Interactive Brokers Reviews Read Customer Reviews

That Interactive Brokers publishes margin rates for loans in excess of these amounts says a lot about the service from the get go. Customers will find that Interactive Brokers has several different trading platforms designed for the needs of active traders and long-term investors alike. Its platform earns high reviews from active traders who appreciate access to a fully-featured trading platform on their desktop. Interactive Brokers stands out in offering some of the lowest commissions and margin rates we’ve seen, which makes it a solid option to consider for stock trading. In this Interactive Brokers review, we’ll explain how the online stock broker compares on key factors we think are most important to consider before opening an account.

This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Download App for complete information

They have a system called two-factor authentication and you can never log in to the system even from websites that are not working. They want your personal information https://limefx.vip/ and I can still not login to the system. I am calling customer service, I cannot reach for half an hour I cannot contact customer service via e-mail.

InteractiveBrokers software is provided “as is” without any guarantees as to its continuity and availability (clause 10.A.ii). Among the positive points noted by users are low commissions, the functionality of the IBKR platform and the breadth of the instruments and markets offered. A partner receives a percentage of the amount of trading commissions of a referred client within 3 years from the date of registration of a trading account. In fact, it only provides remuneration to users who attract new clients to its network.

Available Account Types

Stock scanner — This tool is excellent for finding investments based on fundamental and technical parameters. If you want to find stocks that pay a dividend of more than 2%, have a P/E ratio under 20, and are based in Angolia, you can do it with a few clicks. Primarily an online brokerage, Interactive Brokers doesn’t have a large branch footprint like many of the largest retail discount broker firms. That said, it offers support 24 hours a day by phone, chat, or a secure message through its account center. It’s safe to say that margin lending is Interactive Brokers’ special sauce.

• InteractiveBrokers.com offers stocks, futures, options, ETFs, forex, CDs, bonds etc. for your personal investment and trading options.
• Agreed to pay the SEC $38 million in 2020 over its failure to file suspicious activity reports on multiple occasions.
• At the time of writing, there were 32 markets available, which is more than what competitors offer.
• Interactive Brokers may be built for active stock traders, but it doesn’t leave fund investors behind.
• This company steals your money then when you complain they ask you to call them on long distance tel call.

Aside from being hard to reach, their support were only able to deliver mediocre customer service. Even the most basic questions took a lot of time to be answered and in most cases, they keep in doing sales talks which was a real turnoff. The minimum account size is perhaps one its major disadvantages as it requires an initial deposit of AU$10,000 which is far beyond the average size. This is clearly not affordable for the average trader and it is for this reason why they got a low Minimum Deposit score of 1/5.

Deposits and Withdrawals

The active traders’ program allows to get discount according to the account type and trading volumes trader performs, thus will result in a better price model. U.S.-listed options are $0.65 per contract with a $1 minimum per trade for Lite customers. Interactive Brokers is definitely a reliable, trustworthy, and legitimate investment firm. There are several layers of government oversight for all forms of trading, and insurance is available on positions of securities and cash. Unfortunately, investing always involves some level of risk, and no insurance available today protects against market loss.

• Also, customer support is defined by the type of investor either individuals and a separate ones for institutions.
• If you’re not a US resident, you can purchase thousands of non-US mutual funds with no transaction fee while most other funds are priced at €5.
• InteractiveBrokers global presence delivers also multiple support to the traders benefit provided by professional and well established centers.
• The highlights of Interactive Brokers include an incredibly detailed dashboard, an enormous range of products and excellent access to research and tools.

IB also gained clients through Scottrade that year; Scottrade had previously offered complex option trading through its platform OptionsFirst, and began offering trading through IB’s platform. In 2008, the company released Risk Navigator, a real-time market risk management platform. Also in 2008, several trading algorithms were introduced to the Trader Workstation. Among these is the Accumulate-Distribute Algo, which allows traders to divide large orders into small non-uniform increments and release them at random intervals over time to achieve better prices for large volume orders. The original organization was first created as a market maker in 1977 under the name T.P.

Businesses

The number of complaints filed and how quickly a business is able to resolve complaints are two examples.

So after you close a position on IBKR, you have to declare any such capital gains in your annual tax returns. As a useful starting point, you can check the ‘Portfolio’ tab to view your realized and unrealized profit/loss positions at IBKR. No, you can’t use PayPal to fund your Interactive Brokers account. Interactive Brokers Group islisted on the NASDAQ Stock Exchange.The listing makes the broker more transparent, as it has to publish financial statements regularly. Technical indicators; however, similar to the platforms, the charting tool is not user-friendly.

The minimum deposit requirement varies by the account type, also since IB announces enlarging programs and opportunities for low cost trading it lowers deposit requirements. A typical individual account requires a 2,000$ deposit, while the Friends and Family Advisor only 200$. As well the requirement may vary according to the region, e.g. Let us have a look closer what the personal group means, while the first group is the Trader & Investor Accounts, which is suitable for individual investors or traders, family office, small business or friends and family advisor.

Once on the Client Portal, users can monitor and manage all aspects of an IB account. IBKR is suitable for most intermediate through advanced investors to check on positions, get a real-time view of your accounts, and place basic trades. Viewing detailed quotes, advanced charting, news, accessing a trade ticket, and setting up trade defaults is easy. The new IBot gives you access to ready artificial intelligence chat.

With this service plan, they can tradeUS-listed stocks and ETFs commission-free. We also compared Interactive Brokers’s fees with those of two similar brokers we selected, Saxo Bank and limefx courses scam DEGIRO. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Interactive Brokers alternatives.

Margin interest for Lite customers is 1% higher than the Pro rate. There you can access Trading tools, Investment products Courses, Courses for risk analysis, together with Videos, Webinars, Traders’ insights, News and recent updates. Lastly, you can use IB WebTrader a web-based trading interface with similar functionality as the desktop version.

• Interest is paid on cash balances according to a formula, with higher interest paid on larger balances.
• The mobile app is simple and intuitive to use, the asset offerings and pricing are unmatched and rates on margin loans are affordable.
• Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader.
• We think this is a very useful feature for stock investors.
• Messages went unanswered for 5-10 days and it was not possible to contact IB by phone either.