Offers at Interactive Brokers - What to expect as a new customer
One of the first things we noticed when preparing our Interactive Brokers review is that this is a broker aimed at the more experienced trader. That’s not to say it’s not suitable for beginners, but if you don’t have any prior experience of trading you can expect to discover a steep learning curve.
As a leading and highly respected brokerage, Interactive Brokers doesn’t rely on any gimmicks or sign-up bonus offers. What you can expect is an outstanding service from an award-winning website, which goes that extra mile to give its clients superb value. As an example, you can look forward to low commission fees, outstanding support for best price execution and an impressive stock yield enhancement program that pays you interest on the stocks you hold.
As an added bonus, our Interactive Brokers review discovered that all new signups can benefit from a free trial. You’ll have complete access to all the available platforms, so you can test out strategies, explore the products, order types and exchanges and view the market data with only a short time delay. If you like what you see, it’s easy to upgrade your free trial to a live account, with all your settings conveniently saved for you to begin trading.
Usability – A brokerage for experienced traders
As we pointed out right at the beginning of our Interactive Brokers review, this is a brokerage aimed mainly at professional or experienced traders. This is demonstrated throughout the site, although it certainly isn’t inaccessible to new and would-be traders. However, if you don’t have any prior trading experience be sure to also check out our
FP Markets review
and our
Plus500 review, as they may be more suitable for newbie traders, at least in the short term.
Accounts – A choice of account types at Interactive Brokers
Our Interactive Brokers review highlights the fact that there are numerous accounts available to suit every type of trader. From individual and joint accounts through to family accounts, SIPP accounts and a range of business accounts, it’s possible to tailor your trading experience at Interactive Brokers to suit your circumstances.
You can trade in 23 currencies across 135 markets in 33 countries, so you certainly won’t be short of trading opportunities when you create an Interactive Brokers trading account.
The next section of our Interactive Brokers review investigates the trading platforms on offer – and there’s certainly plenty of options.
Client Portal
The Interactive Brokers Client Portal gives instant access to your account, metrics, trading opportunities and much more, with no downloads required. It’s accessible by all connected devices, making it a firm favourite with all kinds of traders.
Trader Workstation
The site’s proprietary trading platform requires a download, and is designed to allow traders, institutions and investors to conduct trades across more than 135 markets, including currencies, bonds, stocks, futures, options and funds.
IBKR Mobile App
As part of our Interactive Brokers review, we were pleased to discover that the site has a dedicated trading app, available for iOS and Android smartphones. Designed to give you all the trading benefits of the Trader Workstation in a format that you can carry around in your pocket, the app lets you manage your account wherever you have an internet connection.
Trading APIs
A key finding of our Interactive Brokers review is the trading APIs that allow you to customise your trading experience, no matter which trading platform you opt to use.
Trading Payments – fairly limited options at Interactive Brokers
