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Interactive Brokers Review

January 29, 2024

Interactive Brokers has global reach, professional-caliber tools, investment options for any objective or market, and, to top it off, is often the least expensive in many of the categories we analyze. Now it’s focused on becoming more accessible to individual investors.

Interactive Brokers
4.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
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New client offer, special margin rates.

Pros & Cons

thumb_up_off_alt Pros

  • An astounding array of highly customizable tools, investment choices, and research.
  • The ability to trade in foreign markets and hold multiple currencies.
  • Convenient mobile apps and a very good web portal for individual investors.

thumb_down_off_alt Cons

  • Conservative in granting trading permissions.
  • Occasionally inconvenient for plain-vanilla investing..
  • If you’re looking for a friendly companion for your investing journey, either adopt a kitten or choose another broker.

Overall summary

Feature Interactive Brokers logoInteractive Brokers
Overall 4.5/5 Stars
Investment Options 5/5 Stars
Commissions & Fees 4.5/5 Stars
Mobile Trading Apps 5/5 Stars
Platforms & Tools 5/5 Stars
Research 5/5 Stars
Customer Service 4/5 Stars
Education 4.5/5 Stars
Ease Of Use 4.5/5 Stars

feed Recent news

January 2024: Crypto ETFs. Interactive Brokers now allows trading of spot bitcoin ETFs in brokerage accounts.

Investment options

Interactive Brokers provides the most diverse offering in the industry and leads by a wide margin in multiple areas, including international trading. Globally, customers in over 200 countries can trade in more than 150 markets.

I ran into two frustrations with IBKR. One probably won’t affect many retail customers, and the other will affect virtually everyone. The first is its somewhat restrictive trading permissions. If you want to trade options or leveraged trading products (such as SQQQ), be aware that IBKR has unusually high standards for granting permission to trade them.

If you’re just sticking to stocks and ETFs, you’ll likely run into another small annoyance: the need to specify a trading instrument after entering a ticker symbol. For example, entering “NVDA” into the search bar yielded around two dozen ways to take a position on the company. Happily, the common stock was the first choice, but it’s something that doesn’t happen as often at domestic-only brokers. I’d appreciate an account setting that defaults searches to certain markets.

Cryptocurrency: Interactive Brokers added cryptocurrency trading to its offerings in 2021. Traders can trade bitcoin, ethereum, litecoin, and bitcoin cash through their integrated account. And, whoa man, is crypto trading cheap: Commissions are 0.12% to 0.18%, with a minimum of $1.75 per order and a maximum of 1% of trade value.

Forex: Do you want to lock in a high exchange rate before traveling overseas or diversify away from a gyrating U.S. dollar? No problem. It’s easy and inexpensive to exchange currencies at IBKR, a feature you won’t find at many other brokers. (If you’re interested in trading forex, see the IBKR review on our sister site, ForexBrokers.com.)

Other: Interactive Brokers lets U.S. investors trade spot gold in amounts as small as one ounce. There are also Micro and Small futures contracts, opening access to the futures markets to a broader audience. Small Exchange futures are only $0.08 per contract.

Feature Interactive Brokers logoInteractive Brokers
Stock Trading info Yes
Margin Trading Yes
OTC Stocks info Yes
Options Trading info Yes
Complex Options Max Legs info 6
Bonds (US Treasury) info Yes
Futures Trading info Yes
Forex Trading info Yes
Mutual Funds (Total) info 11456
Crypto Trading info Yes
Crypto Trading - Total Coins info 4
Traditional IRAs info Yes
Roth IRAs info Yes
Advisor Services info No
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account_balance One of the best for high net worth

We analyzed online brokers' offerings for clients with over $1 million of liquid, investable assets. See our guide to the Best Brokerage Firms for High Net Worth Individuals.

Commissions and fees

Interactive Brokers offers two pricing plans: IBKR Pro (meant for professionals) and IBKR Lite (for casual investors).

