Broker Details
Minimum Trade Size: | 0.25 |
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Maximum Leverage: | 40:1 |
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Minimum to Open Live: | $25,000 |
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Established: | 1978 |
Address: | One Pickwick Plaza, Greenwich, CT 06830, United States |
Contact: | Unknown |
Regional offices: | |
Regulators: | ASIC #AFSL: 453554, IIROC #, SFC #, SEBI #INZ000217730, CSSF #, FCA #208159, FINRA #, SEC # |
Prohibited countries: | Unknown |
Trading platforms: | TWS |
Web Trading: | Unknown |
Mobile Trading: | Unknown |
Currencies: | (20+) |
Cryptocurrencies: | |
CFD: | (4890+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Other Commodities |
Deposit Methods: | Bank Wire, ACH (Automated Clearing House), BPAY, Check, Direct Debit, Local Bank Deposits, Transfer from Existing Broker |
Withdrawal Methods: | Bank Wire, ACH (Automated Clearing House), BACS (Bankers' Automated Clearing Services), Check, Direct Debit, EFT (Electronic Funds Transfer), GIRO (General Interbank Recurring Order), SEPA (Single Euro Payments Area) |
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Traders Reviews
They will rob your money. Stay away from Interactive Brokers,
2- Quotes are always delayed even if you subscribe to real-time market data. If you complain, they tell you bla. bla. bla. Instrument price is always 15 to 20 cents higher or lower than market price so they can move the spread against you.
3- Wherever your stop is placed, they go get it then the price goes back to the real market price.
4- They will charge accrued interests on forex trades for positions you have closed already.
5- The high and low of day / hr is always different from market by 15 or 20 cents.
6- Their Mosaic trading platform glitches and freeze.
7- Extremely poor customer service. Their representatives are well trained to give you no clear answer and put your call on hold for as long as you hang up.
Overall they will rob you out. You'll never make money with interactive brokers.
Sales Rep Blew the Sale
IB provides a loser environment for day trading
Simply horrible. You simply cannot make money with all these things stacked against you with trading with IB . . STAY AWAY FROM Interactive Brokers!!!
There are other costs beyond commissions
Good Solid Broker
I filed a complaint against IB and it was like a circus in the making. Some manager got on the phone, tried to recite the facts as he had received them from someone else, and these facts were 100% incorrect. They attempted to put the blame on me, saying I had placed the trade myself and it had nothing to do with anything that IB did or did not do. It was like talking to a bunch of idiots who could not tell anyone which way was up or which way was down; I could tell it was a scam in the making and all the complaining I did was to no avail. I immediately closed my account and have told as many people as possible about their practices and I will say it again. If you are looking for an honest, reliable brokerage, go look somewhere else. These guys are looking for excuses to scam their clients and do it in a way that they feel the client has no recourse but arbitration. The worst, most obscene excuse for a brokerage firm I have ever had the occasion of dealing with. I say, AVOID THESE CHARLATANS AT ALL COST, OR YOUR TRADING ACCOUNT WILL SUFFER!
Frequently Asked Questions
What is the minimum deposit for Interactive Brokers?
There is no minimum deposit required by InteractiveBrokers for both IBRK LITE and IBRK PRO.
How much does Interactive Brokers charge per trade?
InteractiveBrokers charges a tiered commission based on the combined Monthly Trade Value of Spot Forex trades.
Commissions: 0.20 *0.0001 * Trade Value
Minimum per order: USD 0.20
Monthly Trade Value: USD 1,000,000,001 - 2,000,000,000
Commissions: 0.15 *0.0001 * Trade Value
Minimum per order: USD 0.15
Monthly Trade Value: USD 2,000,000,001 - 5,000,000,000
Commissions: 0.10 *0.0001 * Trade Value
Minimum per order: USD 0.125
Monthly Trade Value: USD > 5,000,000,000
Commissions: 0.08 *0.0001 * Trade Value
Minimum per order: USD 0.10
Does Interactive Brokers charge a dormant account fee (inactivity fee)?
Whether Interactive Brokers charges a monthly inactivity fee or not depends on the account type.
- IBKR Pro Accounts:
IBKR Pro accounts are subject to a monthly activity fee of USD 10 (USD 20 if the account balance is USD 2,000 or below).
If any fee, withdrawal, transfer or adverse market move reduces the account balance to USD 0, the account will be automatically closed.
- IBKR Lite Accounts:
IBKR Lite accounts, however, are not subject to a monthly minimum activity fee.
What is IBKR Lite in Interactive Brokers?
IBKR Lite is an IBKR pricing plan that boasts below features.
- Unlimited, commission-free trading in US listed stock and ETFs
- Access to global markets
- Trading via Client Portal, IBKR Mobile and Trader Workstation (TWS)
- No account minimums and no inactivity fees.
Who is eligible for Interactive Brokers' IBKR Lite?
The IBKR Lite is offered with some restrictions. See the explanations below.
- To direct US clients
- Any client of an Introducing Broker (not omnibus brokers)
- Direct accounts have to be natural person (i.e. cannot be Legal Entity, Org, etc.).
- For standalone trust accounts, all trustees/beneficiaries on the account must be natural persons.
- For trust accounts that are under an advisor, the trustees/beneficiaries may be legal entities.
I lost all my hard earned money.
They developed an AI algorithm which tracks the small retail traders finds out their stop loss zone or their preset to hit the stop loss.
The moment you get stopped out, you can see level At level 2 and Tape the price will fly.
My expensive lesson learned: don’t get attracted by low commissions. This people are really high tech robbers.