First off, if you are not an experienced and active trader and not trading over $10,000, then check out other stock brokerage reviews. Only the real traders come to play at Interactive Brokers.
Interactive Brokers is home to many professional and institutional brokers. With this stock brokerage, you can trade stocks, options, futures, FOREX, bonds, funds, and foreign markets.
What makes Interactive Brokers enticing is their extremely low commissions. Because the company does everything in house they are able to carry that over to their low prices. That being said, low prices also equals not the best customer support and tools. Again, that is why Interactive Brokers is really a good solution for just experienced traders.
Trading platform can be tested before signing up.
Stock Brokerage Details
Commissions: Because most IB users are trading larger volumes, commission structure varies. See chart here.
Account Minimums: $10,000. 21 or younger is $3,000
Fees: Interactive Brokers does want its users to perform a certain amount of trades per month. Failure to do so results in inactivity fees. See detailed chart here.
Overall, Interactive Brokers is good for only those traders that are experienced, do not need much support or tools, and able to really trade over $10,000. While it seems like a lot of requirements, traders that are able to meet them will experience extremely low commissions for the volume traded.
Experience institutional-type commissions and access when you sign up with Interactive Brokers.
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