Broker Reviews

stock broker reviews

Interactive Brokers Review

About Interactive Brokers:

Interactive Brokers Group, Inc. operates as an automated global electronic market maker and broker.Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.The company provides bid and offer quotations on approximately 620,000 securities and futures products listed on electronic exchanges. Interactive Brokers is a direct access brokerage. It offers access to exchanges in the US, Europe, and Asia and allows trading of their markets via a single interface known as their Universal Account.

Brokers Ratings

  • Overall Above: Average
  • Commissions & Fees: Above Average
  • Customer Service: Above Average
  • Tools & Research: Above Average
  • Ease of Use: Below Average
  • Investment Offering: Average
  • Education: Average
  • Mobile Trading: Exceptional

Trade Commissions Preview

  • Equity Trades $5.00
  • Options Fee $0.00
  • Options Contract $0.70
  • Mutual Fund $14.95
  • Broker Assisted $100.00
  • Minimum Deposit $10,000.00

Highlights

  • Investors can trade on over 80 different exchanges and market centers in 19 countries.
  • Equity trades are $.005 per share with a minimum of $1.00 and a maximum of .5% of trade value.
  • Active day traders can take advantage of IB Smart Routing technology for trade executions.

Account Features you enjoy with IB

  • Virtual Trading
  • Investment Education
  • Mobile Trading
    • iPhone App
    • BlackBerry App
    • Android App
    • Mobile Site

Customer Service Available through multiple channels

  • Phone Support
  • Email Support
  • Live Chat Support

Trade Types available with IB

  • Stock Trading
  • Options Trading
  • Mutual Funds
  • FOREX Trading
  • Futures Trading

IB is specially recommended for investors who are looking for

  • Discounted Trading
  • Long Term Trading
  • Options Trading
  • Active Trading
  • International Trading

Note:

To open an account with Interactive Brokers there is a $10,000 minimum.

Interactive Brokers comes with a $10,000 minimum funding and is not suited for non-seasoned investors , it however provides exceptional support for international trading and offers active traders a very competitive commissions schedule for low cost trading.

Fees and Commission in details:

  • Stocks:
    • .005/share min 1.00 OR max .5% of trade value
  • Options:
    • .70/contract min 1.00
  • Futures:
    • 2.40/contract
  • Forex:
    • spread + 20 per 1Mil min 2.50
  • Minimum:
    • 10,000
  • Interest:
    • 1.68% – 0.00%

Interactive Brokers Information System – IBIS

You no longer need to spend more than USD 1000.00 per month for timely market information. With the Interactive Brokers Information System, you can get it all for just USD 69.00 month.

The Interactive Brokers Information System is a comprehensive and customizable market information workspace.
Subscribe to the Research Platform and receive

  • Real-time quotes,
  • Time and sales,
  • Stock scanners,
  • Charts and
  • Alerts,
  • Risk analytic for your stock portfolio and
  • IB’s daily Options Brief.

To enhance the power of IBIS, subscribe to the Research Data Bundle or select  from various option subscriptions to receive

  • Reuters Fundamentals
  • Reuters StreetEvents
  • Calendars
  • Dow Jones Real Time News
  • Reuters Global Newswire and
  • Dow Jones News Service.
  • Watch-lists to monitor multiple tickers
  • Market Scanners to automatically scan for the top performing contracts
  • Level II market depth to see the depth of book, plus Time & Sales
  • Option chains
  • Display multiple charts including thumbnails with comprehensive technical indicators
  • Customizable time period parameters and on-chart annotations.
  • Using the Alerts Wizard you can
    • Set Price
    • Time
    • Trade and
    • Volume alerts
  • Quickly find the top contracts that meet your filter criteria, such as
    • High and low P/E Ratios and
    • High Dividend Yield using real-time market scanners.
  • A sampling of our stock scanners includes:
    • Top % Gainers/Top % Losers
    • Most Active
    • Hot by Price
    • Hot by Contract • High Dividend Yield
    • Top Trade Rate
    • Most Active by Option Volume
    • 52 Week High/52 Week Low
  • Get real time streaming news for multiple companies, a single company, or by subject via subscriptions to
    • Dow Jones Real Time News,
    • Dow Jones News Service and
    • Reuters Global Newswire.
  • Assess slices of your “portfolio” such as risk by position, industry and underlying.
  • Use Option Analytics and the Model Navigator to modify option pricing assumptions, including the volatility, interest rates and dividends
  • Live News Update – SO you do not miss on any opportunity
    • Major events, consensus estimates are provided and then actual values are updated within milliseconds of announcement.
  • Reuters StreetEvents Calendars include four calendars of critical events, including:
    • Corporate Earnings
    • Economic Indicators/Events
    • Dividends/Splits
    • IPOs/Secondaries
  • Subscribe to Reuters Worldwide Fundamentals
    • Receive comprehensive, high-quality financial information on thousands of companies worldwide.
    • Get quick access to eight pages of mission-critical data including:
      • Business Summary
      • Financial Statements
      • Analyst Ratings/Forecasts
      • Comparable Companies • Dividend Calendar
      • Financial Ratios
      • SEC Filings
      • Insider Trading Report

IBIS Data Services Include

  • Research Data Bundle
  • Reuters Fundamentals
  • Reuters StreetEvents Calendars
  • Dow Jones Real Time News
  • Reuters Global Newswire
  • Theflyonthewall.com
  • Reuters Fundamentals
  • Reuters StreetEvents Calendars
  • Dow Jones Real-Time News
  • Reuters Global Newswire

Education at IB

  • IB Market Brief
    • Stay tuned to intraday market action with our options, currency, and interest rate market commentaries, which are updated throughout the trading day by our own in-house team of analysts.
  • Highlights
    • Browse all of our offerings from a single convenient page to learn more about the advantages we offer to traders.
  • QuickStart Guides
    • Find an abridged version of the product users’ guides, to help you get started with basic functionality.
  • Traders’ University
    • Traders’ University offers a series of Flash based courses designed to provide basic trading product knowledge, along with down-loadable widget and gadget trading tools that you can add to your desktop.
  • User Documentation
    • Provides a centralized spot with links to all available software trading platform and account management Release Notes, Users’ Guides, Getting Started guides and QuickStart guides.
  • IB Student Trading Lab
    • Provides details and application information on our trading partnership with universities and schools around the globe.
      Chats & Bulletin Boards
    • An educational forum for customers to exchange information with other IB customers.
  • The Marketplace
    • Lists sponsored commercial, freelance tool, programming consultants, and education providers offering add-on technology and for customers who require trading assistance and for vendors or educators who wish to publicize their services.
  • Live Events
    • A calendar of upcoming free seminars and live events.
  • New Features Poll
    • Customers can submit suggestions for new features and technology enhancements, and vote on submitted suggestions from other customers.

Bottomline

The initial price of ten thousand dollars is way too much for someone who is trying out for the first time. But their IBIS is very informative and fills in for the steep price. Besides their fees is very competitive as compared to other traders and makes up for the steep mimimum required.

Comments are currently closed.