Interactive Brokers
Product is rated as #17 in category Brokerage
| Offering of Investments | 3.5 |
|---|---|
| Commissions & Fees | 6.8 |
| Platform & Tools | 6.1 |
Company Overview
Interactive Brokers Group, Inc. was founded by its Chairman Thomas Peterffy. Now in its 46th year, Interactive Brokers is one of the premier securities firms, with $14.1 billion in equity capital. IBKR conducts its broker/dealer business on over 150 market destinations worldwide.
Description
Broker Information
| Company Name | Â Interactive Brokers |
| Company Abbreviation | N/A |
| Company Website | Â https://www.interactivebrokers.com/en/home.php |
| Company Phone | Â Â Â +1 203 618 7791 |
| Address | Â 1 Pickwick Plaza Greenwich, CT 06830 United States |
| Registered Country | Â Â Â Â United States |
| Established | Â Â 1977 |
Trading Information
| Minimum Trade Size | 25,000 USD |
| Leverage | 30:1 to 2:1 |
| Minimum Investment | $100 |
| Account Types | Individual, Joint, Trust, IRA and UGMA/UTMA Accounts. |
| Trading Instruments | stocks, options, futures, EFPs, futures options, forex, bonds, funds, and some cryptocurrencies. |
| Trading Platform |
IBKR Trader Workstation (TWS) |
| Deposit Methods | wire transfer, check, direct bank transfer (ACH) |
| Withdrawal Methods | bank transfer |
| Bonus Offers | N/A |
7.2Expert Score
Interactive Brokers
Company Overview
Interactive Brokers Group, Inc. was founded by its Chairman Thomas Peterffy. Now in its 46th year, Interactive Brokers is one of the premier securities firms, with $14.1 billion in equity capital. IBKR conducts its broker/dealer business on over 150 market destinations worldwide.PROS
- Low trading fees and high interest on cash balances.
- Wide range of products.
- Many great research tools.
CONS
- Complicated account opening process.
- Complex desktop trading platform.
- Understaffed customer service.
Reviews (6)
6 reviews for Interactive Brokers
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David Bell –
Trading is very straightforward. I had a small issue with a withdrawal today, which was resolved in seconds by very politely. I wouldn’t hesitate to recommend them. Excellent customer service.
Zoe Reed –
Commission rates are good. Technical analysis studies offered are not the best
Alexander Russell –
Straightforward pricing and no hidden fees. Customer service is good, but not great, and so only 4 stars earned out of 5.
Anvi Patel –
Interactive Brokers’ treatment of my withdrawal request was unacceptable. After increasing my deposit and trading actively for over a year, I withdrew a portion to invest in crypto, only to face a ‘Restriction Warning.’ Their accusation of currency manipulation was unfounded and unreasonable. Their lack of understanding and flexibility in handling client funds is concerning. I’ll be reconsidering my continued use of their services.
Aarush Gupta –
My experience with Interactive Brokers turned sour when I withdrew a portion of my funds for a crypto investment. They slapped me with a ‘Restriction Warning,’ claiming I was trying to manipulate currency conversions. This accusation is baseless and insulting. It’s disappointing to see such suspicion from a broker I trusted. Their rigid policies make them difficult to recommend.
Arya Patel –
Interactive Brokers gave me a hard time when I withdrew some of my own money to fund a crypto account. Despite increasing my deposit over time for more trading opportunities, they issued a ‘Restriction Warning’ and accused me of converting funds to USD just to withdraw them. This accusation is absurd and shows a lack of understanding of basic customer needs. Think twice before trusting them with your investments.