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

Interactive Brokers Rating: 7.78 / 10

This page contains information about investing with Interactive Brokers. It is intended for educational purposes only and should never be considered financial advice. CompareBrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.

All of the information about the brokers you see reviewed on CompareBrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the 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 for their needs.

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.

This Interactive Brokers review has been updated for 2022 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 Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.

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

If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You'll get adept at all of the concepts of broker as you keep trading. For starters, you need to choose the right broker who will be clear with you constantly.

In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program could help you in minimising any losses and maximising any profits. Interactive Brokers is one such platform which can assist you. It is important to know about Interactive Brokers before you trust them with your cash.

Interactive Brokers review screenshot

Interactive Brokers Review for 2022 – Quick 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 full Interactive Brokers Review covers everything you need to know about trading with Interactive Brokers. A fantastic agent can use your first investments and help to protect it from losses but also give you a platform that can provide you positive profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment objectives.

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

Interactive Brokers is a broker which has forged its way successfully to the broker world. In this review, we have tried to collate a number of the important facets of Interactive Brokers. This review will help you to know whether Interactive Brokers is a good match for your own investments or not. We have tried to breakdown all of the features and charges for your convenience.

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 tools for online trading. Since its establishment in 1977, Interactive Brokers has emerged as a top player in the industry of online broker. Interactive Brokers includes an extremely aggressive and full-featured trading website that's focused on forex, indices, metals, sharesand commodities.

Over the past 45 years, Interactive Brokers has grown into one of the leading online brokers.

After launching in 1977, their consumer base has become as big as 1,000,000+ clients.

Interactive Brokers is the favourite of many dealers.. Our Interactive Brokers review discovered that they are an superb alternative for automated trading solutions. It is most appropriate for investors who are looking for a variety of assets. Social and automated trading solutions are the core at Interactive Brokers.

Technology plays a substantial role in Interactive Brokers. Interactive Brokers features trading on Web Trader, NinjaTrader, Tablet & Mobile apps. Interactive Brokers is honest, transparent, and 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 resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.

Who Founded Interactive Brokers?

The founders of Interactive Brokers are Thomas Peterffy

The founders of Interactive Brokers are known 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 substantial contribution to it's success.

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

Interactive Brokers Videos

Benefits of doing online trading with Interactive Brokers in 2022

Trading with Interactive Brokers comes with many advantages. These benefits are what sets Interactive Brokers ahead of all other online agents. You need to check all the benefits listed so that you have a better comprehension of Interactive Brokers.

The broker goes to great lengths to comprehend what traders want. As a result, the service, fast, and convenient. The agent also gives a variety of platforms for all types of traders. Interactive Brokers ensures that the individual needs of all traders are met to the best of their capabilities.

Interactive Brokers also features excellent trading conditions that are readily available to only an elite class of institutional clients. The tight spreads and fast executions are a great benefit for the traders. The technology embraced by Interactive Brokers is among the highest caliber, making sure that it's fast, dependable, and efficient.

Interactive Brokers admits the significance of owning a quick order execution. A fast execution will allow users to exchange without worrying about slippage safely. It will also aid the dealers to catch any opportunities.

To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Interactive Brokersoffers social trading which encompasses leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading..

Interactive Brokers has over 100 trading tools to support all types of traders. These instruments are lively and suitable for both the new and experienced traders. The traders can put aside all their concerns when trading using 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 should know about trading with Interactive Brokers

Interactive Brokers is a dynamic platform that offers various techniques of trading online. These tools cover the monetary markets considerably. Most of the brokerage platforms offer fewer methods than Interactive Brokers

If you wish to exchange with Interactive Brokers, you will need a minimum deposit of $0. This deposit is mandatory if you want to start trading with Interactive Brokers. This 2022 Interactive Brokers review will guide you clearly about trading with them.

Interactive Brokers is as versatile as any other brokerage platform. Interactive Brokers is great for traders who want a manageable variety of cheap services. The platforms provided by Interactive Brokers are third-party, white-label offerings. All traders may pick from Web Trader, NinjaTrader, Tablet & Mobile apps.

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

Many less reputable brokers try to pressurise consumers into larger funding for superior services. Interactive Brokers, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater benefits will become available.

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

Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.

Is Interactive Brokers Safe To Trade With in 2022?

Launched in 1977, Interactive Brokers has been in operation for 45 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 figures have rules that make sure that trading platforms have steps in place to maintain investor's assets secured. This usually means that Interactive Brokers users do not need to be worried about their money since it's segregated and safely stored in banks that are established. SSL encryption secures every user's private information also.

