Interactive Brokers Review

Interactive Brokers

9.8

Visit Broker >

Last update of data—Apr 2022

Interactive Brokers

Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.

Recommended for traders looking for broad market access and a professional trading environment.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic Data of Broker

Overall Score

9.8

Recommended for traders looking for broad market access and a professional trading environment.

Best online broker

Country of origin

USA

Fees

Fees Score

9

Fees Summary

Low trading and non-trading fees, free stock and ETF trading for US customers

Stock and ETF fees

US stock

$1.0

UK stock

$4.2

German stock

$3.6

Forex fees

EURUSD benchmark fee

$10.4

EURGBP benchmark fee

$10.7

AUDUSD benchmark fee

$7.9

Fund fees

Mutual fund

$15.0 *

Bond fees

US Treasury bond

$5.0

EU government bond

$10.0

Options fees

US stock index options

$6.5

UK stock index options

$23.8

German stock index options

$20.4

Futures fees

US micro e-mini stock index futures

$2.5

UK stock index futures

$23.8

German e-mini stock index futures

$9.6

CFD fees

S&P 500 index CFD fee

$2.8

Europe 50 index CFD fee

$3.1

Apple CFD fee

$2.9

Vodafone CFD fee

$9.7

Non-Trading Fees

Account fee

Custody fee

Inactivity fee

Withdrawal fee

$0

Deposit and withdrawal

Deposit and withdrawal score

6

Number of base currencies

23

Deposit type

Bank transfer

Credit/debit card

Electronic wallets

Withdrawal type

Bank transfer

Credit/debit card

Electronic wallets

Withdrawal time

2 days

Account opening

Account opening score

6.4

Account opening fully online

Minimum deposit

$0

Time to open account

1-3 days

Required documents

Proof of identity: national ID / passport / drivers license Proof of residency: bank statement / utility bill / drivers license / credit card statement

Trading platform

Web platform score

8

Mobile platform score

7

Desktop platform score

7.6

Markets and products

Markets and products score

10

Stocks

Fractional shares

ETFs

Forex

Funds

Bonds

Options

Futures

Crypto

CFDs

CFD disclaimer

Disclaimer: 60.0% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score

8.6

Charting quality

Great

Education score

9

Demo account

Customer service

Customer service score

6.8

Phone

Live chat

Email

24/7 availability

Security

Investor protection amount

£85,000 or $500,000 (but only $250,000 for cash) in the UK depending on the assets you hold; $500,000 ($250,000) in the US; €20,000 (IB Ireland & Luxembourg) or €100,000 (IB Central Europe) in the EU, CAD 1 million in

Banking background

Listed on stock exchange

Foundation date

1977

Country of regulation

USA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore