Interactive Brokers
Benjamin Roussey rates this 4.5/5
Average User Rating
No users have rated this product
Interactive Brokers Review From: Interactive Brokers Group, Inc.

Pros
Low trading commissions, competitive margin rates, and a reliable trading platform

Cons
Minimum $10,000 required to open most trading accounts, high fees on certain services

Verdict
Interactive Brokers is a good choice for both professional traders and beginners. If you are looking for low commissions, IB is a logical decision.

Interactive Brokers Review - Does this "jack of all trades" make sense for serious traders?

Interactive Brokers (IB) is one of the top online trading platforms in the world today. The IB Group is among the oldest online trading players in the business, and brings a rich trading experience with several decades along with it.

One Million Trades a Day

Interactive Brokers Group, Inc. has a consolidated equity capital of more than $4 billion, and together with its affiliates it crosses one million trades per day. The company’s founding member has completed its 34th year as a broker dealer.

The company remains focused on its mission to develop superior technology to provide liquidity on better terms. It aims to complete globally in pricing, speed, size, and diversity of its global products and trading tools.

S&P Rating and Barrons Rating

Interactive Brokers LLC and IBG LLC financials are rated as investment grade by Standard & Poor’s. IB LLC has a Standard & Poor’s A- rating.

Barron’s Magazine from the Dow Jones Group has awarded IB with a 4.5 star rating in the “Best for International Traders” category.

Global Trading

IB provides you with access to forex, stocks, futures, options, bonds, and funds in more than 90 market centers across 19 countries from a single account. The company’s integrated trading approach makes it possible trade international products on multiple exchanges and assets denominated in multiple currencies – all from one account.

Efficient Execution

IB SmartRouting trading system is designed to search for the best price available at the time of your order. It routes and re-routes all or parts of your order to attain optimal execution. The leading transaction analysis provider TAG has determined that IB’s US stock and options price executions were substantially better than the industry during the second half of 2010. In case of combination orders routed through SmartRouting, IB undertakes the risk of partial execution.

Low Commissions

IB has managed to achieve the highest possible automation of the trade process, which allows it to operate at low costs, and offer low commissions. You can choose to pay via Flat Rate or using Cost Plus pricing structures to enjoy the lowest cost, depending on your trading activity. Barron’s Magazine has awarded IB with 4.5 star low cost brokers rating.

Risk Management

IB’s real time margin system places limits on an account by account basis, and enables traders to monitor their margin cushion directly in the Trader WorkStation (TWS). TWS offers advanced portfolio risk management through the IB Risk Navigator, which is free for IB clients. IB’s Portfolio Margin Accounts can deliver enhanced leverage with greater safety. 

Date Reviewed: October 21, 2011, 12:15 pm
Reviewed by Benjamin Roussey
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