Interactive Brokers Review 2025- Words Done

Interactive Brokers Review 2025- Words Done

4.3/5

Overall Rating

$100

Min. Deposit

0.8

Spreads From

1:50

Max. Leverage

Interactive Brokers Overview

Founded in 1978 and headquartered in Greenwich, Connecticut, Interactive Brokers (IBKR) has grown into one of the most established names in the brokerage industry. With eleven global entities, each licensed by its local financial authority, the broker ensures strict regulatory oversight. Interactive Brokers Group is publicly traded on Nasdaq (ticker: IBKR) and maintains equity capital of more than $15 billion, adding an extra layer of financial stability and transparency.

Interactive Brokers gives traders access to an extensive selection of global markets, including stocks, ETFs, forex, options, futures, bonds, and mutual funds – all from a single account. This wide-ranging access, combined with ultra-low fees, makes it especially appealing to professional traders and institutions.

The broker’s platforms are known for their depth and sophistication. Its flagship Trader Workstation (TWS) and the newer IBKR Desktop offer professional-grade trading tools, advanced charting, customizable layouts, and fast execution speeds. While newer retail-focused platforms have been introduced to make the experience more accessible, Interactive Brokers remains best suited to experienced traders who want precision, flexibility, and control over their strategies.

For forex traders, Interactive Brokers stands out with direct access to global currency markets, competitive spreads, and liquidity that supports complex and high-volume trading strategies. Swing traders, day traders, and institutional investors often highlight its advanced tools, risk management features, and low-cost structure as key advantages. Beginners may find the platforms challenging to navigate, but the availability of education and research resources helps bridge the gap.

In short, Interactive Brokers continues to be a top-tier choice for serious and professional traders.

Interactive Brokers Pros and Cons

Interactive Brokers Pros:

Interactive Brokers Cons:

Interactive Brokers Summary

Overall

Trust

Investments

Fees

Platform

Research

Mobile 

Education

Beginner – Acceptable Choice

While the educational content and GlobalTrader mobile app make Interactive Brokers approachable, the TWS platform can feel overwhelming for new or casual traders. Customer service responsiveness has also been reported as inconsistent, which may frustrate beginners.

News-driven traders gain access to professional-grade market coverage, including Reuters, Dow Jones, and Bloomberg TV streaming directly through TWS. Personalized news feeds tied to your portfolio ensure you never miss critical updates that can move the markets.

Scalpers benefit from IBKR’s SmartRouting technology, which automatically searches for the best prices across exchanges and dark pools. The Market Depth tool inside TWS further enhances execution by showing real-time liquidity levels across multiple venues.

IBKR isn’t just for short-term traders – it’s also a top-tier choice for long-term investors. The platform supports stocks, ETFs, mutual funds, bonds, and even hedge funds (for accredited investors) via the IBKR Investors’ Marketplace. PortfolioAnalyst, IBKR’s portfolio tracking tool, consolidates multiple accounts into one view for detailed analysis of your overall holdings.

Interactive Brokers provides robust support for algorithmic trading, including an API that allows traders to build bots in Python and execute across stocks, forex, futures, and options. However, using the API requires some coding knowledge, which may be a barrier for those without technical experience.

Interactive Brokers is one of the best brokers for swing traders. With highly competitive margin rates on real shares and access to 150 markets worldwide, it provides endless opportunities to hold positions over days or weeks while managing costs effectively.

For active day traders, IBKR delivers low fees, lightning-fast order execution, and advanced functionality within its Trader Workstation (TWS) platform. Features like real-time scanners and customizable dashboards make it easy to spot and act on trading opportunities throughout the day.

Who is Interactive Brokers for?

When evaluating Interactive Brokers, it’s clear that the broker offers the features and tools to cater to a wide range of trading strategies. Here’s how it stacks up for different trader styles:

What Sets Interactive Brokers Apart?

Interactive Brokers is widely recognized as one of the most established and trusted brokers in the world. Its reputation is built on a combination of global market access, advanced technology, and cost-efficient pricing. Unlike many other brokers highlighted by TradeWiki.io, Interactive Brokers distinguishes itself with an unmatched variety of tradable instruments, lightning-fast execution speeds, and flexible platforms designed for both beginners and professionals.

With Interactive Brokers, traders can access virtually every major asset class, including stocks, ETFs, options, futures, bonds, mutual funds, and even cryptocurrencies. The broker connects clients to exchanges across the globe, giving them opportunities that extend far beyond local markets. This breadth of choice makes it a top pick for traders who value diversification.

Another major advantage is the choice of platforms. Beginners often start with the IBKR GlobalTrader app, which offers a streamlined way to trade stocks, ETFs, and crypto without the steep learning curve. More advanced traders, however, can leverage the Trader Workstation (TWS) platform, known for its professional-grade charting, in-depth research tools, and advanced order types.

Competitive fees are another reason Interactive Brokers remains a favorite for active traders. Its low commission structure and tight spreads make it especially appealing for cost-conscious investors, while the broker’s margin rates are some of the lowest in the industry.

That said, there are a few drawbacks to note. The account-opening process can be lengthy and may feel cumbersome compared to simpler setups. Additionally, while TWS is powerful, it can be overwhelming for new traders who may prefer starting with the more user-friendly mobile platform. Customer service, though robust, is sometimes harder to reach during peak times.

Overall, Interactive Brokers sets itself apart with its scale, innovation, and cost efficiency. Whether you’re a beginner looking to build your first portfolio or an advanced trader seeking professional-grade tools, it offers a comprehensive solution that consistently ranks among the best in the industry

What Sets Interactive Brokers Apart?

Interactive Brokers Main Features

Regulations

CFTC (United States), MNB (Hungary), CBI (Ireland), SEBI (India), IIROC (Canada), JFSA (Japan), MAS (Singapore), ASIC (Australia), SFC (Hong Kong), FCA (United Kingdom)

Languages

English, French, German, Italian, Spanish, Chinese, Portuguese, Polish, Russian, Korean, Japanese, Vietnamese, Thai, Turkish, Arabic, Indonesian, Bahasa, Hungarian

Products

Options, Currencies, Stocks, ETFs, Mutual Funds, Bonds, Indices, Commodities, Futures

Min Deposit

$0

Max Leverage

1:50 (CFTC), 1:30 (MNB), 1:30 (CBI), 1:45 (IIROC), 1:25 (JFSA), 1:20 (MAS), 1:30 (ASIC), 1:20 (SFC), 1:30 (FCA)

Trading Desk Type

DMA

Trading Platforms

Proprietary

Deposit Options

ACH, Wire Transfer, Check

Withdrawal Options

ACH, Wire Transfer

Demo Account

Yes

Foundation Year

1978

Headquarters

United States

Regulations

CFTC (United States), MNB (Hungary), CBI (Ireland), SEBI (India), IIROC (Canada), JFSA (Japan), MAS (Singapore), ASIC (Australia), SFC (Hong Kong), FCA (United Kingdom)

Languages

English, French, German, Italian, Spanish, Chinese, Portuguese, Polish, Russian, Korean, Japanese, Vietnamese, Thai, Turkish, Arabic, Indonesian, Bahasa, Hungarian

Products

Options, Currencies, Stocks, ETFs, Mutual Funds, Bonds, Indices, Commodities, Futures

Min Deposit

$0

Max Leverage

1:50 (CFTC), 1:30 (MNB), 1:30 (CBI), 1:45 (IIROC), 1:25 (JFSA), 1:20 (MAS), 1:30 (ASIC), 1:20 (SFC), 1:30 (FCA)

Trading Desk Type

DMA

Trading Platforms

Proprietary

Deposit Options

ACH, Wire Transfer, Check

Withdrawal Options

ACH, Wire Transfer

Demo Account

Yes

Foundation Year

1978

Headquarters

United States

Start Trading With Interactive Brokers

Account TypeStandard AccountRaw AccountcTrader Raw Account
Swap Free AccountYesYesYes
Suitable ForCasual TradersEAs and ScalpersDay Traders and Scalpers
PlatformsMetaTrader 4&5MetaTrader 4&5, cTrader, TradingViewMetaTrader 4&5, cTrader, TradingView
Commission*$0$7$6
Demo AccountYesYesYes
Spread From0.8 pips0.0 pips0.0 pips
Standard Contract Size100,000 units100,000 units100,000 units
Minimum Deposit$200$200$200
Minimum Trade Volume0.01 lot0.01 lot100,000 units
Stop Out50%50%50%
Base CurrenciesEUR, USD, GBP, AUD, CHF, NZD, JPY, SGD, CAD, HKDEUR, USD, GBP, AUD, CHF, NZD, JPY, SGD, CAD, HKDEUR, USD, GBP, AUD, CHF, NZD, JPY, SGD, CAD, HKD
Margin Call100%100%100%

Interactive Brokers Full Review

Trading platforms and tools

Interactive Brokers Safety

Interactive Brokers Safety

Safety Intro

Pros:

Cons:

Interactive Brokers Regulation

Interactive Brokers is widely regarded as one of the most secure and financially stable brokers in the world. The company is publicly listed on the NASDAQ exchange under the ticker IBKR, which provides transparency through regular financial disclosures and strict oversight. With more than $15 billion in equity capital, it stands on a solid financial foundation that reassures both retail and institutional investors.