IBKR Lite: With IBKR Lite, there are no market data fees and all U.S. stock and ETF trades are $0. Options trades are $0.65 per contract. The only caveat to IBKR Lite is slightly lower-quality order executions due to payment for order flow (PFOF). Like most other $0 commission brokers, under IBKR Lite, Interactive Brokers makes money from PFOF. Though we’re no fans of PFOF at StockBrokers.com, it only affects executions by a few pennies per $1,000 traded. Retail investors shouldn’t let it be a dealbreaker.

IBKR Pro stock trades: The tiered pricing plan starts at $.0035 per share ($0.35 minimum), unless you’re trading 300,000 or more shares monthly, which can drive it down to as low as $.0005. There’s also a fixed Pro plan that isn’t volume-dependent. Institutions will pay this for being able to route orders to dark pools in hopes of getting better executions on their gazillion share positions, something those of us trading 50 shares of Amazon or Apple shouldn’t worry about.

IBKR Pro options trades: On U.S. exchanges using Interactive Brokers SMART routing, commissions per options contract are tiered. Any premium greater than $0.10 equals $0.65 per contract with a $1 minimum and no maximum. For premiums between $0.05 and $0.10, the rate is $0.50 per contract. Finally, for premiums less than $0.05, the rate is $0.25 per contract.

IBKR Pro other benefits: Interactive Brokers does not accept payment for order flow in IBKR Pro, a key element in providing quality order execution.

Mutual funds: Interactive Brokers offers over 48,000 mutual funds globally, with over 11,000 in the U.S. Of the U.S. mutual funds, over 4,000 are ticket charge-free; otherwise, the standard fee is the lesser of 1.5% of the trade value or $14.95, which is still a good price compared to most other brokers.

Penny stocks: IBKR Pro is not a good choice for trading penny stocks, as you’ll pay a per-share commission.

Feature Interactive Brokers logoInteractive Brokers
Minimum Deposit $0.00
Stock Trades $0.00
Penny Stock Fees (OTC) info $0.00
ETF Trade Fee $0.00
Options (Base Fee) $0.00
Options (Per Contract) $0.65
Options Exercise Fee $0.00
Options Assignment Fee $0.00
Futures (Per Contract) $0.85
Mutual Fund Trade Fee $14.95
Broker Assisted Trade Fee $30
View More

Mobile trading apps

Given the flagship IBKR Mobile, Impact, and GlobalTrader apps, there’s something for everyone, unless you’re looking for a lighthearted approach or personal finance coaching. IBKR won’t hound you to quit your daily Starbucks and save $5 a day. It seeks to be a technology and price leader rather than becoming the next e-Suze Orman or e-Jean Chatzky.

There are three mobile apps available to retail investors. The two novice-focused apps, Impact and GlobalTrader, cater to different interests while sharing many elements. Clients can use any or all three apps.

IBKR Mobile: The IBKR Mobile app is the most feature-laden of IBKR’s mobile app suite. From lightning-quick streaming data to full-featured order entry and portfolio management, IBKR Mobile includes almost everything experienced investors and professionals require to trade on the go, and it’s not too heavy a lift for individual investors, either.

GlobalTrader: Beginners and foreign stock aficionados will enjoy using GlobalTrader, which allows fractional stock trades, options trading and convenient access to foreign shares. Everything is clearly laid out and easy to operate. I’d rank GlobalTrader above many apps from beginner-focused brokers.

Impact: The Impact app, which focuses on ESG (environmental, social and governance) investing, prompts you to choose values that are important to you, such as clean water or opposition to animal testing. From there, you can identify companies that support those values and even “swap” positions in your portfolio with a single trade. Your Impact dashboard will display an A-F grade for your portfolio based on the values chosen.

Charting: Charting on IBKR Mobile is robust. There’s a revamped charting package that’s a notable improvement over an already very good one. There are over 90 optional indicators, 80 drawing tools, and easy customizations. One nitpick: I wasn’t able to find stock and/or index comparisons. Customizations are saved to the cloud, so chart markups can appear on any platform.

