Interactive Brokers Review 2024
Reviewed by
Oliver Townsend
 |
Visit Interactive Brokers |
| Overall Rating |
  |
| Commissions Rating |
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| Education Rating |
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| Service Rating |
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| Founded |
1977 |
| Regulation |
FSA, IIROC, CFTC, SEC |
| Standard account |
$5000 |
| Leverage |
1:500 |
| Spread |
1-3 |
Interactive Brokers General Information
Interactive Brokers, abbreviated as IBKR, stands tall in the annals of stock brokerage. Its roots trace back to 1993 when it evolved from Interactive Brokers Inc., which procured a broker-dealer license, offering its U.S. clientele a gateway to international markets. This venture was facilitated by Timber Hill, the foundational market-making firm formed in 1982 by the visionary, Thomas Peterffy. With time, IBKR has transformed into a premier online hub for not just stock trading, but an array of financial instruments such as forex, indices, mutual funds, options, futures, and bonds, to name a few. Presently, they unlock access to 135 global markets spanning 33 countries, incorporating 23 diverse currencies, from the classic US Dollar (USD) to the more regional Israeli Shekel (ILS).
From a regional standpoint:
- The Americas: Their platform supports trading stocks and ETFs via the NYSE Arca, the Toronto Stock Exchange, and the Mexican Stock Exchange.
- Europe: Here, clients can trade on esteemed platforms like the London Stock Exchange, BATS Europe, Euronext, and CHI-X Europe.
- Asia Pacific: The region is accessible through significant players like the Australian Stock Exchange (ASX), the Hong Kong Stock Exchange (SEHK), the Tokyo Stock Exchange, the National Stock Exchange of India (NSE), and the Singapore Exchange.
This is just a glimpse; in reality, IBKR provides a staggering 80+ market centers for trading. To cater to diverse clients, they offer two bespoke account types: IBKR Lite and IBKR Pro. The former is tailored for retail stock traders, including independent traders and financial consultants managing various accounts. However, a prerequisite for consultants is a predominantly U.S. client base.
Commission Structure
With IBKR Lite, U.S. exchange-listed stocks and ETFs come commission-free. International markets operate on a fixed pricing structure, which aggregates IB commission, regulatory, and transactional fees. Charges range from $0.005 to $0.008 per share, contingent on the market, with caps on maximum charges.
IBKR Lite users enjoy zero account minimums and no inactivity charges. On the contrary, IBKR Pro users get a commission range from $0.0005 to $0.0035 but with enhanced features. This includes access to the innovative IB SmartRouting system that can fetch a price improvement of nearly $0.47 per share.
Trading Platforms and Features
IBKR boasts four stellar platforms: Client Portal, Trader Workstation, IBKR Mobile, and IBKR APIs. Each is augmented with advanced features like advanced market scanners, streaming news services, and tailored alerts. For advanced traders, there's the allure of fractional trading, enabling the purchase of high-value shares in fractional amounts.
Pros:
- Competitive commissions and fee structures.
- Versatile and feature-rich trading platforms.
- Broad investment opportunities beyond stocks.
- Stellar trade execution and margin rates.
- Comprehensive educational resources catering to all trader levels.
- A risk-free trial period for users.
Cons:
- Complexity in trading platforms might daunt beginners.
- Tiered pricing could be perplexing for novices.
- Lack of backtesting facilities.
- Exclusive features for IBKR Pro might sideline IBKR Lite users.
When selecting an investment broker, it's paramount to verify the broker's financial stability, especially across fluctuating market conditions. Interactive Brokers LLC transparently shares its financial statements on our website for discerning investors. It's crucial to highlight that Interactive Brokers LLC and its subsidiaries operate under the umbrella of IBG LLC. In a recent engagement, Thomas Peterffy, our esteemed Founder and Chairman, provided insights into the current financial landscape, exploring dynamics like rising interest rates and their implications for Interactive Brokers. He also delved into the interest rates that Interactive Brokers extends on readily accessible cash balances, offering guidance for clients navigating this financial epoch.
Key Insights into Interactive Brokers Group's Solidity and Assurance
- Unlike traditional banks, Interactive Brokers operates as a regulated securities broker dealer. Consequently, we don't engage in handling securities labeled as HTM (Held To Maturity) - which bypass market-based evaluations on banking ledgers. Additionally, we aren't in the business of granting unsecured, long-term loans.
