Interactive Brokers LLC is a leading brokerage firm that stands out due to its low fees, wide selection of tradable assets, and sophisticated trading platforms. It is commonly regarded as a top forex broker, and its daily average revenue trade volume makes it the largest online brokerage company in the United States.
The company has numerous locations all around the world, including the US. The corporation operates under the regulation of several authorities, including the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the New York Stock Exchange, among others.
In addition to its powerful charting tools, Interactive Brokers’ streamlined trading platforms (such as IBKR Mobile, the Client Portal, and Trader Workstation) make for a pleasant trading experience.
The online trade platform gives consumers access to a broad range of research providers and news services, both free and subscription based.
In particular, Interactive Brokers allowed customers to trade cryptocurrencies including bitcoin, ethereum, litecoin, and bitcoin cash around the clock starting in 2021.
Financial stability, fiscal conservatism, and automated risk controls are deliberate organizational choices that shield Interactive Brokers and its customers against catastrophic losses in trading. Interactive Brokers, with its multiple award-winning platforms, welcomes traders of all skill levels.
To further guide your research, we’ll delve into the products, services, accounts, eligibility, and positives and negatives of Interactive Brokers.
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The information in this article is for general guidance only. It does not constitute financial, legal, or tax advice, and is not a recommendation or solicitation to invest. Some facts may have changed since the time of writing.
Interactive Brokers Products and Services
- Traders have access to a variety of trading platforms, including the Trader Workstation, Client Portal, and IBKR Mobile. With advanced charting capabilities, these platforms facilitate effortless trading.
- Comprehensive research tools are at your disposal via Interactive Brokers, with both free and paid subscription choices. Over 200 services from dozens of media and academic institutions are made available to users.
- Bitcoin, Ethereum, Litecoin, and Bitcoin Cash Trading
- Traders can use the IB application programming interfaces (APIs) to build their own automated trading systems on the broker platform.
- Individual accounts, joint and trust accounts, retirement accounts, advisor accounts, and institution accounts are only some of the investment vehicles supported by the platform.
Interactive Brokers Investments
Among the many investing options provided by Interactive Brokers, the following stand out:
- Stocks: Access stocks from over 135 marketplaces across 33 countries through Interactive Brokers.
- Options: Trade options on stocks, indices, and futures contracts on more than 60 exchanges worldwide.
- Futures: Learn about commodity, currency, and index futures trading on more than 45 global exchanges. Over 135 different currency pairings are available for trading in spot, forward, and option form.
- Bonds: Choose from more than 40,000 different bonds issued by 26 different countries. All types of bonds are included, from federal to corporate to local.
- Funds: Interactive Brokers provides access to a broad variety of investment funds, comprising over 19,000 no-transaction-fee mutual funds, as well as ETFs, closed-end funds, and hedge funds.
Interactive Brokers Account and Eligibility
Interactive Brokers Account Types
The trading platform provider offers Individual Accounts for traders and investors who would like to have more control over their money. Trust accounts are ideal for individuals who want to delegate investment management responsibilities to another party, whereas joint accounts are more suited to two people.
Traditional, Roth, SEP, and SIMPLE IRAs are just some of the retirement account options offered by Interactive Brokers. Different people have different retirement savings goals and tax situations, so these accounts are designed to meet those needs.
Interactive Brokers offers Advisor Accounts for individuals who are not trained financial advisors but nevertheless manage client funds. Financial advisors can take full control of their clients’ portfolios with the use of these accounts.
Interactive Brokers offers Institutional Accounts as a service to its institutional clientele. Hedge funds, registered investment advisors, proprietary trading groups, and introducing brokers are all part of this expansive category.
Interactive Brokers cash account options
In a cash account, you can trade options using Interactive Brokers; here are some important specifics about this feature:
US trading account options using a cash account does not require a minimum balance.
Options trading has limitations when working with a cash account. Notably, restrictions are placed on actions like shorting stock or futures, and the benefits of day trading are limited to half of the standard margin need during the trading day on certain exchanges.
Settlement of a stock, option, or futures trade is what actually releases the funds from the sale into your hands. You can withdraw money from the sale of US stocks three days after the trade closes, German stocks two days, and US options the same day.
To individuals who match the criteria, the Client Portal offers the option of switching from a cash account to a margin account.
Cash account vs margin account on Interactive Brokers
Differences between an Interactive Brokers cash account and a margin account primarily revolve around the availability of borrowed funds and the dangers that come with them.
