Interactive Brokers Rated 3/5

Interactive Brokers Guide - Read our In Depth 2024 Interactive Brokers Review

This detailed Interactive Brokers review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex.
*This content does not apply to US users.

Learn more about Interactive Brokers.

Benefits of Trading with Interactive Brokers

Interactive Brokers Review 2024 Quick Summary
๐Ÿ’ฐ Min Deposit 10000
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 Interactive Brokers users and traders
๐Ÿ“† Founded 1977
๐ŸŒ HQ United States
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Financial Conduct Authority (FCA)
๐Ÿšซ Excluded Countries Interactive Brokers is not available in the following countries : US

Open Interactive Brokers's Website

Losses can exceed deposits

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is Interactive Brokers?

Interactive Brokers are a worldwide financial trading platform and broker. founded in 1977

Over 47 years later Interactive Brokers now serves over 10,000 retail investors Forex trading.

Interactive Brokers are a global broker. Interactive Brokers have a head office in United States.

Interactive Brokers have a listed stock symbol. This means that Interactive Brokers have publically listed and you can officially buy/sell shares in Interactive Brokers on one of the worlds global stock market exchanges.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Interactive Brokers review and assess how well the Interactive Brokers platform functions in its role as an international multi asset trading platform for traders in 2024.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Interactive Brokers. Choosing or shortlisting a trading platform like Interactive Brokers can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Interactive Brokers.

As a result, selecting the right trading platform like Interactive Brokers requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Interactive Brokers available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Interactive Brokers requires thorough due diligence and careful consideration. Some Interactive Brokers trading features can be complex when trading on mobile or using the Interactive Brokers online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Interactive Brokers trading tools properly. In our review of Interactive Brokers we explain the pros and cons. What Interactive Brokers offer, countries Interactive Brokers are available in. Who Interactive Brokers are regulated by and more.

Interactive Brokers Review Screenshot

When it comes to online trading with brokers like Interactive Brokers, carefully review Interactive Brokers as your broker can make or break your success. Choosing the right broker is essential to ensure your Interactive Brokers investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Interactive Brokers review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Interactive Brokers. You must also ensure the Interactive Brokers broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Interactive Brokers needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Interactive Brokers into easily digestible information in this Interactive Brokers review. We want to ensure you have all the knowledge necessary to use the Interactive Brokers trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Interactive Brokers are the key to successful trading, so we've provided this detailed Interactive Brokers review. So, take a seat, grab a cup of coffee, and dive in to learn about Interactive Brokers and how it can benefit you or if Interactive Brokers is not for you.

Online investing with Interactive Brokers can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Interactive Brokers, evaluating the Interactive Brokers platform is important. Evaluation includes researching the Interactive Brokers management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Interactive Brokers. That's why it's essential to understand the Interactive Brokers company policies and practices before making any investment decisions. By doing your due diligence and understanding Interactive Brokers platform, you can make informed investment choices that align with your financial goals. So take the time to research Interactive Brokers thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Interactive Brokers review you need to determine if Interactive Brokers is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Interactive Brokers, so you can make a more informed decision and compare other brokers against Interactive Brokers.

If you want to look at some Interactive Brokers alternatives that might better fit your needs, we list and compare some of the best Interactive Brokers alternatives further down this Interactive Brokers review.

Trading online with Interactive Brokers requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the Interactive Brokers trading tools and features. You must know what you are doing when trading with Interactive Brokers. That's why we've compiled this detailed Interactive Brokers review with some important information that will hopefully make you more informed when online trading with Interactive Brokers.

Interactive Brokers Review Table of Contents

Interactive Brokers review
Interactive Brokers is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about Interactive Brokers. Interactive Brokers is a multi asset platform with 100+ tradable Assets. Assets available on Interactive Brokers include Forex.

Interactive Brokers trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex are considered financial assets.

Features of Interactive Brokers

Interactive Brokers review
What you should know

Interactive Brokers offer one way to trade: Forex. The assets and products available to you on the Interactive Brokers trading platform depends on the region of the world, you are in and the Interactive Brokers entity you have an account.

With Interactive Brokers you will need a minimum deposit of $10000. You can sign up for a demo account to acquaint yourself with Interactive Brokers platform.

Interactive Brokers are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Interactive Brokers safe?

When considering Interactive Brokers for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Interactive Brokers, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 1977, and in operation for 47 years Interactive Brokers have a head office in United States.