- Our financial extensions are primarily margin loans, underpinned entirely by liquid securities.
- We employ a cutting-edge margin system, ensuring client positions align real-time with market fluctuations. Each trade undergoes rigorous credit vetting before approval, swiftly rectifying any underfunded accounts.
- We conduct daily assessments of every position against current market valuations, automating reconciliations using external datasets.
- Our platform's funds are wisely invested in short-term opportunities that mature within a handful of months, steering clear of complex involvements in OTC securities or derivatives.
- IBG LLC boasts a robust financial stance, with over $12.2 billion in equity capital, comfortably exceeding regulatory prerequisites by a staggering $9.0 billion.
- The primary shareholders of IBG LLC comprise our public entity, Interactive Brokers Group, Inc. (24.5%), and the collective of our employees and their affiliates (75.5%). This sizable stake by the internal team symbolizes a harmonious alignment of risks and rewards. For the fiscal year 2022, IBG LLC registered a pretax gain of $2.0 billion. Impressively, IBG LLC has zero long-term obligations. Interactive Brokers LLC proudly carries an "A- Outlook Stable" designation from Standard & Poor's. In our commitment to transparency, we submit monthly financial statements, encompassing all securities' P&L evaluations, to oversight bodies.
Protocols Safeguarding Client Securities
- We prioritize channeling client funds mainly into U.S. Treasury assets. Investments span across multiple U.S. Treasury components and are solidified with insured third parties via central counterparty clearinghouses. We retain the collateral at a specialized custody bank, exclusively for our clients' advantage.
- Furthermore, client funds are predominantly dispersed among premier U.S. banks in specialized reserve accounts, safeguarding IBKR clients' interests. To minimize exposure risks, we distribute deposits among a plethora of esteemed banks. As of April 2023, key banks stewarding IBKR funds include stalwarts like Bank of the West and BMO Harris Bank, N.A., among others.
- In line with SEC directives, we execute meticulous weekly reconciliations of both client finances and securities, ensuring a clear demarcation between broker-dealer and client reserves. To fortify asset security, we secured FINRA's nod to report and compute financial reserves daily—a protocol we pioneered in December 2011, underscoring our unwavering dedication to superior client protection. All assets owned by clients are safely housed in designated accounts at recognized depositories and custodians, exclusively serving the clients' interests. We perform daily audits to guarantee unyielding security.
Synopsis: Our dedication at Interactive Brokers is unwavering. We are staunchly committed to upholding a robust, transparent, and secure ecosystem for every client.
In the bustling domain of online trading, Interactive Brokers (IB) prominently distinguishes itself as a trailblazing entity. Given its illustrious track record and expansive service suite, it's imperative to delve into the nuances that make Interactive Brokers the broker of choice for traders worldwide.
Trading Landscape
- Interactive Brokers offers an unparalleled trading environment, renowned for its competitive conditions. Spreads are notably narrow, particularly in dominant currency pairs and high-demand stocks. A vast liquidity reservoir ensures that high-volume trades are executed with minimal slippage.
- One of IB's hallmarks is its transparent pricing model. While they employ a tiered pricing mechanism, their fees are often more affordable than many peers, especially for frequent traders. A fixed fee model also caters to those seeking consistent costs. Notably, the platform waives inactivity charges, appealing to long-haul investors.
Account Varieties Interactive Brokers serves a diverse clientele, from neophytes to industry veterans:
- Individual Accounts: Crafted for solo traders and investors.
- Joint Accounts: Serves dual account holders.
- Institutional Accounts: Tailored for entities, including corporations and financial bodies.
- Advisor Accounts: Perfect for those orchestrating multiple client portfolios.
Each account category is enriched with features addressing the unique requirements of its users, ensuring a bespoke trading journey.
Customer Engagement
- Interactive Brokers takes pride in its robust client engagement model. Users can liaise with the support team via multiple conduits like telephony, real-time chat, and email. A comprehensive FAQ segment caters to routine inquiries. The support team's agility and expertise have garnered accolades, although occasional peak-hour delays have been reported.
- While they don't indulge in perpetual promotions, occasional incentives, especially for new registrations or referrals, are on offer. It's prudent to regularly scan their portal or connect with their support team for the latest incentives.
