Interactive Brokers trading fees are low. The Economic Calendar informs you about upcoming events that will have an economic impact. Powerful, award-winning trading platforms and tools for managing client assets. Graphic is for illustrative purposes only and should not be relied upon for investment decisions. For example, Dutch and Slovakian are missing. Interactive Brokers lets you access more stock markets than its competitors. The minimum investment depends on the portfolio you want to invest in: the lowest investment amount starts at $5,000. 1% of trade value. Interactive Brokers provides a vast selection of more than 100 currency pairs; only Saxo Bank offers more. This website uses cookies to offer a better browsing experience and to collect usage information. Interactive Brokers charges a volume-based commission with a minimum amount. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety. Any amount of money you borrow in margin accrues interest daily. The Shortable Instruments (SLB) Search tool is a fully electronic, self-service utility that lets clients search for availability of shortable securities from within Client Portal. Despite its complexity, the platform is highly customizable; for example, you can set up your own templates. No. Another new addition available from June 2020 is the Investors' Marketplace. Interactive Brokers offers many account types, which differ in the owernship and the service provided. Interactive Brokers provides several options for safe login: The search function is easy to use and works better than on the desktop platform. Website: www.interactivebrokers.com.hk, Is a member of NSE, BSE, SEBI. Interactive Brokers' margin rates are low. Security futures involve a high degree of risk and are not suitable for all investors. This catch-all benchmark includes commissions, spreads and financing costs for all brokers. This basically means that you borrow money or stocks from your broker to trade, for which you have to pay interest. Interactive Brokers offers a number of screeners and tools traders can use to find better investments for their portfolios. This is the financing rate, and it can be a significant proportion of your trading costs. If you’re looking for the widest possible range of tradable assets, IBKR should be at the top of your list. $1, max. This includes major stock markets like the NASDAQ, the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE), as well as minor ones such as the Warsaw Stock Exchange or the Mexican markets. The fee for subsequent withdrawals after the first free one depends on the currency and the method you use for withdrawal. There is no account or deposit fee. Margin rates drop for higher debit balances. We experienced a few bugs and errors throughout the process, such as disappearing information and various error messages. Available order types are: If you are not familiar with the basic order types, read this overview. On its desktop platform, Interactive Brokers provides Smart Routing, a great feature that detects the best possible route (e.g. Upon entering the platform, you can read daily summaries of the markets through 'Daily Lineup'. ', paying bills without checks through Bill Pay. However, when we typed in "rwe," all the structured and derivative products were listed among the results as well, which made it harder to find the actual stock. This catch-all benchmark includes commissions, spreads and financing costs for all brokers. Broker accounts at Interactive Brokers give global regulated brokerage companies the means to reduce their operational, brokerage and clearing costs while providing electronic market access worldwide with our professional white branded trading technology. Click below to calculate your own sample margin loan interest rate. Our best advice is to ask customer service from time to time about the protection amount of your actual portfolio. However, unlike most brokers, it doesn’t inflate the spread or charge you more than the standard spread for the pair you’re trading. Interactive Brokers deposits are free of charge. Trading on margin means that you are trading with borrowed money, also known as leverage. Please wait for our email after submitting step 2. It does not cover instruments such as unregistered investment contracts, unregistered limited partnerships, fixed annuity contracts, currency, and interests in gold, silver, or other commodity futures contracts or commodity options. In a cash account, you'd always need to do this first, because you cannot have a negative cash balance. If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more. The desktop trading platform is available in multiple languages, but fewer than the web trading platform. Click Here, Do Not Sell My Personal Data/Privacy Policy, Stocks, options, ETFs, mutual funds, forex, options, futures, metals, Comprehensive; widest range of tools available on IBKR Pro, Fully operational, mirrors desktop web-trading platform. You will easily find every feature even if you have just started trading. Website: www.interactivebrokers.co.in. Answer a couple of questions, based on which Interactive Advisor will compile a portfolio that is automatically rebalanced from time to time. Interactive Brokers is one of the only forex brokers that doesn’t markup its spread. Editorial Disclosure: Reviews are as determined by Benzinga Money. US exchange-listed stocks and ETFs are commission-free, while other products have fixed or tiered pricing, Client Portal, IBKR Mobile and IBot are available, but the desktop trading platform is not, All platforms are available, including the desktop trading platform, 14:00 (Mon - Fri) - 02:00 (Tue - Sat) (Europe/Berlin), 14:00 - 23:30 (Mon - Fri) (Europe/Berlin), 09:00 - 18:00 (Mon - Fri) (Europe/Berlin), 08:00 - 17:00 (Mon - Fri) (Europe/Berlin), 