HFM information and reviews
Octa information and reviews
FXCC information and reviews
FxPro information and reviews
FXCM information and reviews
Vantage information and reviews

Interactive Brokers Review and Information 2023

Interactive Brokers Information and Review Interactive Brokers
Voting Rating Interactive Brokers does not participate in the Forex Rating
Submit Forex Broker
Reviews Rating
Regulation FSA, IIROC, CFTC, SEC
Trading software Trader Workstation, WebTrader, IB API, FIX CTCI
Headquartered One Pickwick Plaza, Greenwich, CT 06830 USA

As 2023 dawned, Interactive Brokers proudly marked its 46th anniversary in the broker/dealer landscape. Born from a vision to revolutionize the financial industry, today, the firm stands tall with a consolidated equity capital exceeding $12.7 billion. Our guiding principle remains steadfast: To harness cutting-edge technology, ensuring liquidity under superior conditions. Our prowess is defined by our competitive edge in pricing, swiftness in execution, expansive offering of global products, and a suite of avant-garde trading tools. Earning an investment grade rating by Standard & Poor's only reinforces our commitment to excellence and financial integrity.

From Humble Beginnings to a Financial Behemoth The seeds of Interactive Brokers Group, Inc. were sown by its visionary founder and Chairman, Thomas Peterffy. Almost half a century later, the firm stands as a testament to his foresight, with a robust equity capital reservoir of over $12.7 billion.

Interactive Brokers has etched its presence across over 150 global market destinations. Within its broker/dealer domain, IBKR revolutionizes trading by offering direct access to a plethora of electronically traded assets – ranging from stocks, options, futures, and bonds to gold, cryptocurrencies, and a diverse range of funds. The sheer volume speaks for itself, with the firm and its associates facilitating around 1,865,000 trades daily. In a noteworthy event of May 2023, Thomas Peterffy graced the SIFMA meeting as the keynote speaker, commemorating half a century of listed options trading. His poignant speech traces his personal journey through the ebbs and flows of listed options trading, culminating in the genesis of Timber Hill and Interactive Brokers. [Read the Full Speech Here]

A Global Legacy with a Local Touch With its roots in Greenwich, Connecticut, Interactive Brokers now spans the globe, boasting a talented team of over 2,900 professionals stationed in various corners of the world, from the United States, Canada, the UK, Ireland, Switzerland, and Hungary, to India, China (including Hong Kong and Shanghai), Japan, Singapore, and Australia. Upholding its commitment to ethical practices and transparency, IBKR is stringently regulated by prestigious bodies like the SEC, FINRA, NYSE, FCA, and numerous other global regulatory institutions.

The Fortitude and Resilience of Interactive Brokers: A Deeper Look

When charting a course through the financial seas, the choice of your brokerage partner is paramount. Interactive Brokers LLC has consistently demonstrated its mettle and resilience even amidst turbulent market conditions. To foster transparency, all our financial statements are available on our website for thorough scrutiny.

Under the corporate umbrella of IBG LLC, Interactive Brokers LLC stands tall, with our founder and chairman, Thomas Peterffy, always at the helm. In a candid recent conversation, Mr. Peterffy unveiled insights into the prevailing financial winds, addressing the swell in interest rates and how they interplay with Interactive Brokers' operations. He also elaborated on our offered interest rates on accessible cash balances, providing tailored strategies for clients to navigate today's financial landscape.

The Pillars of Interactive Brokers' Financial Robustness

Protocols Upholding Client Security

Our approach to client money is emblematic of our dedication to security. Primarily invested in U.S. Treasury securities, these funds are channeled through central counterparty clearinghouses or directly into U.S. Treasury entities, all underwritten by guaranteed third parties. Moreover, these collaterals are custodially held by IBKR at designated banks for the exclusive benefit of our clients.

Diversification is key to our strategy. Client funds are dispersed predominantly among leading U.S. banks in reserve accounts. By distributing across several esteemed banks, we mitigate the risks of concentration. As of April 2023, stalwarts like Bank of the West and BMO Harris Bank, N.A., are among the banks entrusted with IBKR deposits.