Trading Interface
IB's signature platform, Trader Workstation (TWS), is renowned for its advanced offerings and reliability. It appeals to a broad audience, from novices with its intuitive design to pros with its sophisticated charting instruments, analytical tools, and algorithmic trading functions. Additionally, they've launched a mobile application, enabling traders to seamlessly operate on the move.
Reliability Metrics
- With an illustrious tenure spanning decades, Interactive Brokers has carved a reputation for dependability. They guarantee an impressive 99.9% platform uptime, ensuring uninterrupted trade execution. Cutting-edge encryption techniques and stringent security measures bolster user data and capital safety.
- In the frenetic world of trading, swift execution is paramount. Interactive Brokers shines in this facet. Their avant-garde infrastructure combined with direct market connectivity ensures instantaneous order fulfillment, curtailing slippage risks.
Interactive Brokers masterfully amalgamates its rich legacy with pioneering technology to deliver an unrivaled trading milieu. Catering to a vast spectrum, from novices seeking intuitive platforms to seasoned professionals demanding advanced tools, Interactive Brokers meets diverse needs. Their transparent pricing, eclectic account options, and unwavering dedication to regulation and dependability make them a front-runner for numerous traders. Yet, as with all platforms, thorough research is essential to ensure it aligns with individual trading aspirations and objectives.
Interactive Brokers Trading Information 2024
Address One Carey Lane, Fifth floor, London EC2 V8AE
Support Phone 1 (203) 618-7791
Trading software Interactive Brokers boasts a suite of sophisticated trading software designed to cater to diverse trading needs, ensuring that traders have access to the best tools, regardless of their trading style or experience level.
- Trader Workstation (TWS): As the flagship platform of Interactive Brokers, TWS offers a comprehensive set of trading tools. It's ideal for active traders, providing advanced charting, technical analysis, and research features. Whether you're trading stocks, forex, or commodities, TWS is designed to deliver speedy execution and in-depth analytics. The platform is also customizable, allowing users to tailor their trading environment to suit their individual preferences.
- WebTrader: For those who prefer trading from any location without the need to download or install software, WebTrader is the go-to option. It's a browser-based platform, offering a simplified and intuitive interface while still retaining the core functionalities that traders need. It's ideal for casual traders or those new to the platform who want straightforward access to the markets.
- IB API: Advanced traders, especially those with a penchant for algorithmic trading, can benefit from the Interactive Brokers Application Programming Interface (IB API). It allows users to create custom trading algorithms, scripts, and strategies, integrating them seamlessly with the IB trading system. This ensures that traders can automate their strategies, fetching data, and executing trades based on their predefined conditions.
- FIX CTCI: Standing for Financial Information eXchange (FIX) Computer-to-Computer Interface (CTCI), this tool is designed for institutional traders and larger clients. It provides a direct and high-speed connection to markets, ensuring rapid order routing and execution. It's the perfect solution for professionals who require robust, reliable, and quick market access for high-frequency trading or other specialized strategies.
In conclusion, Interactive Brokers continues to demonstrate its commitment to providing a diverse range of software options tailored to the evolving needs of global traders. From the in-depth functionalities of TWS to the flexibility of WebTrader and the advanced customizations allowed by IB API and FIX CTCI, traders of all levels can find a platform that matches their trading style and requirements.
Enhance your comprehension of the diverse products, instruments, and markets at your fingertips through Interactive Brokers’ acclaimed platforms. Dive deep into the functionalities and offerings of the Trader Workstation (TWS), the convenience of IBKR Mobile, the user-friendly Client Portal, and the versatile TWS API applications. Each platform is meticulously designed to cater to various trading needs, ensuring both novice and seasoned traders are equipped with the right tools to optimize their trading strategies.
By leveraging these platforms, you not only gain access to a world of trading opportunities but also a wealth of resources to stay ahead in the ever-evolving financial landscape.
Interactive Brokers offers a comprehensive array of tradeable assets, catering to the diverse investment preferences and strategies of its clientele. Within their expansive portfolio, investors can explore the vast world of equities through stocks from various global markets. For those looking to tap into broader market movements, indices provide a collective snapshot of specific market segments. Additionally, shares of numerous leading companies are accessible, allowing traders to take part in the corporate successes of these entities.
