Review of Interactive Brokers

Warning: mysqli_query(): Empty query in /home/manuel/public_html/subpage.php on line 8421

Warning: mysqli_fetch_row() expects parameter 1 to be mysqli_result, boolean given in /home/manuel/public_html/subpage.php on line 8423
Interactive Brokers is one of the most well-reviewed online brokers on the market. Don't just take my word for it - on EliteTrader.com, Interactive Brokers has a 77% rating out of 348 votes. That is one of the highest ratings on the site, and indicative of how popular IB is with traders.

Let me state right up front - I have used Interactive Brokers in the past and was very happy with their overall package.

Let me also state that I am not receiving ANY compensation for writing this review.

Ok, so now that we have gotten that out of the way - what do I like about Interactive Brokers?




1. Their commission structure. If you are a fairly active trader then Interactive Brokers is pretty hard to beat commission-wise. A commission structure of $0.005 cents per share with a minimum cost of $1.00 per trade is pretty hard to beat. If you are a trader that typically buys 100-500 shares of a stock, then you are going to save an absolute bundle at IB.

2. Their software. Extremely bare bones (which is a good thing), but also extremely customizable. There are many third-party software packages that can be used in conjunction with IB that will enhance your experience. There are third-party charting packages, order entry packages, etc. If you want a software package that comes with all of the bells and whistles pre-installed, then you should probably look somewhere else. If you want something that is ridiculously easy to customize, then IB is a smart choice for you.

3. The Universal Account. Trading 80 worldwide markets through one single account? That's always a good thing.

4. Cheap fees. Data fees are extremely cheap at Interactive Brokers - just another example of how the company will pass on savings to their customers.

Now, in order to keep this review fair and balanced - here are the things that I don't particularly like about Interactive Brokers:

1. Customer Service is just OK. The customer service at IB isn't BAD, but it isn't spectacular either. They haven't made me a "raving fan" like ThinkorSwim's customer service reps did.

2. Lack of "bells and whistles" might be off-putting to some people. If you are expecting Interactive Broker's trading package to come pre-packaged with all sorts of bells and whistles, then you should probably look elsewhere.

3. Not a fan of their margin call liquidation policy.

Overall, Interactive Brokers is highly recommended. There are some things that I don't like about them, but no broker is 100% perfect. If their customer service was a little bit better.




Warning: mysqli_fetch_row() expects parameter 1 to be mysqli_result, boolean given in /home/manuel/public_html/subpage.php on line 8468


Filed under: Internet Companies |

Warning: mysqli_stmt_bind_param() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14648

Warning: mysqli_stmt_execute() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14649

Warning: mysqli_stmt_get_result() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14650

Warning: mysqli_num_rows() expects parameter 1 to be mysqli_result, null given in /home/manuel/public_html/subpage.php on line 14652

Warning: mysqli_stmt_bind_param() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14671

Warning: mysqli_stmt_execute() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14672

Warning: mysqli_stmt_get_result() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14673

Warning: mysqli_fetch_row() expects parameter 1 to be mysqli_result, null given in /home/manuel/public_html/subpage.php on line 14676

Warning: mysqli_stmt_bind_param() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14679

Warning: mysqli_stmt_execute() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14680

Warning: mysqli_stmt_get_result() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14681

Warning: mysqli_fetch_row() expects parameter 1 to be mysqli_result, null given in /home/manuel/public_html/subpage.php on line 14683

Warning: mysqli_stmt_bind_param() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14703

Warning: mysqli_stmt_execute() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14704

Warning: mysqli_stmt_get_result() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14705

Warning: mysqli_fetch_row() expects parameter 1 to be mysqli_result, null given in /home/manuel/public_html/subpage.php on line 14708

Warning: mysqli_stmt_bind_param() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14711

Warning: mysqli_stmt_execute() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14712

Warning: mysqli_stmt_get_result() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14713

Warning: mysqli_fetch_row() expects parameter 1 to be mysqli_result, null given in /home/manuel/public_html/subpage.php on line 14715

Warning: mysqli_stmt_bind_param() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14734

Warning: mysqli_stmt_execute() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14735

Warning: mysqli_stmt_get_result() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14736

Warning: mysqli_fetch_row() expects parameter 1 to be mysqli_result, null given in /home/manuel/public_html/subpage.php on line 14739

Warning: mysqli_stmt_bind_param() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14742

Warning: mysqli_stmt_execute() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14743

Warning: mysqli_stmt_get_result() expects parameter 1 to be mysqli_stmt, boolean given in /home/manuel/public_html/subpage.php on line 14744

Warning: mysqli_fetch_row() expects parameter 1 to be mysqli_result, null given in /home/manuel/public_html/subpage.php on line 14746