Regulation is another key factor that makes Interactive Brokers a trusted choice. The broker is licensed and supervised by several top-tier financial authorities, including the U.S. Securities and Exchange Commission (SEC) and the UK’s Financial Conduct Authority (FCA). It also operates under the oversight of other respected regulators across major global jurisdictions, ensuring that clients benefit from strong investor protections and compliance standards.

For traders comparing safety across brokers on TradeWiki.io, Interactive Brokers consistently ranks among the most reliable due to its combination of global regulation, financial strength, and public listing. This makes it a standout option for anyone prioritizing trust, transparency, and long-term stability in their brokerage partner.

How you are protected

Interactive Brokers is one of the most heavily regulated brokers worldwide, operating under strict oversight from numerous Tier 1 and Tier 2 financial authorities. This multi-jurisdictional framework provides strong investor protections and reinforces the broker’s reputation for safety and compliance.

  • Singapore: Interactive Brokers Singapore Pte. Ltd. is licensed by the Monetary Authority of Singapore (MAS), license CMS100917, another Tier 2 regulator.

  • Central Europe: Interactive Brokers Central Europe Zrt. is monitored by the Central Bank of Hungary (Magyar Nemzeti Bank) under license H-EN-III-623/2020, rated as Tier 2.

  • United Kingdom: Interactive Brokers (UK) Limited (IBUK) is licensed by the Financial Conduct Authority (FCA) under register entry number 208159, another Tier 1 regulator.

  • Hong Kong: Interactive Brokers Hong Kong Limited operates under the Securities and Futures Commission (SFC), rated Tier 2.

  • Japan: Interactive Brokers Securities Japan Inc. is a member of the Japan Securities Dealers Association (JSDA), which we categorize as Tier 2.

  • Ireland: Interactive Brokers Ireland Limited holds authorization from the Central Bank of Ireland (CBI), reference number C423427, considered a Tier 2 regulator.

  • Canada: Interactive Brokers Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC), also rated as a Tier 1 authority.

  • Australia: Interactive Brokers Australia Pty. Ltd. is authorized by the Australian Securities and Investments Commission (ASIC), AFSL number 453554, recognized as a Tier 1 regulator.

  • India: Interactive Brokers India Pvt. Ltd. is registered with the Securities and Exchange Board of India (SEBI), Registration No. INZ000217730, classified as Tier 2.

  • United States: Interactive Brokers LLC is supervised by both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) – both regarded as Tier 1 regulators.

With such an extensive global regulatory network, Interactive Brokers provides traders and investors with a high degree of confidence. This breadth of oversight makes Interactive Brokers one of the most secure and reliable choices available today.

EntityInteractive Brokers (UK) LimitedInteractive Brokers Ireland LimitedInteractive Brokers Central Europe Zrt.Interactive Brokers Securities Japan Inc.Interactive Brokers Singapore Pte. Ltd.Interactive Brokers Australia Pty. Ltd.Interactive Brokers LLCInteractive Brokers Canada Inc.Interactive Brokers India Pvt. Ltd.Interactive Brokers Hong Kong Limited
Country/RegionUnited KingdomWestern EuropeEastern EuropeJapanSingaporeAustraliaUnited StatesCanadaIndiaHong Kong
RegulatorFCACBIMNBJSDAMASASICSEC, CFTCIIROCSEBISFC
Negative Balance ProtectionYesYesNoNoNoNoNoYesNoNo
Compensation SchemeFSCS up to £85,000DGS up to €100,000NoNoNoNoSIPC up to $500,000CIPF up to $1,000,000NoNo
Segregated FundsYesYesYesYesYesYesYesYesYesYes
CFD Trading Maximum Leverage1:301:301:301:251:201:30CFD Trading not availableCFD Trading not availableCFD Trading not availableCFD Trading not available

Understanding the Regulatory Protections of Your Account

When choosing a broker, understanding the regulatory safeguards on your account is essential. Interactive Brokers operates through multiple regional entities worldwide, each subject to specific financial regulations designed to protect traders. Here are the key protections clients can expect:

  • Compensation Schemes: Regional entities offer coverage in the event of broker insolvency. For example:

    • UK clients benefit from the Financial Services Compensation Scheme (FSCS), which covers up to £85,000.

    • EU clients trading under CySEC protection are covered by the Investor Compensation Fund (ICF), with insurance up to €20,000.

  • Negative Balance Protection: Certain entities, including Interactive Brokers UK, provide negative balance protection, meaning traders cannot lose more than the funds deposited in their accounts – even during sharp market moves or unexpected gaps.

  • Leverage Limits: To help manage risk, regulators set maximum leverage caps. In the UK, Interactive Brokers clients can access leverage up to 1:30, balancing opportunity with safety.

  • Segregated Client Funds: Interactive Brokers ensures all client deposits are kept in segregated accounts, separate from the broker’s operating capital. This prevents misuse and guarantees that customer funds are not used for company expenses or speculative activity.

With this multi-layered protection structure, Interactive Brokers provides one of the most secure environments in the industry. These safeguards highlight why Interactive Brokers is considered a safe and reliable choice for global investors.

Interactive Brokers Group operates as a truly global brokerage, with multiple regulated entities across different regions. This structure ensures compliance with local financial authorities while providing clients with varying levels of investor protection depending on their jurisdiction.

For retail clients trading CFDs in Australia, Ireland, and the United Kingdom, Interactive Brokers offers negative balance protection, meaning you can never lose more than the funds deposited in your account. This safeguard shields traders from unexpected market volatility and extreme price gaps.

It’s important to note that professional clients are not covered by negative balance protection, as regulators assume they have the knowledge and resources to manage higher levels of trading risk.

By combining top-tier global regulation with targeted client protections, Interactive Brokers delivers a secure trading environment for investors worldwide.

Country of ClientsLegal EntityRegulatorProtection Amount
JapanInteractive Brokers Securities Japan Inc.Financial Services Agency (FSA)No protection
CanadaInteractive Brokers Canada Inc.Canadian Investment Regulatory Organization (CIRO)CAD 1,000,000
SingaporeInteractive Brokers Singapore Pte. Ltd.Monetary Authority of Singapore (MAS)No protection***
EU countriesInteractive Brokers Ireland LimitedCentral Bank of Ireland (CBI)€20,000***
UKInteractive Brokers (U.K.) LimitedFinancial Conduct Authority (FCA)£85,000*
IndiaInteractive Brokers (India) Pvt. Ltd.Securities and Exchange Board of India (SEBI)No protection****
Hong KongInteractive Brokers Hong Kong LimitedHong Kong Securities and Futures Commission (SFC)HKD 500,000
USAInteractive Brokers LLCFinancial Industry Regulatory Authority (FINRA); US Securities and Exchange Commission (SEC)$500,000 ($250,000 cash limit)**
AustraliaInteractive Brokers Australia Pty LtdAustralian Securities and Investments Commission (ASIC)No protection

Stability and Transparency

Interactive Brokers stands out for its long-standing stability, financial strength, and transparent operations. With a 45-year history in the brokerage industry, the company is publicly traded on the Nasdaq with a market capitalization of $50 billion USD, providing investors and clients with insight into its financial health.

Being a public company requires Interactive Brokers to maintain high levels of disclosure, including regular financial reports, which enhances trust and accountability. Clients can easily access the broker’s regulatory information, fee structure, and corporate background directly on its website. Key details, such as regulatory status, are prominently displayed in the footer of every page, while the Pricing menu outlines commissions, margin interest rates, and other costs in a clear, accessible format.

Additionally, Client Agreements and other essential documents are readily available within the accounts section, ensuring that traders have the information needed to make informed decisions. This combination of longevity, transparency, and regulatory clarity makes Interactive Brokers a highly reliable choice for both new and experienced investors seeking security and consistency in their trading partner.

Is Interactive Brokers safe?

Interactive Brokers is widely regarded as a highly trustworthy and secure brokerage for traders worldwide. Several factors contribute to this strong safety profile:

  • Global Regulation: Interactive Brokers is authorised and regulated by multiple top-tier financial authorities, including IIROC (Canada), FCA (UK), CFTC (US), FINMA (Switzerland), SFC (Hong Kong), JFSA (Japan), MAS (Singapore), and the Central Bank of Ireland (CBI). It is also regulated across the European Union through the MiFID passporting system. This broad regulatory coverage ensures that client funds are protected under stringent standards.