Interactive Brokers is regulated. This means Interactive Brokers are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Interactive Brokers withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Interactive Brokers are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Interactive Brokers are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Interactive Brokers and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Interactive Brokers has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Interactive Brokers will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Interactive Brokers, you can enjoy peace of mind and focus on your trading activities. If Interactive Brokers violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with Interactive Brokers?

All payments made to Interactive Brokers by traders are securely held in a segregated bank account.

Interactive Brokers uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Interactive Brokers use them?

Interactive Brokers partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Interactive Brokers clients' funds.

Interactive Brokers clients can have greater confidence in their financial security when working with a Tier 1 bank because Interactive Brokers are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Interactive Brokers deposited in a Tier 1 bank?

Depositing funds with Interactive Brokers ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Interactive Brokers were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Interactive Brokers is a secure and safe platform.

Please be aware that trading in financial assets with Interactive Brokers carries a risk of loss. Interactive Brokers trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Interactive Brokers emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about Interactive Brokers, let's closely examine its features.

To better understand the Interactive Brokers trading platform, you can create two separate accounts - one with real money and the other a Interactive Brokers demo account. A Interactive Brokers demo account provides a risk-free environment for experimenting with the Interactive Brokers platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Interactive Brokers trading decisions.

Open a demo account Visit Interactive Brokers

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Interactive Brokers as a Company Compare Against Other Brokers

Broker IB IC Markets Roboforex eToro
Year Established 1977 2007 2009 2007
Head Office United States Australia Belize Cyprus, UK
Regulation Financial Conduct Authority (FCA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ Interactive Brokers users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit Interactive Brokers Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

Interactive Brokers review
Interactive Brokers Pros and Cons

What we like about Interactive Brokers

  • Used by over 10,000 Interactive Brokers users and traders
  • Established in 1977
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $10000

What we don't like about Interactive Brokers

Interactive Brokers review
Interactive Brokers Regulation and Licensing in more detail

Interactive Brokers is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Interactive Brokers going into insolvency. Interactive Brokers compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Interactive Brokers to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Interactive Brokers traders.

Interactive Brokers is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Interactive Brokers you should be sure they're legitimate online agent.

Is Interactive Brokers Global?

Yes, Interactive Brokers is global as Interactive Brokers is available in over 194 countries.

Interactive Brokers is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Interactive Brokers covers include the UK, Germany, South Africa, Thailand, China and Australia. Interactive Brokers has a total of more than 10,000 users.

Interactive Brokers review
Interactive Brokers Fees Explained

  • Interactive Brokers withdrawal fees varies on payment method
  • Interactive Brokers does charge a fee for inactive accounts.
  • Interactive Brokers doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Interactive Brokers are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Interactive Brokers Costs To Check

Modern brokers like Interactive Brokers provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Interactive Brokers may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Interactive Brokers trading profitability.

How Interactive Brokers Fees Compare Against Other Brokers

Broker IB IC Markets Roboforex eToro
Min Deposit 10000 200 10 100
Withdrawal Fees 10 USD No Yes Yes
Inactivity Fees Yes No No Yes
Deposit Fees No Varies No No
CFD Commission Fees Yes Yes No Yes

Interactive Brokers Minimum Deposit

Interactive Brokers requires a minimum deposit of 10000 GBP/USD/EUR when opening an Interactive Brokers trading account.

A minimum deposit is the minimum amount of money required by Interactive Brokers to open a new online brokerage account with them.

Don't be scared off by brokers like Interactive Brokers charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Interactive Brokers, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Interactive Brokers Withdrawal Fees

The fees for withdrawing funds from your Interactive Brokers account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Interactive Brokers withdrawal request is important.

Interactive Brokers Withdrawal rules may vary across different brokers when it comes to transferring funds from your Interactive Brokers or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Interactive Brokers may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Interactive Brokers withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Interactive Brokers. Researching and comparing Interactive Brokers withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Interactive Brokers funds frequently or dealing with large sums of money. Awareness of these Interactive Brokers fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Interactive Brokers funds.

For example, Interactive Brokers allows you to withdraw your funds to Bank Transfer, American Express, Cheque or Check.

Interactive Brokers Inactivity Fees

Interactive Brokers does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Interactive Brokers terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Interactive Brokers fees and services. It's recommended that you check the Interactive Brokers website before signing up. If you decide to close your Interactive Brokers account, it's important to do so with the Interactive Brokers broker customer support and obtain confirmation that no remaining Interactive Brokers fees are due.