Tap for a demo of IBKR's mobile app.

IBKR mobile apps gallery

Feature Interactive Brokers logoInteractive Brokers
iPhone App info Yes
Android App info Yes
Apple Watch App info Yes
Stock Alerts info Yes
Charting - After-Hours info Yes
Charting - Technical Studies info 97
Charting - Study Customizations info Yes
Watch List (Streaming) info Yes
Watch Lists - Create & Manage info Yes
Watch Lists - Column Customization info Yes

currency_poundInvesting in the U.K.

Interactive Brokers also made our top picks for trading apps in the United Kingdom, along with four other strong contenders. Read more on our sister site, UK.StockBrokers.com.

Other trading platforms and tools

Interactive Brokers’ flagship platform, the desktop-based Trader Workstation (TWS), supports trading almost everything under the sun. While TWS is not designed for new investors, it easily ranks among the best trading platforms in the industry, even if it does come across as being a bit long in the tooth. Luckily IBKR seems to be addressing that with a new desktop app.

IBKR Desktop: A recent addition to IBKR’s stable of platforms is the downloadable Desktop. Though it’s clearly under development (I tested version 0.04) and very skinny in features, it’s a big leap forward in design compared to Trader Workstation. I’m eagerly awaiting a fully built-out version. For now, it’s more of a feature to watch than a platform for daily use.

TWS trading tools: Tools designed for seasoned traders abound within TWS: algo trading, an Options Strategy Lab, Volatility Lab, Risk Navigator, Market Scanner, and Strategy Builder, to name a few. Watch lists can include anything from equities to individual options contracts, futures, forex, warrants – you name it. Hundreds of data points are available for column customization.

IBot: IBot, also available in IBKR Mobile, uses a foundation of artificial intelligence to quickly service customer requests via chat (or voice in the iPhone app). Portfolio information, orders, quotes, and more are all supported. Think, "What's the last price of GOOG?" or, "Chart AAPL vs. MSFT" or, "Buy 100 shares of META."

Client Portal: This platform for less-experienced traders is offered through Interactive Brokers’ website and includes all the core features necessary to trade and manage a portfolio. Portal, like IBKR Mobile, is feature-rich without trying to pack as much data as possible onto the screen, striking a good balance between utility and ease of use.

Client Portal and Trader Workstation (TWS) gallery

Feature Interactive Brokers logoInteractive Brokers
Active Trading Platform info Trader Workstation (TWS)
Desktop Trading Platform info Yes
Desktop Platform (Mac) info Yes
Web Trading Platform info Yes
Paper Trading info Yes
Trade Journal info Yes
Watch Lists - Total Fields info 659
Charting - Indicators / Studies info 155
Charting - Drawing Tools info 85
Charting - Study Customizations info 6
Charting - Save Profiles info Yes
Trade Ideas - Technical Analysis info Yes
Streaming Time & Sales info Yes
Trade Ideas - Backtesting info Yes
View More

Research

For casual investors, sticking to Fundamentals Explorer within Client Portal is, hands down, the way to go for doing research. Trader Workstation is a better fit for seasoned traders and professionals. Interactive Brokers requires a $500 minimum balance for PDF reports from third-party providers.

Fundamentals Explorer: Built to help everyday investors perform traditional fundamental research on stocks, ETFs, and mutual funds, the Fundamentals Explorer page uses charts and graphs to visualize data. For example, the Social Sentiment analysis tab uses a slew of X (formerly Twitter) data to plot sentiment over time on a chart, which helps visualize social activity around a stock. There are also automated technical opinions from Trading Central.

Stock research: TWS research highlights include numerous screeners, extensive back-testing functionality, and portfolio analysis tools, which are all excellent. For traders looking to conduct specific research, Interactive Brokers offers third-party provider feeds a la carte. Any provider package purchased integrates straight into TWS.

However, performing even basic research on stocks, ETFs, and mutual funds on TWS is nothing like the traditional full-service brokerage experience one might find at Charles Schwab or Fidelity. It’ll take a while to learn how to navigate TWS to find the information you want and assemble a layout that works for you. Expect some frustration.

