Interactive Brokers Review 2018 – Great for Experienced Traders

Even those from the United Kingdom were not satisfied with their service based on our extensive research.

You may lose more than your initial investment. The goal is for this to be a place where they can do business together. 

Wide Range of Investments — If you're looking for forex, precious metals, futures, penny stocks, bonds, mutual funds, ETFs, and options as well as traditional stocks, you're in luck. Bottom line, the focus of WebTrader is to monitor portfolios and manage orders; it is not designed to be used as a standalone.

Market Data Subscription Minimum Equity Balance Requirements 

May 08,  · I am currently using Interactive Brokers. My individual account grows to $K size now. I am thinking that different brokers specialize in different account size.

Back then, the company dealt securities in a more traditional manner. By , Interactive Brokers had become a fully fledged electronic trading platform.

How Does Interactive Brokers Work? As we stated in the beginning, Interactive Brokers is a no-frills trading service. In fact, beginning or casual investors might find the service overwhelming.

Interactive Brokers uses several different trading platforms. TWS allows users to monitor trades in real time, maintain watchlists and receive alerts. Compared to the other desktop platform, WebTrader, it is feature-rich. However, WebTrader still allows users to access some features such as charting and news feeds. WebTrader will also work with Windows-based mobile devices. You can switch between interfaces whenever you like. Interactive Brokers offers two pricing models: With fixed-rate pricing, all exchange and regulatory fees are included.

However, these rates do not include exchange, regulatory or clearing fees. Through their trading platform called Trader Workstation, or TWS for short , users can trade in over 24 countries on more than market centers for bonds, forex, stocks, bonds, ETFs, futures and options.

The brokerage claims there are over 60 types of order types supported. Users also have the option to make trades via their IB brokers app. Traders also have the option to bypass this open and instead direct orders to a preferred exchange manually. Interactive Brokers also offers other features such as comprehensive reports which includes transaction cost analysis, real-time trade confirmations, margin details and tax optimization.

They provide tools such as the Option Strategy Lab that allows users to create multi-leg option orders based on price preferences and volatility forecast.

Interactive Brokers Is Best For… Expert or advanced traders Traders who have a large amount of money to invest Options traders Traders who want to open a margin account Traders who want to trade penny stocks Pros and Cons Offers the lowest margin rates of any broker Wide variety of products and services Low commissions for ETFs and stocks Robust trading platform: Fast and includes a customizable dashboard Cons: In general though, fees differ depending on whether or not you choose fixed or tiered pricing.

Here is an example of their pricing: Fixed pricing for stocks and ETFs: Opening an Account The process to open an account depends on the type you plan on opening and your country of residence. For individuals, the minimum age is 18 to open a cash account, but you need to be at least 21 to open a margin account.

Interactive Brokers also require individual account holders prove that they have fairly extensive knowledge on products they want to trade. That means you have to have executed at least trades any product type will do or simulated trades using their demo software. Users will also need to meet the minimum equity deposits. For all accounts, you will need to provide documents that prove you or your institution's identity, proof of address, and funding information.

 

Compare Interactive Brokers 

Deficit for the Group of Client Accounts = Maximum ([total minimum charge for all client accounts*] – [total commissions for all client accounts], 0) *The standard minimum activity fees are applied to each account based on the criteria such as age, Net Liquidation Value, etc., as shown in the Single Accounts, Individuals and Small Businesses section.

23 rows · Interactive Brokers Canada Inc. is an execution-only dealer and does not . Feb 19,  · Interactive Brokers also leads the industry with the lowest margin rates, which vary from % down to a staggering % for clients who hold more than $1 million with the brokerage. Speaking of equity trades, rates start at $ per share with the fixed-rate structure ($1 minimum)/5. 

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Interactive Brokers Competitors

Jan 02,  · Accounts with balances under $, must meet a minimum of $10 a month in trade commissions, or Interactive Brokers Author: Arielle O'Shea & James Royal. Interactive Brokers, however, has a $10 monthly minimum commission requirement to avoid a $10 monthly inactivity fee ($20 monthly if account balance is less than $2,) and $10 monthly market data fee/5.

Interactive Brokers fees: You get charged if you have an inactive account High account minimums (as of December the minimum is $10,, though users under 25 years old have a minimum of $3,) Can be a steep learning curve to use platform for less experienced traders. May 08,  · I am currently using Interactive Brokers. My individual account grows to $K size now. I am thinking that different brokers specialize in different account size.

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