You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses. I have worst CS moment here. They are a bit unprofessional. Every time I called, they are always rude and rushing me. No patient, always asking me to figure out from their website.
While the platform is good. When you have a problem you can't get to speak to anyone. I have tried numerous times and you wait on hold for a long time more than 20 mins in any case and I have just abandoned the call without getting any resolution. The web site does not always connect you may have to log on a number of times to connect. The notifications such as messages do not come up when clicked on, this also usually takes several attempts.
Interactive Brokers trading information
The platform is absolutely solid and the folks at IB work continuously to improve it. The customer service, some years ago was mediocre, has improved markedly; and is very good at the present time. The cost to trade is very competitive.
I would recommend the platform. My application for an interactive brokers account took weeks to review. After those weeks, they sent me a message indicating that they were unhappy with my proof of address and wanted another one. I provided another one several weeks ago, but it's still not reviewed.
I'm simply tired of fighting access to my account. Tired of trying to make recently added additional investment account available like my initial accounts. Tired of the ineffective phone support that can't do anything but talk with you about helping you fix your account. Exceptionally difficult barriers to entry as a new customer. Customer service is not well trained in solving problems for new clients. Instructions for entry are not definitive and subject to different interpretation.
Their low spreads and cheap commissions are features that I love the most. Good executions, they are geared towards professional traders. So not the best for people who are just starting out or trade little. Solid execution, numerous markets, low costs, good technology. It's not an easy platform to learn but as a platform for executing my trading strategies, this is a very good broker. Their IB is either trading against you OR, allowing one of their large clients to. There seems to be either a delay in the data or a total disconnect with the time and sales data emanating from IB that is always to the disadvantage to my account.
So you all better avoid this broker. Deposits are easy. They have so much hidden fees. Please avoid at all cost. Don't let their low commission trades full you, they will make it all up with hidden fees.
- Interactive Brokers Review 2021;
- Most Detailed Interactive Brokers Review | Forex Brokers Lab.
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My Roth IRA has been charged with crazy amount of fees. Trying them out was the worst thing I ever did. They took my money, defrauded my account, failed to disclose all fees. Hopefully their company will be arrested for these frauds. I am experienced investor and have never been financially violated before. Chaotic margin handling and extremely poor and bad customer service. Bay far the worst CS. Inexpert and bounder. Rarely receive specific answer to my questions. If they had zero stars I would have given it to them. I've been trying to get my money back been over 10 days decided to call and they told me I needed a photo ID.
I believe they required this when I set my account up. Had I not called I would never had known. Plain and simple they suck stay away. Terrible to deal with. Website is next to useless. Can't access tax reports. Very unhelpful when ring them up. Once I was locked out and they wont reset my password. I was not even notified that my account was closed. They sold my shares without my knowledge and closed my account. To me this is theft. If I was getting charged a fee you would at least think they would send you a statement. I received nothing from this company. Open Interactive Brokers Account.
Interactive Brokers Review. General Rating 4. Trustpilot 2. User Rating 2.
Currency Trading | Interactive Brokers LLC
Give Your Rating. Company Information Website www. Features Free education Segregated accounts Managed accounts. Account Information Apart from the forex demo account , this broker offers Individual. Maximum Leverage Trailing stop Pending orders One-click trading Browser-based platform.
Interactive Brokers Forex Review
Payment Methods Wire transfer : Wire Transfer is the most commonly used payment method. Trading Platforms Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. Customer Support Do you have any question or find any trouble related to Interactive Brokers? Website Languages Chinese. Office Support. Email Support. Call Support. Minimum spend: While active traders can be rewarded with commission discounts, beginners may find overcoming fees more challenging due to monthly minimum spend requirements, in addition to the minimum per-trade commission.
Other thoughts: Overall, we would like to see Interactive Brokers publish its average forex spreads, especially since it competes well in other asset classes, e.
Interactive Brokers Review and Tutorial 2021
To represent itself as a global leader, joining the FX Global Code would also be a plus. Trader Workstation TWS , Interactive Brokers' flagship desktop trading platform, is anything but easy to use, but is packed full of features covering all spectrums of trading products, including forex.
Desktop charting: TWS offers available studies within its charts, which is far above the industry average, yet less than, say, thinkorswim by TD Ameritrade , which offers over No question, the charting experience on TWS is powerful. These order types can be great for advanced strategies. Platform complexity: While the number of customizations available in the TWS desktop platform is impressive, the complexity and long lists of possible configurations can be intimidating to unseasoned investors.
For example, the watch list alone can be configured with over different available columns. Client Portal browser trading : Replacing its legacy WebTrader platform, the Interactive Brokers Client Portal comes with forex charts 16 optional indicators , forex news headlines and related economic calendar events, trading, and even syncing watch lists.
By stripping out everything built for active traders, Client Portal is far more approachable to casual investors. In my testing, I found it to be enjoyable to use. Out of all brokers reviewed on ForexBrokers. Research summary: Interactive Brokers will satisfy the vast majority of traders, you just have to know where to look. Lastly, content from in-house and guest authors can be found on the Traders' Insight blog. Forex research: Interactive Brokers has forex research from among its in-house and third-party resources.
Given that the majority of research resources available to customers is specific to other global financial markets, I did find it time-consuming to find content related to forex specifically. Interactive Brokers offers a variety of quality educational content; unfortunately, the primary focus is not forex and CFDs. Created by in-house staff and third-party educators, I found the content plentiful, diverse, and of high quality.
For example, the Traders' Academy portal covers broader financial market sectors quite well with lessons and accompanying videos organized by experience level. The downside?
There is not a course specific to forex trading. Educational videos: Given how complex TWS is, I was not surprised to find that most videos were platform tutorials.