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

0.5

USD/JPY

0.3

XAU/USD

—

US OIL

—

BTC/USD

—

Trading Conditions

Min Deposit

Not verified

Max Leverage

Not stated

Avg Spread

From 0.2 pips

Commission

0.2 basis points (min $2) on forex (IBKR Pro)

Account Types Offered

Account	Platform	Spreads	Comm.	Min Dep	Leverage
IBKR Pro	TWS/Web	From 0.1 pips	Tiered/Fixed (min $2)	$0	1:50
IBKR Lite	TWS/Web	Wider	$0	$0	1:50

Broker Details

Minimum Trade Size

No fixed minimum lot; $25,000 equivalent for some

Maximum Leverage

Not stated

Minimum to Open Live

Not verified

Established

—

Address

One Pickwick Plaza, Greenwich, Connecticut 06830, USA

Contact

newaccounts@interactivebrokers.com

Regulators

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

Prohibited Countries

Nigeria, Afghanistan, Belarus, Iran, North Korea, FATF sanctions

Dealing Desk

❌ No

Web Trading

✅ Yes

Mobile Trading

✅ Yes

Trading Instruments

Currencies

105 currency pairs

Cryptocurrencies

Crypto trading confirmed

CFD

150+ markets (Stocks, Options, Futures, Forex, Bonds, ETFs, Commodities)

Trading Conditions & Methods

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

Deposit Methods

Bank Wire Transfer, ACH (US), Checks (US), Online Bill Pay, Direct Deposit

Withdrawal Methods

Bank Wire, ACH (US), Checks (US), SEPA (EU), BACS (UK)

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.