Interactive Brokers Review 2021

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, 2 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

80%
Trust
100%
Instruments
14%
Features
BonusNone
InstrumentsCFD, Forex, Crypto, Stocks, Futures, E-minis, Options
Demo Account✓
Min. Deposit$10000
Min. Trade$100
Regulated BySEC, FCA
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

Leverage1:50 Var
FTSE Spread0.005% (£1 Min)
GBPUSD SpreadCommission (.20 pts x trade value)
Oil SpreadN/A
Stocks SpreadFrom 0.003 per share, variable

Forex Trading

GBPUSD SpreadCommission (.20 pts x trade value)
EURUSD SpreadCommission (.20 pts x trade value)
EURGBP SpreadCommission (.20 pts x trade value)
Assets70+

Cryptocurrency Trading

Spread
CoinsBTC, LTC, ETH, XRP

Payment Methods

Interactive Brokers accepts the following payment methods:

  • Mastercard
  • Cheque
  • Credit Card
  • Apple Pay
  • Samsung Pay
  • Google Pay
Risk Warning – Your capital is at risk

FAQ

Is Interactive Brokers Safe?

Yes, we gave Interactive Brokers a high 80% 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 2 different regulators: SEC and FCA. Most importantly, they're regulated by our own strong FCA here in the UK.

Interactive Brokers vs Other Brokers

If you want to compare Interactive Brokers with other brokers, use the detailed comparisons below.

Interactive Brokers vs
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.