Brokers like Interactive Brokers must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Interactive Brokers Deposit Fees

Interactive Brokers does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Interactive Brokers Commission Fees

Interactive Brokers does charge commission on CFD instruments.

Brokerage firms like Interactive Brokers may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Interactive Brokers trading account level held by the trader.

Interactive Brokers may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Interactive Brokers terms and conditions to understand the commission fees and any other charges that may apply is essential.

Interactive Brokers review
What can you trade with Interactive Brokers?

It's essential to note that the trading instruments offered under the Interactive Brokers brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Interactive Brokers trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with Interactive Brokers over 100 instruments in fact.

If you want to trade currency pairs on global Forex markets, Interactive Brokers offer over 10 currency pairs.

Interactive Brokers Compared To Other Brokers

Compare Interactive Brokers with IC Markets and Roboforex below.

Losses can exceed deposits

How Interactive Brokers Trading Options Compare Against Other Brokers

Broker IB IC Markets Roboforex eToro
Instruments Available 100 2250 100 5000
Platforms Web Trader, NinjaTrader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 10 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes
Exotic Forex pairs Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit Interactive Brokers
Losses can exceed deposits
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
51% of retail investor accounts lose money when trading CFDs with this provider.

Interactive Brokers review
Trading on Interactive Brokers web platforms and other applications

Interactive Brokers provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

Interactive Brokers also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Interactive Brokers's platforms

Is the Interactive Brokers Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Interactive Brokers trading platform to protect you on PC and mobile Interactive Brokers platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Interactive Brokers web trading platforms.

Interactive Brokers Trading Platform Options

Interactive Brokers does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Interactive Brokers offers its custom trading platform developed and tested in-house. The Interactive Brokers trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The Interactive Brokers platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With Interactive Brokers, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Interactive Brokers platform, including news and quotes. Discover possible trades with the strong charting tools found with Interactive Brokers. Interactive Brokers is available as downloadable applications or online through the cloud. Monitor your orders with Interactive Brokers and receive breaking news in your positions.

Interactive Brokers Trading benefits

  • Interactive Brokers Allows scalping
  • Interactive Brokers Allows hedging
  • Interactive Brokers Offers STP
  • Interactive Brokers Offers Negative Balance Protection

Interactive Brokers Trading Accounts Offered

Below we give an overview of the account types that Interactive Brokers offer. Whatever you are looking to trade, the varying Interactive Brokers account types will be able to provide you with what you need.

  • Interactive Brokers Demo account
  • Interactive Brokers Mini account
  • Interactive Brokers Standard account
  • Interactive Brokers ECN account
  • Interactive Brokers STP account
  • Interactive Brokers Managed account

Can I try Interactive Brokers?

Interactive Brokers provides a demo account that enables individuals to explore trading before investing their funds. By creating a Interactive Brokers practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Interactive Brokers demo account can help individuals to make informed decisions before investing their money.

Open a demo Interactive Brokers account to practice and trade.

Losses can exceed deposits

Interactive Brokers withdrawal and funding methods

It's essential to remember that the payment methods provided by Interactive Brokers vary based on the Interactive Brokers entity and the Interactive Brokers client's country of residence. To view the Interactive Brokers payment options available, you can log into your Interactive Brokers member's area.

Interactive Brokers offers various funding payment methods listed in your Interactive Brokers dashboard if available in your region. To learn more about the Interactive Brokers funding and withdrawal options available in your area, you can explore the Interactive Brokers website.

Interactive Brokers provides several payment methods for funding your Interactive Brokers account. You may utilize any of these deposit options if they are available in your region. Interactive Brokers ensures that users have multiple payment methods to choose from, making it more convenient for verified Interactive Brokers account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Interactive Brokers user's location. learn more about Interactive Brokers funding and withdrawal methods.

Interactive Brokers Payment Methods

Some Interactive Brokers payment methods are local and are available only to specific regions. Interactive Brokers account holders should check which payment methods are provided in your region.
  • Interactive Brokers accepts Bank Transfer
  • Interactive Brokers accepts American Express
  • Interactive Brokers accepts Cheque or Check
Broker IB IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available Interactive Brokers and other broker payment methods depend on the clients country of residence.

How can I start trading with Interactive Brokers?

To open a trading account with Interactive Brokers, individuals can sign up on the Interactive Brokers website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Interactive Brokers account validation and making a deposit. Once completed, Interactive Brokers users can download the trading platform of their choice.

It's important to note that Interactive Brokers requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Interactive Brokers maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Interactive Brokers trading platforms is available on their website.