  • Long-standing Track Record: With a 45-year operating history, Interactive Brokers has demonstrated stability and resilience in the financial markets, earning the trust of millions of clients worldwide.

  • Publicly Traded Transparency: As a publicly listed company on the Nasdaq with a market value exceeding $50 billion USD, Interactive Brokers must provide regular financial disclosures, ensuring clients can assess the firm’s financial health.

  • High Trust Score: Evaluations by TradeWiki.io highlight Interactive Brokers as highly trusted, reflecting its transparent operations, robust regulatory compliance, and professional approach to client safety.

Overall, traders can have confidence that Interactive Brokers combines regulatory rigor, financial stability, and operational transparency to provide a secure trading environment for both retail and institutional clients.

Safety SummaryInteractive Brokers
Year Founded1978
BankNo
Publicly Traded (Listed)Yes
Tier-1 Licenses4
Tier-2 Licenses6
Tier-3 Licenses0
Trading platforms and tools

Interactive Brokers Fees

Interactive Brokers Fees

Fees Intro

Interactive Brokers is renowned for its highly competitive pricing structure, making it one of the lowest-cost brokers in the industry across forex, CFDs, stocks, and ETFs. Traders benefit from transparent, commission-based pricing rather than hidden spreads, which ensures predictable trading costs.

Forex Trading Costs:

  • Commissions: Forex trades start at 0.00002 (0.2 basis points) of the trade value per side, with a minimum of $2 per order ($4 per round turn). For exceptionally active traders, rates can drop to 0.08 basis points.

  • Example: Buying and selling $100,000 worth of EUR/USD would incur roughly 0.40 pips in commission, plus any prevailing market spreads.

  • Volume Discounts: High-volume traders enjoy lower costs. Monthly trades exceeding $1 billion reduce the minimum per-order charge to $1.50, and trades above $5 billion can lower it further to $1 per order.

  • Execution: Prices are aggregated from 17 of the world’s largest interbank forex dealers, ensuring competitive pricing and optimal execution. Large orders can be processed via Request For Quote (RFQ) to minimize market impact.

Stock, ETF, and CFD Trading:

  • US and Singapore clients using the Lite plan can trade stocks and ETFs commission-free.

  • Margin rates are among the most favorable in the industry, with interest paid on cash balances up to 3.83% for USD accounts with $100k net asset value.

Additional Notes:

  • While Interactive Brokers excels in pricing across asset classes, the broker does not publicly disclose average forex spreads, which could be useful for comparison.

  • Overall, IB’s combination of low commissions, flexible pricing for active traders, and top-tier execution makes it an excellent choice for both retail and institutional traders seeking cost efficiency.

For traders looking for transparent, competitive, and scalable pricing, Interactive Brokers stands out as a top option.

Pros:

Cons:

Interactive Brokers Spreads

We tested the spreads at Interactive Brokers across various markets using the MetaTrader Platform during the London open and after the open of the New York forex session. At these times, the market is typically highly liquid with the tightest spreads.

Get spreads from actual broker if possible or just use FX Empire

Forex Spreads
Raw Spread AccountStandard Account
SymbolProductAvg. SpreadAvg. Spread
AUDUSDAustralian Dollar vs United States Dollar0.030.83
EURUSDEuro vs United States Dollar0.020.82
GBPUSDBritish Pound vs United States Dollar0.231.03
USDCADUnited States Dollar vs Canadian Dollar0.251.05
USDCHFUnited States Dollar vs Swiss Franc0.190.99
USDJPYUnited States Dollar vs Japanese Yen0.140.94
AUDCADAustralian Dollar vs Canadian Dollar0.681.68
AUDCHFAustralian Dollar vs Swiss Franc0.411.41
AUDJPYAustralian Dollar vs Japanese Yen0.51.5
AUDNZDAustralian Dollar vs New Zealand Dollar0.771.77
CADCHFCanadian Dollar vs Swiss Franc0.581.58
CADJPYCanadian Dollar vs Japanese Yen0.481.48
CHFJPYSwiss Franc vs Japanese Yen0.861.86
EURAUDEuro vs Australian Dollar0.81.8
EURCADEuro vs Canadian Dollar0.741.74
EURCHFEuro vs Swiss Franc0.611.61
EURGBPEuro vs British Pound0.271.27
EURJPYEuro vs Japanese Yen0.31.3
EURNZDEuro vs New Zealand Dollar1.322.32
GBPAUDBritish Pound vs Australian Dollar1.062.06
GBPCADBritish Pound vs Canadian Dollar1.122.12
GBPCHFBritish Pound vs Swiss Franc1.12.1
GBPJPYBritish Pound vs Japanese Yen0.821.82
GBPNZDBritish Pound vs New Zealand Dollar1.982.98
NZDCADNew Zealand Dollar vs Canadian Dollar1.042.04
NZDCHFNew Zealand Dollar vs Swiss Franc0.731.73
NZDJPYNew Zealand Dollar vs Japanese Yen0.61.6
NZDUSDNew Zealand Dollar vs United States Dollar0.381.38
AUDSGDAustralian Dollar vs Singapore Dollar0.971.97
CHFSGDSwiss Franc vs Singapore Dollar2.053.05
EURDKKEuro vs Danish Kroner11.1112.11
EURHKDEuro vs Hong Kong Dollar2.173.17
EURNOKEuro vs Norwegian Kroner52.8953.89
EURPLNEuro vs Polish Zloty21.222.2
EURSEKEuro vs Swedish Krona44.0745.07
EURSGDEuro vs Singapore Dollar0.91.9
EURTRYEuro vs Turkish Lira95.1496.14
EURZAREuro vs South African Rand94.6895.68
GBPDKKBritish Pound vs Danish Kroner18.3219.32
GBPNOKBritish Pound vs Norwegian Kroner38.1439.14
GBPSEKBritish Pound vs Swedish Krona28.1329.13
GBPSGDBritish Pound vs Singapore Dollar2.453.45
GBPTRYBritish Pound vs Turkish Lira138.98139.98
NOKJPYNorwegian Kroner vs Japanese Yen0.671.67
NOKSEKNorwegian Kroner vs Swedish Krona7.538.53
SEKJPYSwedish Krona vs Japanese Yen0.871.87
SGDJPYSingapore Dollar vs Japanese Yen0.71.7
USDCNHUnited States Dollar vs Chinese RMB2.933.93
USDCZKUnited States Dollar vs Czech Koruna5.216.21
USDDKKUnited States Dollar vs Danish Kroner4.775.77
USDHKDUnited States Dollar vs Hong Kong Dollar0.891.89
USDHUFUnited States Dollar vs Hungarian Forint9.4810.48
USDMXNUnited States Dollar vs Mexican Peso28.5729.57
USDNOKUnited States Dollar vs Norwegian Kroner36.7937.79
USDPLNUnited States Dollar vs Polish Zloty15.7916.79
USDRUBUnited States Dollar vs Russian Ruble65.2666.26
USDSEKUnited States Dollar vs Swedish Krona30.3131.31
USDTHBUnited States Dollar vs Thai Baht63.2164.21
USDTRYUnited States Dollar vs Turkish Lira50.6151.61
USDZARUnited States Dollar vs South African Rand79.8580.85
USDSGDUnited States Dollar vs Singapore Dollar0.851.85
Raw AccountStandard Account
SymbolProductAvg. SpreadMin. Spread
XAGEURSilver vs Euro0.8131
XAGUSDSilver vs United States Dollar0.8941
XAUAUDGold vs Aus3.6791
XAUEURGold vs Euro3.5371
XAUUSDGold vs United States Dollar1.0831
XPDUSDPalladium vs United States Dollar162.7351
XPTUSDPlatinum vs United States Dollar42.31
All AccountsAll Accounts
SymbolProductMin. SpreadAvg. Spread
AUS200Australia S&P ASX 200 Index01.22
DE40Germany 40 Index0.51.338
F40France 40 Index00.749
JP225Japan 225 Index68.858
STOXX50EU Stocks 50 Index0.21.76
UK100UK 100 Index12.133
US30US Wall Street 30 Index11.411
US500US SPX 500 Index0.20.492
USTECUS Tech 100 Index11.807
CA60Canada 60 Index0.60.6
CHINA50FTSE China A50 Index3.296.953
CHINAHHong Kong China H-shares Index02.083
ES35Spain 35 Index4.24.426
HK50Hong Kong 50 Index78.169
IT40Italy 40 Index99
MidDE50Germany Mid 50 Index7.527.864
NETH25Netherlands 25 Index0.190.19
NOR25Norway 25 Index0.680.68
SA40South Africa 40 Index7.515.444
SE30Sweden 300.380.38
SWI20Switzerland 20 Index33.5
TecDE30Germany Tech 30 Index2.33.172
US2000US Small Cap 2000 Index0.140.48
All AccountsAll Accounts
SymbolProductMin. SpreadAvg. Spread
GC25Gold Futures0.20.23
BRENTBrent Crude Oil Futures0.020.028
CocoaCocoa Futures34.608
CoffeeCoffee Futures0.30.3
CornCorn Futures0.680.68
CottonCotton Futures0.150.15
OJOrange Juice Futures1.121.12
SoybeanSoybean Futures1.351.35
SugarSugar Futures0.030.033
WheatWheat Futures0.750.75
WTIWest Texas Intermediate - Crude Oil Futures0.020.027
XBRUSDBrent Crude Oil Spot vs United States Dollar0.030.034
XNGUSDNatural Gas Spot vs United States Dollar0.0020.004
XTIUSDWTI Crude Oil Spot vs United States Dollar0.030.034
All AccountsAll Accounts
SymbolProductMin. SpreadAvg. Spread
BCHUSDBitcoin Cash vs United States Dollar CFD2.215.839
BTCUSDBitcoin vs United States Dollar CFD8.7142.036
DOTUSDPolkadot vs United States Dollar CFD0.0110.013
DSHUSDDash Coin vs United States Dollar CFD01.241
EMCUSDEmercoin vs United States Dollar CFD0.1570.157
ETHUSDEthereum vs United States Dollar CFD4.5611.605
LNKUSDChainlink vs United States Dollar CFD0.0120.02
LTCUSDLite Coin vs United States Dollar CFD1.051.597
NMCUSDNameCoin vs United States Dollar CFD7.8957.895
PPCUSDPeerCoin vs United States Dollar CFD0.1840.276
XLMUSDStellar vs United States Dollar CFD00
XRPUSDRipple vs United States Dollar CFD0.0080.02
ADAUSDCardano vs United States Dollar CFD0.0010.003
BNBUSDBinance Smartchain vs United States Dollar CFD1.2661.415
DOGUSDDoge vs United States Dollar CFD0.0010.001
UNIUSDUniswap vs United States Dollar CFD0.0610.064
XTZUSDTezos vs United States Dollar CFD0.0030.026
All AccountsAll Accounts
SymbolProductMin. SpreadAvg. Spread
EURBOBLEuro Bobl0.010.01
EURBUNDEuro Bund0.010.011
EURSCHAEuro Schatz0.010.01
ITBTP10YBTP Italian Bonds0.020.02
JGB10YJapanese 10 YR0.030.034
UKGBUK Long Gilt0.010.012
UST05YUS 5 YR T-Note0.0140.014
UST10YUS 10 YR T-Note0.0310.031
UST30YUS T-Bond (30 year)0.030.031

