitter Followers: 245,500
Interactive Brokers Instagram: https://www.instagram.com/interactivebrokers
Interactive Brokers Instagram Followers: 9,869
Interactive Brokers Youtube: https://www.youtube.com/interactivebrokers

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors.

Our entire Interactive Brokers Review covers everything you need to know about trading with Interactive Brokers. A good broker can multiply your initial investments and provide you favourable profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investment goals.

There is no sure-fire method to guarantee profits; therefore, you must carefully assess your broker before you choose them. It's a common misconception that all agents will be the same, but that's not true. Wrong judgment, initially, can put your investments at risk.

Interactive Brokers is a broker which has forged its way successfully into the broker world. Within this review, we've tried to collate a number of the important facets of Interactive Brokers. This review can help you to understand whether Interactive Brokers is a fantastic fit for your investments or not. We have tried to breakdown all of the qualities and charges for your advantage.

Interactive Brokers Review, Table Of Contents

Who are Interactive Brokers?

Interactive Brokers is a forex broker headquartered in United States and provides a variety of instruments for online trading. Since its beginning in 1977, Interactive Brokers has emerged as a top-tier player in the industry of online broker. Interactive Brokers has a highly competitive and full-featured trading site that's focused on currency, indices, metals, stocks , commodities.

Over the past 44 years, Interactive Brokers has grown into one of the leading online brokers.

After launching in 1977, their consumer base is becoming as large as 1,000,000+ clients.

Interactive Brokers is the favourite for many dealers.. Our Interactive Brokers review discovered that they're an superb choice for automated trading options. It is best suited for investors who are searching for a variety of assets. Social and automated trading options are the heart at Interactive Brokers.

Technology plays a significant role in Interactive Brokers. Interactive Brokers features trading on Web Trader, NinjaTrader, Tablet & Mobile apps. Interactive Brokers is honest, transparent, and also a well-regulated broker by the the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917).. Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also provide in-house research.

Who Founded Interactive Brokers?

The founders of Interactive Brokers are Thomas Peterffy

The creators of Interactive Brokers are famous for their experience in the world of internet trading. However, there are a lot of other key men and women at Interactive Brokers who have a significant impact on it's success.

The trader resource department at Interactive Brokers is very enlightening for new traders as it allows them to get a closer look in the financial markets. Interactive Brokers caters to all types of traders and are a must-have broker for almost any well-diversified method of online trading.

Interactive Brokers Videos

Benefits of doing online trading with Interactive Brokers?

Trading with Interactive Brokers comes with many benefits. These advantages are what sets Interactive Brokers apart from the rest of the online brokers. You need to check all the benefits listed so that you have a better understanding of Interactive Brokers.

The broker goes to great lengths to understand what traders want. Consequently, the service, quick, and convenient. The agent also provides a variety of programs for all types of traders. Interactive Brokers helps to ensure that the individual needs of all traders are completely met.

Interactive Brokers also features excellent trading conditions which are available to only an elite group of institutional customers. The tight spreads and quick executions are a great benefit for those traders. The technology embraced by Interactive Brokers is among the highest caliber, ensuring that it's fast, reliable, and efficient.

Interactive Brokers acknowledges the importance of owning a fast order execution. A quick execution will allow users to trade without fretting about slippage safely. It will also aid the dealers to grab the maximum profitable opportunities.

Interactive Brokers's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading.

Interactive Brokers has over 100 trading tools to support all types of traders. These tools are lively and convenient for both new and experienced traders. The dealers can set aside all their worries when trading with Interactive Brokers.

Interactive Brokers overview

Year Founded: 1977

Regulated By: the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917).

Hedquarters: United States

Minimum Deposit: $0

Number Of Clients: 1,000,000+

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors.

If you feel that Interactive Brokers is not right for you then at the bottom of this Interactive Brokers review you wil find a lot of alternatives to Interactive Brokers.

What you ought to know about trading with Interactive Brokers

Interactive Brokers is a lively platform that provides various procedures of trading. These instruments cover the financial markets substantially. The Majority of the brokerage platforms offer fewer procedures than Interactive Brokers

If you wish to trade with Interactive Brokers, you will require a minimum deposit of $0. This deposit is mandatory if you wish to start trading using Interactive Brokers. This 2021 Interactive Brokers review will direct you safely about trading with them.