You are able to make use of an option for 2 Factor Authentications (2FA) with Interactive Brokers for heightened safety. An SMS for the confirmation code will be sent to a mobile phone. You will be required 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 users on those platforms. However, this is more widespread in the example of Market Maker brokers who compete with customers 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 ups and downs, and no Interactive Brokers review would be complete without having a balanced approach. 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
learn more about Interactive Brokers
AxiTrader
learn more about AxiTrader
fxglory
learn more about fxglory
morrison securities pty limited
learn more about morrison securities pty limited
Rating 7.78 / 10 4.65 / 10 4.8 / 10 3.2 / 10
Minimum Deposit $0 $0 $250 $250
Year Founded 1977 2007 2013 2014
Headquarters United States Australia Cyprus Malta
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) 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-F244 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-F281
Clients 1,000,000+ 10,000+ 1,000,000+ 12,000,000+
Find Out More


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.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider.


Your capital is at risk


Your capital is at risk

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 business, has a powerful collection of rules for ensuring honest trading onto its own platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, customer 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 time they have been running as an online broker. We list the most notable awards for Interactive Brokers below.

  • 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 reputable brokerage that has been operating for over 45 years. They offer a large range of options in their user accounts.

Below we take the main parts of any good brokerage and compare Interactive Brokers against AxiTrader, fxglory, and morrison securities pty limited

Interactive Brokers
learn more about Interactive Brokers
AxiTrader
learn more about AxiTrader
fxglory
learn more about fxglory
morrison securities pty limited
learn more about morrison securities pty limited
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 Yes Yes No
Copy Trading No Yes No No
MetaTrader 4 (MT4) Yes Yes Yes Yes
MetaTrader 5 (MT5) Yes Yes Yes Yes
cTrader Yes Yes Yes Yes
DupliTrade Yes No Yes 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.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider.


Your capital is at risk


Your capital is at risk

Interactive Brokers Review - Interactive Brokers MetaTrader 4 (MT4)

MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.You can start using the MetaTrader 4 platform with Interactive Brokers in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. Interactive Brokers MetaTrader 4 is compatible with the latest macOS. Interactive Brokers allows traders to trade on mobile devices through Android and iOS devices.

Metatrader 4 Webtrader and Interactive Brokers

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.

Trading With Interactive Brokers MetaTrader 4 On iOS Devices

You can download the Interactive Brokers app or also trade with Interactive Brokers through the MetaTrader 4 application on the Apple app store.

Download the Interactive Brokers MetaTrader 4 Program free of charge from Apple's App Store. Interactive Brokers customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.

Trading With Interactive Brokers MetaTrader 4 On Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Interactive Brokers provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 1,000,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Interactive Brokers MetaTrader 4 Android application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.

Interactive Brokers Review - Minimum Deposit Required

The minimum deposit you need to begin on Interactive Brokers is $0. This is a decent amount for those just beginning. You can create more complex deposits as you go along. But, make certain you know how to make the most of your money before investing larger sums.

Interactive Brokers Review - Commission And Fees Explained

Interactive Brokers is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an internet broker isn't necessarily affected by the number of customers they have.

But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 different types of fees for this objective.

The first kind of charges to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, funding speed, or a commission. The kinds of trading charges and the prices differ from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight rates are people that are billed when you maintain a leveraged position for longer than daily.

Apart from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your accounts. They're billed for services like depositing money, not trading for long periods, or withdrawals.

In general, Interactive Brokers doesn't charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, such as weekly or daily trading.

But, non-trading fees billed by Interactive Brokers are comparatively lower. As a result, you are charged more for non-trading activities on your trading accounts, like withdrawal and deposits. These aren't about the sale and purchase of resources.

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

Compare Broker Fees Of Interactive Brokers

Interactive Brokers
learn more about Interactive Brokers
AxiTrader
learn more about AxiTrader
fxglory
learn more about fxglory
morrison securities pty limited
learn more about morrison securities pty limited
Minimum Deposit $0 $0 $250 $250
Withdrawal Fees Yes Yes Yes Yes
Inactivity Fees No No Yes Yes
Deposit Fees No Yes Yes No
CFD Fees Yes Yes Yes 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.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider.


Your capital is at risk


Your capital is at risk

Interactive Brokers Review - Withdrawal Fees Explained

Interactive Brokers charges a withdrawal fee when you make a bank transfer. Every time you transfer money into your bank accounts, these withdrawal fees become applicable.