For those with an inclination towards commodities, Interactive Brokers also avails trading opportunities in metals like gold and silver, which have historically been viewed as hedges against economic instability. Futures contracts, on the other hand, offer a promise of purchase or sale of assets at a future date, providing a tool for speculating on price movements or hedging against potential risks. Lastly, the volatile world of oil trading can be accessed, allowing traders to capitalize on the intricate dynamics of energy markets.
In essence, Interactive Brokers presents a wide spectrum of assets, ensuring that both individual and institutional traders find instruments that align with their investment objectives and risk appetites.
Experience the pinnacle of foreign exchange trading, offering unparalleled access to the heartbeat of the global currency market:
- Direct Access to Premium Interbank Quotes: At IBKR ADVANTAGE, we ensure you're always connected to the pulse of the forex world. Enjoy direct access to genuine interbank quotes, positioning you at the forefront of the market.
- Ultra-Tight Spreads: Experience trading efficiency with spreads as razor-thin as 1/10 PIP. We're committed to ensuring your trading is as cost-effective as possible.
- Extensive Liquidity and Real-Time Data: Stay updated with live quotes from a consortium of 17 of the globe's most prominent FX dealers. This deep pool of liquidity ensures your trades are executed seamlessly, even during volatile market conditions.
- Diverse Currency Offerings: Broaden your trading horizons with access to over 100 currency pairs, from the majors to exotic currencies. Whether you're a seasoned trader or just starting out, our platform caters to every forex trading need.
- Expert-Grade FX Tools: Equip yourself with cutting-edge professional forex trading tools tailored to help you navigate the market with precision and insight.
- Esteemed Recognition: Our dedication to serving our forex trading community has been acknowledged with a 5/5 star rating in the ForexBrokers.com 2022 Annual Review. This recognition speaks to our commitment to excellence and innovation in the FX trading domain.
- Transparent and Competitive Commission Structure: Trade confidently knowing you're getting the best value for your money. Our low commissions range from 0.08 to 0.20 bps times trade size, and we proudly uphold a no-hidden-spreads or markups policy.
Step into the world of IBKR ADVANTAGE and embrace a forex trading experience that's unparalleled in depth, functionality, and value. Your global currency endeavors deserve nothing but the best.
Experience the Gold Standard in Trading: US Spot Gold with IBKR
IBKR's Unique Benefits:
- Transparent & Affordable Commissions: Enjoy trading with minimized costs owing to our narrow bid-ask spreads influenced by a robustly liquid futures market. Expect a tiered commission structure hinged on your order value, with a basic commission starting at USD 2.00 per trade. Remember, monthly storage fees for USGOLD stand at .15 per ounce.
- Flexibility in Investment Volume: At IBKR, we understand that every investor's needs are different. That's why we've introduced efficient pricing, allowing you to trade in quantities as minimal as 1 ounce.
- Integrated Trading Experience: Our platform is your gateway to a diverse world of investments. From the same Trader Workstation (TWS) interface, trade US Spot Gold alongside various asset classes - stocks, options, futures, currencies, bonds, and funds.
- Discover the Loco London Bullion Market: Dive deeper into the world of precious metals. Engage in trading within the Loco London bullion market, renowned globally as the nucleus for the international over-the-counter (OTC) market for gold and silver.
- Physical Delivery Options: Should you wish to hold your investments tangibly, you can. Request physical delivery for any part of your US Spot Gold position. Send your request to our dedicated Client Services team. Take note: The smallest denomination available for delivery stands at one ounce, with subsequent increments also being one ounce.
Your unallocated US Spot Gold (denoted as: USGOLD) can be effortlessly transformed into a variety of tangible assets:
- Gold Bullion Bar (.999 purity) – Weighing 1 kg
- Gold Bullion Bar ISO Certified (.9999 purity) - Available in 1 oz and 10 oz
- Premium Gold Coins: Gold American Eagle (1 oz), Gold American Buffalo (1 oz), and Gold Canadian Maple Leaf (1 oz).
However, it's essential to note that these delivery options are available exclusively within the US, and associated service and delivery fees are applicable. Understanding Physical Delivery of Futures: Interactive Brokers doesn't just stop at US Spot Gold. We offer trade opportunities on an array of COMEX precious metal futures. Qualified clients have the privilege to request physical delivery for COMEX silver or gold futures, which will be presented as a registered warrant per futures contract.