Interactive Brokers is as versatile as another broker platform. Interactive Brokers is excellent for traders that want a manageable array of cheap services. The platforms offered by Interactive Brokers are third party, white-label offerings. All traders may select out of Web Trader, NinjaTrader, Tablet & Mobile apps.

Along with everything, Interactive Brokers has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade must be kept available. The brokers offer premium customer service that rewards customers with advantages.

Many unprofessional brokers attempt to pressurise consumers into bigger funding for premium services. Interactive Brokers, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further benefits will come along.

Interactive Brokers accounts are available all over the world and provides excellent service everywhere they have customers. There are only a select few countries where Interactive Brokers accounts are not available. Traders in the following countries cannot open or use a Interactive Brokers account:

BR, KR, IR, IQ, SY, JP, US

Is Interactive Brokers Safe To Trade With?

Launched in 1977, Interactive Brokers has been open for 44 years, they are headquarted in United States.

Interactive Brokers is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917).. These bodies have rules that mandate that trading platforms have ploicies in place to keep investor's resources secured. This means that Interactive Brokers users do not need to worry about their money since it is segregated and safely kept in established banks. SSL encryption simplifies each user's personal information also.

You can make use of an option for Two Factor Authentications (2FA) with Interactive Brokers for increased safety. An SMS with the verification code will be sent to your phone. You'll be asked to enter this code to log into your accounts.

Another concern with financial brokers with respect to safety might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more prevalent in the example of Market Maker brokers who compete with users on the platform.

Interactive Brokers Risk Disclaimer

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors.

Pro's & Con's Of Trading With Interactive Brokers

Every online trading platform has some pros and cons Interactive Brokers review would be complete without showing both sides. This Interactive Brokers review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Interactive Brokers Pro's

  • Interactive Brokers is trusted by 1,000,000+ clients
  • Interactive Brokers has low minimum deposit requirements
  • Interactive Brokers doesn't charge inactivity fees
  • Interactive Brokers doesn't charge deposit fees
  • Interactive Brokers offers social trading
  • Interactive Brokers offer trading on Web Trader, NinjaTrader, Tablet & Mobile apps
  • Interactive Brokers offer 100 trading instruments
  • Interactive Brokers trades major forex pairs
  • Interactive Brokers trades minor forex pairs
  • Interactive Brokers trades exotic forex pairs
  • Interactive Brokers can communicate in English, and Chinese

Interactive Brokers Con's

  • Interactive Brokers does not offer Negative Balance Protection
  • Interactive Brokers does not offer Guaranteed Stop Loss
  • Interactive Brokers charge withdrawal fees
  • Interactive Brokers doesn't offer trading on cryptocurrencies
  • Interactive Brokers charge CFD fees
  • Interactive Brokers doesn't offer copy trading
  • Interactive Brokers doesn't offer trailing stop

Interactive Brokers Review - Compare Brokers Similar To Interactive Brokers

Interactive Brokers grinta invest Fidelity Xtrade
Rating 7.78 / 10 6.45 / 10 4.31 / 10 3.1 / 10
Minimum Deposit $0 $250 $100 $1
Year Founded 1977 2020 2008 2003
Headquarters United States Grenadines USA Australia
Regulated By the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917). Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F251 Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) Cyprus Securities and Exchange Commission (CySEC)
Clients 1,000,000+ 200,000+ 10,000+ 10,000+
Find Out More
Risk Warning The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. Your capital is at risk Your capital is at risk Losses can exceed deposits

Interactive Brokers Review - Regulation And Licencing In More Detail

Interactive Brokers is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917)..

Interactive Brokers, as a company, has a powerful set of rules for ensuring fair trading onto its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, client data is to not be shared with some other institutions or individuals. Including credit history and other financial information.

Interactive Brokers Review - Awards

Interactive Brokers have won many industry awards over the years they have been running as a financial broker. We show the most recognised awards for Interactive Brokers here.

