Interactive Brokers review
Trust 8.9/10Nasdaq-listed institutional-grade broker with the broadest market access of any retail-accessible broker — 150+ markets across 33 countries. Trader Workstation is the industry yardstick for power users.
CFTC-NFA
FCA
ASIC
MAS
IIROC
FMA-NZ
CySEC
HQ United States
Est. 1978
Segregated client funds. Affiliate link — supports the site at no cost to you.
At a glance
Min deposit
$0.00
Max leverage
1:50
EUR/USD spread
0.20 pips
Commission
$4/lot
Pros
- Nasdaq-listed and tier-1 regulated globally
- Access to 150+ markets in 33 countries
- Tightest forex spreads with institutional pricing
- Comprehensive API for algo trading
- TradingView integration alongside TWS
Cons
- Steep learning curve on Trader Workstation
- No MT4, MT5 or cTrader
- US clients face FIFO and no hedging
- Tiered commission structure is complex
- Limited weekend support
Account types
| Account | Available | Best for |
|---|---|---|
| Raw / ECN spread | Scalpers, algo traders, high-volume | |
| Standard | All-in spreads, simpler costs | |
| Swap-free / Islamic | Swing traders, religious requirements |
Platform support
| Platform | Supported |
|---|---|
| cTrader | |
| MetaTrader 4 | |
| MetaTrader 5 | |
| TradingView | |
| Proprietary |
Trading costs
| Item | Value |
|---|---|
| EUR/USD avg spread | 0.20 pips |
| Commission per standard lot | $4 round-trip |
| Swap fees competitive? | |
| Withdrawal speed | 48 hours |
| Deposit methods | Bank Wire, ACH |
| Base currencies | USD, EUR, GBP, AUD, NZD, JPY, CAD, CHF, HKD, SGD |
Best for
High-volume traders
Algo traders
Stock CFD traders