Interactive Brokers Interactive Brokers Review is a top-rated broker that caters to active traders, financial professionals and sophisticated individual investors. Its flagship platform is a powerful tool for market research, tracking and making investments.

Investors who trade 300,000 shares or more each month can take advantage of tiered pricing. Commissions go as low as $0.0035 per share for those who use this plan.
Easy to use

Interactive brokers review is one of the most comprehensive and advanced investment brokers in the industry, offering a wide variety of assets, research reports, global market access, tools and calculators. Its vast offering can be daunting for some investors, but it offers a free three-month trial and paper trading to help you get started.

The broker's website has undergone a lot of changes over the past several years to make it easier for new investors to use. The site updates are designed to help you navigate the Client Portal, Trader Workstation (TWS) and mobile apps. They also provide a multitude of support options including FAQs, videos, phone customer service and chat.

For traders, Interactive Brokers' Trader Workstation (TWS) is an excellent platform to use for scanning and back-testing trading strategies. The TWS is incredibly customizable and includes everything you need for productive trades, including charting tools, screeners, market indicators and more.

IBKR also has a variety of educational resources for beginners and advanced investors, many of which are free and available through its Trader's Academy. Its courses are thematically arranged, with beginner, intermediate and advanced tiers.

This is an important factor for beginners as it ensures they are not overly overwhelmed with the information they need to learn about investing. It also makes it easy to navigate the various learning content and to decide which is most relevant to their needs.

In addition to these courses, IBKR offers an innovative chatbot feature called iBot that allows you to place orders and get information by text or voice commands. This is a great addition to the broker's education offerings, and can be especially useful for active traders who need extra assistance.

Another way in which IBKR is different from other brokers is its focus on ESG investing. This enables you to trade stocks and ETFs that have environmental, social and governance (ESG) ratings.

The broker also has an extensive range of market news and research, with daily summaries and economic calendars. Traders can also gain access to third-party news sources from Reuters, Dow Jones and Morningstar.
Variety of trading tools

The best online brokerages offer a wide variety of trading tools to support a range of investment goals. For example, both Interactive Brokers and TradeStation target advanced investors with a range of tools that allow them to monitor markets.

Both platforms have a learning curve and specific fees, though both are designed to help users understand the basics of market analysis and trading options. The right choice depends on the investor's preferences, including what features are important to them and whether they want to pay specific fees for particular services.

IBKR's platform features an extensive array of assets, research reports, global market access and other analytical tools to aid investment decision-making. It also offers numerous calculators and educational materials to educate investors about the stock market.

Its Lite program, available to clients in the US, offers fee-free commissions on stocks and exchange-traded funds (ETFs). Pro account holders can trade larger volumes of shares at less than a half-penny per share and get the benefit of IB SmartRoutingSM to search for the best prices across multiple markets.

Interactive Brokers has a strong educational offering that includes free webinars and courses, as well as fundamental analysis and market commentary from pros. Despite prior criticism, the broker has made significant strides in improving its educational offerings, making it a good choice for active traders looking to expand their circle of competence.

In addition, it offers a Traders' Academy with online courses and quizzes to help new and experienced traders gain the knowledge needed to make informed decisions on their trading investments. The broker also offers an Impact Dashboard, which allows investors to select their own personal investment criteria from a variety of principles.

There are also a variety of research reports, such as the redesigned Fundamentals Explorer, which provides data points on companies' history and performance. Its portfolio analyzer helps users track and monitor their own portfolios, enabling them to identify undervalued investments or find new opportunities.
Low margin rates

Interactive Brokers offers low margin rates, which are a great benefit for investors looking to trade on margin. This strategy allows them to magnify their profits and reduce risk exposure. However, it is important to be aware of the risks involved.

Margin is a type of trading where you borrow money from your broker to trade and then pay interest on it. This can be a very good way to make big gains, though it is also risky.

The rate that you are charged depends on the amount of margin you have and is usually a few percent of your leveraged capital. It is therefore important to find a broker offering the lowest margin rates possible.

In order to trade on margin you must open an account with a broker and meet various requirements. For example, you need to have a minimum of $2000 in your account before you can use margin services.

This is called a margin account and it is separate from the cash account you use for your regular trading activity. The margin account is separate because when you trade on margin you are borrowing money from the broker and this means there are many legal and tax details that need to be settled before you can access this service.

There are many brokers that offer margin trading and the majority of them will charge you a fee for using this service. The best way to find a broker that will provide you with the lowest margin rates is by doing thorough research.

One of the most popular discount brokers, Interactive Brokers has an excellent reputation for offering low margin rates and a range of other benefits to traders. They have millions of active users and generate significant revenue from trading commissions and fees.

With a variety of trading tools and a comprehensive menu of investment types, it is easy to see why so many traders choose Interactive Brokers. They are a great choice for professional investors, day traders and even casual traders who are looking for low-cost options to trade with.
24 hour customer support

When it comes to a successful business, customer support is a hugely important factor. Without excellent customer service, customers will quickly move on to a competitor and leave your company in the dust. It’s a fact that a bad customer experience can cost your business thousands of dollars in lost revenue and brand loyalty.

In a world where time is of the essence, customers expect instant resolutions to their queries, regardless of the type of channel they use to contact you. That’s why if you want to provide excellent customer support, it’s important to offer round-the-clock options that meet the needs of your customers.

A customer who has a problem with your website will be more likely to convert into a sales lead if you offer them 24 hour customer support via live chat or phone. Moreover, your customers will also be more satisfied and less likely to move on if they feel that they are dealing with an agent who is knowledgeable and able to resolve their issue in a timely manner.

Another benefit of providing 24/7 support is that it can help you serve a global market and expand your reach. This is especially important in industries like healthcare, travel, and insurance, where customers can’t always wait for support during regular business hours.

Scaling up to 24/7 support isn’t an overnight process, but it can be achieved gradually. It’s best to start by offering weekend and evening coverage if you receive similar levels of support queries year-round, and then extend to 24/7 coverage as your team grows.

You should also consider implementing AI-powered chatbots to respond to simpler queries and assure customers that they will be contacted soon if more complex problems arise. Then, make sure your knowledge base contains plenty of helpful topics that will guide customers to self-service options if they prefer not to speak with a customer service rep.

Investing in 24 hour customer support is a great way to improve your ROI and create a stronger relationship with your customers. Not only will it help you maintain a positive reputation, but satisfied customers are more likely to recommend your brand to their friends and family.