There is no minimum balance necessary to make purchases or withdrawals from a Cash Account; instead, transactions are made directly from the account’s balance. Since borrowing money is forbidden, any attempts to “short” will fail.
Multi-currency trading and the purchase/sale of options are permitted via Forex conversions, although options trading is restricted. Settlement is the point at which a transaction is finalized; this can take anything from a few minutes to a few days depending on the asset sold.
In contrast, a Margin Account requires a minimum balance of $2,000 and permits the use of borrowed funds to leverage transactions. However, this raises leverage risks, including the potential for losses exceeding the initial investment.
Despite the additional risk, there is also the possibility for better profits compared to cash accounts. Borrowed funds incur interest, although shorting is allowed and day trading incentives are offered through this account.
Who can invest with Interactive Brokers?
By catering to traders, investors, and financial advisors, Interactive Brokers has become one of the go-to online trading platform. Trading enthusiasts, industry pros, day traders, option and futures traders, and even overseas investors can all find a home on this flexible platform.
To set up an account with Interactive Brokers, adherence to specific eligibility and requirements is imperative. Here are the key criteria for distinct account types:
- Individual Account: Opening an individual account necessitates furnishing personal details such as name, address, phone number, Social Security Number, or ID number for non-US citizens, along with proof of identification.
- Advisor Account: Information such as your name, address, phone number, and securities, commodities, and/or foreign exchange registration and license numbers are necessary to open a new adviser account. In the US, investment advisers must either be registered with the SEC or the state(s) of operation or qualify for an exemption from registration.
- Joint and Trust Account: Joint and trust accounts require the involvement of two individuals and a trustee. The trustee must submit relevant trust documentation.
- Institutional Account: Interactive Brokers extends institutional accounts tailored for registered investment advisors, hedge funds, proprietary trading groups, and introducing brokers. The specific requisites for these accounts may vary, necessitating direct contact with Interactive Brokers for comprehensive information on eligibility and requirements.
- Retirement Accounts: For Traditional IRA, Roth IRA, SEP IRA, or SIMPLE IRA accounts, meeting age and income prerequisites is vital. For instance, opening a Roth IRA mandates a minimum age of 50 years old, with income thresholds of less than $153,000 for single filers or $228,000 for married couples filing jointly in 2023.
Can non-US residents invest with Interactive Brokers?
Investors from outside the United States are warmly welcomed by Interactive Brokers, who now serve customers from virtually every country in the world. The usual rule is that citizens of nations with fragile economies or governments are exempt. Customers who are not US citizens may be asked to provide additional documentation as part of the account establishing procedure.
How to open an Interactive Brokers account
To get started with Interactive Brokers’ account opening process, please do the following:
You can open an account with Interactive Brokers as a person, a couple, a trust, a retiree, an advisor, or a business. Choose the account category that best fits your requirements.
Go to the New Account Signup Page. Visit [Interactive Brokers Account Opening Page] to create an account with them.
Complete the Registration procedure. All of the account opening procedure is done online, but it might be complicated because of the need to provide personal information and answers to many questions. Make sure you provide the bank everything they need to start an account and that everything is correct.
After your account has been approved, you can fund it through several channels such as bank wire transfers, ACH transfers, or credit/debit card deposits.
Get the Trading App. You can choose from the IBKR Mobile app, the Client Portal, or the Trader Workstation, depending on whichever trading platform best meets your needs. Download the chosen platform and acquaint yourself with its functionalities.
You can now begin trading with Interactive Brokers once your account has been funded and your preferred trading platform has been installed.
Interactive Brokers login
The Interactive Brokers Client Portal provides a single point of access for all aspects of managing and monitoring your Interactive Brokers account.
- Simply go to Interactive Brokers Client Portal to access the portal.
- Fill up the appropriate areas with your username and password.
- Make sure your browser supports JavaScript for optimal application functionality.
After logging in, you’ll have quick access to a wealth of account management features, including the ability to place orders, manage open orders, evaluate recent trades, track performance, read the latest news, and more.
Depending on your region and the type of account you have, the login procedure may be slightly different. Don’t be shy about contacting Interactive Brokers’ help team if you’re having trouble logging in.
