Interactive Brokers Review For European Investors In 2021

Interactive Brokers Review For European Investors In 2021

2) margin – their margin requirements fluctuates massively. one night I could have enough margin and overnight I could Retail foreign exchange trading literally lose 50% of the margin. I also have a Schwab account and their margin calculation is quite orderly.

Interactive Brokers Review

However, casual and inexperienced investors might be intimidated. Interactive Brokers offers a significant range of global markets; however, availability depends on where you reside and which entity you open your account with.

Given many brokers charge $4.95 per stock trade, with no minimum monthly commission requirements, Interactive Brokers is costlier for people who simply want to place the occasional trade. To be a top stock broker, no-fee mutual funds are practically table stakes. Interactive Brokers, rightly, offers a wealth of mutual funds that can be purchased with no fee.

Stock Research Tools

IBKR Pro customers get lower margin rates than Lite customers. Currently, Pro clients pay between 0.75% and 1.59% for margin debits, which is an absolute steal. Lite customers still get a very good rate at a flat 2.59% at any balance. We’ve also got a list of the top stock trading schools, online stock trading courses you can start now and self-paced modules to teach you about forex. Interactive Brokers forex analytics also offers a comprehensive mutual fund screener to rule out investments based on family, type, and commission. Interactive Brokers is currently 1 of the largest mutual fund brokers in the United States — its massive range of funds can all be accessed from a single, integrated account. Interactive Brokers offers traders full access to the U.S. stock market on both its Pro and Lite platforms.

Interactive Brokers Review

Variety of platforms and tools are covering most demanding needs while bringing both performance and ease of use. There you can access Trading tools, Investment products Courses, Courses for risk analysis, together with Videos, Webinars, Traders’ insights, News and recent updates. InteractiveBrokers global presence delivers also multiple support to the traders benefit provided by professional and well established centers. Also, customer support is defined by the type of investor either individuals and a separate ones for institutions.

Strength 2 =  Forex Trading Platform

Any of their clients can trade these currencies with the help of the interactive broker’s FXTrade tool that’s integrated into the discount broker’s Trader Working Station . On this platform, spreads for major currencies start from 1.0 pips.

Interactive Brokers Review

Interactive Brokers offers an extensive selection of futures products and markets. There are at the time of writing 32 markets available, which is more than what competitors provide. Similarly to options, you will find both major and minor markets. In 2020, Interactive Brokers introduced the possibility to buy and sell fractional shares of stock, which allows traders to invest small amounts and still diversify their portfolio. This is also useful if you want to keep things simple, because you can invest a total round amount like $100 and they will buy the exact fraction of shares to fill this purchase order.

It Offers Advanced Charting Tools, But Some Features Come With Fees

A referral to a stock or commodity is not an indication to buy or sell that stock or commodity. In our Interactive Brokers Review we found their platform is stable, the availability of shorts is great and the overall experience was better than most other brokers. IBKR’s app is fully-optimized for both Apple and Android platforms. If you rotate your screen, the design of the app flips to a more detailed horizontal design. However, unlike most brokers, it doesn’t inflate the spread or charge you more than the standard spread for the pair you’re trading.

This is an in depth platform with comprehensive risk analysis and global technical research news to help serious traders do some serious business. It requires a software download – this is not an online-only platform. The Trader Workstation is replete with the types of tools seasoned, high volume, busy, serious investors and traders love and seek out. But it is just one out of a set of platform interface options you have when you use Interactive Brokers. $100 minimum to fund a smart beta portfolio that comes with an account management fee ranging from 0.08 to 0.09 percent. The Forex Trader can also be used for other types of trades beyond forex, such as forex futures, stocks, bonds, fx options, futures. This tool supports 20 different order types and displays multiple currency pairs on a single screen, complete with real-time bid ask and market data.

  • Margin interest for Pro customers is 1.55% for balances up to $100,000 and 2.55% for Lite customers.
  • NerdWallet strives to keep its information accurate and up to date.
  • It’s possible to build an incredibly diverse portfolio with IBKR with just a few clicks with access to over 135 markets and a wide range of securities.
  • We expect customer support to return to its baseline service level after the Brexit mess is dealt with, but it was still shocking to see the level of mismanagement.
  • Interactive Brokers is among the largest brokerage firms in the world in terms of the average traded volumes on its platforms.
  • Portfolio Checkup will measure the performance of your portfolio across 200 industry benchmarks to make sure that you’re still on track to hit your long-term goals.

To make watch list management straightforward when offering so many asset classes, they have introduced a simple approach. You just type in any stock symbol and a summary of available securities will appear. So, in terms of customisability, IB are leading the way with their proprietary platform.

Sensed Reg Flags, since I did not transfer the money myself only linked my bank account. I started an application with, was told it was sent for review and waiting approval. Later I got a forex message saying I need to fund my account in order to be considered for approval. That sounded odd but I went ahead and linked my bank account. Even After linking My bank account never got access to my account.


Interactive Brokers earns a 2.5 out of 5 on Trustpilot as of March 2021. Many clients complain that Interactive Brokers Review customer support is slow to resolve issues and how the platform often runs into technical problems.

How long does it take to withdraw money from Interactive Brokers? We tested it and it took 2 business days.While you wait, a new feature since early 2020lets you track your withdrawal in real-time on the Client Portal. The first withdrawal each month is free of charge, while subsequent withdrawals have a fee. However, deposit options are limited, as neither credit/debit cards nor electronic wallets can be used. In this example, in the desktop TWS platform, you’d type in EUR.USD, select IDEALPRO , then go to ‘Advanced’ and select FXCONV as a destination, and you’d sell the amount you need. Interactive Brokers provides many account base currencies, which is great if you want to trade assets in various currencies. You can trade cryptocurrencies through futures and ETNs (exchange-traded notes).

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 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.


Besides trading these products on the American exchanges, IB provides access to many foreign exchanges. While many day-trading brokers continue to charge equity commissions, Interactive Brokers is one firm that has launched $0 trading. Despite its new pricing schedule, it still provides some really good software. Worried that your investments are contributing to environmental harm? Interactive Brokers even offers an environment social governance rating tool. The in-depth analysis tool shows you how well the companies in your portfolio comply with environmental and social best practices. IBKR offers access to 98 commission-free ETFs for Pro traders, while Lite traders get to buy and sell ETFs completely commission-free.

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