Interactive Brokers review 2019

Is Interactive Brokers a good broker?

Traders looking for low commissions may find Interactive Brokers to be an excellent choice. But expect to pay inactivity fees starting from $3 per month if you don't trade often.

Fee

Account minimum

Promotion

$0.005
$0
N/A

Interactive Brokers aims for active traders and day traders. Commission type is per-share, plus you get a solid trading platform and vast trading opportunities including foreign stocks. Options trades enjoy the same pricing perks. You'll only pay $0.70 cents with $1 minimum. And that's it. Also, there are volume discounts available.

What kind of trading platforms does Interactive Traders offer?

The Desktop Trader Workstation is considered by many to be one of the best trading platforms available. Aside from trading features, you get alerts, watchlists, you can create option orders and compare strategies and more.

In addition, you get advanced charting, heat maps, mutual fund replicator and so much more. If you aren't a day trader, Trader Workstation may seem too much. But you can open a paper trading account and simulate trades with a virtual account.

You can also trade on a web platform or on their mobile app.

Standout features

  • Low commissions. Pricing is $0.005 per stock, and options trading charges only $0.70 per contract.
  • Education and research. Get access to Zacks Investment Research, Morningstar Equity Ownership, Market Realist, 24/7 Wall Street and Seeking Alpha. You can subscribe to more than 100 additional providers.
  • Vast investment choices. Trade stocks, options, 48 commission-free ETFs, commodities, forex, futures. If you prefer automated trading, you can use an EA.

Watch out

  • Fees. You'll have to pay $3 per month inactivity fee if you're younger than 25 years. $20 per month goes to anyone having less than $2,000 in their account. Above that, you'll pay a $10 inactivity fee.
  • No promotion. Other brokers offer a promotion in one form or another. But Interactive Brokers don't. Instead, they are focused on offering you low commissions.

What can I trade with Interactive Brokers?

  • Stocks (including foreign stocks)
  • Options
  • ETFs
  • Mutual funds
  • Bonds
  • Futures
  • Forex
  • Commodities

How do I signup with Interactive Brokers?

  1. Go to Interactive Brokers website.
  2. Click either Start Here or Open Account.
  3. Scroll down the page and click Start Application.
  4. Fill out the application form.
  5. Fund your account.

Bottom line

If you're a frequent trader who wants to pay low commission, then Interactive Brokers could be worth considering. In addition, you get access to third-party research, a solid trading platform and a vast number of trading instruments.