Is Interactive Brokers legit?

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Interactive Brokers has been included in the following lists

• Forex trading

Full review

Interactive Brokers is a well-known online broker that offers a range of financial products, including forex trading. With a long track record and a reputation for excellent service, it's no surprise that many traders are wondering if Interactive Brokers is a legit option for their trading needs. In this article, we'll take a closer look at the quality of service, reviews from real users, customer support, key features, and pros and cons of Interactive Brokers to help you determine if it's the right choice for you.

Starting with the quality of service, Interactive Brokers is known for offering a smooth and efficient trading experience. The platform is user-friendly and easy to navigate, making it simple for traders to place orders and manage their positions. Interactive Brokers also offers a wide range of educational resources and tools to help traders improve their skills, including webinars, trading guides, and more.

What do real users think of Interactive Brokers? Overall, the reviews for the broker are mostly positive. Traders praise the platform for its speed and reliability, as well as the wide range of financial products and instruments available for trading. However, as with any online broker, there are a few negative reviews that mention issues with platform bugs or customer service. It's important to keep in mind that every broker will have some unhappy customers, and it's always a good idea to read multiple reviews to get a well-rounded understanding of the company.

In terms of customer support, Interactive Brokers excels. The broker has a team of friendly and knowledgeable support staff available to answer trader questions and resolve any issues. Traders can contact the support team through live chat, email, or phone, and they generally report that they receive prompt and helpful assistance.

One of the key features of Interactive Brokers is its wide range of financial products and instruments available for trading. In addition to forex, the broker offers contracts for difference (CFDs) on a variety of assets, including stocks, indices, commodities, and more. Interactive Brokers also offers a range of trading platforms, including its proprietary platform, Trader Workstation, and more.

When it comes to the pros and cons of Interactive Brokers, there are definitely more pros than cons. On the plus side, the broker has a strong reputation, a wide range of financial products and instruments, and excellent customer support. On the downside, there have been a few complaints about platform bugs or customer service, but these issues seem to be relatively rare.

Overall, it's clear that Interactive Brokers is a legit online broker that offers traders a high-quality trading experience. While there may be a few minor issues here and there, the broker has a strong reputation and a long track record of satisfied customers. If you're looking for a reliable and efficient online broker, Interactive Brokers is definitely worth considering.

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