Interactive Brokers

Interactive Brokers, one of the largest bargain brokers in the United States, was formed in 1978. Several financial regulators throughout the world supervise the broker, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Interactive Brokers is regarded as safe due to the broker's several top-tier regulator licenses. The fact that it has a long track record, publicly reported financials, and is listed on a stock market all point to IB being a trustworthy service provider.

Interactive Brokers is one of the largest discount brokers established in the United States, and it is regulated by a number of top-tier authorities throughout the world. We suggest this broker for both skilled traders and regular individuals who want to trade in many stock markets.

On the bright side, IB charges relatively cheap fees, covers a wide range of markets and products, and provides a variety of research tools.

However, there are certain disadvantages. We were dissatisfied with the quality of customer support, and the account opening process is difficult. Unlike the web and mobile platforms, the desktop platform is sophisticated and difficult to grasp, particularly for novices.

If you're comfortable navigating sophisticated systems and like transparent, low-cost trading, Interactive Brokers is a good fit.

Traders searching for extensive market access and a professional trading environment might choose this broker.

Pros

• Low trading fees
• Complicated account opening process
• Wide range of products

Cons

• Complex desktop trading platform
• Many great research tools
• Understaffed customer service

Fees score: 4.5

Website: www.interactivebrokers.com