Interactive Brokers Trading Platform
Web Trading Platform
While trading online at Interactive Brokers, an investor can be able to choose between ‘Client Portal and Web trader’. Between these two Client Portal is considered to be easier to use than Web trader. The Client Portal is available in many languages such as English, German, Spanish, French, Italian, Russian, Chinese and Japanese which can be selected within the platform. The huge drawback of the client portal is that it is not customizable.
Web trader platform is considered to have the best results when used by traders with less experience, through which core features are provided for trading efficiently and managing a portfolio.
It provides a secure login system with a Two-Step Authentication Feature through which you get a secure code via email which is considered to be a safe way of logging in.
The search function is productive and very easy to use and can be found at the top of the page. You can get a list by typing the desired asset’s name.
While placing the orders you can only use order types such as ‘Market, Limit, Stop and Stop Limit.’ You won’t be able to place an order on the complex order types. Order terms such as ‘Day Order’ and ‘Good till Canceled’ can also be used.
Users are able to receive alerts and notifications through the chatbot. Performance can be tracked using the portfolio tab where Profit/Loss balance and the costs paid by the user are shown clearly. The Web-based platform is rated 4 out of 5 stars.
Mobile Trading Platform
The Mobile Trading App is considered to be easy to use when compared to the Web Platform. It is very simple to use for options trading. A comparison between two potential trades can be made using the ‘Performance Profile Tool’. Orders can be quickly sent to the market using the ‘Persistent Trade button’. Its built-in ‘IBot’ feature helps you to find advanced order types and analytical tools. It is available on both IOS and Android Platforms and the languages are the same as the Web-based platform.
The search is also provided in the mobile app and can be found at the top. It is much more user-friendly than the Web-based trading platform. Asset Types(stocks, futures, options, warrants, and CFDs) can be chosen after specifically choosing an asset.
After selecting the desired asset the user will be guided to the Information and Trading window where results such as asset market information, an interactive chart with technical indicators, related news, some fundamental information, a summary of the latest analyst’s report and the buy and sell buttons that transfer the user to the order panel.
While placing orders it is very much similar to the Web-based trading platform with the same order types and terms.
A specialized feature called Chatbot is available on the mobile app which is not included in the Web-based platform. Through this the user can be able to perform a wide variety of tasks such as executing an order, closing a position quickly, getting the required information fast and searching for company fundamentals such as dividend yields or PE ratios. The understandability of simple and basic commands makes it an excellent feature. It is rated 4 out of 5 stars.
Desktop Trading Platform
IB’s Desktop Platform has some advanced features and options for customization. It considered ideal when used by advanced traders instead of beginners as the user interface is a little bit complex. On the desktop platform, there is an availability of many functions for TWS.
With the help of the Interactive Brokers desktop trading platform, users can replicate the desired ETF, make a trade via chatbots and much more. It also has the same number of languages as the Web-based platform. However, due to the complexity of this, it is highly suggested to be used by skilled and advanced users only, as people with lesser experience cannot be able to gain much using this. Unlike the Web-based Platform, the desktop platform is highly customizable.
The desktop trading platform also has a similar two-step authentication based safe login experience like the Web-based platform and the Mobile App.
The search function is a little bit weaker as it becomes difficult for the user to filter out the unwanted results. In simple words, the search function is not as effective as it would be in others. One can be able to get the necessary accurate results by using the Chatbot.
While placing the orders, the functions are just spectacular and the user has a huge number of options. Some of the functions are best compatible with advanced and professional traders.
The order types consist of ‘Market, Limit, Stop, Stop Limit, Market on Close, Market on Open, Limit on Close, Trailing Stop, Trailing Stop Limit, Discretionary, Bracket and Forex Hedge’. It also consists of order terms such as ‘Day Order, Good till canceled, At the Open, Immediate or Cancel, Good till Date/Time and Good after Date/Time’.
Using the Configuration Panel, the user has the ability to set up the alerts and notifications through email, SMS or pop-ups. Alerts and notifications can be created for updates such as Changes in the Price, Daily Profit/Loss, Execution of Trades, etc.
|
| Web-based Platform | Mobile App | Desktop Trading Platform |
| Pros | User-Friendly Secure Login | Chatbot Good Search features Secure Login | Huge collection of order types Different types of alerts |
| Cons | Limited features for customizability | Complicated for beginners | Poor search results |
| Rating | 4/5 | 4/5 | 3/5 |
Interactive Brokers Resources
Research
There is a tool known as Probability Lab, which is built into the TWS. It is highly beneficial to the options traders so that they can compare market outlook according to the current conditions and suggestions are made on the strategies that can be traded.
