Edited by Chris Cammack February 3, 2025

Author Alison Heyerdahl

Interactive Brokers Broker Review

Interactive Brokers is ideal for sophisticated, active traders, It offers an astounding number of assets on its books and its feature-rich platforms. However, its website, complicated account structure, and unusual trading rules may leave less experienced traders reeling.

4.31

/ 5

Min deposit

USD 1

Regulated By

ASIC, CFTC, FCA, CIRO, MAS (

SFC

)

Trading Cost

USD 5.40

Leverage

50:1

Copy Trading

Yes

Platforms

Clientportal, IBKRmobile, Trader Workstation

Instruments

Bonds, Cryptocurrencies, Stock CFDs, ETFs, Forex (

Futures, Indices, Shares

)

Visit Broker

Accepts Ugandan Clients. Starting spread EUR/USD 0.1 pips on trading account with lowest minimum deposit. Max leverage 50:1. Trader Workstation and IBKR trading platforms supported. Interactive Brokers is regulated by the FCA, CFTC, ASIC, MAS, and the IIROC.

Our Verdict on Interactive Brokers

Founded in 1977 and listed on the NASDAQ, Interactive Brokers is one of the best-regulated brokers in the industry. Ideal for sophisticated, active traders, Interactive Brokers is in a league of its own with the astounding number of assets on its books and its feature-rich platforms. However, its website, complicated account structure, and unusual trading rules may leave less experienced Ugandan traders reeling.

Interactive Brokers’ world-class research, trading tools, and education will leave traders of all experience levels satisfied, and consistent with its excellent reputation, Interactive Brokers’ trading costs are some of the lowest in the industry. Spreads start at 0.1 pips (EUR/USD) in exchange for a round turn commission of 4.4 USD.

However, because Ugandan traders will be trading under the Interactive Brokers’ subsidiary based in Connecticut, USA, they will only be able to open a margin day trading account if they deposit more than 25,000 USD. Another complaint traders may have is that it does not offer third-party platforms like MT4 and MT5, and traders can only fund their accounts by bank transfer.

Visit Broker

Pros

Well regulated
Low minimum deposit
Tight spreads
Wide range of assets

Cons

Complicated website
No MT4
MT5
or cTrader

Interactive Brokers Overall Summary

Trust Rating

Trading Conditions

Platforms

Education

Beginner Friendly

Assets Available

Analysis Research

Deposit & Withdrawal

Overall Rating

4.31

/ 5

Base Currencies

AUD, USD, EUR, GBP, SGD, CAD

Number of FX Pairs

115

Crypto Pairs

Copy Trading

Yes

Hedging Allowed

Yes

Scalping Allowed

Yes

Islamic Account

Account Name

IBKR pro

Commission

4.4 USD / lot

EUR/USD

0.10

GBP/USD

0.40

USD/JPY

0.20

Negative Balance Protection

Yes

Company Name

Interactive Brokers U.K. Limited

Founded

1977

Website

www.interactivebrokers.com

Website Language

English

Support Language

English

Office Locations

USA, United Kingdom, China, Canada, Australia, India, Japan, Luxembourg

Support Email Address

[email protected]

Deposit & Withdrawal

Supported Platforms

Meet the Experts Behind Our Unbiased Reviews

Alison Heyerdahl

Head of Content

Alison joined the team as a writer in 2021. She is the Head of Content for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in Forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers.

Chris Cammack

Partner Manager and Financial Writer

Chris manages the relationships with our partners to provide the best Forex trading experience possible for our users. Previously Head of Content at FxScouts since 2019, Chris ensured all content met our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.

Ida Hermansen

Financial Writer

Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.

Stefan de Clerk

Financial Writer

The newest member of our team, Stefan has a degree in Marketing and more than a decade of experience writing quality content in both finance and tech. Stefan's deep fascination with how factors like geopolitical events, big data and market sentiment influence the financial markets drives his passion for Forex trading. He believes that if you want to feel the pulse of the world economy, trade Forex, and if you want to trade Forex, you need well-researched, unbiased and objective information.

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