Withdrawal of money is possible at any moment from the Interactive Brokers account. You can withdraw up sums to the amount of your account balance, keeping aside the perimeter utilized. One thing to remember is that you don't necessarily have to have any cash on your account.

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

There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are choosing to draw in.

Interactive Brokers Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind while open an account with Interactive Brokers. An inactivity fee is an amount charged to registered traders that haven't engaged in buying or selling for some time. The period considered inactive is determined by the broker.

The inactivity fee differs from 1 agent to another and is not standardized. If a dealers account does not have a buying or selling trade, it is maintained by the broker as an inactivity fee. The traders need to pay this fee under terms and conditions that they had agreed while enrolling.

Interactive Brokers doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no fees are implied by Interactive Brokers, it's better for you to 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 is contingent upon the type of account you have chosen. The inactivity fee is exposed to many conditions and needs to be disclosed clearly by the broker beforehand.

Interactive Brokers Review - Deposit Fees Explained

When you move money into your trading account from the bank account, a deposit fee can be billed by the broker. Most agents don't 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 just have to finish a single-user profile survey to begin depositing money into your trading account. You will have to give an identity evidence and proof of residency to deposit substantial amounts.

Interactive Brokers Review - Compare Broker Deposit Methods

Interactive Brokers
learn more about Interactive Brokers
AxiTrader
learn more about AxiTrader
fxglory
learn more about fxglory
morrison securities pty limited
learn more about morrison securities pty limited
Minimum Deposit $0 $0 $250 $250
Credit Card Yes Yes Yes Yes
PayPal No No Yes Yes
Neteller No Yes Yes Yes
Skrill No No Yes Yes
Payoneer Yes 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.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider.


Your capital is at risk


Your capital is at risk

What Can You Trade With Interactive Brokers in 2022?

Note: Interactive Brokers offers many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered will be different based 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 currency pairs is of interest to you then Interactive Brokers offer over 54 forex pairs.

Compare Interactive Brokers, AxiTrader, fxglory & morrison securities pty limited below.

Interactive Brokers
learn more about Interactive Brokers
AxiTrader
learn more about AxiTrader
fxglory
learn more about fxglory
morrison securities pty limited
learn more about morrison securities pty limited
Platforms Web Trader, NinjaTrader, Tablet & Mobile apps MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Instruments Available 100 100 127 164
Forex & Crypto
Forex Pairs Available 54 100 97 134
Offers Major Forex Pairs? Yes Yes Yes Yes
Offers Minor Forex Pairs? Yes Yes Yes Yes
Offers Exotic Forex Pairs? Yes Yes Yes Yes
Offers Cryptocurrencies? No Yes Yes Yes
Commodity CFD's
Commodities Offered 12 20 43 80
Trade Metals? Yes Yes Yes Yes
Trade Energies? Yes Yes Yes Yes
Trade Agricultural? Yes Yes No No
Indiced & Stock CFDs
Stocks Offered 100 20 43 80
Trade UK Shares? Yes Yes No No
Trade US Shares? Yes Yes No No
Trade German Shares? Yes Yes Yes Yes
Trade Japanese Shares? 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.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider.


Your capital is at risk


Your capital is at risk

Reviewing The Interactive Brokers Mobile App

Note: Interactive Brokers's mobile app has a lot of functions and is being constantly improved. What follows was accurate at the time of compiling this Interactive Brokers review.

Understand the capabilities of the mobile apps of Interactive Brokers, AxiTrader, fxglory & morrison securities pty limited below.

Interactive Brokers
learn more about Interactive Brokers
AxiTrader
learn more about AxiTrader
fxglory
learn more about fxglory
morrison securities pty limited
learn more about morrison securities pty limited
Basic Alerts / Push Notifications Yes Yes Yes Yes
Watchlists
Has A Watchlist Yes No No No
Watchlist Syncs Across Platforms Yes No Yes No
Indicators And Charts
App Indicators Yes No No No
Can Draw Trendlines Yes No Yes No
Can Move Trendlines Yes No No No
Has Multiple Timeframes Yes No Yes No
Saves Charts Yes No No No
Other Broker Mobile App Functions
Has Economic Calendars Yes No 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.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider.


Your capital is at risk


Your capital is at risk

Trading Education Available At Interactive Brokers

Understand the trading resources available with Interactive Brokers, AxiTrader, fxglory & morrison securities pty limited below.