Interactive Brokers Swap Fees

Interactive Brokers charges swap fees (also known as rollover fees) for positions held overnight. These fees reflect the interest differential between the two currencies in a forex pair and may result in a debit or credit to your account depending on the direction of your trade.

  • Scope: Swap fees are calculated per full contract, typically 100,000 units of the base currency.

  • Purpose: These fees compensate for the cost of borrowing one currency while simultaneously lending another, a standard practice in forex trading.

  • Transparency: Interactive Brokers clearly displays swap rates on its trading platforms, allowing traders to anticipate overnight costs and plan their positions effectively.

By understanding and monitoring swap fees, traders can make informed decisions, minimize unnecessary costs, and optimize their overnight strategies with Interactive Brokers’ competitive and transparent pricing.

InstrumentSwap ShortSwap Long
GBP/JPYCharge of $39.24Credit of $23.50
EUR/USDCredit of $1.84Charge of $7.80

Interactive Brokers Non-Trading Fees

Interactive Brokers offers a cost-effective account structure with minimal non-trading fees, making it appealing for both casual and active traders:

  • No minimum deposit: Traders can open individual accounts without the requirement to deposit a specific amount.

  • No inactivity fees: Unlike many brokers, Interactive Brokers does not charge a monthly inactivity fee, allowing clients to maintain accounts without pressure to trade regularly.

  • Withdrawal policy: The first withdrawal each month is free. Subsequent withdrawals may incur a small fee (for example, $10 for USD withdrawals), ensuring transparency and predictability in account management.

  • No account or deposit fees: Opening and funding an account carries no additional charges, providing a straightforward and low-cost entry into trading.

This fee structure ensures that traders can focus on their strategies without worrying about hidden or recurring non-trading costs, reinforcing Interactive Brokers’ commitment to transparency and client-friendly policies.

Are Interactive Brokers Fees Competitive?

Interactive Brokers stands out in the brokerage industry for its exceptionally competitive fee structure. Across spreads, commissions, and margin interest rates, IBKR consistently ranks among the most cost-effective options for traders.

  • Tight Spreads: Forex and CFD spreads are highly competitive, allowing traders to enter and exit positions with minimal cost impact.

  • Low Commissions: Commission rates are structured to reward both small and high-volume traders, ensuring affordability across account types.

  • Favorable Margin Rates: Margin interest rates are among the lowest in the industry, enhancing flexibility for leveraged trading strategies.

  • Transparent Pricing: All fees are clearly outlined on the platform, providing clarity and eliminating unexpected costs.

This combination of low trading costs and transparent fee policies makes Interactive Brokers an ideal choice for both casual and professional traders aiming to maximize profitability.

Fees SummaryInteractive Brokers
Minimum Deposit$0
Average Spread EUR/USD - Standard0.59
All-in Cost EUR/USD - Active0.65
ACH or SEPA TransfersYes
Active Trader or VIP DiscountsYes
Bank Wire (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)No
PayPal (Deposit/Withdraw)No
Trading platforms and tools

Interactive Brokers Deposit and Withdrawals

Interactive Brokers Deposit and Withdrawals

Deposit and Withdrawal Intro

Interactive Brokers provides fee-free deposits and withdrawals, ensuring that clients can fund and access their accounts without additional costs. Withdrawal requests are typically processed efficiently, giving traders timely access to their funds.

  • Account Base Currencies: IBKR supports multiple account base currencies, allowing flexibility for international clients.

  • Free Monthly Withdrawal: Clients are entitled to one free withdrawal per month, with subsequent withdrawals subject to standard fees.

  • Funding Methods: Bank transfers are the primary funding option. While popular alternatives like credit cards are not available, the bank transfer system remains secure and reliable.

  • Processing Speed: Transactions are completed promptly, contributing to a seamless trading experience.

Although the funding and withdrawal options are somewhat limited, Interactive Brokers combines low costs, reliability, and convenience, making it a practical choice for traders who prioritize secure and efficient account management.

Pros:

Cons:

Interactive Brokers Account Base Currencies

At Interactive Brokers, you can choose from the following base currencies:

HKDUSDAUDINRDKK
RONPLNBGNCADCNH
EURZARCHFMXNSAR
JPYILSNZDMYRHUF
AEDGBPSEKCZKSGD
IDRTRY

Interactive Brokers provides a robust selection of account base currencies, giving traders the flexibility to minimize unnecessary conversion costs. Funding your trading account in the same currency as your bank account, or trading assets that match your account’s base currency, can eliminate currency conversion fees, saving money on every trade.

For traders seeking even greater efficiency, opening a multi-currency account with a digital bank is a practical solution. These accounts typically support multiple currencies, offer competitive exchange rates, and allow free or low-cost international transfers. Setting up such an account is quick and straightforward, often completed within minutes on a smartphone.

By combining multi-currency account options with Interactive Brokers’ extensive base currency selection, clients can optimize trading efficiency while reducing unnecessary costs, making it an ideal solution for international traders.

Interactive Brokers Deposit Fees and Options

Interactive Brokers does not charge any deposit fees, making it cost-effective to fund your trading account. While the selection of deposit methods is somewhat limited—bank cards and electronic wallets are not supported—residents in specific regions have additional options.

For U.S.-based clients, the available deposit methods include:

  • ACH (Automated Clearing House) transfers

  • Checks

  • Direct Rollovers (IRA accounts only)

  • Trustee-to-Trustee transfers (IRA accounts only)

For Australian clients, deposits can also be made via BPAY, providing a convenient local funding option.

Although the range of deposit methods is narrower than some competitors, Interactive Brokers ensures secure, reliable, and fee-free funding, supporting smooth account management for both retail and professional traders.

