Interactive Brokers Review 2022
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| IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only. | ||
Interactive Brokers is broker that offers traders CFD, Forex, Cryptocurrency, Stocks, Futures, E-minis and Options. Surprisingly, Interactive Brokers does not support either of the enormously popular MetaTrader platforms (4 and 5).
In terms of features offered to traders, Interactive Brokers has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.
Interactive Brokers also gives traders access to 4 cryptocurrencies: BTC, LTC, ETH and XRP.
Careful traders will be pleased to know that Interactive Brokers is licensed to provide trading services by multiple regulatory bodies, 4 in fact, including the FCA.
Interactive Brokers Summary
IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
Ratings
| Bonus | None |
|---|---|
| Instruments | CFD, Forex, Crypto, Stocks, Futures, E-minis, Options |
| Demo Account | ✓ |
| Min. Deposit | $10000 |
| Min. Trade | $100 |
| Regulated By | SEC, FCA, IIROC, SFC |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✓ |
| ECN Account | ✗ |
| Mobile Apps | iOS, Android and Windows |
| Auto Trading | ✗ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
CFD Trading
| Leverage | 1:50 |
|---|---|
| FTSE Spread | 0.005% (£1 Min) |
| GBPUSD Spread | Commission (.20 pts x trade value) |
| Oil Spread | N/A |
| Stocks Spread | From 0.003 per share, variable |
Forex Trading
| GBPUSD Spread | Commission (.20 pts x trade value) |
|---|---|
| EURUSD Spread | Commission (.20 pts x trade value) |
| EURGBP Spread | Commission (.20 pts x trade value) |
| Assets | 70+ |
Cryptocurrency Trading
| Spread | |
|---|---|
| Coins | BTC, LTC, ETH, XRP |
Payment Methods
Interactive Brokers accepts the following payment methods:
- Mastercard
- Cheque
- Credit Card
- Apple Pay
- Samsung Pay
- Google Pay
- JCB Card
- ACH Transfer
FAQ
Is Interactive Brokers Safe?
Yes, we gave Interactive Brokers a high 90% trust score in our review and believe traders should be safe here. One of the main positives for Interactive Brokers is that they're regulated by our own Financial Conduct Authority (FCA) here in the UK.
Does Interactive Brokers Accept PayPal?
No, Interactive Brokers does not accept PayPal payments.
Is Interactive Brokers Halal?
Probably not, as Interactive Brokers does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
Is Interactive Brokers Regulated?
Yes, Interactive Brokers is regulated by 4 different regulators: SEC, FCA, IIROC and SFC. Most importantly, they're regulated by our own strong FCA here in the UK.
Interactive Brokers vs Other Brokers
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| IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only. | ||