0.00
Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Interactive Brokers Review

3.18
11 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

Interactive Brokers general information

Founded in: 1977 year
Headquarters:
USA
Offices in the country:
United Kingdom, Hong Kong, India, Canada, Japan
Minimum Deposit: 10000 $
Website: www.interactivebrokers.com
Website languages:
English, Spanish, Italian, Chinese, Deutsch, Russian, French, Japanese
Execution model:
MM
Deposit currency:
USD, EUR, JPY, GBP, AUD, CHF, CAD, MXN, NZD, SEK, HKD, INR
Support languages:
English, Spanish, Italian, Deutsch, Russian, French
Regulated by:
FCA (United Kingdom) license №208159
CFTC (USA) license №0258600
NFA (USA) license №0258600
SEC (USA) license №8-47257
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts, Segregated accounts
Affiliate program: Not

Interactive Brokers Forex broker description

Interactive Brokers is a very big name when it comes to the forex trading sector. This forex broker has been a constant in the forex business for almost four decades and still going stronger. Interactive Brokers was established in 1977 and started operating in 1978. Ever since then, it has managed to stick its head u in becoming a credible giant in this trade.

From its headquarters in the United States of America, it has managed to spread its influence to many other countries worldwide. At the moment it has its offices in India, Japan, Canada, Hong Kong, and the United Kingdom. This growth strategy was in a bid to take its services near to its many clients who are found all over the world.

Trading Accounts

Owning a trading account with Interactive Brokers will allow you to execute trades on its many financial trading instruments as well as enjoy their unique trading conditions. To own an account you will need to sign up for one using your valid details.

Interactive Brokers has two account types that have been specially designed to meet the needs of its respective clients. These are the free trial account and the individual account.

The Free Trial Account

The free trial account is also referred to as the demo account. This account type is designed to meet the needs of novice traders who have little or no idea of the forex trading concept. This account is free to sign up for and provides a simulated environment where the trader will be able to perfect his or her trading skills. They are also provided with virtual funds to help in practice for trade executions. This account type can also be used for refresher lessons by those who have forgotten about the trading concepts.

The Individual Account

The individual account is the standard trading account that Interactive Brokers offers. It is suitable for both experienced professional traders and novice traders. The following are the many features of this account type.

  1. Minimum deposit is $10000.
  2. Allows for hedging and scalping.
  3. Has the market type of execution.
  4. Allows the use of the United States dollar, the Canadian dollar, the Great Britain pound and the Japanese yen among others as its base currency units.
  5. Has a minimum position size of 0.25.

About Interactive brokers and Security Of Funds

The company was formed to provide trading services for the then young financial sector in forex trading. With this in mind, it managed to draw scores of clients who wanted to know more about forex trading and even participate in it. Over the years it has managed to grow in leaps and bounds cementing its name as one of the most credible forex traders around.

It has invested heavily in qualified and dedicated personnel who help their many clients with any arising issues. They wok round the clock for these reasons and will occasionally offer advisory services to the clients more so on matters concerning trading.

Interactive Brokers has managed to expand its territories to many regions of the world. This is in order to take its services near its clients. This has been very beneficial as it has managed to bring it near many business hubs such as Hong Kong and London where it takes advantage of the busy financial nature of these places to source for more clients.

The company is credible and it has proof of this courtesy of the many licenses under its possession. These licenses have been granted by the regulatory bodies in the countries it runs its operations from. Among the major points of focus by these bodies is the safety of clients’ funds. This has prompted Interactive Brokers to come up with the following measures to maintain this safety.

  1. Use of credible banks to store such funds.
  2. Use of technologically sound encryption techniques to keep off cyber criminals.
  3. Use of segregated bank accounts to separate the company's funds from clients' funds.

The following are the licenses that Interactive Brokers has:

  1. A license from the United Kingdom’s financial conduct authority (FCA).
  2. A license from the Hong Kong securities and futures commission.
  3. A member of the investment industry regulatory organization of Canada ( IIROC)

Trading Conditions

Minimum Initial Deposit

The minimum initial deposit is $10000 which will serve as your initial base capital in trade execution.