  • In 2019 Interactive Brokers was awarded Best Online Broker.
  • In 2019 Interactive Brokers was awarded Top low cost-broker.
  • In 2020 Interactive Brokers was awarded Best Broker for Low-Cost Investing.
  • In 2021 Interactive Brokers was awarded Best Broker for Day Trading.
  • In 2021 Interactive Brokers was awarded Best Online Broker for Bonds.

Interactive Brokers Trading Platforms

Interactive Brokers are a professional trading platform that has been operating for over 44 years. They offer a wide range of options in their client accounts.

In the following table we take the main parts of any reputable online trading platform and compare Interactive Brokers against grinta invest, Fidelity, and Xtrade

Interactive Brokers grinta invest Fidelity Xtrade
Demo Account Yes Yes Yes Yes
Proprietary Platform Yes
Windows App Yes Yes Yes Yes
Mac App Yes Yes Yes Yes
Linux App No No No No
Social Trading Yes No Yes No
Copy Trading No No Yes No
MetaTrader 4 (MT4) Yes No No Yes
MetaTrader 5 (MT5) Yes Yes Yes Yes
cTrader Yes Yes Yes Yes
DupliTrade Yes No No Yes
ZuluTrade Yes


The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors.


Your capital is at risk


Your capital is at risk


Losses can exceed deposits

Interactive Brokers Review - Minimum Deposit Required

The minimum deposit you must deposit to get started on Interactive Brokers is $0. This is a decent amount for people just starting out. It's possible to make more complex residue as you cooperate. However, ensure that you understand how to make the most of your money before investing larger sums.

Interactive Brokers Review - Commission And Fees Explained

Interactive Brokers is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced by the number of clients they have.

However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of fees for this purpose.

The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In these cases, you are paying a spread, funding speed, or even a commission. The sorts of trading charges and the rates vary from broker to broker.

Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight prices are those who are charged when you maintain a leveraged position for more than a day.

Aside from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake on your account. They are charged for things like depositing cash, not trading for lengthy periods, or withdrawals.

In general, Interactive Brokers does not charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who often trade, such as weekly or daily trading.

But, non-trading fees billed by Interactive Brokers are relatively higher. Consequently, you're charged more for non-trading activities in your trading accounts, such as withdrawal and deposits. These aren't about the purchase and sale of assets.

This Interactive Brokers review breaks down each of the applicable non-trading charges for you in detail.

Compare broker fees against Interactive Brokers

Interactive Brokers grinta invest Fidelity Xtrade
Minimum Deposit $0 $250 $100 $1
Withdrawal Fees Yes No No No
Inactivity Fees No No Yes No
Deposit Fees No No No Yes
CFD Fees Yes No Yes Yes


The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors.


Your capital is at risk


Your capital is at risk


Losses can exceed deposits

Interactive Brokers Review - Withdrawal Fees Explained

Interactive Brokers charges a withdrawal fee if you create a bank transfer. Every time you move money back into your bank accounts, these withdrawal fees become applicable.

Withdrawal of money is possible at any moment from the Interactive Brokers account. It's possible to withdraw up sums to the sum of your account balance, keeping aside the perimeter utilized. One thing to keep in mind is that you don't necessarily have to have any money on your account.

In addition, the withdrawn money will be moved directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent to the card. Interactive Brokers will ask you to offer other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're opting to draw in.

Interactive Brokers Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your mind while open an account with Interactive Brokers. An inactivity fee is an amount charged to registered dealers who have not participated in purchasing or selling for a while. The period considered inactive is determined by the agent.

The inactivity fee differs from one agent to another and isn't standardized. If a traders account doesn't have a purchasing or selling transaction, it's claimed by the agent as an inactivity charge. The traders need to pay this commission under terms and conditions that they had agreed while registering.

Interactive Brokers doesn't charge inactivity fees so you are free to utilize your account as needed

Even if no fees have been indicated by Interactive Brokers, it is better that you close the account if you're inactive. Inactivity fees are not only charged by broker companies but also many financial services.

For additional trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is subjected to many circumstances and should be disclosed clearly by the agent beforehand.

Interactive Brokers Review - Deposit Fees Explained

When you transfer money in your trading account by the bank account, a deposit fee can be billed by the broker. Most agents do not charge too much money for this operation.

