In this InteractiveBrokers Review, we are going to take a look at the offer that this broker prepared for its traders. InteractiveBrokers is regulated by the ASIC in Australia and by the FCA in the UK. InteractiveBrokers operates on the financial market since 1978. When it comes to trading platforms, the broker features TWS. The InteractiveBrokers minimum deposit is 25000 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this InteractiveBrokers Review
| Website address: | interactivebrokers.com |
| Operated by: | Interactive Brokers group |
| Licensed and authorised by regulatory bodies: | ASIC FCA IIROC SFC SEBI CSSF FINRA SEC |
| Supported languages: | English, German, Spanish, French and Italian |
| Customer support available via: | |
| Available deposit methods: | Bank transfer, ACH (Automated Clearing House), BPAY, Check, Direct Debit, Local Bank Deposits, Transfer from Existing Broker |
| Available withdrawal methods: | Bank transfer, ACH (Automated Clearing House), BACS (Bankers' Automated Clearing Services), Check, Direct Debit, EFT (Electronic Funds Transfer), GIRO (General Interbank Recurring Order), SEPA (Single Euro Payments Area) |
| Minimum deposit: | 25000 USD |
| Min. trade in lots: | 0.25 |
| Spreads: | Typical spread on the currency pair EUR/USD - 0,3 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (20), stocks, commodities, indices |
| Mobile app: |  |
| MetaTrader 4: |  |
| Other trading platforms: | TWS |
| Social trading: | |
InteractiveBrokers Fees (typical spreads)
We have scanned fees (typical spreads) that InteractiveBrokers charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 0,3* | 0,2* | * | 0,7* | * |
*Typical spreads were recorded on 17.01.2020 at 21:21 for the standard account. InteractiveBrokers spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: AM-FX, Bithoven, 1000Extra and FxOnUs
Frequently Asked Questions
🧐 Is InteractiveBrokers a Scam?
InteractiveBrokers is a broker licensed and regulated by the ASIC, FCA, IIROC, SFC, SEBI, CSSF, FINRA and SEC. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that InteractiveBrokers is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the InteractiveBrokers minimum deposit?
In order to start trading with InteractiveBrokers, you have to deposit at least 25000 USD.
📵 What deposit and withdrawal methods InteractiveBrokers supports?
⚖️ Would you recommend me choosing InteractiveBrokers?
We don’t have our own personal experience with InteractiveBrokers. However, because the broker is regulated by the ASIC, FCA, IIROC, SFC, SEBI, CSSF, FINRA and SEC, there is a high chance that it is not a scam. With that being said, it still does not mean that InteractiveBrokers is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
