Interactive Brokers Review
Overall Rating
4.8 / 5
Fees
4.7 / 5
Safety
4.9 / 5
Platforms
4.7 / 5
Education
4.7 / 5
Min. deposit
$0
Our Verdict4.8 / 5
Interactive Brokers is the top choice for experienced traders who want institutional-grade tools, ultra-low fees, and access to virtually every asset class globally.
Best for
- ✓Professional Traders
- ✓High Volume Traders
- ✓Day Traders
- ✓Swing Traders
- ✓Position Traders
- ✓Algorithmic Traders
Not ideal for
- ✗Complete beginners
- ✗Traders wanting a simple UI
- ✗Small deposit traders
Visit Interactive Brokers →
66% of retail CFD accounts lose money.
Interactive Brokers — At a Glance
- Regulation
- SEC (United States), FINRA (United States), FCA (United Kingdom), CBI (Ireland, Europe), CIRO (Canada), SFC (Hong Kong), ASIC (Australia), MAS (Singapore), FSA (Japan), SEBI (India)
- Broker Type
- DMA
- Minimum Deposit
- $0
- Payment Methods
- Bank Transfer, Cryptocurrency, Wise, Check
- Account Currencies
- AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, TRY, SEK, SGD, ZAR, USD
- Assets Offered
- Forex, Spot Currencies, CFDs, Stocks, ETFs, Cryptocurrency, Funds, Bonds, Options, Futures
- Trading Platforms
- Web, Mobile, Desktop, TradingView
- Demo Account
- Yes
- Maximum Leverage
- 1:50
- Spread Type
- Variable
- Spread From
- 0.1 PIPS
- Commission
- 0.08 to 0.20 bps per trade size with a minimum of $2 (or equivalent)
- Decimal Pricing
- 5 decimals
- Minimum Lot Size
- —
- Maximum Lot Size
- —
- Swap Free Account
- No
- Managed Account
- Yes
- PAMM / MAM Trading
- Yes
- Joint Account
- Yes
- Social / Copy Trading
- No
- Hedging
- Yes
- Scalping
- Yes
- One Click Trading
- Yes
- OCO Orders
- Yes
- Trailing Stop Loss
- Yes
- API Access
- Yes
- VPS Hosting
- Yes
- Bonuses
- No
- Contests
- No
- Headquarters
- One Pickwick Plaza, Greenwich, CT 06830 USA
- International Offices
- Canada, United Kingdom, Ireland, Australia, Hong Kong, India, Japan, Singapore
- Languages
- English, Arabic, Dutch, French, German, Hebrew, Hungarian, Italian, Japanese, Portuguese, Russian, Spanish
- Customer Support
- Email, Phone, Live Chat
Pros & Cons
Pros
- +Strong global regulatory framework
- +Publicly listed on the stock exchnage
- +No minimum deposit
- +Supports a wide range of account base currencies
- +Exensive product range
- +Broad global market access
- +Wide range of account types
- +Low forex trading fees
- +Commission-free stocks and ETFs trading in the US and Singapore
- +User-friendly mobile and web apps
- +Professional-grade trading platforms
- +Adequate support for algorithmic trading
- +Institutional-grade trade execution
- +Sophisticated margin trading functionality
- +Highly competitive margin financing rates
- +Comprehensive educational hub (IBKR Campus)
- +Robust selection of powerful research and analysis tools
Cons
- −Not beginner friendly
- −Complex account onboarding process
- −Complex pricing structure
- −Limited payment methods
- −Customer support service can be improved