Interactive brokers review
About the broker
Interactive Brokers is a US-based broker, specifically Interactive Brokers LLC, and has a rich history, having been founded in 1987. It operates for clients in the European Union (EU) under the operator Interactive Brokers Central Europe Zrt. based in Hungary and has a license from the Hungarian National Bank (MNB), which guarantees its regulation within the EU.
The broker offers a wide range of investment products, including stocks, ETFs, bonds, options, futures, CFDs and even cryptocurrencies, allowing traders diverse investment options.
Various platforms are available for trading, including the TWS desktop platform, the Client Portal web interface and mobile apps, allowing access to the financial markets from a variety of devices.
Fees and payment methods
Interactive Brokers charges trading fees, although the amount may vary depending on the asset and market conditions. However, the broker does not charge fees for inactivity or withdrawals. Payment method is limited to bank transfer, and account currency can be selected from 22 available options, including USD, EUR and others.
The minimum deposit into the account is only 1 USD, and the minimum trade size is 0.0001 shares or 1 USD, which allows you to start trading with relatively low capital.
However, it should be noted that Interactive Brokers social trading. Overall, this is a broker that may be suitable for experienced traders who are looking for a wide range of products and advanced trading tools, and are willing to accept an English interface and limited payment methods.
Minimal deposti and W-8BEN form
Interactive Brokers offers a range of investor-friendly features, including no minimum deposit requirement, making it accessible to a wide range of investors.
The platform also supports multiple languages, allowing for a global reach. For new users and those who want to test the platform first, Interactive Brokers provides a demo account, which allows for risk-free testing of strategies and familiarization with the platform.
International clients have access to the W-8BEN form, which is important for proper tax processing of foreign investments. Additionally, Interactive Brokers allows for trading of fractional shares, making it ideal for investors with smaller capital.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Basic information | |
|---|---|
| Regulations |
|
| Number of instruments CFD | 5 |
| Broker type | ECN, STP |
| Customer support |
|
| Deposit from | 10 EUR/USD |
| Spreads | 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Options, Forex, ETF, Indicies |
| Established | 1978 |
| Location | 10 Earlsfort Terrace, Dublin, D02 T380, Ireland. |
| Phone | 00800-42-276537 |
| media@interactivebrokers.com | |
| Country | UK |
About the broker
Interactive Brokers is a US-based broker, specifically Interactive Brokers LLC, and has a rich history, having been founded in 1987. It operates for clients in the European Union (EU) under the operator Interactive Brokers Central Europe Zrt. based in Hungary and has a license from the Hungarian National Bank (MNB), which guarantees its regulation within the EU.
The broker offers a wide range of investment products, including stocks, ETFs, bonds, options, futures, CFDs and even cryptocurrencies, allowing traders diverse investment options.
Various platforms are available for trading, including the TWS desktop platform, the Client Portal web interface and mobile apps, allowing access to the financial markets from a variety of devices.
Fees and payment methods
Interactive Brokers charges trading fees, although the amount may vary depending on the asset and market conditions. However, the broker does not charge fees for inactivity or withdrawals. Payment method is limited to bank transfer, and account currency can be selected from 22 available options, including USD, EUR and others.
The minimum deposit into the account is only 1 USD, and the minimum trade size is 0.0001 shares or 1 USD, which allows you to start trading with relatively low capital.
However, it should be noted that Interactive Brokers social trading. Overall, this is a broker that may be suitable for experienced traders who are looking for a wide range of products and advanced trading tools, and are willing to accept an English interface and limited payment methods.
Minimal deposti and W-8BEN form
Interactive Brokers offers a range of investor-friendly features, including no minimum deposit requirement, making it accessible to a wide range of investors.
The platform also supports multiple languages, allowing for a global reach. For new users and those who want to test the platform first, Interactive Brokers provides a demo account, which allows for risk-free testing of strategies and familiarization with the platform.
International clients have access to the W-8BEN form, which is important for proper tax processing of foreign investments. Additionally, Interactive Brokers allows for trading of fractional shares, making it ideal for investors with smaller capital.
| Basic information | |
|---|---|
| Regulations |
|
| Number of instruments CFD | 5 |
| Broker type | ECN, STP |
| Customer support |
|
| Deposit from | 10 EUR/USD |
| Spreads | 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Options, Forex, ETF, Indicies |
| Established | 1978 |
| Location | 10 Earlsfort Terrace, Dublin, D02 T380, Ireland. |
| Phone | 00800-42-276537 |
| media@interactivebrokers.com | |
| Country | UK |
Pros
Broker Interactive brokers boasts a long and trouble-free history. Moreover, there is no minimum deposit required, which makes it easy to start trading even with smaller amounts. The broker also allows the purchase of fractional shares.
The availability of a demo account will offer testing of strategies without the risk of losses. Another advantage is the wide range of assets available for trading.
Cons
The broker has several drawbacks associated with its platform and support. The platform, while sophisticated, can be complex, which can be a problem for newcomers.
Licences and regulation
Interactive Brokers is held in high esteem for its credibility, thanks to its multiple top-tier regulatory endorsements, which include
- Interactive Brokers Hong Kong LIMITED - SFC (Hong Kong)
- Interactive Brokers (U.K.) LIMITED - FCA (UK) registration no. 208159
- Interactive Brokers (INDIA) PVT. LTD - NSE, BSE registration no. NSE: INB/F/E 231288037 (CM/F&O/CD); BSE: INB/F/E 011288033 (CM/F&O/CD)
- Interactive Brokers Securities Japan INC - FSA (Japan)
- Interactive Brokers Australia PTY LTD - ASIC (Australia) registration no. ABN 98 166 929 568
- Interactive Brokers Canada INC - IIROC (Canada)
- Interactive Brokers LLC - SEC & CFTC (US)