The web-based Client Portal, in contrast, is far easier to use and, while not quite as intuitive as the offerings of leaders in this arena, is a much lighter lift than TWS, and goes far deeper than many other firms’ web offerings.

ESG research: Interactive Brokers includes a variety of environmental, social and governance ratings and research across its platforms, including the abovementioned Impact tool, which lets you score your portfolio stock holdings for ESG-specific metrics.

PortfolioAnalyst: One of my favorite functions on a Bloomberg terminal was its portfolio performance reporting. I could see how my portfolio stacked up against a benchmark and what was driving the differences: The function told me whether my under/outperformance was due to stock picking, sector allocations, or market timing. Unfortunately, a Bloomberg terminal costs well over $24K a year. So you can imagine how happy I am to find that IBKR offers the same thing for free. PortfolioAnalyst provides traders with hedge fund-level reporting on their portfolio's performance and makeup. Interactive Brokers also offers a free version for non-clients where you can link all your accounts and run reports. It's a compelling tool for traders with assets spread across several brokers.

Feature Interactive Brokers logoInteractive Brokers
Research - Stocks info Yes
Stock Research - ESG info Yes
Stock Research - PDF Reports info 17 info
Screener - Stocks info Yes
Research - ETFs info Yes
Screener - ETFs info Yes
Research - Mutual Funds info Yes
Screener - Mutual Funds info Yes
Research - Pink Sheets / OTCBB info Yes
Research - Bonds info Yes

Education

Interactive Brokers offers numerous options to learn about trading and investing under the Education tab on the home page. Check out IBKR Campus and the Trader's Academy if you're getting started. There is a wide variety of well-organized written material, video content, and even some quizzes with progress tracking. Unlike some brokers that want to come across as cute and cuddly (not that there’s nothing wrong with that), IBKR’s educational material takes a professional tone. Its content will inform, not entertain. That’s fine by me.

Feature Interactive Brokers logoInteractive Brokers
Education (Stocks) info Yes
Education (ETFs) info Yes
Education (Options) info Yes
Education (Mutual Funds) info Yes
Education (Bonds) info Yes
Education (Retirement) info Yes
Paper Trading info Yes
Videos info Yes
Webinars info Yes
Webinars (Archived) info Yes
Progress Tracking info Yes
Interactive Learning - Quizzes info Yes
View More

Banking services

While Interactive Brokers does not provide traditional banking services, it does offer its version of a cash management account with a debit card, bill pay, and the ability to earn interest on uninvested cash. Bill payments and ATM withdrawals are $0.50.

Your account must be denominated in a base currency that has a positive interest rate to earn interest. There are also minimum tier cutoff levels, wherein you earn a yield only on cash that exceeds those levels, which vary per currency.

Feature Interactive Brokers logoInteractive Brokers
Bank (Member FDIC) info No
Checking Accounts info No
Savings Accounts info No
Credit Cards info No
Debit Cards info Yes
Mortgage Loans info No

Customer service

To score Customer Service, StockBrokers.com partners with customer experience research firm Confero to conduct phone tests from locations throughout the United States. For this year's testing, 135 customer service tests were conducted over six weeks, with wait times logged for each call.

Customer service representatives were asked for assistance or details for prospective customers in several areas of broker services, including account opening, trading tools, apps, rollovers, active trading, and more. Here are the results for Interactive Brokers.

  • Average Connection Time: 1-2 minutex
  • Average Net Promoter Score: 4.2 / 10
  • Average Professionalism Score: 3.7 / 10
  • Overall Score: 7.7 / 10
  • Ranking: 12th of 13 brokers

Final thoughts

With industry-leading commission rates for professional traders, more than 100 optional order types (and that’s not counting third-party offerings), trading in over 150 markets, and platforms suitable for beginners or professionals, Interactive Brokers is an excellent choice for sophisticated investors and the professionals who serve them. I also like IBKR for beginner investors looking for fractional shares, paper trading, easy mobile apps and trustworthy educational content, but some other brokers do offer a friendlier novice experience.

