Broker «Interactive Brokers» — rating, information, review

Description

A reliable and popular international broker from the USA. Perfect for advanced and active traders using various complexity instruments for trading on foreign markets.

It has direct access to most foreign exchanges, so for Russian investors the final commission is less than that of Russian brokers - on average $1 per share. It is profitable to open a brokerage account from $10,000.

1. Pros and Cons

Pros

+ The best commission among US brokers + Free withdrawal of funds once a month + The broker is not accountable to the Central Bank of the Russian Federation + Access to all major world exchanges and a huge number of trading and investment instruments + Multifunctional trading terminal on WEB and mobile platforms + In fact, the only full-fledged US broker for clients from the Russian Federation + The account is insured by American regulators and insurers

Cons

- Risks of blocking accounts due to requirements of American regulators - Minimum deposit 2000$ - Minimum recommended deposit for competitive rates from10000 $ - Difficult to understand trading terminal interface - It is difficult for beginners to calculate all additional fees - Submitting tax reports independently - Restrictions for citizens of those countries that are subject to EU and US sanctions

2. Rating

Reliability
5.0
Commissions
5.0
Customer Support
5.0
Software and services
4.0
Markets
5.0
Final assessment
5.0

Founded in 1978, a popular discount broker for trading on foreign markets outside the US. Favorable commissions from $0.0035, Accounts are insured by American regulators and insurers, Russian-language support 24/7. Not easy to understand, but a practical trading terminal with useful functions. Access to all major markets in these exchanges.

3. Commissions and Tariffs

* We update the information, but commissions and tariffs may change, check the current information on the broker's website

Tariffs on broker's website

Securities

For investors$0.005 per share (but not less than $1 per order) + US exchange, regulatory and clearing fees
For traders$0.0035 per share (min. order: $0.35)
Special conditionsETF for investors without commission
Additional* for traders + US fees: Distribution:0.0005$
Clearing:0.0002$
Transit:0.00056$
FINRA:0.000119$
Margin lendingMargin loan ~5.830% (Benchmark rate + 1.5%)

Currencies

For traders0.2 basis points * transaction amount (1 bp = 0.0001)
Additional2$ за поручение

Contacts

Investors$0.85 or EUR 0.65 per contract on US exchanges
Additional$0.85 or EUR 0.65 per contract on US exchanges
Additional* + US exchange, clearing and regulatory fees

Custody, accounting, withdrawal of funds

StorageService is free if assets are more than $10,000
WithdrawalOnce a month free, then $10 withdrawal or equivalent in account currency

4. Trading and investment tools

Currencies
Stocks
Bonds
Derivatives
Commodities
Funds/ETF

5. Broker Products

Asset management
individual retirement account (IRA)
Copytrading and signals
Trading strategy
Structured products

6. Broker services

Demo account
Margin lending
Voice account control
Trading robots
Filing tax returns only from US

7. Trading platform and smartphone applications

Trading platform

QUIK
Metatrader
Own development
WebQUIK

Apps for smartphone

App «IBKR Mobile»

Apple iOS Download in AppStore
Android Download in Google Play

8. License and contacts

License

Brokerage activitiesSEC#: 47257

Contacts

Official sitehttps://interactivebrokers.com
Head Office209 South LaSalle Street, 10th Floor, Chicago
Support phone number8(800)100-8556

Open account in «Interactive Brokers»