Weekly detailed reconciliations, as mandated by the SEC, ensure a clear demarcation between broker-dealer and client funds. In our relentless pursuit of client asset protection, we've secured FINRA's nod to compute and report reserves daily, a practice we've upheld since December 2011.

Why Interactive Brokers Remains a Top Contender in Online Trading

Interactive Brokers, with its storied history and expansive offerings, remains a beacon for global traders. Here's an in-depth look into what keeps IB at the vanguard:

Interactive Brokers seamlessly melds tradition with innovation, offering a trading experience par excellence. Catering to all – from novices to experts – it remains a platform of choice. However, it's imperative to analyze its offerings against individual trading aspirations and requirements.

Interactive Brokers: Setting the Standard for Global Trading

Unparalleled Margin Fees Recognized by StockBrokers.com for boasting the industry's lowest margin fees, Interactive Brokers (IBKR) offers competitive margin loan rates ranging between USD 5.83% to USD 6.83%. This is accompanied by professional pricing structures that are both accessible and transparent.

Professional Pricing Paradigm With commissions starting at an impressive $0, IBKR redefines the concept of value. The platform eliminates hidden costs, including spreads, ticket charges, and miscellaneous platform fees. What's more, there's no stipulation of account minimums. High-interest rates of up to USD 4.83% are also provided on readily accessible cash, allowing users to optimize their financial efficiency. And for those seeking an additional income stream, IBKR facilitates earning through your lendable shares.

IBKR BestXTM: Advanced Trading, Refined This feature-packed suite is the embodiment of trading evolution. IBKR BestXTM is tailored to facilitate best execution practices, ensuring that clients can seamlessly navigate market fluctuations to realize maximum price improvement with minimal market disruptions.

Discover the Global Trading Landscape IBKR's expansive reach allows clients to dabble in a diversified range of instruments, be it stocks, options, futures, currencies, bonds, or funds, all under one holistic platform. Further bolstering this global appeal, clients can fund their accounts in myriad currencies and venture into assets in multiple denominations. With round-the-clock access to market data, spanning six days a week, you're always in the pulse of global financial currents.

Technological Prowess with Premier Platforms

IBKR takes pride in its award-winning platforms tailored for every investor's unique journey:

Institutional Integrity

The IBKR Assurance Entrusting your capital with a broker is a decision of magnitude. IBKR, with its fortified capital position, prudent balance sheet, and automated safeguards, promises protection against adverse trading scenarios. By the numbers:

Choosing Your Ideal IBKR Account

Whether you're an individual, an institution, or somewhere in between, IBKR offers an array of account types tailored for every financial aspiration:

At Interactive Brokers, we're more than just a brokerage; we're your partners in navigating the complex world of finance.

IBKR: Your Premier Portal to the Global Financial Arena

Unparalleled Access to World Markets With a clientele spanning over 200 countries and territories, IBKR stands as a beacon for global trading. This vast network enables trading in diverse instruments – from stocks, options, and futures to currencies, bonds, funds, and even emerging segments like crypto. With 150 global markets at your fingertips, you experience true trading universality, all from a singular, cohesive platform.

Discover the Expanse of Global Markets Empower your global trading endeavors by funding your account in any of 27 currencies. By doing so, you not only diversify your portfolio but also stand at the cusp of real-time global financial movements.

IBKR GlobalAnalyst

Your Personal Financial Scout Sift through global markets effortlessly and identify undervalued stock gems with the innovative IBKR GlobalAnalyst tool. Make data-driven decisions and amplify your investment prowess.

Competitive Professional Pricing Experience financial flexibility like never before:

Augment Earnings with Lendable Shares Tap into an additional revenue stream by harnessing the potential of your lendable shares.

Deciphering the Perfect Plan: IBKR Lite vs. IBKR Pro

Technology that Empowers: Experience Trading Excellence

At IBKR, we don't just offer you a platform; we offer an ecosystem where global financial ambitions are realized.

