Interactive Brokers

: 2024 Review

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Interactive Brokers

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My go-to international brokerage. Founded in 1977, Interactive Brokers is an American multinational brokerage (Nasdaq: IBKR)—and one of the largest in the world. It serves customers from over 200 countries, providing access to products in 150+ markets and 27 currencies worldwide. Its offerings include trading in stocks, options, futures, forex, bonds, ETFs, and more. The platform has been consecutively rated as the #1 Best Online Broker by Barron's for four years.

When asked about brokerages, I generally recommend Interactive Brokers for expats and people living overseas for a few reasons:

  • Trusted platform. Long-standing track record (regulated in the US, UK, Singapore, and 7 other countries). Solid solvency, with equity capital far in excess of regulatory requirements and no long-term debt.
  • Broad selection. Buy stocks, ETFs, bonds, futures, forex, and mutual funds in over 150 markets across 33 countries.
  • Excellent geographic coverage. IBKR has clients in over 200 countries. After you relocate countries, Interactive Brokers also makes it easy to transfer your account to the new country (instead of closing down your account like many brokers).
  • Low fees. Commissions start at $0 for US residents or $0.005 per share. Exchanging currency 0.002% with a minimum of $2.

Key Benefits and Features

Feature Description
Global Market Access Access to over 150 markets across 33 countries, trading in 24 currencies.
Diverse Asset Classes Includes stocks, ETFs, bonds, futures, forex, mutual funds, warrants, commodities, and options.
Fractional Shares Trading Enables purchasing fractional shares in US and European markets.
Advanced Trading Tools Offers more than 100 order types and algorithms, including Market Orders, Limit Orders, Stop Orders, Trailing Stop Orders, Bracket Orders, Conditional Orders, etc.
Educational Resources Comprehensive suite of research tools, free webinars, and courses available through the IBKR Campus.
Exchanges Access to over 60 exchanges including NYSE, NASDAQ, London Stock Exchange, Hong Kong Exchange, Tokyo Stock Exchange, and Singapore Exchange (SGX), Hong Kong Futures Exchange (HKFE), Hong Kong Stock Exchange (SEHK), Shanghai-Hong Kong Stock Connect (SEHKNTL), Shenzhen-Hong Kong Stock Connect (SEHKSZSE, Tokyo Stock Exchange (TSE.JPN), Korea Stock Exchange (KSE), and more


Pricing Aspect Details
Account Fees None
US Stocks Commission fees start at $0 per share for US residents for IBKR Lite. Starts at $0.005 with a minimum of $1 per order for IBKR Pro - Fixed.
ETFs Commission-free for US-listed ETFs. For non-US ETFs, fees similar to stocks in the respective markets apply.
Forex Commission starts at .0002% with a minimum of $2 per order.
Deposit & Withdrawal Fees One free withdrawal per month; $1 for subsequent withdrawals via ACH.
Withdrawal limits USD 50K to unlimited, depending on security level
Inactivity Fees None


Safety Feature Description
Regulatory Compliance Licensed by MAS, SEC, and other top-tier regulators.
Data Protection Utilizes advanced encryption technologies for data security.
Two-Factor Authentication Mobile (Android and iOS) or dedicated security device.
Excess SIPC Protection Provides additional insurance coverage beyond the standard SIPC limits.

User Experience

User Experience Aspect Details
Trading Platforms Website Client Portal, Trader Workstation, IBKR Mobile, and IBKR APIs
Customizable Interface Allows users to tailor their trading environment to suit their preferences.
Account Management Tools Integrated tools for comprehensive portfolio analysis, reporting, and performance tracking.

Customer Service

Service Feature Description
Availability Customer support available 24/7 via phone, email, and live chat.
Language Support Assistance offered in multiple languages to cater to a global clientele.
Online Resources Access to comprehensive FAQs, guides, and tutorials for self-help options.
Account Management Dedicated account management services are available.

Dexter Zhuang
Dexter Zhuang

Dexter is the founder of Money Abroad, a website and newsletter on building wealth for global professionals. Over the last 10 years, he's been a product leader, product manager, consultant and coach at companies like Dropbox, Xendit, and growth-stage startups across the US, Asia Pacific, and Latin America. His work has been featured in global publications like Business Insider, CBS, US News & World Report, and Tech in Asia. He graduated from Dartmouth College.

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