Commissions

No commissions are charged at all.

Trading Platforms

Interactive Brokers has some of the best trading platforms that have been specially designed for its clients’ needs in a smooth trading process. These platforms are the desktop TWS, the IBKR mobile platform, and the IBKR webtrader platform.

The Desktop TWS Platform

The desktop TWS platform is a downloadable platform that is suitable for your desktop. Its features are:

  1. Easy to use interface.
  2. Lightweight software.
  3. Has advanced analytical tools.
  4. It is easily customizable.
  5. Real-time monitoring.
  6. Risk management.

The IBKR Mobile Platform

The IBKR mobile platform is a downloadable platform that will allow you to execute trades from your mobile phone. It has both versions for ios and Android operating systems. It comes with many features in analytical tools as well as advanced drawing tools. It is lightweight hence will not consume much of your device’s storage space.

The IBKR Webtrader Platform

The webtrader platform is the platform that will let you execute your trades from your browser. It is compatible with most browsers and is noted for its short loading durations. The webtrader platform is accessible by both the desktop and also your mobile device.

Promotions

The following are the promotions currently running on Interactive Brokers’ website.

  1. The refer your friend and earn a $200 bonus.

Withdrawals And Deposits

Interactive Brokers have very efficient and flexible transaction modes. This incorporates the use of credit and debit cards such as Visa and MasterCard. Bank transfers are also accepted. The transactions are instantaneous and will take a short time to reflect.

Briefly about Interactive Brokers

Interactive Brokers is a credible broker with many years in the business that grants it a higher level of expertise. It is really appreciated and beloved by clients, evident by the Interactive Brokers’ customer comments and reviews. This is a recommendable broker for professional forex traders.

Trading accounts of Interactive Brokers

  • Individual
Minimum Deposit : 10000 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
MXN - Mexican Peso
NZD - New Zealand Dollar
SEK - Swedish Krona
HKD - Hong Kong Dollar
INR - Indian Rupee
Trading instruments:
Forex1:40
Number of currency pairs: 91
  • AUD/CAD
  • AUD/CHF
  • AUD/CNH
  • AUD/HKD
  • AUD/JPY
  • AUD/NZD
  • AUD/SGD
  • AUD/USD
  • AUD/ZAR
  • CAD/CHF
  • CAD/CNH
  • CAD/JPY
  • CHF/AUD
  • CHF/CNH
  • CHF/CZK
  • CHF/DKK
  • CHF/HUF
  • CHF/JPY
  • CHF/NOK
  • CHF/PLN
  • CHF/SEK
  • CHF/ZAR
  • CNH/HKD
  • CNH/JPY
  • DKK/JPY
  • DKK/NOK
  • DKK/SEK
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/CNH
  • EUR/CZK
  • EUR/DKK
  • EUR/GBP
  • EUR/HKD
  • EUR/HUF
  • EUR/ILS
  • EUR/JPY
  • EUR/MXN
  • EUR/NOK
  • EUR/NZD
  • EUR/PLN
  • EUR/RUB
  • EUR/SEK
  • EUR/SGD
  • EUR/USD
  • EUR/ZAR
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/CNH
  • GBP/CZK
  • GBP/DKK
  • GBP/HKD
  • GBP/HUF
  • GBP/JPY
  • GBP/MXN
  • GBP/NOK
  • GBP/NZD
  • GBP/PLN
  • GBP/SEK
  • GBP/USD
  • GBP/ZAR
  • HKD/JPY
  • MXN/JPY
  • NOK/JPY
  • NOK/SEK
  • NZD/CAD
  • NZD/CHF
  • NZD/JPY
  • NZD/USD
  • SEK/JPY
  • SGD/JPY
  • USD/CAD
  • USD/CHF
  • USD/CNH
  • USD/CZK
  • USD/DKK
  • USD/HKD
  • USD/HUF
  • USD/ILS
  • USD/JPY
  • USD/KRW
  • USD/MXN
  • USD/NOK
  • USD/PLN
  • USD/RUB
  • USD/SEK
  • USD/SGD
  • USD/ZAR
  • ZAR/JPY
CFD's1:10
Amount of assets : 495
  • Promotions
  • Futures
  • Indices
  • Products
Metals1:16
  • Gold
  • Silver
Energy sources1:16
  • Oil
  • Gas
Stock exchange
  • Promotions
  • Futures
  • Options
  • Bonds
  • Depositary Receipts (ADR and GDR)
  • Exchange goods (UTS)
  • Funds (ETF)
Entry to stock exchanges
  • NASDAQ (US)
  • CME (USA)
  • NYSE (USA)
  • NYMEX (USA)
  • CBOT (USA)
  • Eurex (EU)
  • Euronext (ES)
  • FBW (Germany)
  • LSE (United Kingdom)
  • TSE (Japan)
  • VSE (Austria)
  • MOEX (Russia)
Minimum position size:
0.25 лотов
Execution type:
Market Execution
Swap Free:
Not
VIP Account:
Not
Spread type:
Fixed
Decimal places:
4 characters
Phone trading:
Yes

