anyone having “Interactive Brokers” login problem ..

You can use an individual account to invest in a taxable account, margin account, or registered accounts such as RRSPs, spousal RRSPs, or TFSAs. While the platform obviously caters to higher volume, higher account value traders, there are nevertheless some very real benefits to IBKR over other platforms for even the most beginner traders. The ability to access a wide range of stocks in both North America and abroad combined with low commissions are the main reasons users may gravitate to a platform like IBKR.

• Interactive Brokers’ Cash Management is a simple way for investors to earn at superior rates and oversee their finances without multiple accounts and services.
• Interactive Brokers also grades well on its commission for equities trades, which is $0.01 per share with a $1.00 minimum.
• If you are Canadian and looking for some of the attractive options available on IBKR Lite, we recommend Qtrade, which has been rated the best broker in Canada in part due to its stellar customer service.
• In my opinion, Interactive Brokers Canada offers ‘active’ traders a good deal.

Better deals may be available elsewhere if you are a beginner investor or have a moderate trading account. With the exception of young investors and those with significant assets, Interactive Brokers requires account holders to spend at least $10 in commissions each month. If you do not meet this threshold in any month, you will pay an additional fee to comply with this policy. Realistically, the web and mobile applications are really catered towards professional traders, and as a result, are not as easy to use and navigate as other platforms. Questrade typically costs 3 times more expensive than IBKR in commissions.

How do Interactive Brokers differ from the competition?

The thing is that the vast majority of Canadian investors will never need to exchange currencies, and even those that do will only need US Dollars in addition to Canadian Dollars. Interactive Brokers Canada offers most account types, but the glaring omission of RESPs and RRIF options really hurts them in cross Canadian comparisons. The tiered pricing model is really for professional traders making hundreds of trades or making really large trades.

IB does not accept short sale orders for US stocks that are not eligible for DTC continuous net settlement (CNS) and all short sale orders are subject to approval by IB. Real-time trade confirmations, margin details, transaction cost analysis, sophisticated https://forex-review.net/interactive-brokers/ portfolio analysis and more. Spot market opportunities, analyze results, manage your account and make better decisions with our free trading tools. Award winning platforms for every investor from beginner to advanced on mobile, web and desktop.

How we rated Interactive Broker’s features

In order to illustrate this advantage, we publish monthly brokerage metrics
including our customers’ average net trade cost for Reg.-NMS stocks. In 2015,
customers’ total all-in cost of executing and clearing U.S. Reg.-NMS stocks
through IB, including brokerage commissions, regulatory and exchange fees and
market impact, was 0.8 basis points of trade money, as measured against a daily
volume-weighted average price (“VWAP”) benchmark. Like most online brokerage platforms, the web-based version of IBKR offers users a main client portal page. They have recently made some upgrades to their Client Portal homepage, which offers key account metrics at a glance, portfolio performance, tools and services, and access to quick trade functions. Experienced investors looking to take their portfolio to the next level could benefit from Interactive Broker’s more comprehensive offerings.

• This all-in-one fundamental analysis dashboard allows you to quickly view the most important information about a company and its competitors.
• Finally, while many brokers offer free research reports from the firm Morningstar, Interactive Brokers clients must pay, according to some sources, $ 15 per month for this service.
• As all traders in Canada will be using the regular version of IBKR, they will be using their platform called Trader Work Station (TWS).
• When not working, Stacie can usually be found watching K-dramas or playing games with her friends and family.

Charlie – simply Google US domiciled investments in the event of death. No official case precedent that I’ve been made aware of – and trust me, I’ve asked. Tired of letting Robinhood and Wealthsimple have all the fun, in September of 2021, Interactive Brokers began allowing their clients to trade cryptocurrencies.

Interactive brokers is generating value to customers and shareholders…

Low Costs—We provide our customers with among the industry’s lowest overall
transaction costs in two ways. First, we offer among the lowest execution, commission
and financing costs in the industry. Second, our customers benefit from our
advanced routing of orders designed to achieve the best available trade price.

These applications offer continuous data, charting tools, and the ability to carry out the most complex trades; various types of new orders are offered, on a mobile device. And even from the latter, you have access to more than 120 global markets to trade the stocks of your choice. Several local platforms only offer access to the North American market. Now, there are some features that are worth bringing to your attention.

Does Interactive Brokers Canada allow purchase of fractional shares?

It offers free ETF purchases and low fees when you buy and sell stocks ($4.95 to $9.95 per trade). The high-end tools and services demanded by these large and sophisticated clients are also extended to retail investors, giving users the opportunity to utilize professional-quality tools in their personal investing. Powerful charting, insightful portfolio analytics and IB’s dedicated desktop platform, Trader Workstation, make it a better choice for experienced investors looking to take their portfolio to the next level. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation.

We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.

Leveraging the feedback regarding the complexity of the full IBKR platform, as well as the market trend of brokerages offering zero commission fees, the company created a “Lite” version that does not contain all the bells and whistles. On currencies, IBKR offers some of the lowest fees on exchange rates, and also gives you access to a wide range of currencies. From stocks to options to currencies to bonds, Interactive Brokers offers a low-cost way to trade just about any type of security under the sun. Similarly, the vast majority of Canadian investors will never need to use currency conversion through their brokerage account.

Overall IBKR is one of the most versatile online brokerages available at the moment. Many stocks that are available on other platforms are not tradable on Wealthsimple. In addition, trading of Canadian stocks and ETFs were also commission free. I personally did not have this issue, but it is important to flag that additional steps may be necessary with any brokerage, resulting in a delay in the account opening process. Many comments online have mentioned the online and mobile platforms as one of the biggest negatives about IBKR.

Which Investment Platform is Right for Me? Wealthsimple or Interactive Brokers?

These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability. IB Risk NavigatorSM—We offer free to all customers our real-time market
risk management platform that unifies exposure across multiple asset classes
around the globe. The system is capable of identifying overexposure to risk
by starting at the portfolio level and drilling down into successively greater
detail within multiple report views. Report data is updated every ten seconds
or upon changes to portfolio composition. The system
also offers the customer the ability to modify positions through “what-if”
scenarios that show hypothetical changes to the risk summary.