Interactive Brokers Pros & Cons: My Honest Experience

🔵 INTERACTIVE BROKERS
My personal broker of choice where I hold the majority of my investments

👋 LET’S CONNECT ON INSTAGRAM

⚡️ ALL MY FAVOURITE TOOLS

🟡 JOIN SMART MONEY CLUB

💡 GET SMART MONEY MOVES - MY FREE WEEKLY NEWSLETTER
Become a smarter investor in just 5 minutes a week

✨ FREE DOWNLOADS

► FREE MONTHLY BUDGET & NET WORTH TRACKER

► FREE SUBSCRIPTION TRACKER

► FREE DIVIDEND INVESTING GUIDE

► FAVOURITE BOOKS ON MONEY & INVESTING

⭐️ BOOK A CALL WITH ME
Need financial guidance? 📈 Want to invest, but don’t know where to start? 🚀 Or just a friendly chit-chat? 😊
It's your call, literally 😉 Book a time, and let’s dive into it together. Can't wait to chat! 🙌

💰 FAVOURITE TOOLS

► SEEKING ALPHA
My favourite stock research tool - Get your special offer with my link

► GETQUIN
My favourite Dividend & Investment Tracker. Auto-sync all your brokers

► NEXO
Get $25 worth of Bitcoin

► LEDGER
Keep your Crypto safe with the industry-leading hardware wallet


✉️ EMAIL ME

⚪️ MY WEBSITE

Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment/educational purposes only and should not be construed as financial or legal advice. You, and only you, are responsible for your investment decisions. This video, post & article should not be construed as investment advice. Capital at risk.
Affiliate Disclosure: This description contains some affiliate links, meaning that I may earn a small commission if you click through and use these links, at no additional cost to you.

In this video, I dive deep into the pros and cons of using Interactive Brokers, a platform I’ve been using for many years. Whether you’re a seasoned investor or just starting out, understanding the strengths and weaknesses of your trading platform is crucial.

What You'll Learn:

Pros of Interactive Brokers:

Excellent Reputation: Founded in 1978.
US Stock Listed Company: Trusted and transparent.
Global Availability: Accessible in most countries.
No Monthly Inactivity Fee: Cost-effective for all types of investors.
Low Commissions on US Stock Trading: Save on trading costs.
Account Transfer: Easy transfers in and out.
Broadest Product and Market Range: Unmatched variety in the brokerage industry.
Extensive Research and Education Tools: Empower your investment decisions.
Multiple Platforms: Three different apps tailored for different investors.
Demo Account: Practice with paper money.
Interest on Uninvested Cash: Earn interest on balances under $10K.
Strong Protection Levels: Varies by country, ensuring security.
Active Online Community: Get answers and learn from experienced users.
Cons of Interactive Brokers:

Complicated Account Opening Process: Can be a hassle to get started.
Steeper Learning Curve: Challenging for beginners.
Overwhelming User Interface: May be confusing initially.
Commission: Still applicable in some areas.
Slow Account Funding: Better to use Wise or Revolut for faster funding.
Missing Dedicated Dividend Section: Lack of specific features and app notifications.
Why This Matters:
Choosing the right trading platform can significantly impact your investing success. With so many options out there, it's essential to make an informed decision. This video aims to provide you with a balanced view of Interactive Brokers, helping you weigh the pros and cons effectively.

[SmartMoneywithKai]

🔵 Try Interactive Brokers
My personal broker of choice where I hold the majority of my investments

[M.Duca_]

Frankly I think the added 'difficulty' when compared to other brokers in the sign up procedure gives me extra serenity for me as a user. This means I'm putting my money into a safe platform with loads of scrutiny.
Obviously once again good job on the video Kai!

[rash]

Kai about the dividends you can see that on IBKR but you have to run statements. that works for me. just run a monthly quarterly or yearly statement. you can also run a statement since inception. so it's all there!

[cargogamer]

Thanks for the vid.
But some feedback; all the cuts in the editing makes you feel quite unsettled, especially when your talking and you sound like your glitching.
Maybe you can have a pre written script of what youll say and you can try saying it in only a few takes eg 3-4 cuts.

[jeffcressotti]

I’m being forced out of my Webull account and in search of new one with full trading hours. This might be the one but still trying to take in all data. 🤔

[olafur]

I’d probably use it if it wasn’t for the tax benefits of the Swedish Isk accounts, no manual tax declaration which makes it so much more convenient.

[rino]

Hi Kai,

Can you please give me advise on buying gold in interactive brokers?
I'm in the EU, is it possibly better to use a different broker?

[pstat]

Hey Kai, thanks for the video, so for >$10000 we get 4.83% yearly rate? Is this paid daily/montly/yearly? I have Revolut Premium only for the ~4.75% with ~$18200 in a savings account. Would it be worth to move these savings to IBKR and leave leave Revolut premium provided its 100 euros per year? Cheers!

[jrcarvallo]

Hi Kai, thanks for the nice review video. Are you also using Trade Republic?

[idalinafreitas]

Video on this: flexible cash funds revolut