Open an account today Get Started. Comparing brokers side by side is no easy task. Equity Research - Metric Comparisons. What you need to know IB's educational offerings cover a variety of market topics in detail, but large-scale omissions undermine the user experience. In our rigorous assessment, there is no question that they deliver. Execute stock and option trades at IB and clear these positions to other prime brokers. Many programs focus on software and broker education, but the growing library of market-focused topics does a good job of building client skills.
Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Registered Office: McGill College Avenue, Suite , Montreal, Quebec, H3A 3J6, Canada.
Interactive Brokers Competitors
Turning to charting, technical traders will find nearly everything they need. One hundred and twenty one different studies are available to be added to any chart, and customizations cover every possible option. Note though, while optional indicators are impressive, TWS still trails the and offered by TradeStation and TD Ameritrade thinkorswim , respectively.
Out of all the tools on TWS, I found the charts to have the most user-friendly interface. Considering the depth of functionality, I was surprised to find only nine tools for mark ups. While the basics are present — trendlines, notes, zooming, Fibonacci, etc.
Pickiness aside, the charts on TWS have all the core functionality required to succeed: There is no question TWS is built for professional trading as there are, for example, a staggering 63 different order types available for clients to use, by far the most in the industry. Alongside charts, TWS is also home to a variety of other tools not covered in this review. In , Interactive Brokers added a handful of new useful tools and features that stand out: Portfolio information, orders, quotes, and more are all supported.
The AI race is on. Rounding out the new TWS features offered in is a new Layouts Library, which provides less seasoned traders access to 24 unique, pre-built layouts.
Also on the ease of use front, fonts for each window can now be resized. After assessing TWS across 58 individual variables, the platform easily ranked among the best in the industry. Certain tools, such as charting, lack depth compared to those of the top-ranked platforms; however, overall, TWS delivers. Finally, for traders traveling without access to their desktops, or for traders looking to simply monitor their portfolios, place trades, and view watch lists, IB WebTrader is a good solution.
After loading WebTrader, I found a detailed summary of my portfolio balances and margin requirements alongside a full spectrum order ticket.
When I say full spectrum, I mean trading for all asset classes is supported. The only limitations are algo orders and other advanced order types.
Pulling quotes will provide only a basic high-level summary, an extremely rudimentary chart I recommend you avoid altogether, and an option chain. Basic stock screening is also present alongside a high-level international market summary tab, Market Pulse. Customizations are essentially non-existent throughout, although streaming real time quotes are found throughout, which is essential.
Bottom line, the focus of WebTrader is to monitor portfolios and manage orders; it is not designed to be used as a standalone. It accomplishes these functions well. Being a professional trader-focused brokerage, Interactive Brokers is not known for its research offering. Bundled for free with the TWS platform, customers will find what they need to conduct thorough research on stocks, mostly thorough research for ETFs, but little to no research on Mutual Funds and Bonds.
Research highlights include the available screeners, backtesting functionality, and portfolio analysis tools, which are all excellent. For traders who are looking for a rich offering of fundamental research, Interactive Brokers offers dozens of third-party provider feeds a la carte, including Morningstar, which are available for a monthly fee. Any provider package purchased integrates straight into TWS for a seamless experience. To score Customer Service, StockBrokers.
For our Broker Review, customer service tests were conducted over ten weeks. The data collected is institutional grade and sets the current industry benchmarks. Mobile trading with Interactive Brokers is mostly an enjoyable experience.
When testing the iPhone app, I found it had everything I needed to trade effectively. From lightning quick streaming data to full-featured order entry and portfolio management, all the main criteria were quickly checked off. The drawbacks with the experience center around usability. For example, the charts have 68 different optional studies, which is great, but the charts are not flexible.
Active traders will also appreciate the Order Wheel tool, which, although confusing to use at first, makes rapid, detailed order entry feasible on small form factors. As stated previously, mobile trading with Interactive Brokers is well supported across all devices and has the core functionality required by traders to go about their business and trade effectively.
In , Interactive Brokers launched a new Debit Mastercard, which is unique for its capital management capabilities. Tied to your individual IB brokerage account, any cash sitting idle will earn you interest of 0. If you spend beyond your cash balance, IB will simply borrow against your available portfolio margin assuming you have a margin account.
While there are no cash rewards or frequent flier miles to earn, the interest rates are significantly lower than a traditional credit card; IB's margin rates start at only 2. Finally, while Interactive Brokers does not cover advisor services and institutional asset management, the company uniquely offers what it calls the Investors' Marketplace.
Hedge funds, research and technology providers, administrative service providers, and the like are all included. For our Stock Broker Review we assessed, rated, and ranked 13 different online brokers over a period of six months. OptionTrader is a robust trading tool that lets you view and trade options on an underlying. TWS OptionTrader offers trader the following benefits: Quick click order entry.
Manage options orders on a single screen. Display Implied Volatility by contract. Calculate fair value of option contracts. View the Greek risk dimensions. See open interest on option chains.
Color-coded values for quick glance information. Monitor price variations of the underlying in the Quote panel.
What is options trading?
interactive brokers australia pty ltd ABN 98 is licensed and regulated by the Australian Securities and Investments Commission (AFSL: ) and is . Interactive Brokers (IB) offers comprehensive broker-dealer services through a robust trading platform and highly regarded back-end support. It provides access to multiple world markets, exchanges, and security products through seven corporate entities in North America, Europe, India, Asia, and Australia. Interactive Brokers uses a variable commission schedule that makes it stand out in the world of stock and options trading. Rather than pay a mostly fixed rate, Interactive Brokers' commissions.