For a deeper understanding of what each warrant encapsulates, we encourage you to peruse the official COMEX Rulebook.
Dive into the expansive universe of global fixed income securities, offering a wealth of investment opportunities tailored to your preferences:
- Unparalleled Selection: At IBKR ADVANTAGE, we're proud to house a vast array of over 1 million bonds from around the globe. Whatever your fixed income preference, find a bond that aligns with your financial strategy.
- Transparent Pricing: Experience trading as it should be – transparent and straightforward. We ensure that there are no hidden mark-ups or built-in spreads. Instead, benefit from our low and clear-cut commission structure.
- State-of-the-Art Bond Search Tool: Navigating the world of bonds has never been easier. Utilize our intuitive Bond Search tool to swiftly compare available yields, ensuring you're always in the know and can make informed investment decisions.
- Peer-to-Peer Trading: Why rely solely on traditional bond markets? At IBKR, we've revolutionized bond trading, enabling you to trade directly with other IBKR clients, fostering a dynamic trading environment.
- Award-Winning Platform: Our commitment to excellence hasn't gone unnoticed. We're thrilled to be recognized as the Best Online Broker for Bonds by Benzinga, a testament to our unwavering dedication to providing top-tier bond trading services.
Choose IBKR ADVANTAGE and immerse yourself in a bond trading experience that's second to none, curated for the modern-day investor seeking both diversity and value in their portfolio.
Global Stock and ETF Trading at Your Fingertips IBKR's Exclusive Benefits:
- Competitive Pricing Structure: Choose between $0 commissions or benefit from our low commission structure, coupled with the powerful IB SmartRoutingSM system.
- Extensive Global Reach: Access 90+ market hubs worldwide and trade renowned US Stocks and ETFs around-the-clock, five days a week.
- Industry-leading Financing Rates: Experience unbeatable margin loan rates, earning us the top spot in StockBrokers.com's 2022 broker review.
- State-of-the-Art Trading Tools: Our award-winning trading platforms are designed for traders of every level and are accessible via desktop, mobile, and web. Delve into our vast library of order types, algorithms, and specialized trading utilities.
- In-depth Analysis & Sustainable Investing: Unlock deep insights with Fundamentals Explorer and align your investments with your core values using our Impact Dashboard and ESG scores from Refinitiv.
- Transparency in Short Selling: With our electronic Shortable Instruments (SLB) Search tool, gauge the availability of shortable securities effortlessly.
A Closer Look at IBKR's Offerings:
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IBKR Pro:
- Commissions for stocks and ETFs range between USD 0.0005 and USD 0.0035 per share.
- Our proprietary IB SmartRoutingSM system ensures optimal execution by navigating the best available prices across exchanges and even hidden pools.
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IBKR Lite:
- Enjoy zero commissions on US-listed stocks and ETFs.
- Experience hassle-free trading with no account minimums and zero inactivity fees.
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Affordable Margin Loan Rates:
- Our rates hover between USD 5.83% and USD 6.83%. To understand how this impacts you, feel free to use our custom margin loan interest rate calculator. (Note: Some restrictions may apply).
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Advanced Trading Platforms & Tools:
- Access our wide range of platforms tailored for various trading needs.
- Execute trades with precision using over 100 order types and algorithms.
- Harness specialized tools such as Advanced Market Scanners and Risk Navigator to elevate your trading decisions.
- Dive into deep analytics with our Fundamentals Explorer, showcasing exhaustive data on over 30,000 companies and invaluable analyst ratings from TipRanks.
- Embrace sustainable investing: With our Impact Dashboard and ESG scores from Refinitiv, base your investment decisions on ethical considerations alongside financial metrics.
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Unmatched Short Selling Transparency:
- Gain insights into shortable securities' availability using our intuitive SLB Search tool within the Client Portal.
Trade smarter and more sustainably with IBKR – where global reach meets unparalleled service.
Dive into the world of stocks and ETFs with unmatched ease and benefits:
- One Account, Global Reach: With IBKR ADVANTAGE, you don't need multiple accounts to tap into global markets. Trade stocks and ETFs seamlessly across 80+ market centers worldwide using just one integrated account.
