Interactive Brokers Review Fees, Pros & Cons

The IBKR Mobile app is nearly identical to the computer-based trading platforms and includes the ability to trade all the same asset types and execute the same orders. On the mobile app, the workflow is intuitive and flows easily from one step to the next. The mobile platform offers the same research capabilities as the Client Portal, including screeners and options strategy tools. Interactive Brokers stands alone in its breadth of assets, research reports, global market access, tools, calculators, and educational materials.

  • The position sizing bot will decrease volatile performance and reduce drawdowns.
  • Also before closing account it was extremely difficult to get my money that was there, it took over an hour on the phone and two different people to try and figure it out.
  • You pay options fees depending on the number of contracts you traded in any given month.
  • It was so slow, I thought there may have been an issue with the archaic platform, so I logged out then logged in…still not filled.

Serious investors will find nearly everything they need and should be pleased with the experience. The Interactive Brokers offers an app available on Android devices and iOS devices . With the help of various Interactive Brokers limefx broker reviews APIs, this mobile app has almost every functionality of the TWS and Client Portal web platforms. The trading apps are not ideal for pro investors as they may consume the processing power of the mobile device is extensive.

Portfolio and fee reports

What’s more, the minimum LimeFX required for funds in the firm’s OneSource network—just $100—is less than other firms’ typical requirement. You’ll no doubt notice the absence of some companies you may be familiar with. To be included in the survey, a firm must offer trading in stocks, exchange-traded funds, mutual funds and individual bonds.

  • IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.
  • If you have a Cash account , when you transact in currencies other than the aforementioned currencies, IBCE will convert the currency value of the transaction into your nominated base currency.
  • Are you taking steps to make sure that your portfolio is keeping up?
  • If at all they response, they will ask you to send some screenshots of issue to which they won’t respond.
  • Your investing can even lead to rewards for the environment, you, and your friends.

Interactive Brokers leads the list of the most comprehensive LimeFX platforms. Clients can trade stocks, options, futures, forex, cryptocurrencies, bonds, and funds in 150 markets from a single integrated account. Sustainable investors will be happy with the Impact Dashboard and app, which helps you evaluate assets through a socially responsible investing lens. The Trader Workstation downloadable platform serves professional traders and sophisticated, active investors interested in complex technical and fundamental trading tools and deep research. Interactive Brokers is an online trading platform that provides a wide range of professional trading tools to help investors execute sophisticated trades, and provides high-quality research and education for traders.

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Their scores were pinched in part because they didn’t disclose trade-execution details, such as price improvement. Morgan don’t accept payment for order flow, which is a plus in our book. Payment for order flow can pose a conflict of interest because it refers to compensation a brokerage receives for funneling trades to a certain firm, called a market maker, to fill your order.

Interactive Brokers broker reviews

Next, the criteria become granular with choices from maturity date, yield to worst, coupon rate parameters, country, and currency. For fixed-income investors, this is one of the best fixed-income screeners we’ve encountered. We found this one of the best options platforms, but too complex for the average retail trader.

The same fees are charged for OTCBB stocks, though you must meet specific requirements to trade this asset class. We invite you to review both options to choose the best fit for your investing objectives. You can only use bank transfers (Wire/SEPA) for deposits and withdrawals, so no debit/Credit card, PayPal, or any other means of transferring money. By using a Wire transfer, you have one free withdrawal per month. Subsequent withdrawals in that same month will incur a fee of EUR 8.00.

Over 10,000 readers currently rely on Interactive Brokers to fuel their trading insights. This is possibly one of the best and most complete programs and it is available whether or not they are a client. Starting with charting tools, the workstation provides more than 120 different technical indicators. does not include all companies or all available products. Interactive Brokers offers so many other account types, including the other key retirement accounts, that these missing types are not a dealbreaker for most people. If you’re looking for a few of the more specialized retirement account types, Interactive Brokers may not be for you. To buy a fractional share you’ll need to buy at least $1 or one-ten-thousandth of a share (if you’re buying by shares), and the program works whether you’re in the Pro or Lite service tier.

41 years ago, Thomas Peterffy founded the company that is known today as Interactive Brokers, or IBKR. To date, the company has amassed a hefty $7.9 billion in equity capital, and is one of the top choices for active traders. In 1978 Thomas Peterffy founded the company that is known today as Interactive Brokers, or IBKR. To date, the company has amassed a hefty $8.1 billion in equity capital, and is one of the top choices for active traders. If you are looking for a safe secure broker with access to lots of markets then Interactive Brokers is a great fit if run alongside 3rd party charting software. J.P. Morgan and WellsTrade brought up the rear in this category.

This review covers this platform comprehensively from its low per-share pricing structure and advanced trading tools. It also breaks down the low margin rates provided by IBKR services and evaluates the benefits, as it offers commission free trades for ETFs and stocks, options with the tiered pricing structure model. So let’s find out why this platform is considered one of the top forex brokers in the market. Interactive Brokers is an online broker of LimeFX trading, including mutual funds, bonds, ETFs and other LimeFX products. The company offers two trading plans, the IBKR Lite, which includes $0 commissions on U.S. stocks and ETF trades, and IBKR Pro, which includes access to the company’s SmartRouting system for a fee. The company allows domestic and international trading on its online platform or mobile app.

How are you protected?