Interactive Brokers deposit methods and fees:

Deposit MethodProcessing TimeFees
Check1 Business Day$0
Wire Transfer1 Business Day$0
Bank Transfer (ACH)1 Business Day$0

Interactive Brokers Withdrawal Fees and Options

Interactive Brokers provides a cost-effective withdrawal structure for its clients. The first withdrawal each month is free, while any additional withdrawals incur a nominal fee.

For most clients, bank wire transfers are the primary method for outgoing funds. U.S. residents benefit from additional options, including ACH transfers and check withdrawals, offering flexibility depending on personal banking preferences.

While the range of withdrawal methods is more limited compared to some competitors, Interactive Brokers ensures that transactions are secure, reliable, and processed efficiently, giving traders confidence in managing their funds.

Interactive Brokers withdrawal methods and fees:

Withdrawal MethodProcessing TimeFees
Bank Transfer (ACH)1 Business Day$0
Wire Transfer1 Business Day$0

How long does Interactive Brokers withdrawal take?

With Interactive Brokers, withdrawals are generally completed within 1 business day, allowing clients quick access to their funds.

While waiting, traders can track the progress of their withdrawal in real-time using the Client Portal, ensuring full transparency and control throughout the process.

This fast and reliable system helps provide peace of mind, making fund management simple and efficient for all account holders.

How do you withdraw money from Interactive Brokers?

With Interactive Brokers, withdrawing funds is straightforward and transparent. Follow these steps to ensure a smooth transaction:

  1. Log in to the Client Portal and navigate to the “Transfer & Pay” section, then select “Transfer Funds.”

  2. Choose the account you wish to withdraw from.

  3. At the top of the page, click on the “Withdraw Funds” tab to access the withdrawal options.

  4. Select your preferred currency and the method for the withdrawal.

  5. Enter the required details as prompted, ensuring all information is accurate.

  6. Submit your withdrawal request to initiate processing.

  7. Track your withdrawal status under “View Transaction History” for real-time updates.

This process provides full visibility and control, helping clients manage their funds efficiently and securely.

Trading platforms and tools

Interactive Brokers Trading Platforms and Tools

Interactive Brokers Trading Platforms and Tools

Trading Platforms and Tools Intro

Interactive Brokers delivers one of the most versatile selections of trading platforms in the industry, designed to meet the needs of both casual investors and professional traders. The broker’s in-house suite includes web-based, desktop, and mobile platforms – each tailored for different levels of trading experience and styles.

  • Trader Workstation (TWS): The flagship desktop platform is packed with advanced functionality, offering access to a full spectrum of asset classes, including stocks, options, futures, forex, and CFDs. Within TWS, the dedicated FXTrader module gives traders direct access to 91 forex CFDs and 105 cash forex pairs via the IDEALPRO or SMART venues. While TWS is feature-rich and powerful, its steep learning curve may feel overwhelming for beginners. However, experienced day traders and professionals will appreciate its depth, flexibility, and wide range of customizable tools.

  • IBKR Desktop: A newer addition, IBKR Desktop was designed to simplify the trading process without sacrificing access to sophisticated features. It strikes a balance between power and usability, making it a strong option for intermediate traders or those transitioning from basic platforms to more advanced ones. Integrated research and live news feeds from trusted providers – including Reuters, Dow Jones Global News, and Benzinga – ensure traders stay informed in real time.

  • Client Portal (Web Platform): The web-based Client Portal provides a clean, intuitive interface ideal for retail investors and casual traders. It includes essential features such as synced watchlists, trading execution, integrated economic calendars, and real-time forex news. The accessibility of this platform makes it appealing for those who want a straightforward trading experience without sacrificing efficiency.

  • Mobile Apps: Interactive Brokers also offers two proprietary mobile apps that bring trading flexibility to smartphones and tablets. These apps provide secure access to global markets, enabling clients to monitor portfolios, place trades, and track market news on the go.

Across all platforms, Interactive Brokers combines advanced functionality with broad market access, giving traders the ability to trade globally while customizing their workflow. Whether you’re a casual investor using the Client Portal or a professional deploying strategies through TWS, the platform ecosystem is designed to scale with your trading journey.

MetaTrader 4

MetaTrader 4 Desktop Intro

Fx Empire : Metatrader 4 Desktop

Forex Brokers : 

Broker Chooser : Maybe read

The desktop version of MetaTrader 4 (MT4) on AvaTrade is designed for both novice and experienced traders, offering an intuitive interface that makes navigating charts, orders, and trading instruments straightforward. While some may find the chart visuals less modern compared to newer platforms, MT4 remains highly functional and reliable.

Platform Compatibility & Language Support

IC Markets’ MT4 is fully compatible with Windows and Mac, and supports 52 languages, including English, French, Spanish, German, Arabic, and Chinese, making it accessible to a global trading audience.

Key Features

  • Custom Alerts: Set alerts for specific price levels to identify potential entry or exit points.

  • Watchlist Management: Create personalized watchlists to monitor favorite instruments and market movements efficiently.

  • One-Click Trading: Execute market orders instantly at the current price, ideal for scalpers and high-speed traders.

  • Chart-Based Trading: Place orders directly from the chart, specifying entry price, volume, stop-loss, and take-profit levels.

  • Expert Advisor Integration: MT5 excels in automated trading, allowing users to run and optimize Expert Advisors (EAs) with the built-in strategy tester. This lets algo traders fine-tune strategies across varying market conditions.

Why MT4 on AvaTrade Stands Out

With robust automation capabilities, customisable alerts, and direct chart trading, AvaTrade’ MT4 desktop platform provides a professional-grade environment for traders seeking precision, flexibility, and efficiency in their trading strategies.

Fx Empire : 

Forex Brokers : 

Broker Chooser : Desktop platform – pros and cons

Pros:

Cons:

Charts

Fx Empire : Metatrader 4 Desktop

Forex Brokers : 

Broker Chooser : 

AvaTrade’ MetaTrader 4 (MT4) platform provides a comprehensive suite of analytical tools and charting options designed to support both technical and strategic trading decisions.

  • Technical Indicators: Traders have access to 38 built-in technical indicators, encompassing trend, volume, and oscillator-based tools. These indicators assist in analysing price action, gauging market sentiment, and forecasting potential market movements.
  • Drawing Tools: MT4 offers 24 drawing tools, including Fibonacci retracements and Elliott waves, which help identify price patterns, key support and resistance levels, and potential breakout points. These tools are ideal for detailed technical analysis but can make charts appear busy when multiple indicators are applied simultaneously.
  • Timeframes & Chart Types: With 21 different timeframes, MT4 supports multi-timeframe analysis, providing a detailed view of market trends. Traders can view price action through line charts, bar charts, or candlesticks, giving multiple perspectives to identify trading opportunities.
  • User Considerations: While the platform’s extensive features empower advanced analysis, charts can become cluttered quickly, even with just two indicators applied. This may obscure price movements and complicate in-depth technical examination.

Overall, AvaTrade’ MT4 charting suite offers robust flexibility for traders seeking comprehensive analysis, making it a preferred choice for both manual and algorithmic trading strategies.

Orders

Fx Empire : Metatrader 4 Desktop

Forex Brokers : 

Broker Chooser : 

AvaTrade’ MetaTrader 4 (MT4) platform offers versatile order execution options, catering to both manual and high-speed trading strategies. Traders can choose between market orders, pending orders, and one-click trading, allowing precise entries at the current market price.

  • Market Orders: Market orders enable immediate execution at the best available price. While they guarantee the requested trade volume, the final entry price may vary slightly from the initial quote due to market fluctuations.
  • Limit Orders: Limit orders ensure trades are executed at a specified price, providing full control over entry points. However, the order will only be filled if the market reaches the designated price level.
  • Stop Orders: Stop orders act as risk management tools, limiting potential losses on open positions. A stop-loss is placed at a fixed level above or below the current market price. If triggered, it converts into a market order and executes at the best possible price to mitigate losses.

By combining these order types with MT4’s one-click trading, AvaTrade gives traders the flexibility to execute strategies quickly and efficiently, whether for scalping, day trading, or automated algorithmic approaches.

Mt4 WebTrader

Fx Empire : Metatrader 4 Desktop

Forex Brokers : 

Broker Chooser : 

The MetaTrader Web Platform (Web Trader) offers a convenient, slightly streamlined version of the desktop platform, allowing users to trade directly from any browser and operating system – no additional software needed!
 
Some popular features include:
 
  • One-Click Trading: Execute trades quickly and efficiently with just a single click.
  • Trading from the Chart: Enjoy the flexibility of trading directly from your charts, making it easier to act on market movements.
  • Watchlists with Real-Time Quotes: Keep track of your favorite instruments and monitor live quotes effortlessly.
  • Trade History: Easily access your past trades to analyze performance and refine your strategies.
  • Advanced Charting: Benefit from 30 technical indicators that enhance your technical analysis and decision-making.
  • Copy Trading and Automated Trading: Take advantage of copy trading to follow successful traders or automate your strategies for greater efficiency.