Interactive Brokers
learn more about Interactive Brokers
AxiTrader
learn more about AxiTrader
fxglory
learn more about fxglory
morrison securities pty limited
learn more about morrison securities pty limited
Forex Education Yes No No No
CFD Education Yes No Yes No
Regular Client Webinars Yes No No No
Archived Webinars Yes No Yes No
Beginner Trading Videos Yes No No No
Advanced Trading Videos Yes No Yes No
Investor Dictionary (Glossary) Yes No No No
PDF Trading Guides Yes No Yes 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.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider.


Your capital is at risk


Your capital is at risk

Interactive Brokers Customer Support

In this Interactive Brokers review we examined the options for customer service, response times and the Interactive Brokers trading platform problems solving effectiveness. Interactive Brokers supports many languages including English, and Chinese.

Interactive Brokers Live Chat Support

We tried the livechat experience with Interactive Brokers, and it was very effective. We have sent messages through the Interactive Brokers livechat via their website and app and got a reply in less than 20 seconds. Sometimes , there was no response.

We tested communicating with Interactive Brokers support in multiple languages across multiple countries. Interactive Brokers were successful in resolving client's issues.

Interactive Brokers Phone Support

We made a call to Interactive Brokers and the call was answered extremely promptly. It was responded to within less than 5-10 minutes.

Interactive Brokers phone support team was able to successfully address our questions and issues on the phone. We tested the multi-lingual Interactive Brokers team by making calls in various languages. Interactive Brokers made an effort to make sure our queries were answered.

The overall phone support provided by Interactive Brokers was satisfactory.

Interactive Brokers Email Support

We have sent numerous email to Interactive Brokers and the response times were all acceptable. The fastest email response time from Interactive Brokers was 4 hours while the slowest response was 12 days! Sometimes there was no response. Support response times may vary for you with Interactive Brokers, however, we've had the experience of sending 10 emails at varying times.

The team solved and responded to our queries. Average email support from Interactive Brokers was very good.

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've scoured the internet to find the best alternatives to Interactive Brokers. Click on the hyperlinks below to learn more.

Frequently Asked Questions about Interactive Brokers

Can I try Interactive Brokers before I buy?

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

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

With this digital Interactive Brokers demo account, you can experiment at all, to whatever period you desire. You can also open positions, test different trading strategies, and much more.

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

Is Interactive Brokers safe?

It is possible to drop all your worries since we believe that Interactive Brokers is completely safe to use. It's in compliance with all 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)..

Even so, 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 ways 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 is also at your disposal for depositing funds. You have to keep in mind that PayPal is not available in every country. The monies Interactive Brokers

Is my money safe with Interactive Brokers?

Yes, your cash is safe and protected with Interactive Brokers. As you know, Interactive Brokers operates with proper conformation to. It's established plenty of steps to protect all of its investors.

Interactive Brokers safeguards its clients' personal and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.

If you wish to further safeguard your accounts, it is possible to enable Two-Step Verification as well. It takes an SMS affirmation for you to access your account.

Is Interactive Brokers trading good?

Yes, trading through Interactive Brokers is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your ease. In addition, you could also gain access to a huge selection of educational tools and assistive substance to kickstart your trading expertise.

If you remain skeptical, it is possible to open a eToro demo account and assess the credibility of the platform on your own.

Which Countries do Interactive Brokers support?

Interactive Brokers operates around the world. However, due to regulations Interactive Brokers does not accept clients from Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.

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 a great broker, and its users can vouch for it. The highlight of the platform is its quick order execution on trades.

You will discover the clean design of the platform along with the admirable features 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 industry leaders. It supports over 1,000,000+ registered customers and over 45 years of expertise on its own record. They are one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.

It simplifies this status to its incredible platform and wide selection of resources plus tools so that you may put money into 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, many traders make a lot of cash. However, typically, through continual trading, you can create between 2% - 10% profit a month.

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

Does Interactive Brokers have fees?

Yes. To begin trading using Interactive Brokers, you need to deposit $0. Certain commissions while trading also applies. Any processing fees from your bank will 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 does not offer negative balance protection. If your balance is unfavorable, Interactive Brokers indicates that you promptly contact customer services. With this, you can fix any imbalances in your own account.

Does Interactive Brokers offer guaranteed stop loss?

Interactive Brokers regrettably, doesn't offer guaranteed stop loss. Interactive Brokers provides an opportunity to its traders to close their trades in their specified price. Aside from that, Interactive Brokers doesn't offer guaranteed stop loss.

Does Interactive Brokers allow scalping?

Yes, Interactive Brokers do permit scalping. Many traders across the world choose Interactive Brokers for 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 test your trading strategies before risking any real capital. Inexperienced 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.