Here are our three top takeaways for Interactive Brokers for 2024.

  1. Interactive Brokers is best known for offering traders access to global markets. Additionally, professionals can take advantage of industry-leading commissions, including the lowest margin rates across all balance tiers.
  2. Interactive Brokers is an excellent choice for day trading, mobile trading, options trading, futures trading and professional trading.
  3. IBKR is also a great choice for beginners, but a bit more, well, pizzazz would go a long way.

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Is my money safe with Interactive Brokers?

Interactive Brokers is well-capitalized and is licensed and regulated in nearly a dozen major jurisdictions, making it a safe broker to hold your money. Interactive Brokers is a publicly traded company (NASDAQ: IBKR) with a market capitalization of over $34 billion as of October 2023.

Money held in an investment account with Interactive Brokers in the U.S. is protected by SIPC insurance, which covers up to $500,000 in securities and up to $250,000 in cash. If you hold more than $250,000 in cash, Interactive Brokers offers a Insured Bank Deposit Sweep Program, which provides up to $2.5 million in FDIC insurance in addition to the SIPC insurance. There’s additional account coverage through Lloyd’s of London. This coverage, of course, doesn’t extend to investment losses.

The degree of security may depend on the specific country you are located in and the related regulatory requirements that Interactive Brokers follows in countries where it holds client funds, such as the U.S., U.K., Canada, Australia, Singapore, India and Japan.

Is Interactive Brokers FDIC insured?

Interactive Brokers does not carry FDIC insurance, because it is not a bank. Instead, IBKR is a member of the Securities Investor Protection Corporation, which insures clients against losses due to broker insolvency, and IBKR carries additional protection through Lloyd’s of London. It can, however, sweep cash balances into FDIC-insured banks.

Is Interactive Brokers good for beginners?

IBKR has many beginner-friendly features, such as fractional shares, paper trading, and simplified mobile apps. The broker’s investor education covers a broad range of topics and lets you test your newly acquired knowledge through quizzes. Other brokers might come across as friendlier, but IBKR delivers on substance.

Is there a disadvantage to using Interactive Brokers?

Interactive Brokers is one of our top-rated brokerage firms due to its comprehensive tools, great choice of platforms, and very attractive pricing. It also has excellent educational content and continues to be an industry innovator. That said, some investors might prefer a simpler experience over the global capabilities and impersonal presentation of IBKR.

Why is Interactive Brokers so cheap?

Interactive Brokers is cheap because it leverages technology efficiently and competes as a low-cost provider. According to CSI Markets, Interactive Brokers’ revenue per employee was recently over $3.8 million, which compares favorably to competitor Charles Schwab’s figure of $621,826.

Does IBKR have fees?

IBKR Lite is the zero-commission tier for retail brokers at Interactive Brokers. There’s also a pro version that charges commissions. Like all brokers, IBKR has incidental charges. One of the most unusual is a fee of $1 or more per withdrawal, if you exceed one withdrawal per calendar month.

Are Interactive Brokers’ fees high?

IBKR competes aggressively on price and is often among the lowest-cost brokers in several areas, especially in margin rates and cryptocurrency trading.

Does Interactive Brokers trade crypto?

Does Interactive Brokers trade crypto? Yes, Interactive Brokers customers can trade bitcoin, bitcoin cash, ethereum, and litecoin.

What is the difference between IBKR Pro and Lite?

Interactive Brokers’ Lite tier is intended for individual investors and provides commission-free stock and ETF trades in exchange for IBKR receiving payment for order flow. IBKR Pro is for larger trades and higher volume traders and also charges lower margin rates. Most individuals will likely be better off choosing IBKR Lite, but it’s easy to switch between them as your needs evolve.

