Interactive Brokers

The best and the lowest priced.

I have used them all, TD Ameritrade, E-Trade, Schwab, OptionsHouse, and Interactive Brokers is by the best. The have the best trading platform, customer service is very good, and cost per trade is best in the industry. I would choose them first if you trade often.

Trust Score

2.5

User’s Review Ratings

Overall

Price can't be matched.

Cheap, Quick, Safe

I've been to many brokers in my time of trading and IB is one of the best I've ever used.

Their commissions are unmatched. If you are a day trader who trades either stocks, options or futures multiple times per day than this broker is for you.

Their executions are top notch and the ability to check how many shares are available to short without having to contact customer service is great!

The only thing that bugs me about IB is their customer service. If you call them you will be put on hold for a long time and if you use their chat feature it can take them a long time to enter the chat and when they answer your question its usually not clear and just points you to a 10 page wall of text to read on the web to figure out your problem

Trust Score

2.2

User’s Review Ratings

Overall

The best

Honestly, I don't know why would anyone use any other broker. IB has the best combination of execution, commissions and platform. The tools might be not the best, but any serious options trader needs professional options software anyway. The money you save on commissions can buy the best options software (and leave you with some change).

Trading with any other broker is throwing money away. Hundreds of our members switched to IB and are very happy.

Trust Score

1.1

User’s Review Ratings

Overall

Seems good

Seems like good company No issues so far

Trust Score

1.0

User’s Review Ratings

Overall

Outstanding

IB is the best broker for active traders. Period. They provide excellent commissions, excellent execution and excellent platform. There is some learning curve, but it will be well worth it.

Trust Score

1.0

User’s Review Ratings

Overall

Interactive brokers is the one stop shop for all traders.

Interactive brokers is the one stop shop for all types of traders. I can trade anything I want, stocks, options and futures all on the same account. IB is really hard to beat with its very competitive commissions, execution and platform.

Trust Score

1.0

User’s Review Ratings

Overall

Great for people who want to trade everything

After searching for a good futures broker I decided to move everything to IB because they will allow me to trade stocks, options and futures on the same account. Fees are very good, but the two things I would change are customer service (you get what you pay for) and data. You will need to get your own data feed and a 3rd party charting platform, but overall its great place for an experienced trader. I wouldn't recommend this for a NEW trader b/c the support just isn't there, but experienced traders will love the 'one stop shop'.

Trust Score

1.8

User’s Review Ratings

Overall

Best stop for a retail trader

Interactive brokers is the one stop shop for a retail trader. They lack a little on the customer service side, but make up for it everywhere else. They have access to the largest amount of tradeable products (Futures, Options, Stocks on markets across the world). They also have some of the best commissions available. My only complaint with IB is their data feed, but that is the case with most brokers.

Trust Score

1.5

User’s Review Ratings

Overall

Fast $ transfers and loads of trading vehicles avail.. but

Pros:

trade anything you want: stocks, options, futures

10000 minimum to open, but no minimum to keep it open

no monthly fees if you make a few trades

occasionally has borrows on runners, which are good for swings (unlikely to buy in)

Cons:

hidden fees if you don't add liquidy (good luck getting filled adding liquidity, especially in options)

charts suck really bad

platform bloated, and login too slow

tws platform is a bit complicated, takes time to get used to

order entry is way too slow, hard to get in, get out fast

Trust Score

1.0

User’s Review Ratings

Overall

The best broker overall

IB is hard to beat in terms of commissions, execution and platform. Customer service is better than it used to be but still needs some improvement. If you are even semi active options trader, this is the broker for you.

Trust Score

1.0

User’s Review Ratings

Overall