The Ultimate Trading Command Center: TRADER WORKSTATION (TWS)

Revolutionizing Speed and Efficiency in Trading Step into the world of TWS, our pioneering platform curated specifically for the zealous traders and insightful investors. The Interface that Leads Designed by the maestros of market making, TWS allows a myriad of users, from individual traders and investors to vast institutions, to navigate and trade a plethora of instruments. Whether it's stocks, options, futures, or the emerging crypto segments, dive into over 150 global markets—all from this single, harmonized platform.

TWS Mosaic

Your Personalized Trading Canvas Unveiling Mosaic: a canvas that effortlessly blends essential trading tools into one space. Enjoy:

Classic TWS

The Eternal Favorite Classic TWS retains the traditional charm, offering rapid order entries directly from bid and ask prices. For those yearning for advanced tools and algorithms, Classic TWS remains your steadfast companion.

Research, News, and Market Data With TWS, knowledge is always at your fingertips:

Monitoring and Management in Real-Time

The real-time monitoring framework within TWS ensures you're always aware of your account's stance. This crucial feature offers:

IBKR's Diverse Order Palette

Access an extensive range of over 100 order types and algorithms, designed to simplify your trading process, from risk mitigation to speedy executions.

IBKR Trading Platforms: Elevate Your Trading Experience

Embark on Your IBKR Journey Delve into the world of IBKR's prestigious platforms, where we offer an array of features tailored for both the veteran trader and the budding enthusiast. Let's discover the platform that resonates with your trading persona.

Diverse Platforms Tailored For Unique Needs

Navigating the Ideal Platform for You Our platforms are designed to complement every trader's unique style and expertise. Explore how our diverse client base harnesses these platforms to fulfill their trading aspirations.

For the Advanced Trader: Maximize your trading momentum with the IBKR Trader Workstation. From stocks and bonds to futures and currencies, explore 150+ markets globally, all from a single cohesive platform. Seamlessly integrate a plethora of tools to bring your trading strategy to fruition.

For the Aspiring Trader: Step into the world of trading with IBKR GlobalTrader. Access over 90 global stock markets with ease and embark on your trading journey. No matter the size of your investment, every trade is valuable. Make the most of every dollar.

Decoding the Ideal Platform

Dive deep into our platforms through our comprehensive video guide and learn about the functionalities of Trader Workstation (TWS), IBKR Mobile, Client Portal, and the powerful TWS API. IBKR Platforms: Awarded for excellence, yet designed for all. Whether you're a seasoned trader or just starting out, our platforms are here to elevate your trading experience.

Interactive Brokers Trading Information 2023

WWW http://www.interactivebrokers.com/
Address One Pickwick Plaza, Greenwich, CT 06830 USA
Headquarters One Pickwick Plaza, Greenwich, CT 06830 USA
Free phone 00800-42-276537
24 hour support
Partnership programs
Expert advisors
Free education
Bonuses, Promotions
1st deposit bonus
Trading by phone
Mobile trading
Copy trading
Automated trading
Daily analysis
Demo account
24/5 trading
Accepts US traders
Digits after the dot in quotes 5
Minimum position size 1
Spread Type 1.2-8
Pip spread on majors 1-3
Maximum Leverage 40:1
STP, $
ECN, $
Standard account, $ 5000
Mini account, $ 2000
Popular payment methods Credit Cards, Wire Transfer, WebMoney
Account currencies USD, EUR, JPY, GBP
Available assets stocks, indices, shares, metals, futures, oil
Languages English, Russian
Platforms Trader Workstation, WebTrader, IB API, FIX CTCI
Broker type Broker
Regulation FSA, IIROC, CFTC, SEC
Foundation 1977