About Interactive Brokers

Headquartered in Greenwich, Connecticut, Interactive Brokers (NASDAQ: IBKR) was founded in 1978 by Thomas Peterffy, who is respected as "an early innovator in computer-assisted trading." Interactive Brokers is most widely recognized for its extensive international reach. The firm places almost 2 million trades per day and services over 1.5 million client accounts with over $296 billion in customer equity.

Interactive Brokers 2024 Results

For the StockBrokers.com 2024 Annual Awards, announced on Jan. 23, 2024, all U.S. equity brokers we reviewed were assessed on over 200 different variables across eight areas: Commissions & Fees, Investment Options, Platforms & Tools, Research, Mobile Trading, Education, Ease of Use, and Overall.

StockBrokers.com also presented “Best in Class” awards to brokers for additional categories Beginners, Options Trading, Futures Trading, Day Trading, IRA Accounts, Investor Community, Penny Stock Trading, Bank Brokerage, High Net Worth Investors, and Customer Service. A “Best in Class” designation means finishing in the top five brokers for that category.

For more information, see how we test.

Category awards

Interactive Brokers logoInteractive Brokers Overall Commissions & Fees Research Platforms & Tools Mobile Trading Apps Investment Options Education Day Trading Beginners Futures Trading IRA Accounts Options Trading High Net Worth Investors
Rank #1 check check check check
Streak #1 1 1 7 2
Best in Class check check check check check check check check check check check check check
Best in Class Streak 1 8 4 8 8 8 1 8 1 5 1 8 1

Industry awards

Interactive Brokers logoInteractive Brokers #1 Bond Trading #1 ESG Investing #1 Fractional Shares #1 International Trading #1 Order Execution #1 Platform Technology #1 Professional Trading #1 Sentiment Investing
Rank #1 check check check check check check check check
Streak 1 2 1 13 1 2 4 2

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StockBrokers.com Review Methodology

Our mission at StockBrokers.com is simple: provide thorough and unbiased reviews of online brokers, based on an extraordinary level of hands-on testing and data collection. Our ratings and awards are based on this data and our in-house experts’ deep authority in the field; brokers cannot pay for preferential treatment. Here’s more about trustworthiness at StockBrokers.com.

Our research team conducts thorough testing on a wide range of features, products, services, and tools for U.S. investors, collecting and validating thousands of data points in the process; this makes StockBrokers.com home to the largest independent database on the web covering the online broker industry. We test all available trading platforms for each broker and evaluate them based on a host of data-driven variables. All research, writing and data collection at StockBrokers.com is done by humans, for humans. Read our generative AI policy here.

As part of our process, all brokers had the annual opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Brokers also were offered the opportunity to provide executive time for an annual update meeting.

Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.

Interactive Brokers fees and features data

The data collection efforts at StockBrokers.com are unmatched in the industry. The following tables show a deeper dive into the offerings available at this broker. You can also compare its offerings side-by-side with those of other brokers using our Comparison Tool.

In addition to meticulous annual data collection by our in-house analyst, every broker that participates in our review is afforded the opportunity to complete an in-depth data profile. We then audit each data point to ensure its accuracy.

Trading fees

Feature Interactive Brokers logoInteractive Brokers
Minimum Deposit $0.00
Stock Trades $0.00
Mutual Fund Trade Fee $14.95
Options (Base Fee) $0.00
Options (Per Contract) $0.65
Futures (Per Contract) $0.85
Broker Assisted Trade Fee $30

Account fees

Feature Interactive Brokers logoInteractive Brokers
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) info $0.00
Account Transfer Out (Full) info $0.00
Options Exercise Fee $0.00
Options Assignment Fee $0.00

Margin rates

Feature Interactive Brokers logoInteractive Brokers
Margin Rate Under $25,000 7.83% info
Margin Rate $25,000 to $49,999.99 7.83% info
Margin Rate $50,000 to $99,999.99 7.83% info
Margin Rate $100,000 to $249,999.99 7.83% info
Margin Rate $250,000 to $499,999.99 7.83% info
Margin Rate $500,000 to $999,999.99 7.83% info
Margin Rate Above $1,000,000 7.83% info

