Interactive Brokers Reviews & Ratings

4.3/5

“Advanced Options Trading Platform”

I trade options, and Interactive Brokers offers the tools I need to execute complex strategies. The analytics help me understand potential outcomes and risks. The platform's interface is detailed, which might be overwhelming at first, but it's worth learning. It has enhanced my options trading significantly.

Pros : Supports complex options strategies with detailed analytics.

Cons : The interface can be intimidating for new options traders.

Switched from : QuantMan

Reason to switch : I needed a platform that supports advanced options trading strategies.

4.3/5

“Excellent for Global Trading”

Interactive Brokers lets me trade in many countries, which is perfect for my investment goals. I can buy stocks from Europe, Asia, and more. The fees are low, and the execution is fast. However, the platform isn't the easiest to use at first. It took me some time to learn where everything is. But now, I can manage my investments globally without any issues.

Pros : Access to over 135 markets in 33 countries.

Cons : The user interface isn't very beginner-friendly.

Switched from : E*TRADE

Reason to switch : I needed access to international markets and lower trading fees.

4.3/5

“Low Fees Make a Big Difference”

I was tired of paying high fees with my previous broker. Interactive Brokers charges much less, which saves me money. I can trade more without worrying about fees eating into my profits. The only downside is that when I had a question, it took a while to get a response from customer service. But overall, the savings are worth it.

Pros : Very low trading commissions.

Cons : Customer service response times can be slow.

Switched from : Charles Schwab

Reason to switch : I was looking for a broker with lower trading fees.

4.2/5

“Great for Advanced Traders, but a Bit Complex at First”

I started using Interactive Brokers because I wanted to trade in different countries. The fees are low, which is great. But when I first used the platform, it was a bit confusing. There are so many tools and options. After spending some time learning, I got the hang of it. Now, I can trade stocks from various countries easily. It's a powerful platform once you understand it.

Pros : Interactive Brokers offers low fees and access to many global markets.

Cons : The platform can be overwhelming for beginners.

Switched from : Robinhood

Reason to switch : I wanted to access international markets and have more advanced trading tools.

4.2/5

“Ideal for International Investors”

As an investor interested in global markets, Interactive Brokers is perfect. I can trade stocks in different countries and currencies. This diversification helps my portfolio. Setting up the account took some time due to the detailed verification process, but it's understandable for security reasons. Now, I can invest internationally with ease.

Pros : Ability to trade in multiple currencies and markets.

Cons : The account setup process is detailed and time-consuming.

Switched from : Fidelity

Reason to switch : I needed a platform that supports international trading and multiple currencies.

4.2/5

“Comprehensive Research Tools”

Interactive Brokers provides a wealth of research tools that help me make informed decisions. I can access reports, news, and analysis on various stocks and markets. However, some of these tools are only on the desktop version, which means I can't use them on the go. Still, the information available is invaluable for my trading strategy.

Pros : Access to extensive market research and data.

Cons : Some research tools are only available on the desktop platform.

Switched from : Merill Edge

Reason to switch : I was looking for more in-depth research tools to support my investments.

4.1/5

“Reliable Execution and Fast Trades”

When I place trades, they execute quickly, which is crucial for my trading style. The platform is stable and doesn't crash, even during high market volatility. I use the mobile app when I'm away from my computer, but it doesn't have all the features of the desktop version. Still, it's useful for monitoring my portfolio on the go.

Pros : Fast trade execution and reliable platform performance.

Cons : The mobile app lacks some features available on the desktop version.

Switched from : Alpaca

Reason to switch : I was looking for a more reliable platform with faster trade execution.

4.1/5

“Best for Active Traders”

As an active trader, Interactive Brokers suits my needs perfectly. The low margin rates save me money, and the advanced tools help me analyze the market effectively. However, if you're not trading frequently, there are inactivity fees, which can add up. For someone like me who trades often, it's not an issue, but it's something to consider.

Pros : Low margin rates and advanced trading tools.

Cons : Monthly inactivity fees for less active accounts.

Switched from : TradeStation

Reason to switch : I wanted lower margin rates and more advanced trading tools.

4.1/5

“Great for Forex Trading”

I trade forex, and Interactive Brokers offers a wide range of currency pairs. The spreads are low, which helps me maximize profits. The trading platform has many features, which can be a bit much at first. But after learning how to use them, I can execute trades efficiently. It's a solid choice for forex traders.

Pros : Access to many currency pairs and low spreads.

Cons : The platform can be complex for beginners.

Switched from : OANDA

Reason to switch : I wanted access to more currency pairs and better trading tools.

4/5

“Powerful Tools for Serious Traders”

As someone who trades frequently, I appreciate the advanced tools Interactive Brokers offers. The charting features help me analyze stocks deeply. I can customize my trading screen to fit my needs. At first, it was a bit hard to understand all the features, but after some practice, it became second nature. It's a great platform for serious traders.

Pros : Advanced charting tools and customizable trading options.

Cons : Steep learning curve for new users.

Switched from : TD Ameritrade

Reason to switch : I wanted more advanced trading tools and lower fees.