Interactive Brokers doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the Interactive Brokers trading platform is simple. You simply have to complete a single-user profile survey to begin depositing money into your trading account. You will need to provide an identity proof and proof of residency to deposit substantial amounts.

Interactive Brokers Review - Compare Broker Deposit Methods

Interactive Brokers grinta invest Fidelity Xtrade
Minimum Deposit $0 $250 $100 $1
Credit Card Yes Yes Yes
PayPal No Yes No
Neteller No Yes No
Skrill No Yes No
Payoneer Yes Yes Yes


The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors.


Your capital is at risk


Your capital is at risk


Losses can exceed deposits

What Can You Trade With Interactive Brokers?

Note: Interactive Brokers offers many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may differ depending on the country of residence of the client.

Interactive Brokers has a wide variety of over 100 instruments available for you to trade with.

If trading forex pairs is of interest to you then Interactive Brokers offer over 54 currency pairs.

Compare Interactive Brokers, grinta invest, Fidelity & Xtrade below.

Interactive Brokers grinta invest Fidelity Xtrade
Platforms Web Trader, NinjaTrader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro
Instruments Available 100 134 98
Forex & Crypto
Forex Pairs Available 54 104
Offers Major Forex Pairs? Yes Yes Yes
Offers Minor Forex Pairs? Yes Yes No
Offers Exotic Forex Pairs? Yes Yes No
Offers Cryptocurrencies? No Yes No
Commodity CFD's
Commodities Offered 12 50 0 0
Trade Metals? Yes Yes No
Trade Energies? Yes Yes No
Trade Agricultural? Yes No No
Indiced & Stock CFDs
Stocks Offered 100 50 0 0
Trade UK Shares? Yes No No
Trade US Shares? Yes No Yes
Trade German Shares? Yes Yes No
Trade Japanese Shares? Yes No No


The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors.


Your capital is at risk


Your capital is at risk


Losses can exceed deposits

Reviewing The Interactive Brokers Mobile App

Note: Interactive Brokers's mobile app has a lot of functions and is being constantly developed. The table below was correct at the time of compiling this Interactive Brokers review.

Understand the capabilities of the mobile apps of Interactive Brokers, grinta invest, Fidelity & Xtrade below.

Interactive Brokers grinta invest Fidelity Xtrade
Basic Alerts / Push Notifications Yes Yes Yes Yes
Watchlists
Has A Watchlist Yes Yes No No
Watchlist Syncs Across Platforms Yes Yes Yes No
Indicators And Charts
App Indicators Yes Yes No No
Can Draw Trendlines Yes Yes Yes No
Can Move Trendlines Yes Yes No No
Has Multiple Timeframes Yes Yes Yes No
Saves Charts Yes Yes No No
Other Broker Mobile App Functions
Has Economic Calendars Yes Yes No No


The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors.


Your capital is at risk


Your capital is at risk


Losses can exceed deposits

Interactive Brokers Customer Support

For our Interactive Brokers review we looked at the customer service options including response times, and the Interactive Brokers trading platform issue resolution effectiveness. Interactive Brokers supports various languages including English, and Chinese.

Interactive Brokers Live Chat Support

We have tested the experience with the Interactive Brokers, and it was very effective. We made a request through the Interactive Brokers livechat via their website and app and got a reply within 20 seconds. There was sometimes no response.

We tried communicating through Interactive Brokers support in a variety of languages across multiple countries. Interactive Brokers were able to resolve our customers' problems.

Interactive Brokers Phone Support

We made a call to Interactive Brokers and the call was answered very promptly. The call was answered in less than 5-10 minutes.

Interactive Brokers phone support team were able to successfuly answer our questions and concerns over the phone. We tried the multi-lingual Interactive Brokers team by making calls in various languages. Interactive Brokers made efforts to ensure all of our questions were answered.

The overall phone support provided by Interactive Brokers was okay.

Interactive Brokers Email Support

We sent several emails to Interactive Brokers and answer times overall were excellent. The fastest email response time from Interactive Brokers was 4 hours and the longest response time was 3 days! There were times when there wasn't a response. Response times to support may differ for you at Interactive Brokers, but this was our experience sending out 10 emails at different times.