Investment options

Feature Interactive Brokers logoInteractive Brokers
Stock Trading info Yes
Margin Trading Yes
Fractional Shares info Yes
OTC Stocks info Yes
Options Trading info Yes
Complex Options Max Legs info 6
Futures Trading info Yes
Forex Trading info Yes
Crypto Trading info Yes
Crypto Trading - Total Coins info 4
Mutual Funds (No Load) info 10988
Mutual Funds (Total) info 11456
Bonds (US Treasury) info Yes
Bonds (Corporate) info Yes
Bonds (Municipal) info Yes
Advisor Services info No
International Countries (Stocks) info 33
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Order types

Feature Interactive Brokers logoInteractive Brokers
Order Type - Market info Yes
Order Type - Limit info Yes
Order Type - After Hours info Yes
Order Type - Stop info Yes
Order Type - Trailing Stop info Yes
Order Type - OCO info Yes
Order Type - OTO info Yes
Order Type - Broker Assisted info Yes

Beginners

Feature Interactive Brokers logoInteractive Brokers
Education (Stocks) info Yes
Education (ETFs) info Yes
Education (Options) info Yes
Education (Mutual Funds) info Yes
Education (Bonds) info Yes
Education (Retirement) info Yes
Retirement Calculator info Yes
Investor Dictionary info Yes
Paper Trading info Yes
Videos info Yes
Webinars info Yes
Webinars (Archived) info Yes
Progress Tracking info Yes
Interactive Learning - Quizzes info Yes
View More

Stock trading apps

Feature Interactive Brokers logoInteractive Brokers
iPhone App info Yes
Android App info Yes
Apple Watch App info Yes
Trading - Stocks info Yes
Trading - After-Hours info Yes
Trading - Simple Options info Yes
Trading - Complex Options info Yes
Order Ticket RT Quotes info Yes
Order Ticket SRT Quotes info Yes

Stock app features

Feature Interactive Brokers logoInteractive Brokers
Market Movers (Top Gainers) info Yes
Stream Live TV info Yes
Videos on Demand info Yes
Stock Alerts info Yes
Option Chains Viewable info Yes
Watch List (Real-time) info Yes
Watch List (Streaming) info Yes
Watch Lists - Create & Manage info Yes
Watch Lists - Column Customization info Yes
Watch Lists - Total Fields info 659

Stock app charting

Feature Interactive Brokers logoInteractive Brokers
Charting - After-Hours info Yes
Charting - Can Turn Horizontally info Yes
Charting - Multiple Time Frames info Yes
Charting - Technical Studies info 97
Charting - Study Customizations info Yes
Charting - Stock Comparisons info No

Trading platforms overview

Feature Interactive Brokers logoInteractive Brokers
Active Trading Platform info Trader Workstation (TWS)
Desktop Trading Platform info Yes
Desktop Platform (Mac) info Yes
Web Trading Platform info Yes
Paper Trading info Yes
Trade Journal info Yes
Watch Lists - Total Fields info 659

Trading platform stock chart features

Feature Interactive Brokers logoInteractive Brokers
Charting - Adjust Trades on Chart info Yes
Charting - Indicators / Studies info 155
Charting - Drawing Tools info 85
Charting - Notes info Yes
Charting - Index Overlays info Yes
Charting - Historical Trades info Yes
Charting - Corporate Events info Yes
Charting - Custom Date Range info Yes
Charting - Custom Time Bars info Yes
Charting - Automated Analysis info Yes
Charting - Save Profiles info Yes
Trade Ideas - Technical Analysis info Yes
Charting - Study Customizations info 6
Charting - Custom Studies info No
View More

Day trading features

Feature Interactive Brokers logoInteractive Brokers
Streaming Time & Sales info Yes
Streaming TV info Yes
Direct Market Routing - Stocks info Yes
Ladder Trading info Yes
Trade Hot Keys info Yes
Level 2 Quotes - Stocks info Yes
Trade Ideas - Backtesting info Yes
Trade Ideas - Backtesting Adv info Yes
Short Locator info Yes
Order Liquidity Rebates info Yes

