Interactive Brokers (IBKR)

Interactive Brokers - Logo

Fees:

  • Tiered Pricing: Charges a percentage based on monthly trade volume:
    • 0.05% up to £40 million
    • 0.03% for £40 million to £80 million
    • 0.02% for £80 million to £400 million
    • 0.015% for over £400 million
  • Fixed Pricing: Charges 0.05% of trade value for IB SmartRouting and 0.10% for direct routing. Minimum fees start at £1 for tiered pricing and £3 for fixed routing.

Offer:

  • No Active Offer: Currently, there are no promotional offers available.

Trading Platforms:

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Interactive Brokers - Logo
Features
  • Global Market Access: IBKR provides access to over 150 global markets, allowing clients to trade stocks, options, futures, currencies, bonds, and funds from a single unified platform.
  • Advanced Trading Tools: It offers a wide range of trading tools such as IBKR BestX™, which enhances trade execution and price improvement.
  • Low Fees: No added spreads, ticket charges, platform fees, or account minimums, making it one of the most affordable brokers.
  • Research and Analytics: Clients have access to over 200 research, news, and market commentary providers, both free and premium.
  • Diverse Order Types: The platform supports over 90 order types, including complex algorithmic trading options.
  • Trading Platforms: A variety of platforms for different investor levels, from mobile to desktop solutions.
  • Sustainability Options: Offers the ability to engage in sustainable investing, with access to relevant financial products.
Details

Interactive Brokers is an established brokerage that caters to both individual and institutional investors. Known for its robust and professional-grade platform, it allows access to an extensive range of financial products and global markets. It is favored by advanced traders due to its comprehensive tools, low fees, and wide range of asset classes. IBKR emphasizes cost efficiency, best execution practices, and provides tools that are designed to optimize trade performance and portfolio management.

Pros
  • Low Fees: Minimal to no additional costs such as spreads or ticket charges.
  • Global Market Access: Clients can trade in over 150 global markets, making it ideal for international investors.
  • Advanced Trading Tools: IBKR BestX™ and a variety of free and premium trading tools help investors enhance their trading strategies.
  • Comprehensive Platform: Available on mobile, web, and desktop, the platform is suitable for all levels of investors.
  • No Account Minimums: Making it accessible to a broader audience.
Cons
  • Complexity: The platform may be overwhelming for beginners due to its advanced features and professional tools.
  • Focus on Active Traders: Its tools and services are tailored more toward active traders and institutional clients, potentially limiting its appeal to casual investors.

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