Interactive Brokers
DMAInteractive Brokers is a US-based broker and one of the largest in the world by assets, offering institutional-level access to 150 global markets with fractional pip pricing.
Trading Forex and CFDs involves a significant risk of loss.
Our Rating Breakdown
Scores based on independent research and live account testing.
Interactive Brokers Full Review
Interactive Brokers (IBKR) was founded in 1978 by Thomas Peterffy — a pioneer in electronic trading. IBKR is listed on the NASDAQ (ticker: IBKR) and is regulated by the SEC, FINRA, FCA, and other top-tier regulators across multiple jurisdictions.
IBKR Pro vs IBKR Lite
Interactive Brokers offers two pricing models: IBKR Pro (tiered or fixed commissions with very low rates) and IBKR Lite (commission-free stock trades, wider spreads). For forex, IBKR Pro charges from 0.1 pips with no dealing desk.
Global Market Access
IBKR provides access to 150 global markets across 34 countries — the widest market access available from any single broker. This makes it particularly valuable for traders who want to invest globally.
Margin Rates
IBKR consistently offers the lowest margin rates in the industry, with USD rates significantly below competitors — a key advantage for traders who use leverage extensively.
Algorithmic Trading
IBKR's API is one of the most powerful in the retail space, supporting trading in Python, Java, C++, and other languages. The broker is a favorite among quantitative traders and developers.
Verdict
Interactive Brokers is the premier choice for serious, active traders who prioritize low costs, wide market access, and powerful trading tools. It's not recommended for beginners due to its complexity.
Pros
- Best in class for professional traders
- Lowest margin rates in the industry
- Access to 150 global markets
- IBKR Pro offers fractional pips pricing
- Excellent API for algorithmic trading
Cons
- Complex platform with steep learning curve
- Minimum activity fee for small accounts
- Customer service can be slow
Broker Details
- Headquarters
- Greenwich, Connecticut, USA
- Founded
- 1978
- Type
- DMA
- Min Deposit
- No minimum
- Max Leverage
- 1:40
Regulation
Platforms
- Trader Workstation (TWS)
- Client Portal
- IBKR Mobile
Instruments
Interactive Brokers
No minimum deposit
Open AccountTrading Forex and CFDs involves a significant risk of loss.