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Interactive Brokers Online Stock Brokers Review

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Interactive Brokers LLC is an electronic brokerage firm headquartered in Greenwich, Connecticut. The company was founded in 1993 and is the largest subsidiary of Interactive Brokers Group, Inc. The company’s founder and CEO has over 40 years of experience as a Broker Dealer, and the company conducts business in over 120 market destinations worldwide.

How is Interactive Brokers rated?

Breakdown

Overall Rating: 0 / 5 (N/A)

Interactive Brokers specializes in online brokerage accounts for traders, investors, and institutions. The company offers investment products such as stocks, bonds, options, futures, forex, ETFs, mutual funds, and hedge funds, among others, as well as cash products like integrated investment management accounts, bill pay, direct deposit, debit card, and bank deposit sweep program, which is excellent for those looking for diversified investment products and services. The company offers a variety of Smart Beta investment portfolios, as well as asset allocation portfolios, each with its own risk score and investment strategy. Portfolios are managed by registered professionals that go through a vetting and monitoring process, and the company’s investment products are SIPC insured.

Interactive Brokers offers clients a powerful set of trading platforms, including the company’s TWS software, IBot, IBKR WebTrader, and the TWS for mobile phones, among others, to ensure accessibility and real-time tracking. One of the key benefits of investing with Interactive Brokers is that the company provides plenty of research tools to help clients make smart and educated decisions. Additionally, clients have access to over 100 markets worldwide through the company’s TWS software, which guarantees a broader market exposure. The company offers customer support via chat, phone, and email, 24 hours on weekdays, and from 1:00 p.m. to 7:00 p.m. ET on Sundays via chat, which is highly convenient.

Because Interactive Brokers has such a wide variety of products and markets, and opening balances on portfolios are higher than those of other companies reviewed by us, the company is best suited for advanced investors who are looking to expand their horizons, rather than those who are just starting up.

Interactive Brokers Features

Features - 0 / 5

Portfolio Management
Managed
Investment Products
Stocks
ETFs
Options
Mutual Funds
Bonds
Futures
Types of Accounts
Brokerage
IRA
Mobile App
Yes
Margin Lending
Yes

Financial Advisors

Interactive Brokers has a marketplace with dozens of qualified portfolio managers that go through a vetting and monitoring process. Each portfolio manager has its own style, so customers can choose the one that best fits their needs.

Trading Tools

The company offers excellent trading tools for its clients such as its trading software, TWS, which supports over 60 order types and algos, and allows users to trade stocks, options, futures, forex, bonds and funds in over 100 markets worldwide. Additionally, Interactive Brokers offers clients other tools like SmartRouting, third party integration, PortfolioAnalyst, and Probability Lab, among others.

Broker Physical Locations

Interactive Brokers LLC has 24 physical offices in 12 countries, including four in the US.

Interactive Brokers Fees and Commissions

Pricing and Fees - 0 / 5

Trade Cost/Commission
$1.00 for 100 shares
Fees
Annual Fee
Transfer Fee
Inactivity Fee

Fees (Additional Info)

In addition to commission fees, management fees, and inactivity fees, Interactive Brokers may charge corporate actions and dividend processing fees, stock loan fees, account maintenance and reporting fees, and security transfer fees, among others, so we encourage clients to review all of them before purchasing.

Interactive Brokers Financial Strength and Customer Experience

Customer Support and Reputation - 0 / 5

Year Founded
1993
Standard & Poor's Financial Rating
BBB+
SIPC Membership
Yes
BBB Rating
A+
BBB Total Complaints
11
BBB Resolved Complaints
8
Trust Pilot Rating
4.8 out of 5
Live Help 24/7
No
Customer Support Hours
24 hours a day, Monday to Friday via phone, and also 1:00 p.m. to 7 p.m. Sundays via chat
Contact Methods
Phone
Email
Chat
Date Collected
2018-10-18

Company Profile

Full Name
Interactive Brokers Online Stock Brokers
Company Website
Headquarters
One Pickwick Plaza, Greenwich, CT, 06830

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