Losses can exceed deposits

Performing trades with Interactive Brokers

The Interactive Brokers trading platform, does not have fixed minimum and maximum trade requirements. These requirements vary based on the account type, the trader, and the specific traded instrument. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded. With the ECN and STP execution methods offered by the platform, traders using Interactive Brokers can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

One of the Interactive Brokers platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide Interactive Brokers traders with greater confidence and peace of mind when trading on the Interactive Brokers platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of Interactive Brokers trades.

Like other brokers, Interactive Brokers margin requirements can differ depending on the traded instrument.

Interactive Brokers offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about Interactive Brokers, and see all of the Interactive Brokers account features on the official Interactive Brokers website.

Limiting Your Risk When Trading with Interactive Brokers Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like Interactive Brokers. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a Interactive Brokers trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, Interactive Brokers trading losses are always limited to the current balance of funds in the trader's account.

Even if an Interactive Brokers trader experiences a significant loss, they will never owe more money than what is available in their Interactive Brokers account balance.

It's important for Interactive Brokers traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that Interactive Brokers losses are limited to the funds available in your Interactive Brokers account when negative balance protection is in place.

Limit Risk When Trading with Interactive Brokers Stop Loss, Interactive Brokers Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as Interactive Brokers . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for Interactive Brokers traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an Interactive Brokers trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide Interactive Brokers traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with Interactive Brokers, you must actively monitor your live trading portfolio and financial exposure on Interactive Brokers.

Education Resources at Interactive Brokers

To trade effectively with Interactive Brokers, it's important to have a good understanding of the Interactive Brokers trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Interactive Brokers and externally.

Interactive Brokers . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Interactive Brokers. Familiarizing yourself with the Interactive Brokers trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Interactive Brokers. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Interactive Brokers involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Interactive Brokers, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Interactive Brokers. Explore the Interactive Brokers platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Interactive Brokers, before live trading.

Customer Support at Interactive Brokers

As part of our Interactive Brokers review, we review customer service options, response times and problem resolution effectiveness on the Interactive Brokers trading platform. The Interactive Brokers trading platform supports multiple languages, which includes English, Francais, Deutsch, Espanol, Italiano, Ruskiyy, Mandarin, Cantonese, Nihongo.

Interactive Brokers Available Support Types

Interactive Brokers has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.

Interactive Brokers customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

Your customer service experience with Interactive Brokers has to be positive for you to effectively trade the financial markets on the Interactive Brokers platform. Interactive Brokers should answer all of your questions and your Interactive Brokers platform issues are solved. When an Interactive Brokers customer has any queries regarding Interactive Brokers, the Interactive Brokers customer support team should take these issues seriously and offer a quick and effective solution. Interactive Brokers has a great client support team, so we have rated their customer service highly.

Livechat Support at Interactive Brokers

We experienced fast and responsive support from Interactive Brokers

At Interactive Brokers, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from Interactive Brokers should be a positive support experience for all Interactive Brokers users, saving you from waiting days for an email response.

We also tested communicating with Interactive Brokers support in various languages and countries. The Interactive Brokers help centre quickly resolved our customer issues.

Email Support at Interactive Brokers

As part of our review process, we wanted to test the email support offered by Interactive Brokers. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows Interactive Brokers has excellent email support overall.

The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by Interactive Brokers. If you're looking for a broker with reliable email support, Interactive Brokers is worth considering.

Phone Support at Interactive Brokers

Our experience with Interactive Brokers phone support was positive. When we called, the team answered our call promptly, in less than a minute.

During the call, we tested the multilingual Interactive Brokers team by speaking in different languages, and they made an effort to answer our queries in each language.

The phone support team successfully resolved our questions and issues over the phone. Overall, we found the phone support from Interactive Brokers good.

See how Interactive Brokers Support Compares Against Other Brokers

Broker IB IC Markets Roboforex eToro
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Francais, Deutsch, Espanol, Italiano, Ruskiyy, Mandarin, Cantonese, Nihongo English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
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Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with Interactive Brokers

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

As a new client of Interactive Brokers, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Interactive Brokers in your region. During the Interactive Brokers account opening process, you will be asked to provide Interactive Brokers with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Interactive Brokers have the following documents available.

  • Interactive Brokers require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for Interactive Brokers compliance. This must be dated within the last six months.
  • If you plan to fund your Interactive Brokers account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Interactive Brokers platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Interactive Brokers Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Interactive Brokers's platform.

