Leverage: 1:40
Min. Deposit: $100
Platforms: TWS, IB WebTrader
Regulation: US SEC & CFTC, ASIC, FCA, IIROC, SFC, NSE, BSE, FSA
HQ: Greenwich, USA
Found in: 1977
Interactive Brokers Licenses:
- Interactive Brokers LLC – authorized by SEC & CFTC (US)
- Interactive Brokers Canada INC – authorized by IIROC (Canada)
- Interactive Brokers Australia PTY LTD – authorized by ASIC (Australia) registration no. ABN 98 166 929 568
- Interactive Brokers (U.K.) LIMITED – authorized by FCA (UK) registration no. 208159
- INTERACTIVE BROKERSHong Kong LIMITED – authorized by SFC (Hong Kong)
- Interactive Brokers (INDIA) PVT. LTD – authorized by NSE, BSE registration no. NSE: INB/F/E 231288037 (CM/F&O/CD); BSE: INB/F/E 011288033 (CM/F&O/CD)
- Interactive Brokers Securities Japan INC – authorized by FSA (Japan)
Our Review Method:
- 55Brokers leading financial experts with over 10 years experience in Forex Trading check trading offering in detail including fees, platforms, verified licenses, contacted customer service and placed trades to see trading conditions and give expert opinion about Interactive Brokers
What is Interactive Brokers?
Interactive brokers is one of the world’s Biggest Trading brokers with sophisticated and powerful trading technology developed by the Broker, and is ranked as #1 for Professional Traders access to trade real Futures, Stocks, ETFs, Options, Forex and many more instruments.
The company’s history started back in 1977 when Chairman Thomas Peterffy brought a seat on the American Stock Exchange (AMEX) and became a trading member as an individual market maker in equity options. Since then, through many years of development and integration, Interactive Brokers or IB conducts its broker or dealer business on over 120 world market destinations and is truly one of the biggest trading providers worldwide that adhere to the trading technology development.
- So why did the Interactive Brokers gain their highest rankings and a great reputation among the traders’ community? Firstly, the general broker’s offerings are directed to competitive, client-oriented proposals through a transparent policy, low commissions, financing rates, and price executions that minimize the costs, but deliver the highest level of trading technology.
The interactive Brokers management office is headquartered in Greenwich, Connecticut, and serves its additional entities in the USA, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, Japan, India, China, and Estonia.
InteractiveBrokers Pros and Cons
From what our experts found, Interactive Brokers is one of the best and most well-regulated brokers worldwide with an excellent reputation, the account opening is smooth, technological base, trading platform and range of available instruments are also one of the best available in the industry in addition to some of lowest commissions and spreads.
- Education section, the range of available tools, customer support, and funding methods are also on the highest level.
From the negative side, we would only admit the advanced level of all proposal overall, plus quite high deposit for some accounts that makes IB more suitable for seasoned or professional traders’, also institutions.
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Advantages
Disadvantages
- Long history of operation and strong establishment
- Excellent reputation, company trusted by leading organizations
- No minimum deposit
- Great trading tools and trading technology
- Proprietary awarded software
- Low fees and commissions
- Conditions and offering vary depending on the entity and regulations
- Minimum deposit is high for some accounts
Globex360 Review Summary in 10 Points
| Headquarters | USA |
| Regulation | US SEC & CFTC, ASIC, FCA, IIROC, SFC, NSE, BSE, FSA |
| Platforms | Stocks, Options (Incl. Futures Options), Futures, Forex, CFDs , Warrants, Combinations, Bonds, Mutual Funds, Structured Products, Physical Metals, Inter-Commodity Spreads |
| Instruments | TWS, IB WebTrader |
| Cost | One of the lowest commissions |
| Demo Account | Available |
| Minimum Deposit | 100$ |
| Base Currencies | Various currencies |
| Education | Professional Trading Acedemy |
| Customer Support | 24/7 |
Overall Interactive Brokers Ranking
Based on our Expert findings, Interactive Brokers offers the best conditions and proposals in the trading market. The broker has expensive instruments choice both for CFDs/FX and Provides access to Real trading options by DMA access. The range of trading platforms is truly impressive with multiple strategies available IB is suitable for various traders including European clients, African and Asian traders, also beginning traders, and experienced looking for good technical trading solutions.
- IB Overall Ranking is 9 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
| Ranking | Interactive Brokers | XM | FP Markets |
|---|---|---|---|
| Our Ranking |  | | |
| Advantages | Market Range | Low Deposit | Low Spreads |
IB Alternative Brokers
We have to admit, that IB does have not so many negative sides, the main points are that the broker has quite high deposit requirements for some account types, and overall being one of the most sophisticated brokers it may not be very suitable for beginners, although it does offer excellent educational materials. See our list of alternative brokers as well:
- OANDA – Good Broker with Low Deposit
- MultiBank Exchange – Low Spread Broker
- Dukascopy – Good for High Leverage and Online Banking
Awards
Throughout the long operation of the Interactive Brokers Group, its constant development, and enlargement of the proposals affiliates execute over 800,000 trades per day. While the broker serves as a trusted partner with numerous clients, or global companies the broker has been recognized not only as an important player in the trading industry but been recognized timely by various awards and programs.
Is Interactive Brokers Safe or Scam?
No, is not a scam in fact Interactive Brokers is highly and very heavily regulated by international regulatory bodies around the world, due to its global presence and adherence to delivering a truly safe trading environment.