The team resolved and answered our queries. The overall average of email support provided by Interactive Brokers was excellent.

Alternatives To Interactive Brokers

If, after studying this Interactive Brokers review, they don't quite fulfill your requirements check out these Interactive Brokers alternatives.

We have scoured the internet to find the best alternatives to Interactive Brokers. Click on the links below to learn more.

Frequently Asked Questions about Interactive Brokers

Can I try Interactive Brokers before I buy?

Yes, you can most definitely try Interactive Brokers before you buy. Interactive Brokers provides demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the system and yourself and your trading strategies.

If you sign up to get a demonstration account on Interactive Brokers, you will set out with a decent amount of virtual money. It's to establish a sense of safety and confidence in you until you decide to invest your own money.

With this digital Interactive Brokersdemo account, you are able to experiment in any way, to whatever length you wish. You might even open positions, test different trading strategies, and more.

Interactive Brokers specifies on its official website which you can trade real time stocks with your demo account.

Is Interactive Brokers safe?

It is possible to drop all of your worries since we believe that Interactive Brokers is totally safe to use. It is in compliance with the rules of the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917)..

Nevertheless, Interactive Brokers doesn't provide assured stop-loss protection.

Why does Interactive Brokers ask for my passport?

The reason that Interactive Brokers asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Interactive Brokers has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Interactive Brokers must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with Interactive Brokers?

The process to start trading withInteractive Brokers is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Interactive Brokers website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Interactive Brokers is $0. You should have a good hold over the details of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with Interactive Brokers.

The best way to kickstart your trading career with Interactive Brokers is to open a demo account facility before risking any real money

What funding methods do Interactive Brokers accept?

There are a number of methods to finance your accounts with Interactive Brokers. The process is effortless and quick, with various payment methods at your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must bear in mind that PayPal isn't available in every country. The monies Interactive Brokers

Is my money safe with Interactive Brokers?

Yes, your money is safe and secure with Interactive Brokers. As you know, Interactive Brokers works with proper conformation to. It has established lots of measures to guard all of its investors.

Interactive Brokers protects its clients' private and sensitive data under SSL encryption. Your capital will be kept highly secure in top-tier banks.

If you wish to further protect your accounts, it is possible to enable Two-Step Verification also. It requires an SMS confirmation for you to get your accounts.

Is Interactive Brokers trading good?

Yes, trading via Interactive Brokers is a nice and good experience indeed. It is an excellent and intuitive platform with helpful features for your ease. Moreover, you could also obtain access to a vast collection of educational resources and assistive substance to kickstart your trading experience.

If you are still skeptical, you can open a eToro demo account and assess the credibility of the platform for yourself.

Which Countries does Interactive Brokers support?

Interactive Brokers operates around the globe. However, due to regulations there are some countries that Interactive Brokers can't accept clients resident in BR, KR, IR, IQ, SY, JP, US

Is Interactive Brokers legit?

Interactive Brokers is a legit company headquarted in United States since 1977. They are regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917).. Interactive Brokers is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is Interactive Brokers a good broker?

Interactive Brokers is an excellent agent, and its own users can vouch for it. The highlight of the platform is its quick order execution on transactions.

You will discover the clean layout of this platform along with the commendable features that a pleasure to work with.

Is Interactive Brokers a trustworthy broker?

Yes, Interactive Brokers is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 1,000,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for Interactive Brokers?

The minimum deposit to open a live account with Interactive Brokers is $0

How long do Interactive Brokers withdrawals take?

Normally, withdrawal of money from Interactive Brokers is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Interactive Brokers to show in your bank account.

Are Interactive Brokers regulated?

Interactive Brokers are regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917).

Is Interactive Brokers a market leading broker?

Interactive Brokers is indisputably among the business leaders. It supports over 1,000,000+ registered users and over 44 years of experience on its own record. They are one of the world's leading trading platforms and also a dominant figure in the Fintech revolution.

It simplifies this status to its unbelievable platform and wide selection of tools plus resources so that you can invest in capital markets.

Is Interactive Brokers a con?

No, Interactive Brokers is not a con. They are regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917). and must adhere to their rules. Thus, it is safe to say that Interactive Brokers is not a scam.