- Flexible Pricing: Choose what suits you best! Trade with $0 commissions, or opt for our low commissions backed by the superior efficiency of IB SmartRoutingSM. Whatever your trading style, we have the pricing to match.
- Industry-Leading Financing Rates: Why pay more when you can get the best? Benefit from the lowest financing rates in the industry when you trade with IBKR.
- Advanced Trading Solutions: Navigate the markets with our professional-grade trading platforms. Access a plethora of advanced order types and trading tools designed to enhance your trading strategies and decision-making processes.
- Transparent Short Selling: Gain insights into our transparent shortable inventory and pricing. We believe in providing our traders with clarity, ensuring you're always in the know.
- Fractional Shares Trading: Don't let share prices limit your investment ambitions. With Fractional Shares, invest in your desired companies regardless of how high their share prices might be, allowing for a more diversified portfolio.
- Earn As You Hold: Why let your fully paid shares sit idle? With IBKR, you can earn extra income on those shares, adding an additional revenue stream to your investment portfolio.
When you choose IBKR ADVANTAGE, you're not just getting an account – you're accessing a world of trading benefits tailored for the discerning investor. Dive in and experience the superior difference.
Dive into the realm of cryptocurrency trading with unmatched benefits:
- Competitive Pricing: Benefit from our low commissions, ranging from just 0.12% to 0.18% of the trade value1. With IBKR, you're assured of no hidden costs – we do away with added spreads, markups, and custody fees.
- Unparalleled Access: Engage in cryptocurrency trading effortlessly via IBKR's state-of-the-art desktop platform. For those on the move or those who prefer a more simplified approach, our intuitive mobile and web platforms offer seamless access to the crypto markets.
- Trusted Execution & Custody: With the reputed Paxos Trust Company at the helm, expect top-notch cryptocurrency trade execution and custody services. With us, your trades are in safe and experienced hands.
- Diverse Trading Portfolio: Why limit yourself? With IBKR, you can trade not just cryptocurrencies but also a vast array of financial instruments. Dive into stocks, options, futures, spot currencies, bonds, funds, and more – all through a single, integrated IBKR platform. It's a holistic trading experience!
- Cryptocurrency Futures: Add diversity to your trading strategies. With cryptocurrency futures available on the same integrated platform, you can exploit market trends efficiently.
- Industry Recognition: Don’t just take our word for it. IBKR has been honored as the #1 Best Online Broker, securing a perfect 5 out of 5 stars by Barron’s in 2021. Trust in our legacy of excellence and innovation.
With IBKR ADVANTAGE, you're not just trading; you're experiencing a sophisticated trading journey that puts you a step ahead in the crypto world.
Elevate Your Portfolio Management Experience. Introducing the next-generation standard in portfolio management software and account aggregation, designed to empower your investment decisions. PortfolioAnalyst®: A Comprehensive Financial Companion Unlock the potential of a global portfolio management system you can rely on. PortfolioAnalyst® seamlessly integrates, monitors, and evaluates your assets, presenting you with:
- Multi-custody integrations for diversified investments
- Cutting-edge reporting features
- 24/7 global support
- Benchmarks and risk evaluations
- GIPS® authenticated returns
- Immediate access to critical analytics
Whether you're taking your first steps in trading or you're a seasoned investment professional, integrating your accounts has never been easier. A Broad Spectrum of Asset Management From individual investments and bank accounts to credit cards, annuities, mortgages, student loans, and more, our platform has you covered. Experience both retail and professional solutions designed to cater specifically to your unique needs.
On your morning commute? Quickly glance through your portfolio before the markets swing into action. Have a client presentation lined up? Dive deep into their assets, recent trades, and performance from the last quarter.
Solutions Designed for Every Investor
- Individuals: Personalize your investment journey
- Institutions: Efficiently manage vast assets and client portfolios
Effortless Transition and Holistic Overview Migrating to PortfolioAnalyst® is smooth with our multi-custody solutions and historical data amalgamation. Identify opportunities and assess your overall portfolio's vitality. With our inception reporting and zero-cost historical data amalgamation, maintaining your performance record is a breeze.
Why Choose PortfolioAnalyst?
- Free Access: Dive into our extensive toolkit without any fees.
- Worldwide Management: As finance transcends borders, manage your international accounts conveniently.
