Interactive Brokers — Reviews, Regulation and Broker Overview

Interactive Brokers is a company based in the United States and founded in 1978. It has been operating for nearly five decades as an investment broker and bank, providing services to individual and institutional clients.

The firm holds multiple regulatory authorizations, including oversight by FINRA under CRD 36418, the SEC under 8-47257, the FCA under 208159, the CBI under C423427, ASIC under AFSL 453554, MAS under CMS100917, the JFSA under Kanto Local Finance Bureau 187, and SEBI under INZ000217730. These registrations, verified in official registers, indicate compliance with the standards set by these authorities.

Clients can open accounts with a minimum deposit of 0 USD. Available account types include IBKR Pro, IBKR Lite, Individual, Joint, Trust, and Retirement. The broker offers a demo account for practice. Trading is supported on platforms such as Trader Workstation (TWS), IBKR Desktop, Client Portal, IBKR Mobile, IBKR GlobalTrader, IMPACT, and through IBKR APIs. Instruments include stocks, ETFs, options, futures, forex, bonds, mutual funds, CFDs, and spot gold. Deposits can be made via wire transfer, direct bank transfer (ACH/SEPA/BACS), or check. Support is available Sunday 1:00 PM ET to Friday 7:30 PM ET, and a mobile app is provided.

The service may suit traders seeking access to a broad range of asset classes and professional-grade tools. Attention should be paid to the risks associated with trading CFDs and other leveraged products, as well as applicable commissions and fees, which can vary by account type and activity.