The clients are offered free research from 100 providers such as ‘Alexandria Social Sentiment, Market Realist, Zacks, TipRanks, ValuEngine, Dow Jones and much more’. You can compare and select the companies based on your necessities with the help of ESG ratings from ‘Thomson Reuters’. Subscriptions to premium research can be bought with discounted prices on Interactive Brokers.
Good quality news flow is provided within the IB. An excellent choice of analytical tools. Availability of fundamental data. The charting feature has more than 100 technical indicators. Access is provided to news, daily summary and an economic calendar. Recommendations and news are provided by third parties.
You can find it difficult to get results such as ‘viewing the Top Ten holdings for a respective ETF, navigating TWS to conduct stocks, ETFs, bonds, and mutual funds.’ Having to learn the process of navigating TWS in order to find the required information may be difficult for some users. Basic research can be different from other brokerage firms. You must be a professional trader in order to use all the research tools available on the Interactive Brokers.
Analysis
The Portfolio Analyst service is the best and helps to get the user’s financial accounts to perform intensive analysis. The Risk Navigator tool of IB’s Portfolio Managing Service, lets the user test their portfolio in order to see how the changes in the market would affect the holdings of the respective user. The non-customers of the firm are also able to link their individual accounts and get reports. Custom benchmarks also can be created in order to compare the returns.
Education
Interactive Brokers offer Demo account, Online courses, Webinars, Educational videos, Platform tutorial videos, and glossary. IB conducts 250 live webinars every year and they have up to 900 previously recorded webinars, which can be used by the investors with less experience to gain information on various topics regarding the trading. Trader’s Insight provides huge educational content on various topics and different market sectors.
What are the fees and costs for trading on Interactive Brokers?
Two Pricing plans are available for Investors in Interactive Brokers which are ‘IBKR Pro and IBKR Lite’. IBKR Pro is suitable for Advanced Professionals and IBKR Lite is best for casual traders.
Interactive Brokers imposes various fees for trading, encompassing commissions, market data fees, and activity fees, with the specific charges contingent on factors such as the account type, trading platform, and the securities involved.
Monthly market data fees are applied by Interactive Brokers, with variations depending on the type of data and the exchange. As an illustration, the fee for the US Securities Snapshot and Futures Value Bundle is 10 USD per month.
A minimum activity fee of 10 USD per month is levied by Interactive Brokers, although this fee is exempted for accounts maintaining a balance of at least 100,000 USD or for accounts generating a minimum of 10 USD per month in commissions.
It is imperative to thoroughly examine the up-to-date specific fees and charges associated with the relevant account type and trading platform, accessible on the website.
IBKR Stock Trades
The Standard price of US Stock trades is $0.005 per share, with the minimum being $1.00 and the maximum being 0.5% of the whole value of the trade. hence, It depends on the volume of the trade. ETF fees are also of the same price as the stock fees.
| Market | Commission | Minimum | Maximum |
|
USA
| $0.005 per share | $1 | 1% of the value of trade |
|
Canada
| CAD 0.01 per share | CAD 1 | 0.5% of the value of trade |
|
Mexico
| 0.1% of the value of trade | MXN 60 | No |
| UK (up to £50,000 in the volume of trade) | £6.00 | £6 | £6 |
| UK (more than £50,000 in the volume of trade) | £6.00 + 0.05% of the trade value | £6 | £29 |
|
Belgium, France, Xetra, Italy, and The Netherlands.
| 0.1% of the value of trade | €4 | £29 |
|
Switzerland
| 0.1% of the value of trade | CHF 10 | No |
|
Spain
| 0.1% of the value of trade | €4 | No |
|
Austria
| 0.1% of the value of trade | €4 | €120 |
|
Poland
| 0.1% of the value of trade | PLN 15 | No |
|
Norway, Sweden
| 0.05% of the value of trade | NOK/SEK 49 | No |
|
Portugal
| 0.15% of the value of trade | €6 | No |
|
Estonia, Latvia, Lithuania
| 0.2% of the value of trade | €10 | No |
|
Hungary
| 0.1% of the value of trade | HUF 200 | No |
|
Australia
| 0.8% of the value of trade | AUD 6 | No |
| Hong Kong | 0.8% of the value of trade | HKD 18 | No |
|
Japan
| 0.8% of the value of trade | JPY 80 | No |
|
India
| 0.01% of the value of trade | SGD 2.5 | No |
IBKR Options Trades
The costs of options trades for which the Contract price is greater than $0.10 would be $0.70 per contract, for lesser than $0.10 and greater than $0.05 it would be $0.50 per contract and for a price less than $0.05 would be $0.25 per contract. In all the cases, the minimum is $1.00 and no maximum.