Can you make money with Interactive Brokers?

Through Interactive Brokers, several traders make a lot of money. But typically, through continual trading, you can create between 2% - 10% profit a month.

This can look to be a little number, but over the entire year, this adds to a significant number of gains. While Interactive Brokers provide you all the tools to earn money, they cannot guarantee that you will gain.

Does Interactive Brokers have fees?

Yes. To start trading with Interactive Brokers, you have to deposit $0. Particular commissions while trading additionally applies. Any processing fees from your bank might have to be incurred by you.

When was Interactive Brokers founded?

Interactive Brokers was founded in 1977 in United States. Interactive Brokers is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917)..

How many people use Interactive Brokers?

Interactive Brokers is a globally recognised broker with 1,000,000+ customers.

Where is the Interactive Brokers head office?

Interactive Brokers has its head office in United States

Does Interactive Brokers offer negative balance protection?

No. Interactive Brokers doesn't provide negative balance protection. If your balance is negative, Interactive Brokers indicates that you promptly contact client services. With this, you are able to fix any imbalances within your account.

Does Interactive Brokers offer guaranteed stop loss?

Interactive Brokers regrettably, does not provide guaranteed stop loss. Interactive Brokers provides an opportunity for its dealers to close their trades in their specified price. Apart from this, Interactive Brokers doesn't provide guaranteed stop loss.

Does Interactive Brokers allow scalping?

Yes, Interactive Brokers do allow scalping. Many traders across the world choose Interactive Brokers due to their services that are trading. They offer trading on Web Trader, NinjaTrader, Tablet & Mobile apps which allow this.

Does Interactive Brokers allow hedging?

Yes, Interactive Brokers does allow hedging.

Can you trade energies with Interactive Brokers?

Yes, you can trade energy stocks with Interactive Brokers

Can you trade agricultural shares with Interactive Brokers?

Yes, you can trade agricultural stocks with Interactive Brokers

Can you trade cryptocurrency with Interactive Brokers?

No, unfortunately you cannot trade cryptocurrency with Interactive Brokers

Can you trade metals with Interactive Brokers?

Yes, you can trade metals with Interactive Brokers

Can you trade UK Shares with Interactive Brokers?

Yes, you can trade UK shares with Interactive Brokers

Can you trade US Shares with Interactive Brokers?

Yes, you can trade US shares with Interactive Brokers

Can you trade Japanese Shares with Interactive Brokers?

Yes, you can trade Japanese shares with Interactive Brokers

Can you trade German Shares with Interactive Brokers?

Yes, you can trade German shares with Interactive Brokers

Does Interactive Brokers accept bank transfers?

Yes, Interactive Brokers accepts bank transfers for depositing money.

Does Interactive Brokers accept credit cards?

Yes, Interactive Brokers accepts credit cards for depositing money.

Does Interactive Brokers accept PayPal?

No, Interactive Brokers does not accept PayPal.

Does Interactive Brokers accept Skrill?

No, Interactive Brokers does not accept Skrill.

Does Interactive Brokers accept Payoneer?

Yes, Interactive Brokers accepts Payoneer for depositing money.

Does Interactive Brokers accept Neteller?

No, Interactive Brokers does not accept Neteller.

Does Interactive Brokers offer Live Chat customer support?

Yes, Interactive Brokers offers customer support through live chat.

Does Interactive Brokers offer phone customer support?

Yes, Interactive Brokers offers customer support over the telephone.

Does Interactive Brokers offer email customer support?

Yes, Interactive Brokers offers customer support through email.

What languages can Interactive Brokers communicate in?

Interactive Brokers has the ability to communicate and support customers who speak: English, and Chinese

Does Interactive Brokers have a wikipedia page?

Yes, Interactive Brokers does have a wikipedia page. It can be found at https://en.wikipedia.org/wiki/Interactive_Brokers

Does Interactive Brokers offer demo accounts?

Yes, Interactive Brokers offers virtual portfolio accounts so you can learn their systems before risking any real money. Newbie traders can open a demo account in order to better understand the aspects of Forex trading and test out some of Interactive Brokers's features before risking a live account.