- Unparalleled Security: With the assurance of IBKR, crowned as the #1 Online Broker of 2023 by Barron’s.
PortfolioAnalyst Beta In December 2022, we embarked on an upgrade journey, rolling out a platform that redefines user experience. This platform flaunts an integrated dashboard, updating you in real-time with a gamut of charts and analytical tools. Explore GIPS® verified performance metrics, scrutinize top portfolio performers, allocations, risk assessments, and much more, all without the hassle of downloading lengthy reports.
To embrace this innovation, head to the Client Portal, select Performance & Reports, and opt for PortfolioAnalyst Beta or directly log into PortfolioAnalyst.
Unrivalled and Free: PortfolioAnalyst Beta Our ethos revolves around democratizing advanced portfolio analytics. Catering to both professionals and novices, we believe in providing this state-of-the-art service without any hidden fees or conditions. Dive in, and redefine your investment journey.
USD, EUR
Payment Methods Credit Cards, Wire Transfer
Affiliate Program Share the Benefits & Earn from Every Referral. What Defines a Referrer? A referrer is an individual who, based on their positive experience and trust in Interactive Brokers, recommends it to their personal or professional circle. This could be friends, family, acquaintances, or even business contacts. However, it's crucial to note that a referrer acts independently and is not in any capacity associated with Interactive Brokers as an employee or agent.
Dive into the IBKR Referral Initiatives
Friend Referral Program The unique 'Refer a Friend' initiative enables qualifying IBKR clients to introduce new potential members to the Interactive Brokers ecosystem in exchange for a monetary reward.
Eligibility Criteria:
- An account with a net liquidation value not less than $2,000.
- A record of at least one securities trade.
- Exclusions: Individuals residing in Japan, Spain, Portugal, and Israel. While Canadian residents can refer and receive the $200 bonus, they won't be eligible for IBKR stock rewards.
Reward Structure:
- Referrers earn a $200 bonus for every successful referral, capped at 15 per year and an overall limit of 30.
- The referred friend stands a chance to gain up to $1000 worth of IBKR stocks, following specific conditions.
Why Choose Interactive Brokers?
By making a referral, you're not just introducing someone to a brokerage but to an enriched trading experience. Interactive Brokers offers platforms where one can analyze our transparent commissions, flexible margins, and minimal financing charges. New users can engage in a risk-free exploration, comparing our offerings with their existing brokers before committing to a live account. Give them a chance to elevate their trading journey.
Enjoy the benefits of our tiered transparent volume-tiered pricing model. With this approach, the broker commission is kept low, and as your trading volume increases, the commission diminishes accordingly. This pricing model is inclusive of exchange, regulatory, and clearing fees. Importantly, when an exchange offers a rebate, we ensure that the benefits are passed on to you. In some instances, we even transfer the entire savings directly to your account, ensuring you reap maximum advantages.1
Fixed Rate Pricing Opt for our fixed rate pricing scheme, which provides a straightforward commission structure. Under this structure, a uniform low commission is charged either per share or as a set percentage of the total trade value. This comprehensive pricing includes all exchange and regulatory fees. It's worth noting that for US-based stocks, ETFs, and warrants, the associated transaction fees are passed on during all stock sales.
Free Zero Commission US Stock Trading Especially tailored for US residents with Individual, Joint, IRA, or qualifying Trust accounts, we offer zero commission trading on US-listed stocks and ETFs. This means you can trade without worrying about commissions eroding your profits. Additionally, we've eliminated activity fees and there are no account minimums to worry about. However, for stocks and ETFs that are not US-listed, our Fixed Rate Pricing will be applicable.
This multi-faceted pricing structure ensures that traders and investors of all types can find a plan that aligns with their trading style and financial strategy.
English
Spread Type Variable
Broker Type Broker
Minimum Lot Size: 0.01
Mini Account, $: 2000
Digits After Dot 5
24/5 Trading
Demo account
Daily Analytics
Swaps
Hedging
Scalping
Minus Protection
Mobile Trading
Automated Trading
Cashback
Trust Management
Promotions
Contests
I've been trading with Interactive Brokers for several years and have generally found their service to be of high caliber. Order execution is mostly efficient, though during peak market moments, there can be minor delays. Withdrawing funds from Interactive Brokers has been relatively straightforward for me, though once I had to wait a week due to some internal verifications.