With these features, AvaTrade provides a robust trading experience through its Web Trader platform, making it a solid choice if you’re searching for a Forex broker that stands out among the best in the industry.

MT4 Mobile App

Fx Empire : 

Forex Brokers : 

Broker Chooser : Mobile app – Pros and cons – Should stay the same.

Pros:

Cons:

Fx Empire : MetaTrader 4 Mobile App – Paragraph

Forex Brokers : 

Broker Chooser : 

AvaTrade’ MetaTrader 4 (MT4) mobile application, available on both iOS and Android, provides traders with seamless market access anytime, anywhere. The app is designed for efficiency, allowing users to quickly open, close, and manage positions with precision directly from their mobile devices.

Traders can execute market, limit, and stop orders while also adjusting trade size and exposure on existing positions. With an intuitive interface and responsive design, the MT4 mobile app ensures that critical trading decisions can be implemented instantly, making it an essential tool for active traders who need flexibility on the go.

Combined with AvaTrade’ advanced execution and real-time data, the MT4 mobile platform offers a professional-grade mobile trading experience, empowering both casual and professional traders to act swiftly in dynamic markets.

Fx Empire :

Forex Brokers : 

Broker Chooser : Mobile app – From : Look and feel until Alerts and notifications.

Look and Feel

AvaTrade delivers a polished and intuitive MT4 mobile trading platform that balances aesthetics with functionality. The clean design and thoughtfully organised features make navigation effortless, allowing traders to access charts, place orders, and manage positions quickly. Whether you are a beginner or an experienced trader, the platform’s user-friendly interface ensures a seamless mobile trading experience, empowering you to stay connected to the markets anytime, anywhere.

Login and security

AvaTrade’ MT4 mobile platform currently offers a single-step login, providing basic access to your trading account. While straightforward, enhancing security with two-factor authentication would significantly strengthen account protection. Additionally, the platform does not yet support biometric login such as fingerprint or facial recognition, which could offer a faster and more convenient way for traders to securely access their accounts. Implementing these features would elevate both security and usability for mobile users.

Search functions

AvaTrade mobile MT4 app offers an efficient search system designed to help traders quickly locate the instruments or tools they need. Users can type the name of a specific product directly into the search bar or browse through organised category folders to explore available options. This dual approach ensures both speed and flexibility, making it easier for traders to navigate the platform and access relevant trading assets without hassle.

Placing orders

AvaTrade’ mobile MT4 trading platform provides flexible order placement options to accommodate a variety of trading strategies. Traders can choose from market orders for immediate execution, limit orders to enter at a specific price, and stop-loss orders to manage risk and protect positions.

Additionally, the platform supports order time settings to suit different trading approaches:

  • Good ‘til Canceled (GTC): Orders remain active until manually canceled.

  • Good ‘til Time (GTT): Orders expire automatically after a specified duration.

This combination of order types and time controls ensures precise execution, whether you’re trading on the go or managing positions from your mobile device.

Alerts and notifications

AvaTrade’ mobile MT4 trading app currently does not support alerts or notifications, a feature that remains exclusive to the desktop platform. Alerts are essential for monitoring market movements and executing timely trades, so integrating this functionality into the mobile app would significantly enhance the trading experience.

Traders using the mobile platform can still manage positions and monitor market activity in real time, but for instant trade alerts and notifications, the desktop version remains the go-to solution.

Fx Empire : Metatrader 4 : My Key Takeaways

Forex Brokers : 

Broker Chooser : 

MetaTrader 4: Key Takeaways

MT4 Desktop Platform

MetaTrader 4’s desktop version offers fast and reliable order execution, appealing to traders who prioritize efficiency. However, its older, more rugged interface can feel outdated compared to modern, sleek trading platforms. Charting capabilities are functional but relatively rigid, making it less ideal for traders who rely on flexible, scalable charts for multi-timeframe analysis and complex technical studies.

MT4 Mobile App

The MetaTrader 4 mobile app is designed for efficient trade management on the go, making it an indispensable tool during periods of market volatility. Traders can quickly adjust positions, execute orders, and manage risk directly from their smartphone or tablet. While its speed and convenience are strong points, the app is less suitable for detailed technical analysis and in-depth charting, which may require a desktop platform for comprehensive evaluation.

In summary, MT4 provides a balanced solution for both mobile and desktop trading, combining speed and reliability with the convenience of on-the-go access, while more advanced charting and analytical tasks may be better suited to desktop use.

Trading platforms and tools

Interactive Brokers Tradable Instruments

Interactive Brokers Tradable Instruments

Interactive Brokers Tradable Instruments Intro

Interactive Brokers provides one of the broadest product offerings in the industry, with access to more than 2 million instruments across global markets. Traders can participate in virtually every asset class, from equities and ETFs to derivatives and alternative investment products, making IBKR a top choice for those seeking market diversity.

  • CFDs: Clients can trade over 8,000 CFDs, spanning forex, stocks, indices, and commodities. The broker is particularly strong in CFDs on forex, shares, and indices, though its commodity CFD offering is more limited compared to other asset categories.

  • Equities & ETFs: With access to more than 64,000 shares and ETFs listed on over 160 global exchanges, Interactive Brokers is unmatched in its stock market coverage. This includes overnight trading on 10,000+ U.S. stocks and ETFs, available nearly 24 hours a day, five days a week.

  • Futures & Options: IBKR offers 12,000+ futures and options contracts, including the CBOE SPX Suite of Index Options, allowing active traders to implement advanced hedging and speculative strategies.

  • Bonds & Other Assets: Investors can also trade an extensive range of bonds, alongside more specialized instruments such as warrants, structured products, and exchange-traded indices.

  • Cryptocurrency: While crypto CFDs are not available, Interactive Brokers allows direct trading of cryptocurrencies like Bitcoin through partnerships with Paxos, Zero Hash, and OSL Digital Securities (for Hong Kong residents). This ensures secure access to crypto markets without relying on derivative products.

  • Innovative Products: In 2024, Interactive Brokers introduced IBKR ForecastTrader, a web-based platform that lets clients speculate on global economic, political, and climate-related events. Additionally, Interactive Advisors, IBKR’s hybrid robo-advisory and social trading service, provides investors with professional asset management options.

Geographic Availability

It’s important to note that product access varies by region and account type. For example, retail spot forex trading is not permitted for U.S. residents unless they qualify as an “Eligible Contract Participant,” and CFDs are restricted in the U.S., Canada, and Hong Kong. Despite these regulatory limitations, Interactive Brokers continues to offer one of the widest ranges of products globally, ensuring clients can tailor their portfolio to their goals and risk tolerance.

With its massive product range, global reach, and innovative offerings, Interactive Brokers sets the standard for market access – giving traders and investors the ability to diversify like never before.

CFD InstrumentTypesIndustry AverageNumber
Forex PairsMajor, Minor, Exotic30–7585
IndicesMajor Global Indices5–1013
CommoditiesMetals, Energy, Agriculture5–104
StocksEuropean and US Exchanges200–3008,000+
What are CFDs ?

A Contract for Difference (CFD) is a financial derivative that enables traders to speculate on the price movements of an asset without owning the asset itself. Essentially, a CFD is an agreement between a buyer and a seller to exchange the difference in an asset’s value from the time the contract is opened to when it is closed.

CFDs operate similarly to other derivatives like futures and options, offering traders flexibility to profit from both rising and falling markets. This makes them a popular choice for forex, stocks, indices, and commodity trading. By using CFDs, investors can gain exposure to global markets with lower capital requirements, while benefiting from leverage and diversified trading strategies.

Interactive Brokers provides access to a wide range of CFDs, including forex, shares, and indices, allowing both beginners and professional traders to participate in markets efficiently and effectively.

Interactive Brokers Instruments: Key Takeaways

Interactive Brokers provides traders with an exceptionally broad selection of financial instruments across all major asset classes and global markets. From forex, stocks, and indices to ETFs and bonds, the platform supports both casual investors and professional traders seeking deep market exposure.

While the range of commodity CFDs is somewhat limited, traders can access a more extensive selection of commodities through futures contracts, offering opportunities for diversified strategies. This makes Interactive Brokers a versatile choice for those looking to trade both standard and sophisticated instruments worldwide.

With access to over 2 million tradeable products, Interactive Brokers ensures clients can explore global markets efficiently, all from a single, integrated platform.