02:00 - 11:00 (Mon - Fri) (Europe/Berlin), 00:30 - 10:00 (Mon - Fri) (Europe/Berlin), 02:30 - 14:00 (Mon - Fri) (Europe/Berlin), 03:00 - 12:00 (Mon - Fri) (Europe/Berlin), 01:30 - 10:30 (Mon - Fri) (Europe/Berlin), Financial Industry Regulatory Authority (FINRA), Covered by the Canadian Investor Protection Fund (CIPF), regulated by the Investment Industry Regulatory Organization of Canada (IIROC), Australian Securities and Investments Commission (ASIC), Securities and Exchange Board of India (BSE). You can choose from many portfolio managers to find the one that fits you best, with real-time portfolio performance available. IBKR offers clients a number of methods they can use to get in contact with customer service: No time to send a personal message? This information might be about you, your preferences or your device and is typically used to make the website work as expected. How do you withdraw money from Interactive Brokers? You can use a two-step login, which is safer than a simple login. Portfolio and fee reports are transparent. Other tools such as charting, scanners, fundamentals explorer, etc. Advertiser Disclosure: We liked the modern look of the interface. Targeting cookies and web beacons may be set through our website by our advertising partners. Open an Introducing Broker Account. SEBI Registration No. IB provides access to roughly 150 exchanges worldwide, including with its alternative services, such as Interactive Advisors. Whether you were dreaming of replicating your favorite ETF or trading with chatbots - with Interactive Brokers, you can do both. Account types. The account types fall into two big groups considering the account's ownership: As an individual trader or investor, you can choose among many account types. What you need to keep an eye on are trading fees and non-trading fees. The portfolio tab gives a clear overview of your performance, including your historical profit/loss balance and the fees you paid. Website: www.interactivebrokers.co.uk, Is a member of The Luxembourg investor compensation scheme (Système d’indemnisation des investisseurs, SIIL) and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Being listed on the Nasdaq and regulated by both the UK's FCA and the US SEC are all great signs for Interactive Brokers's safety. You can see the status of your request in 'View Transaction History. There is also an Earnings and an Economic Event Calendar that are helpful shortcuts to start off your day. It has the same security features as the web trading platform. Customer service is available in several regions and languages, namely in English, Russian, Chinese, Indian and Japanese. IBKR offers access to 98 commission-free ETFs for Pro traders, while Lite traders get to buy and sell ETFs completely commission-free. You can set alerts only via the chatbot, which is not the most intuitive method. For example, in the case of stock investing commissions are the most important fees. Interactive Brokers provides a broad selection of fundamental data on all of its platforms. Gergely is the co-founder and CPO of Brokerchooser. The transfer is free and you are entitled to one free withdrawal per calendar month. Registered Office: 502/A, Times Square, Andheri Kurla Road, Andheri East, Mumbai 400059, India. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale. CIN-U67120MH2007FTC170004. These provide real-time analysis, in-depth reports and model portfolios for a monthly subscription. You can access the search button easily from any menu. They differ in pricing and available trading platforms. Please use our link to open your account so that we There are both free and for-pay data packs available, which can be a great addition to your research work. For information on SIPC coverage on your account, visit www.sipc.org or call SIPC at (202) 371-8300. Our proprietary API and FIX CTCI solutions let institutions create their own automated, rules-based trading system that takes advantage of our high-speed order routing and broad market depth. You may lose more than your initial investment. Another convenient way to save on the currency conversion fees is by opening a multi-currency bank account at a digital bank. Accounts with balances of $100,000 or less must meet a minimum of $10 a month in trade commissions, or Interactive Brokers will charge the difference as a monthly fee. Click here for a list of available countries. Bitcoin and Ethereum ETNs are traded on the, how you are protected if something goes wrong. Margin rates range from 0.75% APR to 2.55% APR, depending on your trading volume and the type of account you have. You can also use several order time limits: You can set alerts and notifications, but only through the built-in chat. However, IBKR still maintains its host of professional tools and charting software. Through IB, you have access to more than 250 fund providers, including big market names like BlackRock and Vanguard. For additional information regarding margin loan rates, see http://www.interactivebrokers.com/interest. In 2020, Interactive Brokers introduced the possibility to buy and sell fractional shares of stock, which allows traders to invest small amounts and still diversify their portfolio. In the desktop trading platform, you have literally every feature you could desire. Check out the complete list of winners. Belgium, France, Xetra (stocks), Italy, Netherlands. They help us to know which pages are the most and least popular and see how visitors navigate around our website. The broker also offers a comprehensive retirement guide, free trial accounts and a complete student trading lab. The required minimum investment amount is $5,000. The regulator and the protection amount also depends on what you are trading with: As you can see, the details are not very transparent.