Interactive Brokers

in Brokers / Forex, Equities, Futures & Options

Country: United States

Ranked #14 of 55 Brokers


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Apr 07, 2016

Forex Signals in singapore

No more wait for Trading in singapore in FOREX with advanced technology and formula's for trade and now crack the mentality of forex with FOREX MASTERS.

Member (2 reviews, 0 posts)

0 of 0 members found this review helpful.

Aug 03, 2015

Stuck up

I will not recommend them. Based on my experiece with customer service. If you are a trader you need to be confident that when why call your broker they will deal with your request immediately. At the account opening stage and I am not impressed at all.

They feel and act like they are the best in the industry. No company grows without its client. I hope more competition will come out for the united kingdom.

Luckily there are plenty out there.

Member (1 review, 610 posts)

1 of 2 members found this review helpful.

Oct 31, 2014

Not great for Australian Customers

I am new customer of IB from Australia... Was attracted by low fees ( it cheaper for me to trade ASX stock and option with IB in US than using an Australian broker)
However he experiences so far has been not that good
- 1) Staff not very helpful mainly US support staff ( Asian time zone staf is good but not knowledgable on soem US products)
They give stock standard answers rather than understanding the question
Had real difficulty gainging information on things like Singale Stock Futures most of staff had no idea
- 2) High data cost

The biggets problem for me as an Australian resdeint client is IB only allows CASH account no margin account
I feel like I have been treated like a person from an enemy teritory!
The reason they give is Australian regulations.. which is BS. it is hard to believe that a big broker like IB can't get Australina licence? other brokers like Options express alows Australian to trade everything

This restiricts me in 3 ways
A) Levergae
B) Can't do naked option writing
C) Can't trade Single Stock Futures
NOT HAPPY AT ALL thinking of pulling out

Member (1 review, 381 posts)

1 of 1 members found this review helpful.

Jun 16, 2014

IB maffia behaviour

IB has introduced an exposure fee. With only a weeks norice, they imposed a fee on many of their customers. This fee is on a daily basis and based on an extreem (unrealistic) (overnight) risk scenario (especially for index related products). This fee will easily tripple the cost as compared to the commissions. It is a daily fee, that easily amounts to 20 USD a day for an average account.

Member (1 review, 0 posts)

2 of 2 members found this review helpful.

Dec 11, 2013

Don't offer complete list of AIM LSE stocks

My issue with IB is they do not have a full range of AIM stocks listed on the LSE. This is a major issue if like me, you hold those stocks and wish to transfer them over to IB from your previous broker and trade them using IB.
The platform sounded OK but a nonstarter because of this.
Your broker must be able to trade the stocks you want to trade right? Why restrict the equities you can trade?
...and the stock I am referring to has decent liquidity ...although a small cap for London.
Why would an International Broker do this?
I note the other International broker also has the same issue.
They are both unworthy until they offer a more complete list of equities.

Member (1 review, 1 post)

1 of 2 members found this review helpful.

Nov 03, 2012

I have a SIPP with IB

Once you learn the platform via their webinars IB offer a great service.

Member (2 reviews, 24 posts)

2 of 3 members found this review helpful.

Oct 11, 2011

Be careful of margin policy swings

One of the heavily advertised key advanatges of IB is their "generous" margin policy both in terms of level & interest rates. However as many customers found out in September/October IB can change policy suddenly removing margin completely on 100s of "small cap" stocks and ETCs that had previously required only 15% maintenace margin. Initially they were also going to remove margin on many ETFs and preferred stocks but have...we hope ...changed their mind.

Trading on margin one of course expects to make margin calls due to the market movements but NOT due to seismic and sudden changes in the brokers own margin policy !! Better not to offer margin in the first place rather have a volatile policy.

New Member (2 reviews, 0 posts)

4 of 5 members found this review helpful.

Oct 06, 2011

Good overall for futures but one SERIOUS flaw

I'm a system futures trader and trade a variety of futures around the world. IB happens to be connected to so many exchanges BUT doesn't provide us any decent list of futures from each exchange to trade. For instance, IB is connected to Korea Futures Exchange and give us... only the Kospi 200 Futures. IB is connected to Sidney Futures Exchange, and give us... only the ASX 200. Come on IB, are you serious? We don't need another CFD-like-bucket-shop competitor, we need a SERIOUS professional CTA services. Sooner or later I'll have to change broker, not because IB isn't good overall, but just like Nokia these days, they're sleeping on the job.

Newbie (1 review, 0 posts)

3 of 7 members found this review helpful.

Oct 02, 2011

Insufficient for option traders

Critical features like OneCancelAll, not available for option spreads / combos. eg could be in a spread at 1.00 debit, and want to sell at 2.00 and simultaneously set a stop at 1.50, so whichever executes first, it cancels the other. Critical for anyone who cant be at his computer screen 24/7.

OCA feature, available for single legs only. Anyone with even a little experience in trading options, would trade spreads / combos, rather than single legs. Suggesting only inexperienced option traders use IB.

IB only allow one option chain to be opened at a time rather than multiple.

RAM hogging software, even with nothing extra open and can take ~+10mins to open after log in details entered.

Commissions should always be leg, esp considering there are expensive cancellation fees ~>$1 per leg for single leg trades, lack of available features and facilities to trader.

This is not criticsim for the sake of criticism, but we want IB to be one of the top brokers for option traders. Currently, its average at best.

New Member (1 review, 0 posts)

2 of 4 members found this review helpful.

Oct 02, 2011

Good or bad depends on what you are looking for.

I have been with IB since 1992. Most of the time I am not happy about this company. Then why do I still stay with IB? Because I use 4 brokers, IB is one of them. I use IB for scalping because of the low commission.

1. Fast execution.
2. Low commission.
3. Customizable hot keys/mouse.
4. Security device or pass code protection.

1. Lousy, unfriendly, arrogant CS staffs.
2. Over packed, confusing software TWS.
3. Very poor, related TWS documentation.
4. Cannot find help anywhere either from TWS software or web help.
5. TWS takes too long to start.
6. No one in IB cares about customers.

Newbie (1 review, 1 post)

5 of 6 members found this review helpful.

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