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INTERACTIVE BROKERS

www.interactivebrokers.com
Published by admin
21-02-2009

INTERACTIVE BROKERS

You can view reviews and rate this broker below, from 0 to 5.

(0 is the worst rating, 5 is the best rating)

Member rating

Spread / Commission		4.75
Execution Speed		5.00
Deposit / Withdrawal		5.00
Customer Service		3.75
Scalping Policy		4.50
EA Compatibility		0
4 users rated 77% average

#1 (permalink)

By highflying on 15-05-2009, 12:05

Member reviews
Spread / Commission		5
Execution Speed		5
Deposit / Withdrawal		5
Customer Service		4
Scalping Policy		4
EA Compatibility		0
Average 77%

antiquated interface, but great spreads, stable, reliable ect

#2 (permalink)

By Forex37 on 09-09-2009, 18:02

Member reviews
Spread / Commission		5
Execution Speed		5
Deposit / Withdrawal		5
Customer Service		4
Scalping Policy		5
EA Compatibility		N/A
Average 96%

Interface is just like a Porsche: Antiquated, fast, reliable, configurable, sturdy... just power and quality. And its got a terrific API - free!

Financially one of the soundest firms in the industry, no marketmaker games, spot market, futures and options..... but you got to take the learning curve, steep learning! Lots of frontends available.

Highly qualified customer service, helpful but NO handhelding, absolutely none.

High minimum for opening an account (USD 10K), but lower minima for some folks, especially if you go through an introducing broker of them.

Best regards

FOrex37

p.s. check the videos and manuals on their website, look at the incredible order combinations (multi stages OCA orders via OCA groups)

#3 (permalink)

By tokaji66 on 30-11-2009, 13:32

Member reviews
Spread / Commission		5
Execution Speed		5
Deposit / Withdrawal		5
Customer Service		3
Scalping Policy		4
EA Compatibility		N/A
Average 88%

my ratings for IB

#4 (permalink)

By dwt on 12-03-2010, 15:55

Member reviews
Spread / Commission		4
Execution Speed		5
Deposit / Withdrawal		5
Customer Service		4
Scalping Policy		5
EA Compatibility		0
Average 77%

A great broker

I've been a customer of IB for about 10 years, and have had a uniformly positive experience over that time. If you combine an account there with NinjaTrader you get a world class platform with great flexibility, easily pre-set size and stop / TP values, and one click on-chart trading capability.

Withdrawals happen same day (if before 14:00 ET) without fail, resulting in my high Customer Service rating. It's a bit spottier if you want to interact with a human (though that's been vastly improved over the years).

Unique to IB (I think) is the ability to trade stocks, options, futures, and forex all out of the same account.

If there are downsides to IB, they are:
- max leverage is 40:1 (which has never bothered me)
- relatively low (15Mil, I think) max trade size (I hope that bothers me one of these days!)
- inscrutible forex accounting. They leave P/L of trades in your non-base currency in that currency, never clearing it. (e.g. a JPY balance as a result of USDJPY trading) You must make a "closing" trade to get things back into your account's base currency. This becomes a hassle at tax time.

All in all, I'd highly recommend Interactive Brokers.

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