| Market | Comission | Fees |
|
US (monthly contracts <=10,000)
| $0.70 per contract | $1.0 |
|
Canada (monthly contracts <=10,000)
| CAD 1.25 per contract | CAD 1.5 |
|
Mexico (AMXL)
| MXN 25 per contract | MXN 25 |
|
UK
| £1.7 per contract | £1.7 |
|
Germany
| €1.5 per contract | €1.5 |
|
Belgium, France
| €1.5 per contract | €1.5 |
|
Italy
| €3.0 per contract | €3.0 |
|
Netherlands
| €1.5 per contract | €1.5 |
|
Norway
| NOK 12 per contract | NOK 12 |
|
Spain
| €0.8 per contract | No |
|
Switzerland
| CHF 2.8 per contract | CHF 2.8 |
|
Australia
| AUD 2.0 per contract | AUD 2.0 |
|
Hong Kong
| HKD 30 per contract | HKD 30 |
|
India
| 0.01% of the value of trade | INR 6 |
|
Japan
| 0.12% of the value of trade | JPY 100 |
|
Singapore
| $2.85 per contract | $2.85 |
|
South Korea
| 0.2% of the option value | KRW 1,000 |
IBKR Futures Trades
The pricing for the Futures Trades is also volume-based and the price per contract would be $0.85 per contract.
|
| Interactive Brokers |
| The USA | $8.5 |
| The UK | $24.7 |
| Germany | $22.8 |
IBKR Forex Trades
The Forex Trades are charged with a commission on Interactive Brokers and the commission depends on the amount that is traded monthly. If there is an increase in the monthly traded amount, then there would be a decrease in the commission rates. For the monthly traded amount less than 1,000,000,000 the commission is 0.20 based on the point of trade value.
| Amount Traded every month | Commission | Minimum |
| USD <= 1,000,000,000 | 0.20 basis point on the value of the trade | $2.00 |
| USD 1,000,000,001 – 2,000,000,000 | 0.15 basis point on the value of the trade | $1.50 |
| USD 2,000,000,001 – 5,000,000,000 | 0.10 basis point on the value of the trade | $1.25 |
| USD > 5,000,000,000 | 0.08 basis point on the value of the trade | $1.00 |
IBKR Bond Trades
IBKR Bond Trade fees are considered to have the best prices when compared to that of the other competitors in this field. It also based on the volume of the trade. For a $10,000 trade, the fees would be $5.0.
| Bonds | Volume | Commission | Minimum | Maximum |
|
US Corporate
| Face Value less than or equal to 10,000 | 0.1% * Face Value | $1 | 1% of the trade value |
|
US Treasuries
| Face Value less than or equal to 1,000,000 | 0.02% * Face Value | $5 | No |
|
Europe
| Trade Value less than or equal to 50,000 | 0.1% * Trade Value | €2 | No |
| Hong Kong Government | Trade Value less than or equal to 15,000,000 | 0.08% * Trade Value | HKD 18 | No |
IBKR CFD Trades
The commission fees of CFD trades at Interactive Brokers is around $0.005 per share with a minimum of $1.0 if the monthly traded amount is less than $300,000.
IBKR Crypto Trades
The commission per one Bitcoin Futures contract is $10 on CME and $5 at CBOE. The trading costs of Bitcoin and Ether ETNs are0.05% and the minimum amount is SEK 49.
IBKR Lite Fees
IBKR Lite does not charge any kind of inactivity fees or data fees. Pricing is the same as the IBKR Pro pricing. Investors may not be able to access the TWS using IBKR Lite. Trades can only be made through the Mobile App or the Client Portal.
The Annual Management Fees is priced around 0.8% to 1.5% based on the portfolio regardless of the commission fees. Unless the Investor maintains a $100,000 balance in the account or spends $30 minimum every month, He/She will be charged with the inactivity fees which may be charged up to $20 every month.
