Interactive Brokers Review 2021
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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 provides access to 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.
Careful traders will be reassured knowing that Interactive Brokers is licensed to offer trading services by several regulators, 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
| Bonus | None |
|---|---|
| Instruments | CFD, Forex, Crypto, Stocks, Futures, E-minis, Options |
| Demo Account | ✓ |
| Min. Deposit | $10000 |
| Min. Trade | $100 |
| Regulated By | SEC, 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
| Leverage | 1:50 Var |
|---|---|
| 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+ |
Payment Methods
Interactive Brokers accepts the following payment methods:
- Mastercard
- Cheque
- Credit Card
- Apple Pay
FAQ
Is Interactive Brokers Safe?
Yes, we have given Interactive Brokers a high 80% trust score in this 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 dependable 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.
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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. | ||