Interactive Brokers Review 2012


Interactive Brokers Commissions


  • $0.005 per share with $1 minimum per stock/etf trade (SMART routed orders only)
  • Options: $0.70 per contract plus exchange fees
  • Mutual funds: $14.95


Interactive Brokers Important Fees and Surcharges


  • IRA setup fee: $0
  • Annual IRA fee: $30
  • IRA termination fee: $0


Interactive Brokers Pros


  • Excellent stock commissions for orders with fewer than 600 shares
  • Professional trading platform
  • Competitive margin rates
  • Great borrow list


Interactive Brokers Cons


  • Inactivity fee could reach a maximum of $240 a year
  • Worst customer service of all discount brokers
  • $10K minimum required to open account
  • Complicated trading platform
  • Per share commission plan is expensive for large orders (over 1,000 shares)
  • Automatic, instant liquidation calls
  • Weak charts
  • 30/month for data feed


Interactive Brokers Account Types


  • Single Customer Types
  • Individual
  • Joint
  • Trust
  • IRA

  • types of IRA accounts:
  • Traditional
  • Traditional Rollover
  • Traditional Inherited
  • Roth
  • Roth Inherited
  • Simplified Employee Pension (SEP)
  • Simplified Employee Pension (SEP) Inherited

  • Organization Customer Types
  • Corporation
  • Partnership
  • Limited Liability Company
  • Unincorporated Business


Interactive Review


Interactive Brokers provides some of the best commissions among discount online brokers. Unless you want to trade orders of 800 shares or more. Interactive Brokers is only an option for active traders - their inactivity fee could reach a maximum of $240 a year! Minimum to open account is $10,000!

IB's powerful direct to market trading platform (Trader Workstation) is very complicated and takes a while to master. Customers could trade many markets and order execution is excellent. The company provides probably the best among brokerage companies selection of stocks to borrow.

Customers should be careful about margin liquidation and customer service at IB. Interactive Brokers uses a computer to auto liquidate positions and users often get very bad fills when over leveraged. To top it off, IB's customer service is the worst of all online brokers. If you ever lose money during auto-liquidation, don't bother calling them and trying to get your money back.


Interactive Brokers Promotional Code or Bonus


IB.com review 2012



Interactive Brokers Reviewed by Savings-Secrets.com on . Rating: 3
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