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Chris Cammack
Edited by Chris Cammack
Author

Interactive Brokers Broker Review

4.31
/ 5
Min deposit
USD 1
Regulated By
ASIC, CFTC, FCA, CIRO, MAS (
SFC
)
Trading Cost
USD 5.40
Leverage
50:1
Copy Trading
Yes
Platforms
Clientportal, IBKRmobile, Trader Workstation
Instruments
Bonds, Cryptocurrencies, Stock CFDs, ETFs, Forex (
Futures, Indices, Shares
)
Accepts American Clients. Starting spread EUR/USD 0.1 pips on trading account with lowest minimum deposit. Max leverage 50:1. Trader Workstation and IBKR trading platforms supported. Interactive Brokers is regulated by the FCA, CFTC, ASIC, MAS, and the IIROC.

Our Verdict on Interactive Brokers

Founded in 1977 and listed on the NASDAQ, Interactive Brokers is one of the best-regulated brokers in the industry. Ideal for sophisticated, active traders, Interactive Brokers is in a league of its own with the astounding number of assets on its books and its feature-rich platforms. However, its website, complicated account structure, and unusual trading rules may leave less experienced traders reeling. 

Interactive Brokers’ world-class research, trading tools, and education will leave traders of all experience levels satisfied, and consistent with its excellent reputation, Interactive Brokers’ trading costs are some of the lowest in the industry. Spreads start at 0.1 pips (EUR/USD) in exchange for a round turn commission of 4.4 USD.  

However, under the U.S.-regulated entity, traders will only be able to open a margin day trading account if they deposit more than 25,000 USD. Another complaint traders may have is that Interactive Brokers does not offer third-party platforms like MT4 and MT5.

Pros

  • Well regulated
  • Low minimum deposit
  • Tight spreads
  • Wide range of assets

Cons

  • Complicated website
  • No MT4
  • MT5
  • or cTrader
Trust Rating
5
Trading Conditions
5
Platforms
4
Education
5
Beginner Friendly
4
Assets Available
5
Analysis Research
5
Deposit & Withdrawal
1
Overall Rating
4.31
/ 5
Base Currencies
AUD, USD, EUR, GBP, SGD, CAD
Number of FX Pairs
115
Crypto Pairs
4
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
No
Account Name
IBKR pro
Commission
4.4 USD / lot
EUR/USD
0.10
GBP/USD
0.40
USD/JPY
0.20
Negative Balance Protection
Yes
Company Name
Interactive Brokers U.K. Limited
Founded
1977
Website Language
English
Support Language
English
Office Locations
USA, United Kingdom, China, Canada, Australia, India, Japan, Luxembourg
Support Email Address

Deposit & Withdrawal

ach
banktransfer
bpay

Supported Platforms

Clientportal
IBKRmobile
Trader Workstation

Meet the Experts Behind Our Unbiased Reviews

Alison Heyerdahl

Senior Financial Writer

Alison Heyerdahl

Alison joined the team as a writer in 2021. She is the Senior Financial Writer for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.

Chris Cammack

Head of Content

Chris Cammack

Head of Content at FxScouts since 2019, Chris Cammack ensures all content meets our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.

Ida Hermansen

Financial Writer

Ida Hermansen

Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.

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