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Interactive Brokers Reviews and Comments written by real traders

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  11 Oct 2023
Interactive Brokers, heralded by many as a promising investment gateway, caught my attention with its plethora of tools and features. When I first dived in, I was required to part with a sizeable minimum deposit of around $2,000. Naturally, with such an investment, I came in with high expectations: anticipating impeccable service, a flawless trading terminal, and terms fit for a king. However, my experience was a cocktail of satisfaction and disappointments. For instance, certain stocks seemed inaccessible, the account structures were somewhat puzzling, and what truly baffled me was the absence of PAMM accounts. For a company pitching itself primarily for investments, this felt like a glaring omission. Yet, it wasn't all stormy seas. There were moments of calm too. The investment portfolio, for instance, proved to be a silver lining. Over a span of a couple of years, it allowed me to amass a decent return. While I did face a protracted withdrawal process that took months, the endgame was positive: I received my earnings. Having since transitioned to another broker, my take on Interactive Brokers is that while it's okay for a platform to lack certain tools, it should never compromise on delivering stellar service and conducive trading conditions. A platform is only as good as the experience it provides, after all.
  7 Sep 2023
Interactive Brokers, while renowned in many circles, can be quite a challenging terrain for those just dipping their toes into the trading world. I ventured into opening an account with them, buoyed by the news that deposit restrictions had been lifted. However, be warned: the easing of restrictions doesn't necessarily translate to reduced minimum deposits. In my journey with them, I often felt that the company was quick to point fingers at clients, insinuating errors or supposed violations on our part. One can't help but notice the broker's evident inclination towards the US and Canadian markets, often sidelining their European clientele. The chatter among the trading community also revealed some pervasive issues. A recurring grievance pertains to the verification process. I can personally attest to the frustrations of being asked to submit documents more than once. While this might seem tedious and redundant, if faced with this situation, it's pragmatic to comply. It's better to jump through a few bureaucratic hoops than to risk your capital. In conclusion, my two cents for budding investors and especially newcomers: Interactive Brokers might not be the most nurturing ground to start your trading journey. It might serve you better to align with a broker that is not only more attuned to your needs but also more congenial in their business interactions.
  19 Aug 2023
The world of trading is as vast as it is varied, and the conversations surrounding Interactive Brokers exemplify this diversity. With a trading history spanning seven years, I found myself curious to explore this brokerage house, often touted as one of the big players in the game. First and foremost, let's establish the nature of Interactive Brokers. It's a platform primarily tailored for those who harbor a genuine intrigue for diving deep into the nuances of a multitude of assets. If you're searching for a one-size-fits-all approach to contracts and trading, this might not be your haven. However, where it shines is in its sheer expanse of market access - with opportunities spread across over a hundred global markets. For an inquisitive trader like myself, this feature alone holds immense value. One aspect that sets Interactive Brokers apart is the sheer volume of information and resources it offers its clientele. It's a treasure trove for those willing to navigate its depths. For anyone with an account here, I can't stress enough the advantages of leveraging these resources to their fullest potential. However, a word to the wise for those seeking a more streamlined investment journey: there are other brokerage platforms out there that offer PAMM accounts or copy trading services. Such platforms can provide a more simplified and hands-off approach to trading. In summary, my experience with Interactive Brokers has been largely positive, albeit with a steep learning curve. But as with all things in trading, your mileage might vary based on your goals and investment style.
  15 Jun 2023
I would like to draw your attention to the fact that Interactive Brokers is officially working. This is not one of the thousands of scammers who swindle novice traders every day. The company is regulated by the FSA, IIROC, CFTC, SEC, and its license number is not a secret to anyone. I think that after that you will definitely be convinced that Interactive Brokers are not fraudsters, but provide real access to world markets. My feedback is positive. I have been dealing with this company for a year and a half. made more than ten withdrawals, I withdraw funds almost every month. Did I have any problems? - Yes. Have these issues been resolved? - Yes.
  10 May 2023
I read reviews here and also decided to write a review about Interactive Brokers. now all brokers offer tight spreads, but here they really are. The real spreads of this broker are about 1.5 pip for EUR/USD (10-15 pips if five-digit). I am not one of those who believe that these are high spreads, it is more important for me that in a calm market they do not give 5-6 points, and even more, in my understanding this is already too much. On the news, of course, more, this is clearly not a scam, but the realities of trading. Another thing that says a lot to me is that there are both positive and negative slippages, and not just negative ones. Not every broker can boast of this.
  25 Jul 2016
The best experience I have ever had. In my opinion, the bigger company, the more services with fewer commissions you get. The same I would say about IB. The biggest aggregator of all kinds of brokerage services. Everything is great except minimum balance for trading. You have to deposit minimum $5K to start trading. Believe me, you can find something better in terms of one service from another broker, but you won’t find better as a complex of all available services for trading and investment in one place. Interactive broker is for those who want access to most trading instruments and exchanges. I never had something like widen spreads or slippages. API for external platform is working perfectly. I have stable execution whether I use my own platform or trade manually through their platform.
  16 Mar 2007
And up from me !
  23 Feb 2007
I used them for a couple of years, never had any problems. Thumbs up from me.
  15 Feb 2007
Bad customer service, nothing but sarcasm and bullshit.
Took five days to process my funds withdrawl.
NFA and CFTC complaints pending.
  15 Jan 2007
very good
Interactive Brokers Information and Review
Interactive Brokers

As 2023 dawned, Interactive Brokers proudly marked its 46th anniversary in the broker/dealer landscape. Born from a vision to revolutionize the financial industry, today, the firm stands tall with a consolidated equity capital exceeding $12.7 billion. Our guiding principle remains steadfast: To harness cutting-edge technology, ensuring liquidity under superior conditions. Our prowess is defined by our competitive edge in pricing, swiftness in execution, expansive offering of global products,...

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