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Interactive Brokers

Interactive Brokers Review

4.2/5
Trust Score: 96/100

Low-cost, highly regulated multi-asset broker with professional-grade tools, best suited to experienced/active traders.

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Spreads by Pair (Pips)

EUR/USD

0.2

GBP/USD

0.4

USD/JPY

0.3

XAU/USD

15

US OIL

2.8

BTC/USD

22

Trading Conditions

Min Deposit

$0

Max Leverage

1:30 (retail) / 1:50 (US forex)

Avg Spread

0.2 pips

Commission

From $2/100k FX (IBKR Pro)

Broker Details

Minimum Trade Size

Maximum Leverage

1:30 (retail) / 1:50 (US forex)

Minimum to Open Live

$0

Established

Address

Contact

Regulators

SEC/FINRA/CFTC (US), FCA (UK), ASIC (Australia), IIROC (Canada), and more

Prohibited Countries

Dealing Desk

❌ No

Web Trading

✅ Yes

Mobile Trading

✅ Yes

Trading Instruments

Currencies

Cryptocurrencies

CFD

Trading Conditions & Methods

EAs/Robots: YesNews Trading: YesScalping: YesCopy Trading: No

Deposit Methods

Withdrawal Methods

Pros & Cons

✅ PROS

  • + Extremely low FX commissions
  • + huge multi-asset product range
  • + very strong regulatory footprint
  • + professional research tools.

❌ CONS

  • - TWS has a steep learning curve for beginners
  • - inactivity/account fees can apply
  • - less beginner-friendly UI.

About Interactive Brokers

Interactive Brokers is a US-listed, multi-asset brokerage offering access to forex alongside stocks, options, futures, and bonds across 150+ markets. Its tiered/fixed FX commission pricing is among the lowest in the industry, though the platform has a steeper learning curve.

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Quick Facts

Founded
Headquarters
Regulation
SEC/FINRA/CFTC (US)FCA (UK)ASIC (Australia)IIROC (Canada)and more
Platforms
Trader Workstation (TWS)IBKR MobileIBKR GlobalTrader
Islamic AccountNo

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