Investment research overview

Feature Interactive Brokers logoInteractive Brokers
Research - Stocks info Yes
Research - ETFs info Yes
Research - Mutual Funds info Yes
Research - Pink Sheets / OTCBB info Yes
Research - Bonds info Yes
Screener - Stocks info Yes
Screener - ETFs info Yes
Screener - Mutual Funds info Yes
Screener - Bonds info Yes
Misc - Portfolio Allocation info Yes

Stock research features

Feature Interactive Brokers logoInteractive Brokers
Stock Research - PDF Reports info 17 info
Stock Research - Earnings info Yes
Stock Research - Insiders info Yes
Stock Research - Social info Yes
Stock Research - News info Yes
Stock Research - ESG info Yes
Stock Research - SEC Filings info Yes

ETF research features

Feature Interactive Brokers logoInteractive Brokers
ETFs - Strategy Overview info Yes
ETF Fund Facts - Inception Date info Yes
ETF Fund Facts - Expense Ratio info Yes
ETF Fund Facts - Net Assets info Yes
ETF Fund Facts - Total Holdings info Yes
ETFs - Top 10 Holdings info Yes
ETFs - Sector Exposure info Yes
ETFs - Risk Analysis info Yes
ETFs - Ratings info Yes
ETFs - Morningstar StyleMap info Yes
ETFs - PDF Reports info Yes
View More

Mutual fund research features

Feature Interactive Brokers logoInteractive Brokers
Mutual Funds - Strategy Overview info Yes
Mutual Funds - Performance Chart info Yes
Mutual Funds - Performance Analysis info Yes
Mutual Funds - Prospectus info Yes
Mutual Funds - 3rd Party Ratings info Yes
Mutual Funds - Fees Breakdown info Yes
Mutual Funds - Top 10 Holdings info Yes
Mutual Funds - Asset Allocation info Yes
Mutual Funds - Sector Allocation info Yes
Mutual Funds - Country Allocation info Yes
Mutual Funds - StyleMap info Yes
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Options trading overview

Feature Interactive Brokers logoInteractive Brokers
Option Chains - Basic View info Yes
Option Chains - Strategy View info Yes
Option Chains - Streaming info Yes
Option Chains - Total Columns info 38
Option Chains - Greeks info 12
Option Chains - Quick Analysis info Yes
Option Analysis - P&L Charts info Yes
Option Probability Analysis info Yes
Option Probability Analysis Adv info Yes
Option Positions - Greeks info Yes
Option Positions - Greeks Streaming info Yes
Option Positions - Adv Analysis info Yes
Option Positions - Rolling info Yes
Option Positions - Grouping info Yes
View More

Banking features

Feature Interactive Brokers logoInteractive Brokers
Bank (Member FDIC) info No
Checking Accounts info No
Savings Accounts info No
Credit Cards info No
Debit Cards info Yes
Mortgage Loans info No

Customer service options

Feature Interactive Brokers logoInteractive Brokers
Phone Support (Prospect Customers) info Yes
Phone Support (Current Customers) info Yes
Email Support info Yes
Live Chat (Prospect Customers) info No
Live Chat (Current Customers) info Yes
24/7 Support info No

References

Interactive Brokers' Wikipedia


About the Editorial Team

Sam Levine, CFA, CMT
Sam Levine, CFA, CMT

Sam Levine has over 30 years of experience in the investing field as a portfolio manager, financial consultant, investment strategist and writer. He also taught investing as an adjunct professor of finance at Wayne State University. Sam holds the Chartered Financial Analyst and the Chartered Market Technician designations and is pursuing a master's in personal financial planning at the College for Financial Planning. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets.

Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

Carolyn Kimball
Carolyn Kimball

Carolyn Kimball is managing editor for Reink Media and the lead editor for the StockBrokers.com Annual Review. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

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