Interactive Brokers Reviews and Comments

Interactive Brokers, heralded by many as a promising investment gateway, caught my attention with its plethora of tools and features. When I first dived in, I was required to part with a sizeable minimum deposit of around $2,000. Naturally, with such an investment, I came in with high expectations: anticipating impeccable service, a flawless trading terminal, and terms fit for a king. However, my experience was a cocktail of satisfaction and disappointments. For instance, certain stocks seemed inaccessible, the account structures were somewhat puzzling, and what truly baffled me was the absence of PAMM accounts. For a company pitching itself primarily for investments, this felt like a glaring omission. Yet, it wasn't all stormy seas. There were moments of calm too. The investment portfolio, for instance, proved to be a silver lining. Over a span of a couple of years, it allowed me to amass a decent return. While I did face a protracted withdrawal process that took months, the endgame was positive: I received my earnings. Having since transitioned to another broker, my take on Interactive Brokers is that while it's okay for a platform to lack certain tools, it should never compromise on delivering stellar service and conducive trading conditions. A platform is only as good as the experience it provides, after all.
  11 Oct 2023  
Interactive Brokers, while renowned in many circles, can be quite a challenging terrain for those just dipping their toes into the trading world. I ventured into opening an account with them, buoyed by the news that deposit restrictions had been lifted. However, be warned: the easing of restrictions doesn't necessarily translate to reduced minimum deposits. In my journey with them, I often felt that the company was quick to point fingers at clients, insinuating errors or supposed violations on our part. One can't help but notice the broker's evident inclination towards the US and Canadian markets, often sidelining their European clientele. The chatter among the trading community also revealed some pervasive issues. A recurring grievance pertains to the verification process. I can personally attest to the frustrations of being asked to submit documents more than once. While this might seem tedious and redundant, if faced with this situation, it's pragmatic to comply. It's better to jump through a few bureaucratic hoops than to risk your capital. In conclusion, my two cents for budding investors and especially newcomers: Interactive Brokers might not be the most nurturing ground to start your trading journey. It might serve you better to align with a broker that is not only more attuned to your needs but also more congenial in their business interactions.
  7 Sep 2023  
The world of trading is as vast as it is varied, and the conversations surrounding Interactive Brokers exemplify this diversity. With a trading history spanning seven years, I found myself curious to explore this brokerage house, often touted as one of the big players in the game. First and foremost, let's establish the nature of Interactive Brokers. It's a platform primarily tailored for those who harbor a genuine intrigue for diving deep into the nuances of a multitude of assets. If you're searching for a one-size-fits-all approach to contracts and trading, this might not be your haven. However, where it shines is in its sheer expanse of market access - with opportunities spread across over a hundred global markets. For an inquisitive trader like myself, this feature alone holds immense value. One aspect that sets Interactive Brokers apart is the sheer volume of information and resources it offers its clientele. It's a treasure trove for those willing to navigate its depths. For anyone with an account here, I can't stress enough the advantages of leveraging these resources to their fullest potential. However, a word to the wise for those seeking a more streamlined investment journey: there are other brokerage platforms out there that offer PAMM accounts or copy trading services. Such platforms can provide a more simplified and hands-off approach to trading. In summary, my experience with Interactive Brokers has been largely positive, albeit with a steep learning curve. But as with all things in trading, your mileage might vary based on your goals and investment style.
  19 Aug 2023  
I would like to draw your attention to the fact that Interactive Brokers is officially working. This is not one of the thousands of scammers who swindle novice traders every day. The company is regulated by the FSA, IIROC, CFTC, SEC, and its license number is not a secret to anyone. I think that after that you will definitely be convinced that Interactive Brokers are not fraudsters, but provide real access to world markets. My feedback is positive. I have been dealing with this company for a year and a half. made more than ten withdrawals, I withdraw funds almost every month. Did I have any problems? - Yes. Have these issues been resolved? - Yes.
  15 Jun 2023  
Collaborate with a Reliable Forex Broker

HF Affiliates is one of the leading Partnership Programs in the industry featuring competitive commissions, marketing tools and exceptional support. With the best commission structure and tailor-made products, we can help you achieve your expectations with high revenue share, multi-tier affiliate tracking system, no set-up fees to join and an auto-rebate system.