Tradable Instruments SummaryInteractive Brokers
Forex Trading (Spot or CFDs)Yes
Tradeable Symbols (Total)8000+
Forex Pairs (Total)85+
U.S. Stock Trading (Non CFD)Yes
Int’l Stock Trading (Non CFD)Yes
Cryptocurrency (Physical)Yes
Cryptocurrency (Derivative)Yes
Social Trading / Copy TradingNo
Trading platforms and tools

Interactive Brokers Leverage

Interactive Brokers Leverage

What is CFD Leverage?

CFD leverage is a tool that allows traders to control larger market positions with a smaller amount of capital. When trading Contracts for Difference (CFDs), leverage enables you to open positions that exceed your actual account balance, as the broker effectively lends you the additional funds.

The key advantage of leverage is its ability to amplify potential profits from successful trades, giving traders the chance to achieve higher returns on smaller investments. However, it is equally important to recognize that leverage also magnifies potential losses, meaning careful risk management is essential when using leveraged CFD positions.

Interactive Brokers Leverage

At Interactive Brokers UK, CFD traders can access leverage up to 1:30, allowing a $1,000 account to control positions worth up to $30,000. This feature provides significant trading flexibility, enabling traders to amplify potential gains across forex, stocks, indices, and other CFD instruments.

However, leverage is a double-edged sword: while it can increase profits, it also magnifies losses. Traders should fully understand the risks of leveraged trading, implement proper risk management strategies, and only use leverage suitable for their experience and account size.

Interactive Brokers combines competitive leverage offerings with robust trading tools, making it a strong choice for experienced traders seeking both opportunity and precision in the CFD market.

Trading platforms and tools

Account Opening with Interactive Brokers

Account Opening with Interactive Brokers

Pros:

Cons:

Interactive Brokers Account Opening Process

Opening an account with Interactive Brokers is a fully digital process designed to provide secure and regulated access to global markets. To start, visit the Interactive Brokers website and complete the online registration form. Once submitted, your application typically undergoes a verification process lasting 1–3 business days, after which you can make your first deposit and begin trading.

The account setup process requires several key steps to ensure compliance and protect both the trader and the broker:

  1. Personal Information & Trading Experience – You will provide personal details and answer questions about your prior trading experience. This helps Interactive Brokers assess your familiarity with financial markets and trading risks.

  2. Identity & Residency Verification (KYC) – As part of the standard Know-Your-Customer (KYC) procedure, you must upload documents to confirm your identity and residence. Acceptable documents include:

    • Identity: Passport, national ID, or driver’s license

    • Residency: Bank statement, utility bill, driver’s license, credit card statement, or other official documents

  3. Trading Experience Survey – Towards the end of registration, you’ll complete a brief survey on your trading knowledge. This is a routine measure to ensure you understand the risks associated with leveraged and derivative trading.

  4. Account Type & Base Currency Selection – Choose the account type that best suits your trading goals and select your preferred base currency to avoid unnecessary conversion fees.

  5. Funding Your Account – Finally, deposit funds using the supported methods to activate your account and start trading across global markets.

While the process is straightforward, it is slightly more detailed than typical brokers, reflecting Interactive Brokers’ commitment to security, regulatory compliance, and providing a professional trading environment.

What is the minimum deposit at Interactive Brokers?

Interactive Brokers offers a highly accessible entry point for traders, with a minimum deposit of $0 for standard accounts. This makes it easy for new investors to start trading without upfront capital barriers.

For those interested in margin trading or short selling, a higher threshold applies. To leverage borrowed funds, the required minimum deposit is $2,000. Margin trading allows you to amplify your market exposure using borrowed money, but it also increases the risk of losses, making it essential to understand leverage before engaging.

By offering both a zero-deposit option and a clear margin requirement, Interactive Brokers caters to both casual traders and more experienced investors seeking advanced trading strategies.

Trading platforms and tools

Interactive Brokers Account Types

Fx Empire : Broker Account Types and Their Benefits

Forex Brokers : 

Broker Chooser : 

Account TypeStandard AccountRaw AccountcTrader Raw Account
Swap Free AccountYesYesYes
Suitable ForCasual TradersEAs and ScalpersDay Traders and Scalpers
PlatformsMetaTrader 4&5MetaTrader 4&5, cTrader, TradingViewMetaTrader 4&5, cTrader, TradingView
Commission*$0$7$6
Demo AccountYesYesYes
Spread From0.8 pips0.0 pips0.0 pips
Standard Contract Size100,000 units100,000 units100,000 units
Minimum Deposit$200$200$200
Minimum Trade Volume0.01 lot0.01 lot100,000 units
Stop Out50%50%50%
Base CurrenciesEUR, USD, GBP, AUD, CHF, NZD, JPY, SGD, CAD, HKDEUR, USD, GBP, AUD, CHF, NZD, JPY, SGD, CAD, HKDEUR, USD, GBP, AUD, CHF, NZD, JPY, SGD, CAD, HKD
Margin Call100%100%100%

Interactive Brokers Account Types

Fx Empire : 

Forex Brokers : 

Broker Chooser : Account Types

IC Markets offers a variety of account types tailored to different trading needs. The Standard account stands out with competitive spreads, no commissions, and a low minimum deposit. Risk management measures, including a 100% margin call and a 50% stop-out level, help protect against total account losses. However, the Standard account does not support TradingView or cTrader, which are two of IC Markets’ most advanced trading platforms.

For traders seeking tighter spreads and more advanced platform integration, the Raw and cTrader Raw accounts provide spreads starting from 0.0 pips with volume-based commissions. The Raw cTrader account is particularly appealing due to its $6 per round-turn lot commission, aligning with industry averages while offering greater flexibility for high-volume traders.

Choosing the right account depends on your trading style, platform preference, and desire for cost-efficient execution.

Interactive Brokers Demo Account

Fx Empire : Demo Account

Forex Brokers : 

Broker Chooser : 

IC Markets provides a demo account designed for traders to practice and refine their strategies in a completely risk-free environment. This account allows you to explore all of IC Markets’ trading platforms and features without risking real capital.

Given the constantly evolving nature of financial markets, using a demo account is an essential tool for maintaining and improving trading skills. Traders can open a demo account before starting a live CFD account or run it alongside their live trading to test new strategies and approaches safely.

The demo account ensures you gain confidence, understand platform functionality, and optimize your trading techniques before committing real funds.

Interactive Brokers Islamic Account

Fx Empire : Islamic Account

Forex Brokers : 

Broker Chooser : 

IC Markets offers Islamic, or swap-free, accounts that comply with Shariah law, allowing traders to hold leveraged positions overnight without paying interest. Instead of traditional percentage-based financing fees, these accounts charge a flat commission, making them ideal for traders seeking faith-compliant trading options.

Traders can also open multiple sub-accounts with different base currencies, providing flexibility for portfolio management and risk allocation. For detailed information or to set up a swap-free account, contacting IC Markets directly is recommended.

These accounts ensure that trading remains fully compliant with Islamic principles while maintaining access to the broker’s full range of platforms and instruments.

Interactive Brokers Restricted Countries

IC Markets does not accept clients from certain jurisdictions where trading leveraged products is restricted or prohibited by law. This includes residents of the United States, Canada, Brazil, Israel, New Zealand, Iran, North Korea, and any other region enforcing similar legal limitations.

Prospective traders from these locations are unable to open accounts, ensuring compliance with international regulatory standards and maintaining the integrity of IC Markets’ global operations.

Trading platforms and tools

Interactive Brokers Research

Interactive Brokers Research

Interactive Brokers delivers one of the most extensive research ecosystems in the brokerage industry, offering access to over 200 free and premium research providers. This vast collection spans multiple markets – including stocks, forex, commodities, indices, and cryptocurrencies – providing actionable insights for both retail and professional traders.

Third-Party and In-House Research

Clients can leverage 176 services from 70 third-party news and research providers, including specialized coverage of forex and crypto markets. Notable integrations such as Acuity, Trading Central, TipRanks, and Reflexivity enrich the web-based Client Portal and IBKR Desktop, while institutional investors gain additional market analysis via UBS Live Desk. Traders can access expert commentary and daily market updates through the Traders’ Insight blog, featuring both in-house and guest articles, and streamed content from Reuters, Dow Jones, and Market News International (MNI). The platform’s economic calendar, powered by providers like Econoday, ensures that traders stay informed about key market events.

Tools and Market Scanners

Interactive Brokers complements its research resources with robust analytical tools, such as the Mosaic Market Scanner, which executes predefined scans including top US movers, sector performance, and trending opportunities. This functionality helps traders identify actionable trades efficiently, saving time while enhancing decision-making precision.