Contacts of Interactive Brokers

Headquarters
Соединённые Штаты Америки , ГринвичOne Pickwick Plaza
show on the map
1 (312) 542-6901Телефон штаб-квартиры
Филиал
Канада , МонреальMcGill College Avenue, Suite 2106
show on the map
1 (514) 847-3499Локальный телефон
Филиал
Австралия , СиднейGeorge Street, 225 Grosvenor Place
show on the map
+61 (2) 8093 7300Локальный телефон
Филиал
Великобритания , ЛондонBishopsgate, 110
show on the map
+41-41-726-9500Локальный телефон
Филиал
Индия , МумбаиAndheri Kurla Road, Andheri East, Times Square,
show on the map
+91-22-61289888Локальный телефон
Филиал
Япония , Токио, Минато-ку, Нихонбаси Kayabacho Third Street No. 2, No. 10 Стальной зал 4 этажМинато-ку, Нихонбаси кайбачо третья улица, 2
show on the map
+813-4588-9700Локальный телефон
Филиал
Гонконг , ГонконгQueensway, Admiralty, 88
show on the map
+86 (21) 6086 8586Локальный телефон

Recent customer reviews of Interactive Brokers

Andre Roy 03 January 2023

Advantages: Low fees, large investment selection, good option for professionals

Disadvantages: Quite complicated website, high minimum deposit

Comment: I've been a day trader for a while, and I can tell you that working with this broker has been pretty good for me. At first, I used to struggle with the website there, it's pretty hard to navigate, but once I managed to figure everything out, it stopped being a problem. Fees there are low, comparing to other brokers, but if you're a novice trader, you may face some difficulties there because this broker focuses on advanced traders.

Comment
Add a COMMENT
Zak Mahmood 02 February 2022

Advantages: Certified broker with a serious legal basis Low transaction fees Free demo account with analytics You can manage your portfolio and orders using third-party software

Disadvantages: High depository fees (reduced by the amount of commission payments from transactions) Complex presentation of information on the site A lot of complaints about the work of the support service

Comment: Great company. I've been working with her for a very long time. In terms of trade, everything is at the highest level. There are any necessary tools, the terminal is free, which is very nice. A serious office for experienced traders with normal money.

Comment
Add a COMMENT
Elizabeth Ruth 31 January 2022

Advantages: I was able to recovery my funds

Disadvantages: Don't invest

Comment: Hello everyone it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible. But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000. I read an article on (reddit) as regards to a recovery expert and genius so I reached out to SCAM RECOVERY SITE, and to my surprise I got all bitcoins recovered within 24hours frame. I don’t know if I’m allowed to share the links on here but you can contact them if you are finding it very difficult to withdraw your funds at, Scamrecoverysite at fastservice dot com All thanks to them.

Comment
Add a COMMENT

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Interactive Brokers categories


Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.