Interactive Brokers Review 2021
Latest Comments about Interactive Brokers in 2021
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I was thinking for a long time whether to leave feedback or not. Interactive Brokers is one of my favorite brokers. First of all, they are regulated in the United States, traded on the stock exchange, and have a large asset base in both retail and institutional accounts. Their main business is in stocks. The TWS platform is excellent and very reliable. They have good graphics, customizability, and many tools. However, the main reason why Interactive Brokers is one of my favorite brokers is the cost of trading. For stock trading, the spreads are one of the narrowest, and the execution is good, without delays.
This is one of the most reliable and trusted brokers on the market. I had no questions regarding the transparency of their work. The trading platform is also very good and it is much better than Metatrader. There are a lot of trading tools, especially stocks. Also, I would like to note that its technical support works pretty well. Almost all issues are resolved within 24 hours. There were no problems with the withdrawal of money either, although you have to pay a commission to do it. In closing, I would say that this broker is worth your attention.
It is a good and reliable broker. For me, the main advantage of working with them was a huge number of trading tools. The broker is guided by high standards in its work and is aimed at developing new technologies. Their trading platform is very convenient and it has many additional technical analysis tools that are not available on other platforms. I also liked the availability of a large number of useful training materials. In general, this is a worthy broker that is very nice to work with.
I tried to trade with this broker and I didn’t like it. Of course, I understand that the broker has been on the market for a long time, it has a good reputation with many regulators. First, Interactive Brokers has a very confusing interface. Second, trading conditions are constantly changing, and you need to be a super pro to understand them. Withdrawing money to a card is a very long procedure. Also, to withdraw money, you need to go through additional verification. I once had to confirm my payment three times. Therefore, I cannot recommend this broker.
Some time ago I traded with this company. I traded stocks and there were no problems. But as far as trading on currency pairs is concerned, everything is quite interesting here. When I traded currencies for three major currency pairs, everything went well for the first months, and my account grew. Then gradually execution began to deteriorate, opening and closing transactions became harder and harder. Technical support explained this by I had a firewall and a bad internet connection. But this is ridiculous. Another disappointment was its withdrawal system; you can withdraw money only to a bank card and there are no other options.
This company is a reliable and honest broker; their only drawback is that it is not available to everyone, because it focuses on working with professionals only. They work seriously, trying not to waste their time on some trifles. So, there are no cent accounts and no trust management accounts here. Previously, the initial deposit started from two thousand dollars, now it has been reduced to a minimum. Withdrawals are available only to a card, but I had no problems with this. The trading platform also works flawlessly.
I am pleasantly surprised by the work of analysts on the website of the Interactive Brokers. The analytics are very relevant and accurate. In general, I opened an account here because this broker has been working in the market for more than forty years. And I don’t regret my choice. Trading conditions here are very adequate, the platform is fast and there are a lot of tools. It is also convenient to receive money; this has never been a problem for me. The withdrawal is available only to a bank card, but this is not surprising because the broker works honestly. In general, the broker is good, I would recommend it.