Video and Multimedia Content

Research extends beyond written analysis. Interactive Brokers provides high-quality video content, including Bloomberg Television updates (U.S. and Asia), the Traders’ Insight daily briefings led by IBKR’s Chief Strategist, and podcasts such as The Fly Squawkbox Live. Video integrations also include TipRanks, delivering insights on non-forex asset classes, making it easier for traders to diversify their strategies.

Interactive Brokers Research: Key Takeaways

Overall, Interactive Brokers offers a research platform that caters to both novice and advanced traders. From in-depth analysis and market commentary to advanced scanning tools and multimedia content, IBKR equips traders with a comprehensive, reliable, and actionable toolkit for navigating global financial markets.

Research SummaryInteractive Brokers
Trading Central (Recognia)Yes
AutochartistNo
Daily Market CommentaryYes
Social Sentiment - Currency PairsYes
Forex News (Top-Tier Sources)Yes
Trading platforms and tools

Interactive Brokers Education

Interactive Brokers Education

Interactive Brokers provides an extensive educational ecosystem designed to support traders at all levels, from beginners to seasoned professionals. While the core focus remains on stock trading, the broker has steadily expanded content for forex, CFDs, and broader financial markets, making it a top-tier learning resource in the industry.

Traders’ Academy and Online Resources

The Traders’ Academy portal is a cornerstone of Interactive Brokers’ educational offerings, featuring over 65 structured courses divided into beginner, intermediate, and advanced levels. Lessons include concise videos, interactive quizzes, and progress tracking to reinforce understanding. Topics cover a wide range of subjects such as market fundamentals, technical and fundamental analysis, and platform tutorials for tools like Trader Workstation (TWS). Some courses feature contributions from respected institutions, including the Chicago Mercantile Exchange and the Options Industry Council (OIC).

Complementing the Academy, the IBKR Quant blog and IBKR Campus provide articles, case studies, and research insights that help traders deepen their knowledge of financial markets and trading strategies.

Mobile Learning with IBKR InvestMentor

Interactive Brokers’ IBKR InvestMentor mobile app brings learning to smartphones and tablets. Available for both iOS and Android, the app uses a simple swipe-and-tap interface to navigate lessons efficiently. Each course is designed for quick completion with quizzes at the end to assess comprehension. Advanced lessons unlock progressively, ensuring a structured learning path. While forex-specific content is still emerging, the app integrates economic concepts, such as monetary policy, which are highly relevant to currency markets.

Webinars, Podcasts, and Video Content

Educational offerings extend beyond self-paced courses. Interactive Brokers hosts live webinars multiple times per month, covering trading strategies, market trends, and global finance. Traders can engage directly with instructors, ask questions, and receive real-time insights. Additionally, weekly podcasts and YouTube content provide expert commentary on various asset classes, including forex, stocks, and commodities. Although platform tutorials dominate some video content due to TWS complexity, forex education is gradually expanding.

Interactive Brokers Education: Key Takeaways

Overall, Interactive Brokers delivers above-average educational resources that cater to both beginners and advanced traders. With structured courses, interactive tools, mobile learning, and multimedia content, IBKR equips users with the knowledge to trade confidently across multiple markets while continuing to grow its forex and CFD learning materials.

Education SummaryInteractive Brokers
Education (Forex or CFDs)Yes
Videos - Beginner Trading VideosYes
Client WebinarsYes
Investor Dictionary (Glossary)Yes
Client Webinars (Archived)Yes
Videos - Advanced Trading VideosYes

Final Thoughts

Interactive Brokers remains a leading choice for traders seeking a comprehensive and reliable brokerage platform. With its continual expansion of trading tools and platforms, IBKR caters to both sophisticated and retail traders, providing a well-rounded suite for forex, CFD, and multi-asset trading.

Platform Accessibility and Usability

While the Trader Workstation (TWS) platform offers professional-grade features, it carries a steeper learning curve for beginners. New users may find it helpful to start with the IBKR Desktop app for enhanced usability, complemented by the web-based Client Portal for a more intuitive experience. Recent additions, like the GlobalTrader mobile app, further support novice traders with simplified navigation and order execution.

Market Access and Trading Conditions

Forex and CFD traders at Interactive Brokers benefit from direct market access (DMA), ensuring minimal re-quotes and some of the lowest spreads and commissions in the industry. This makes IBKR particularly appealing during volatile market conditions. While the range of tradable assets is excellent, certain areas, such as CFDs on commodities, could see improvement.

Institutional and Retail Recognition

For institutional clients, Interactive Brokers continues to excel, holding the top spot in 2025 and earning the 2025 Annual Award for #1 Range of Investments. The broker also received Best in Class accolades in multiple categories, including Crypto Trading, Algo Trading, Mobile Trading Apps, Professional Traders, Platform & Tools, Commissions & Fees, Research, Education, Trust Score, and Overall Performance.

Customer Service and Account Management

While IBKR offers robust account funding and withdrawal processes, expanding the available payment methods could further enhance client convenience. Additionally, customer support response times remain an area for improvement, particularly when accessing live agents.

Bottom Line

With its exceptional fees, wide range of tradable markets, advanced research tools, and versatile platforms, Interactive Brokers ranks among the best brokers for intermediate, advanced, and professional traders. Whether you are trading forex, stocks, or CFDs, IBKR combines industry-leading infrastructure with trustworthy execution and comprehensive educational resources, making it a top recommendation for serious traders.

Interactive Brokers FAQ

Does Interactive Brokers offer a demo account?

Yes. A $1 million paper trading account allows users to simulate real-market conditions across all IB platforms.

Yes. Interactive Brokers accounts can be linked to TradingView for live trading.

On the Client Portal:

  1. Hover over the ‘Trade’ menu and select the desired product.

  2. Enter the symbol and select the stock or ETF.

  3. Choose quantity, order type, limit price, and time-in-force if required.

  4. Submit the order.

  5. Track order status under ‘Orders & Trades’.

IBKR GlobalTrader is an intuitive mobile app for trading stocks, ETFs, fractional shares, and funds worldwide. Cryptocurrencies are supported in select regions. For U.S. clients, trades are commission-free; non-U.S. clients pay $0.0035 per share.

No. Interactive Brokers does not charge account maintenance, platform, or inactivity fees, except for certain Individual Savings Accounts.

Deposit by debit cards is only available to U.S. customers.

A free analytical tool that evaluates global stocks by region, sector, market capitalization, and currency, helping investors identify undervalued opportunities.

The approval process generally takes 2–3 working days after completing the application, which usually takes about 30 minutes. Clients receive an email confirmation once the account is approved.

Yes. Interactive Brokers is considered a reliable and secure broker, regulated by multiple top-tier authorities. Its long-standing operational history and public trading status further reinforce its credibility.

Yes. Two account types exist:

  • Reg T accounts: Rule-based margin calculated according to U.S. Federal Reserve guidelines.

  • Portfolio Margin accounts: Risk-based margin using the Theoretical Intermarket Margin System (TIMS).

Interactive Brokers is widely recognized as a top choice among traders and investors.

No. Spread betting is not available.

Clients can fund their accounts via wire transfer, bank transfer (ACH), or check. Note that debit card deposits are available only to U.S. residents. PayPal funding is not supported.

For CFD trading in the UK, maximum leverage is 1:30. Forex trading leverage can reach up to 50:1 for CAD and 40:1 for USD, depending on the currency pair and local regulations.

Fractional shares let you invest in a portion of a stock. For example, if you want to invest $400 in a $1,000 stock, you can purchase 0.4 of a share.

Withdrawals can take 1–4 business days depending on your bank and location. One free withdrawal per month is allowed.

Yes. With extensive educational resources, a demo account, and user-friendly platforms, beginners can comfortably start trading.

Yes. Cash accounts prohibit borrowing from the broker, limiting potential losses to the amount invested.

Yes. Competitive interest rates are offered on uninvested cash balances.

Interactive Brokers is headquartered in Greenwich, Connecticut, USA, operating globally with a strong regulatory framework.

The broker generates revenue through trading commissions, margin interest, spreads, and payment for order flow (PFOF).

Yes. Forex trading is available globally except in the U.S. for retail clients. U.S. retail clients must meet Eligible Contract Participant (ECP) criteria to trade forex.

Interactive Brokers passes interbank forex rates directly to clients with no markup, charging only a small per-trade commission for conversions between currencies.

Clients can access trading via the web-based Client Portal, Trader Workstation (TWS), IBKR GlobalTrader app, and the IBKR mobile app. All platforms support both manual and automated trading.

You will receive an email once your account is approved, usually within two working days. You can also check your application status via the “Complete Application” link provided.

  • Low fees and competitive margin rates.

  • Strong global presence and regulatory compliance.

  • Comprehensive trading tools and mobile apps.

  • Educational resources suitable for beginners and advanced traders.

  • Supports automated trading and fractional shares.

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