However, remember that you won't be able to make trades on Interactive Brokers until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Interactive Brokers KYC compliance process as soon as possible to avoid any delays in accessing the Interactive Brokers platform's features.

It is important to note that Interactive Brokers may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Interactive Brokers platform and features immediately. However, you must pass the verification process to start live trading with Interactive Brokers, which can take up to a few business days.

To start the process of opening an account with Interactive Brokers you can visit the Interactive Brokers trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from on June 17, 2024.

Is Interactive Brokers A Good Broker?

We have spent over 5 years examining Interactive Brokers in depth. Although we found some very useful aspects of the Interactive Brokers platform that would be useful to some traders. We feel that a alternative to Interactive Brokers may better suit you.

  • Interactive Brokers have a good track record of offering Forex.
  • Interactive Brokers has a history of over 47 years.
  • Interactive Brokers has a reasonable sized customer support of at least 10.
  • Interactive Brokers are regulated by the Financial Conduct Authority (FCA). Interactive Brokers is subject to strict regulatory oversight from its respective jurisdiction, which holds Interactive Brokers (the broker) accountable for misconduct. This regulatory framework helps ensure that Interactive Brokers operates fairly and transparently and provides Interactive Brokers customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Interactive Brokers.
  • Interactive Brokers have regulation from reputable regulators.
  • One of the advantages of using Interactive Brokers is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Interactive Brokers are particularly important as Interactive Brokers traders want to receive their money quickly. With the efficient Interactive Brokers payment processing system, traders can enjoy faster access to their Interactive Brokers funds.
  • Interactive Brokers have an international presence in multiple countries. Including local Interactive Brokers seminars and training.
  • Interactive Brokers can hire people from various locations in the world who can better communicate in your local language.

Interactive Brokers Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Interactive Brokers not quite right?

If after reading this Interactive Brokers review, Interactive Brokers does not fulfill your needs check out these Interactive Brokers Alternatives.

Click here to view the best Interactive Brokers Alternatives

We have spent years researching the best alternatives to Interactive Brokers. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective Interactive Brokers alternatives available today. If you are unsatisfied with Interactive Brokers or want to explore other options, we recommend checking out our carefully curated list of highly-rated Interactive Brokers alternatives. Follow the links below to learn more about these Interactive Brokers broker alternatives and choose the one that best suits your trading needs.

Related Interactive Brokers Vs Comparisons

Throughout our comprehensive Interactive Brokers review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Interactive Brokers against other popular brokers in the industry, check out our Interactive Brokers Vs pages. Our team has compiled a series of detailed Interactive Brokers comparison articles, pitting the Interactive Brokers platform against some of the best-rated Interactive Brokers competitors in the market. Dive into our informative Interactive Brokers Vs pages below to find out how Interactive Brokers stacks up against other leading brokers.

Interactive Brokers review
INTERACTIVE BROKERS Frequently Asked Questions

Read our detailed Interactive Brokers FAQ Section updated for 2024.

Can I try Interactive Brokers?

Interactive Brokers offer a demo account so you can try the Interactive Brokers platform with virtual trading before you put down a payment. Virtual trading with Interactive Brokers is zero risk. Learn more here

What funding methods do Interactive Brokers accept?

Please note that the list of payment methods below depends on the Interactive Brokers Entity and the client's Country of Residence.

Interactive Brokers offer the following funding payment methods Bank Transfer, American Express, Cheque or Check, among other payment methods.
Learn more here

Losses can exceed deposits

Is Interactive Brokers safe?

Interactive Brokers have over 10,000 users. Interactive Brokers are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to Interactive Brokers accounts by traders are held in a segregated bank account. For added security,Interactive Brokers use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Interactive Brokers is risky, and because the market is so volatile, losses could happen at any time. Do not invest with Interactive Brokers unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Losses can exceed deposits

Is Interactive Brokers trading good?

Interactive Brokers is considered good and reputable to trade with Interactive Brokers. Interactive Brokers is used by over 10,000 traders and Interactive Brokers users. Interactive Brokers offers Forex trading. Minimum deposit with Interactive Brokers is 10000.

Is Interactive Brokers trading Legit?

Interactive Brokers was founded in United States in 1977. Interactive Brokers has been facilitating trade on the financial markets for over 47 years. Interactive Brokers offers clients Forex trading. All funds deposited to Interactive Brokers are held in segregated bank accounts for security. Interactive Brokers is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is Interactive Brokers a good broker?

Interactive Brokers allows Forex trading. Interactive Brokers is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker.