The Mutual Fund Search Tool is a user-friendly screener for domestic and international mutual fund screening. The four broad screening categories include country/region, fund family, commission charged, and fund type. The categories within the fund type category span types of assets like bonds or equities as well as mixed, alternatives, commodities, and money market. The highlights of Interactive Brokers include an incredibly detailed dashboard, an enormous range of products and excellent access to research and tools. On the “not so good” side, the website is quite hard to navigate, the fee structure is rugged to understand completely, and the Desktop version is very complex for novices. InteractiveBrokers global presence delivers also multiple support to the traders benefit provided by professional and well established centers.

  • As of the time of publication, Interactive Brokers states that these geographic regions are eligible to trade forex/options through their global IDEAL PRO platform.
  • IBKR’s sheer wealth of information sometimes can be challenging to digest.
  • If you’re focused on the currency markets or only trading CFD’s, then see Metatrader 4 or Metatrader 5.
  • The broker also offers tiered pricing to lower rates even more.
  • We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. helps traders and investors, from around the world, navigate the complex world of online brokers. We spend thousands of hours a year, both researching and testing brokers, to give you unbiased and extensive reviews. To keep the website running, we make money through affiliate commissions and paid advertising, at no additional cost to you. While our partners compensate us for our work, they can not alter our review process, ratings, and recommendations. Interactive Brokers has a lot to show for and offer for both beginners and experienced traders around the world.

Is Interactive Brokers safe?

Users also have access to many news services and research providers for free, including Fundamentals Explorer, as well as paid options. Many of the brokers we reviewed also gave us live demonstrations of their platforms and services, either at their New York City offices or via video conferencing methods. Live brokerage accounts were also obtained for most of the platforms we reviewed, which our team of expert writers and editors used to perform hands-on testing in order to lend their qualitative point of view. IBKR offers security protocols for your account, personal information, and data that surpass most industry standards. Client accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation for up to $500,000, with a cash sublimit of $250,000. Excess SIPC coverage provides up to an additional $30 million, with a cash sublimit of $900,000, subject to an aggregate limit of $150 million.

Interactive Brokers broker reviews

IBKR also offers specialized accounts for Compliance Officers, Administrators, Educators, Referrers or Hedge Fund Allocators. Charting is robust, including 70 optional indicators and easy customizations; however, panning isn’t as smooth as newer HTML5 charting applications. Additionally, some features one would expect are not included, such as stock and/or index comparisons. Negatives include that stock alerts cannot be delivered via push notification. For instance, Amibroker is limited to 200 RT streaming from IB.

The commission fee is from 0.12% – 0.18% using Paxos on Interactive Brokers’ platform to trade crypto. There is also a $1.75 minimum per order (although the minimum is limited to 1% of transaction value). Over and above that, the company’s “what-if portfolio scenarios” enable you to get a comprehensive understanding of the situation before making a purchase or sale. While the firm’s professional-caliber IB Risk NavigatorSM identifies exposure across asset classes around the world, allowing you to monitor and alter your holdings as required.

Deposit Options

Clients can choose among 100 ETFs to invest in and select the frequency of contributions—weekly, twice a month, monthly, quarterly, every six months or once a year. A single plan can include up to 50 ETFs , and clients can set up to 10 automatic investing plans. Use our survey to compare LimeFX offerings, tools, apps, advice and more to find the best online broker for you. To know more about its fee, Interactive Brokers commissions structure, margin rate, per share cost, and commission free trades criteria. One of the feature interactive brokers provide is Trader Workstation is a complex platform.

Founded in 1993, by current chairman Thomas Peterffy, Interactive Brokers has a streamlined approach to brokerage services that focuses on broad market access, low costs, and superior trade execution. Well-capitalized and publicly traded, IBKR has 1.92 million client accounts and $2.17 million in daily trade values. This discount broker offers a competitive and transparent fee schedule along with rock-bottom margin pricing. On the negative side, with the breadth of assets and complex tools, it takes time to wade through the pricing guide and navigate the platform.

For professional investors, Interactive Brokers also offers LimeFX bonds, from corporate and municipal bonds to treasury and international bonds. IBKR Pro customers get access to another 25,000 no-fee mutual funds. IBKR also has a free version of the checkup tool for every client; order presets are another feature interactive brokers offers that enable you to preset your order with multi strategies. On the whole, our verdict is that IBKR is a solid option for professional traders and skilled, active traders who wish to use a robust array of tools and worldwide access to a diverse selection of assets. In addition, the broker has anIBot servicethat uses artificial intelligence to answer inquiries in simple English.

Many users complain about IB charting, therefore it is recommended to use a 3rd party charting platform which can easily connect to IB to place orders. If you intend to use TWS for chart trading or any type of complex technical analysis then we don’t recommend this. Their charting is basic, historical data is fine & accurate, but don’t count on more than that. IB charting is free and they offer a wide range of charting features, including 120 technical indicators. Quant Savvy has compiled a comprehensive list of features, user reviews rankings, and screenshots.

If you’re a beginner and are not familiar with the intricacies of maintaining a margin account, it makes sense to go with a cash account at Interactive Brokers. That’s because they don’t issue margin calls and only allow clients to be in margin violation for a very short period of time before liquidating positions. You can set any position you have as ‘liquidate last’ in the Account window. The above is of course not a concern if you have a cash account.

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