For the clients who hold more than a million dollars in their account with the firm, the margin rates vary from 3.68% to 2.68%. If the client withdraws more than once per month, they would be charged with a price of $10 per withdrawal. Withdrawal can be made only via bank transfer if you are from outside of the USA.
Interactive Brokers Safety
How does Interactive Brokers ensure security for its clients?
The following are some of the many methods Interactive Brokers uses to keep its customers safe:
- By utilizing cutting-edge encryption technology, Interactive Brokers protects its clients’ data throughout transmission and storage.
- The US SEC and the UK Financial Conduct Authority are just two of the regulatory bodies over which Interactive Brokers must keep a close eye. The rules set very strict requirements for safety and conformity.
- Interactive Brokers offers a set of recommended cybersecurity procedures for clients to adopt. Implementing strong passwords, enabling multi-factor authentication, and performing routine software updates to patch previously discovered security holes are all recommended.
- Securities Investor Protection Corporation (SIPC) provides up to $500,000 in coverage (with a cash sublimit of $250,000) for clients’ securities accounts held at Interactive Brokers. In addition, the daily amount of cash and securities held for client benefit is calculated by the enhanced client protection program and then segregated.
- By being open and honest about its cybersecurity practices and its compliance with applicable regulations, Interactive Brokers demonstrates its dedication to openness. By being so open and honest, customers have a deeper appreciation for the safeguards in place to keep their money safe.
Interactive Brokers Customer Support
There are different ways to contact the customer service which are Using a Telephone, Through an email and via Live Chat. Interactive Brokers has one of the best Customer Service features than many other competitors in this field. The customer service is available in many languages.
Live Chat
It is certainly the most efficient way in order to approach the customer service team. The Chatbot feature lets you save time more efficiently than other features giving quick results. If are not willing to wait for receiving an email or waiting on the phone line to get connected, The Live Chat would be the most effective way for you to get faster results. It would take around 1-3 minutes to connect to the Live Chat, but once you get connected to it there would be faster results.
Telephone Support
Not as effective as Live Chat, Telephone is also a good way to approach customer support regarding any issues or queries. Although it would take some time to get connected due to a long queue of customers, the telephone support would also be a better way when compared to the email service. On average, it would take around 1-2 minutes of time for you to reach the customer service using telephone support unless there is a long line of customers waiting to reach them.
Email service is also better when compared to others. The design for email support is a little bit old fashioned and wouldn’t be liked by many customers. Through email support, the user might be able to get the customer care response within a day or so. In the worst-case scenario, it might take up to 4 days.
User can be able to get relevant results from the customer service team within 1-2 minutes of time using the Live Chat or the Phone Support on an average. They are available 24/7.
Pros and cons of Interactive Brokers
Interactive Brokers stands out as a highly acclaimed brokerage firm famous for its selection of tradable assets, cost-effective commissions, and top-notch trading systems. The company has received a lot of praise for its extensive range of securities, powerful set of research tools, and high standard of order execution.
The debut of bitcoin trading only adds to its allure. Users should examine these elements based on their unique tastes and requirements while considering Interactive Brokers for their financial operations.
Downsides of using Interactive Brokers encompass the intricate nature of information and navigation on the platform, potentially posing challenges for novice or less experienced traders. Additionally, Canadian investors using Interactive Brokers do not have access to certain account types, including Non-Registered Account, Tax-Free Savings Account (TFSA), and Registered Retirement Savings Plan (RRSPs).
Furthermore, users may find its fee schedule complex. These factors should be considered by users when evaluating the platform for their specific needs and preferences.
Final Thoughts
Interactive Brokers is not the easiest platform to use, especially for newcomers, due to a lack of intuitive interfaces and thorough onboarding materials. Individuals with less experience in trading may struggle with the complex user interface and the relative dearth of handholding capabilities.
The low costs, wide assortment of tradable assets, and powerful research and online investing tools offered by Interactive Brokers make it stand out in the industry, notwithstanding the difficulties faced by novices.
Due to these features, the platform is best suited for skilled and active traders who are comfortable with navigating complex trading platforms and can make the most of the platform’s strengths in their trades. Prior to determining if the platform is suitable for their trading needs, prospective users must take into account their level of expertise and familiarity with complex interfaces.
Further Reading:
DIY Investing and Platforms for Beginners: Does it Work?
Pained by financial indecision?
Adam is an internationally recognised author on financial matters with over 830million answer views on Quora, a widely sold book on Amazon, and a contributor on Forbes.
