An Interactive Brokers Review may be difficult to find, but there are some things you can look for in an online broker. In particular, you should look at their online trading platform, research and education tools, Margin rates, and professionalism. There are a lot of online brokerages available, but we’ve focused on a few of them in this Interactive Brokers Review. We’ll cover the most important things you should know. And don’t worry if you’re not an expert on financial trading, you can still get started with a free demo account!
Online trading platform
If you are interested in trading stocks and other financial products online, you may want to use the Interactive Brokers Online trading platform. The platform features standard features such as alerts and real-time monitoring. You can also use the Impact Dashboard to select specific investment criteria based on your personal values. There are 13 criteria to choose from, including gender and LGBTQ inclusion. You can also choose to exclude investments based on ten categories, such as animal testing.
The Interactive Brokers Online trading platform was used by three-time convicted financial felon Peter Zuck in a financial scheme to scam New Jersey residents who invested in his Osiris Fund Limited Partnership. Interactive Brokers has agreed to settle this case by paying a fine of $100,000. The settlement focuses on the role the Interactive Brokers online trading platform played in Zuck’s scheme. The company has since apologized for any inconvenience caused to investors.
Research and education tools
The best way to decide which online broker to use is to read reviews and check out their education and research tools. Interactive Brokers are well-reviewed by consumers, and enjoy a three-star rating on Trustpilot. More than 60% of reviewers rate their customer support as excellent or good. If you are not sure whether to use this brokerage, it is worth it to sign up for a free trial and learn about all of their features.
The web-based Client Portal is the best way to conduct research, according to our Interactive Brokers review. While it doesn’t feature as many charts as its competitors forex com vs oanda, the web interface is more intuitive. Interactive Brokers has an impressive selection of ESG research, including the Impact tool that scores portfolio stocks using ESG metrics. The brokerage also provides federal protection to its clients. Interactive Brokers is an excellent choice if you are a beginner or want to expand your knowledge about stocks and investing.
Margin rates
If you are looking for a brokerage with the lowest margin rates, look no further than Interactive Brokers. They offer margin loans with rates that are much lower than normal consumer loan rates. If you’re looking to invest $100,000 or more, you can borrow at a rate of 1.6%. The same rate applies to loans of up to AUD140,000, and a minimum floor of 0.75% is required. Additionally, you must have a minimum balance of 25% to qualify for a margin loan with this firm.
Another key difference between Interactive Brokers and other discount online brokerages is that they charge much lower margin rates. Interactive Brokers’ lowest margin rate for US traders is 2.6%, and their lowest for most major currencies is 0.5%. IBKR Pro account holders are eligible for a 1.6% margin rate. You can read full details on the https://usforexbrokers.com/reviews/interactive-brokers/. Some accounts require more or less money to open, so check out their website for details.
Professionalism
The definition of professionalism at Interactive Brokers is not clear. The company’s core competencies include trade-related issues, technical services, and programming. The company also has an internal coordinator that coordinates with programming and technical operations. While most job duties are not directly related to the trade-related issues, a general knowledge of the financial market is necessary to serve these clients. The company also offers a competitive compensation package and free health insurance.
The company’s staff is unusually diverse. Staff members are twenty-three percent female and 44 percent ethnic minorities. Sixty-nine percent of the company’s employees are Democrats. It’s also interesting to note that Interactive Brokers employees tend to stay with the company for 4.9 years. Nonetheless, diversity is not guaranteed. Some employees may be less apt to be politically involved. However, they are more likely to be involved with the Democratic Party than other employees.
Customer service
Interactive Brokers has a poor reputation for customer service. Historically, customer service was tier-based, based on the value of the client. This meant that some clients were treated worse than others. In recent years, Interactive Brokers’ customer service has improved, but it remains below average. Here are some tips for improving customer service at Interactive Brokers. Let us know what you think. Here’s a quick review of how customer service works at Interactive Brokers.
Interactive Brokers offers several customer service channels, including live chat. Live chat is an excellent way to contact a customer service representative. In addition, you can find FAQs and a user’s guide through their mobile app. There are also FAQs for frequently-asked questions. In case you can’t find the answers to your questions, you can contact customer service via email. Interactive Brokers also has a trustScore system that lets customers voice their opinions about the company.