Is Interactive Brokers trustworthy broker?

Interactive Brokers is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Interactive Brokers, money is in a segregated bank account that is separate from Interactive Brokers company's funds. As a regulated broker, Interactive Brokers cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Interactive Brokers. Instead, your Interactive Brokers funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Interactive Brokers. Also Interactive Brokers is regulated in its local jurisdictions including major financial regulators like Financial Conduct Authority (FCA).

What is the minimum deposit for Interactive Brokers?

The minimum deposit to trade with Interactive Brokers is 10000.

How long do Interactive Brokers withdrawals take?

Withdrawing money from Interactive Brokers processing time varies depending on the method but averages 1-5 days.

Is Interactive Brokers regulated?

Interactive Brokers is regulated by the Financial Conduct Authority (FCA). Regulatory bodies conduct regular reviews and audits as part of Interactive Brokers maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Interactive Brokers a market maker?

Interactive Brokers is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by Interactive Brokers even if no buyer or seller is lined up.

How can I start trading with Interactive Brokers?

When opening a trading account with Interactive Brokers, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Interactive Brokers trading platforms, you can follow the link provided below: Learn more about signing up with the Interactive Brokers trading platform here. This will provide useful information and insights into the various trading platforms offered by Interactive Brokers, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Interactive Brokers?

Yes your money is safe with Interactive Brokers.

Overall, strict financial regulation is essential for ensuring that trading platforms like Interactive Brokers operate fairly, transparently, and responsibly, which ultimately benefits all Interactive Brokers stakeholders involved.

Trading platforms like Interactive Brokers must have strict financial regulation for several reasons:

  • Protecting Interactive Brokers Investors: Strict financial regulation ensures that investors who use the Interactive Brokers trading platform are protected against fraudulent or unethical behavior by the Interactive Brokers platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Interactive Brokers platform.
  • Maintaining Interactive Brokers Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Interactive Brokers trading platform. Regulatory procedures reduce the likelihood of the Interactive Brokers platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Interactive Brokers Transparency: Regulations require trading platforms like Interactive Brokers to maintain detailed records and disclose Interactive Brokers client information. Financial regulatory requirements enhances transparency and helps to build trust between the Interactive Brokers platform and its investors.

Interactive Brokers is regulated by the Financial Conduct Authority (FCA). When selecting a broker such as Interactive Brokers, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Interactive Brokers ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Interactive Brokers.

Is Interactive Brokers a con?

Interactive Brokers is regulated and well established, having been in business for over 47 years. Interactive Brokers is not a con.

Can you make money with Interactive Brokers?

Although traders have had great success with Interactive Brokers, trading on the financial markets with Interactive Brokers is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Interactive Brokers have fees?

Interactive Brokers withdrawal fees vary on payment method.Interactive Brokers does charge a fee for inactive accounts. Interactive Brokers doesn't charge deposit fees.

When was Interactive Brokers founded?

Interactive Brokers was founded in 1977.

How many people use Interactive Brokers?

Interactive Brokers is used by over 10,000 registered Interactive Brokers users.

What is Interactive Brokers Headquarters country?

Interactive Brokers has its head quarters office in United States .

Does Interactive Brokers offer negative balance protection?

Interactive Brokers offers negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does Interactive Brokers offer guaranteed stop loss?

Interactive Brokers does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Interactive Brokers allow scalping?

Interactive Brokers offers scalping.

Does Interactive Brokers allow hedging?

Interactive Brokers offers hedging.

Does Interactive Brokers offer CFD trading?

Interactive Brokers does not offer CFD trading.

Does Interactive Brokers offer STP?

Interactive Brokers offers STP trading.

How many people use Interactive Brokers?

Interactive Brokers is used by over 10000 Interactive Brokers users and traders.

Is Interactive Brokers an ECN broker?

Interactive Brokers offers ECN trading.

Does Interactive Brokers offer a demo account?

Interactive Brokers offers a demo account.

Does Interactive Brokers offer an Islamic account?

Interactive Brokers does not offer Islamic accounts.

What are the funding methods for Interactive Brokers?

Please note that funding methods and options available with Interactive Brokers can be found in the Interactive Brokers Members area and depend on the Interactive Brokers clientโ€™s country of residence. Please check your specific available payment methods on the Interactive Brokers website. Interactive Brokers accept the following funding methods : Bank Transfer, American Express, Cheque or Check.

Interactive Brokers review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Interactive Brokers brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Interactive Brokers review written by Mark Hansen of