I read reviews here and also decided to write a review about Interactive Brokers. now all brokers offer tight spreads, but here they really are. The real spreads of this broker are about 1.5 pip for EUR/USD (10-15 pips if five-digit). I am not one of those who believe that these are high spreads, it is more important for me that in a calm market they do not give 5-6 points, and even more, in my understanding this is already too much. On the news, of course, more, this is clearly not a scam, but the realities of trading. Another thing that says a lot to me is that there are both positive and negative slippages, and not just negative ones. Not every broker can boast of this.
  10 May 2023  
The best experience I have ever had. In my opinion, the bigger company, the more services with fewer commissions you get. The same I would say about IB. The biggest aggregator of all kinds of brokerage services. Everything is great except minimum balance for trading. You have to deposit minimum $5K to start trading. Believe me, you can find something better in terms of one service from another broker, but you won’t find better as a complex of all available services for trading and investment in one place. Interactive broker is for those who want access to most trading instruments and exchanges. I never had something like widen spreads or slippages. API for external platform is working perfectly. I have stable execution whether I use my own platform or trade manually through their platform.
  25 Jul 2016  
And up from me !
  16 Mar 2007  
I used them for a couple of years, never had any problems. Thumbs up from me.
  23 Feb 2007  
Bad customer service, nothing but sarcasm and bullshit.
Took five days to process my funds withdrawl.
NFA and CFTC complaints pending.

  15 Feb 2007  
very good
  15 Jan 2007  
All Interactive Brokers Reviews

Related Forex Brokers

# Forex Broker Reviews Status For Against Type Regulation Leverage Account
1HFM Detailed information and reviewsHFMReviewsRecommended964BrokerCySEC, FCA, DFSA, FSCA, FSA, CMA2000$0
2Octa Detailed information and reviewsOctaReviews946BrokerSVG500$50
3FXCC Detailed information and reviewsFXCCReviewsRecommended928ECN, STPCySEC, SVG500$1
4FxPro Detailed information and reviewsFxProReviewsRecommended8911Broker, NDDCySEC, FCA, FSCA, SCB500$100
5FXCM Detailed information and reviewsFXCMReviewsRecommended8713BrokerFCA, ASIC, SFC, CONSOB, BaFin, ACP30$300
6Vantage Detailed information and reviewsVantageReviews8515BrokerVFSC, ASIC, FCA, FSCA1000$200
7MultiBank Group Detailed information and reviewsMultiBank GroupReviews8416ECNSCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC500$1000
8FP Markets Detailed information and reviewsFP MarketsReviews8317ECN, STP, DMAASIC, CySEC, FSCA, CMA500$100
9XM Detailed information and reviewsXMReviewsRecommended8218BrokerASIC, CySEC, FSC, DFSA1000$5
10Just2Trade Detailed information and reviewsJust2TradeReviews8020BrokerCySEC, NFA, FINRA, SIPC500$100
11AMarkets Detailed information and reviewsAMarketsReviewsRecommended7822BrokerMISA, FSA, FSC, The Financial Commission3000$100
12IronFX Detailed information and reviewsIronFXReviews7723MM, ECN, STPFCA, FSCA, CySEC30$100
13T4Trade Detailed information and reviewsT4TradeReviews7624ECN, STP, MMSeychelles FSA1000$50
14Exness Detailed information and reviewsExnessReviews7624MM, NDDFSA, CySEC , FCA , FSCA , CBCS ,FSC, FSC (Mauritius), CMA2000$1
15ModMount Detailed information and reviewsModMountReviews7525BrokerFSA400$250
16PowerStox Detailed information and reviewsPowerStoxReviews7525MMn/a400$2500
17FXNovus Detailed information and reviewsFXNovusReviews7525BrokerFSCA400$250
18BlackBull Detailed information and reviewsBlackBullReviewsRecommended7525ECN, STPFSA, FMA500$1
19Nixse Detailed information and reviewsNixseReviews7525ECNn/a400$15000
20Efixxen Detailed information and reviewsEfixxenReviewsNew7426MMn/a400$5000
MultiBank Group information and reviews
MultiBank Group
FP Markets information and reviews
FP Markets
XM information and reviews
Just2Trade information and reviews
AMarkets information and reviews
IronFX information and reviews

© 2006-2023 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.