Best Brokers
Interactive Brokers
TD Ameritrade
0.1
Interactive Brokers
Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK’s Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
Recommended for traders looking for low fees and a professional trading environment
Pros
Low trading fees
Wide range of products
Many great research tools
Cons
Complicated account opening process
Complex desktop trading platform
High forex fees
Fees
Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros
Low trading fees
Free stock and ETF trading for US clients
Low margin rates
Cons
Inactivity fee
Interactive Brokers fees
Fees
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long
Pros
Low trading fees
Free stock and ETF trading for US clients
Low margin rates
Cons
Inactivity fee
Not user-friendly
Interactive Brokers minimum deposit and time to open an account
Deposit and withdrawal
Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros
Low trading fees
Free stock and ETF trading for US clients
Low margin rates
Cons
Inactivity fee
Interactive Brokers fees
Verdict
Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer. Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.
On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though: there is a high forex fees, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.
0.2
TD Ameritrade
Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK’s Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
Recommended for traders looking for low fees and a professional trading environment
Pros
Low trading fees
Wide range of products
Many great research tools
Cons
Complicated account opening process
Complex desktop trading platform
High forex fees
Fees
Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros
Low trading fees
Free stock and ETF trading for US clients
Low margin rates
Cons
Inactivity fee
Interactive Brokers fees
Fees
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long
Pros
Low trading fees
Free stock and ETF trading for US clients
Low margin rates
Cons
Inactivity fee
Not user-friendly
Interactive Brokers minimum deposit and time to open an account
Deposit and withdrawal
Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros
Low trading fees
Free stock and ETF trading for US clients
Low margin rates
Cons
Inactivity fee
Interactive Brokers fees
Verdict
Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer. Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.
On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though: there is a high forex fees, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.