Our verdict
On the whole, Interactive Brokers (also known as IBKR) has a lot to offer. It has everything you need for investing and trading - plenty of tools and resources plus a vast range of investments and markets.However, the devil is in the detail, and Interactive Brokers has one of the most complex fee structures we've seen. The fees do actually work out quite cheap, but deciphering them is more complex than reading Morse code.
Interactive Brokers is definitely geared more towards traders than investors. Still, it has been expanding its offering in the UK by launching educational resources and introducing a stocks and shares ISA account. We think beginners may find IBKR slightly overwhelming, but experienced investors will rejoice at the sheer depth of assets and trading tools on offer.
- Low fees
- Demo account available
- Lots of trading tools and learning resources
- Huge range of access to investments and global markets
- Complex fee structure
- Platform is most suitable for experienced traders
- Strong emphasis on trading
- Not the easiest app and website to navigate
