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InteractiveBrokers is a stockbroker. Interactive Brokers provides online and mobile trading platforms for trading platforms. InteractiveBrokers.com provides stocks, futures, options, ETFs, foreign exchange, CDs, bonds, etc. for your personal investment and trading options.
The identity of the broker owner has been hidden. There is a valid reason for this, because spammers use this information to send emails to broker owners. Unfortunately, this also makes it difficult to identify the owner. If the broker does show his true identity, we prefer it. When we analyzed the reviews, we found that the reviews were very positive or negative. We have seen this pattern on several scam brokers. Scammers buy fake reviews to hid...
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i use them for 18 months now - manual and automated trading with Smartquant's Quantdeveloper - done futures and forex (IDEALPRO) - the costs are very low, execution is fast and reliable - customer support is a little bit slow - finally i got all my questions answered, ever ... very happy with them - only the FX leverage 50:1 is a little boring ;-)
Worst firm ever. Cannot recommend them due to huge slippage on volatile markets or no fills. Rollover cost and commissions too high compared with others. The accounting is a disaster...
Crap! I've been trying to close my account with them for months but, due to some irrational problem they have, they can't close it. You can't speak to any one, you have to log on and use their chat service which takes forever for someone to answer. I get margin call email messages despite not trading through them for about two years. They've pissed me off big time. They haven't got a clue about customer service. Whilst their platform is quite good, I wouldn't recommend them as a broker for Joe Soap.
They are great for trading stocks and futures. You can also trade forex, however you have to pay a commission on top of the spread for each trade. Execution is instant, but spreads can widen a lot during news announcements (+30 pips) for brief periods, so it may not be the best broker for news trading. Customer service is excellent though and they offer a lot of products. 2006-09-03 update I got filled around 8~12 pips outside of the spread 3 times in a row during news time! That's 10 pips above the spike, where the price never was!
I was doing well with IB until recently. Twice they filled me at 10 pips outside the spread. Basically stealing from me 10 pips. They also are not filling limit orders at times and they are very slow. I was getting in within a second or two, and not it is as much as 15 seconds. I had a buy limit order placed and the price moved above and below the limit order a couple pips and no fill. I switch it to market, and it fills outside the spread. Their actions are criminal, pure and simple. I emailed them and they basically said that Forex is unregulated and they can do whatever they want. This broker has gone way downhill.