Interactive Brokers Stock Brokerage Review
It seems the more comfortable you get with trading, the more often you want to do it. Once this happens, it almost seems like you can’t find low enough commissions. Interactive Brokers tries to get you the lowest commissions possible.
Most trading happens in-house. That is why they are able to keep commissions low; however, low commissions usually mean you have to pay for it somewhere else. In this case, Interactive Brokers lacks good customer support, but if you know what you are doing, then that shouldn’t be a problem.
With Interactive Brokers, you can trade stocks, options, futures, FOREX, bonds, and funds.
Pricing Structure – Since Interactive Brokers is trying to get you the lowest commissions possible, prices range depending on frequency, volume, and stock price. Take a look at the full breakdown here.
For an individual investor to open an account you must deposit $10,000, so this broker is obviously not meant for the new guy. If you are 21 or younger, then minimum is $3,000.
Their tools are not meant for the average trader, but, just like everything else with this broker, most people using this service won’t need to rely on it. You can demo it before you sign up.
This discount broker is probably best suited for the active trader. Do you want low commissions or someone to talk to? That is ultimately what it comes down to when deciding to use Interactive Brokers.
Sign up for Interactive Brokers here
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