INTERACTIVE BROKERS REVIEW 2021 - The Good, The Bad And The Ugly (For Investing)

The complete Review of Interactive Brokers for investors in 2021.

UPDATE! 4 months after making this video I do have an affiliate link.
I will get a small commission for you using the link to sign up - thank you if you choose to do so.

I will share everything I like about Interactive Brokers and a few things I don't like in this review.

I will also cover some of the Interactive Brokers features and explain how the account works.

Most importantly, I will explain the pricing for those who live outside the United States - this Interactive Brokers Review is for the UK, Europe, Australia, Singapore, Asia and any other country that doesn't have the free investing option.

Unfortunately the pricing model that IBKR uses is a little bit complicated, but it is also very cheap.

And I will share some examples of exactly how cheap Interactive Brokers is so that you can understand the Tiered vs Fixed pricing dilemma.

Video: Interactive Brokers For Beginners (Application Process)

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DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.

DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.

[DayzO]

LMAO I legit didnt know they have service in freaking Antarctica. Probably the researchers and penguin there like to day trade.

[brendonthomas]

Hi Sasha is it possible to do a short tutorial on options trading on interactive brokers for UK users? I think it will be a well watched video as IBKR is not the most easy to use platform and there are some fees to get live data. Saw a few attempts to cover options but it definitely needs the Sasha touch :)
Many thanks!

[INSIGHTSAU]

These videos are great for someone like me who are just starting out. Thank you!!

[andrewheath]

Excellent video chap! Paying commission turns out to be cheaper than not paying commission. I’m glad someone was finally able to show that there is no such thing as a free lunch

[marclarsson]

I submitted the documents to open the account and I am still getting error messages after five or six submissions. They say there is not enough light, that there was a server error etc. etc. I have used two computers and a phone with the same hick ups. I am beginning to wonder if IAB is simple. Is your money safe with them? I've used four other brokers for years without any of these issues!

[gautamacharekar]

As of today, I can see they are offering Stocks and shares ISA. Am I missing anything or this got added after the video was uploaded ?

[brendonthomas]

This is an excellent follow on from your IBKR on boarding tutorial. Greatly appreciated!

[SashaYanshin]

UPDATE! 4 months after making this video I do have an affiliate link.
I will get a small commission for you using the link to sign up - thank you if you choose to do so.

[shrotkatewa]

Thanks Sasha, you're always so helpful even in P24. How about the fee for buying index funds and ETFs? I noticed that this worked slightly differently from stocks.

Also, can you make some videos about investing in Vanguard index funds from outside of US and UK markets? Love your videos. Thanks!

[bilalshahid]

Crazy I was about to comment on your last IB video if you could release a review and 24 hours later its uploaded. Good shit sasha youre content is helping alot of people. I hope you keep it going!

[DarthTrader]

Really nice video. Thanks for this. Yes, as a direct access broker, I've found my marketable limit orders are executed almost always at prices better than the stated NBBO price when I put the order in. And, of course, it is virtually instantaneous. One thing I will mention though....and maybe this differs in the UK....but when I buy US stocks from Canada, I don't need to convert to US currency first, in my margin account. That is explained on the IBK website as a benefit of their service. Cash accounts do need to be converted first, before the transaction, but not margin accounts.

[josefmiski]

interactive brokers is not interactive for small retailers. stoplosses are ignored by the app. order placing and setting up brackets is slow. smart routing is just pfof. direct orders are not direct. interface turns sell shares in to shorts. bracket set ups are not working, modifying orders doesnt really works, it stays stuck on the last filled order. sure fees. but if my sl is ignored that doesnt matters, if a sell turns in to a short that doesnt matters. several ppl have blown 50% of their account due to these things. anyone without a affiliate link tells you this, all those with wont.

[rvanbeau]

I day trade 200 shares of TQQQ and 200 shares of SQQQ. At $2 per transaction I often have losing days that would have been profitable if not for the trade fees which can be over $100 per day. There are other exchanges where ETF trades are free and I am looking to move to one of those.

[lawrencesinderson]

Glad you made this. I have been using the platform recently too and taken a while to understand and use its interface. There is a lot to customise about reports etc but works for the casual and active investor

[Duncan]

Occupied Palestinian Territory - love that. #FreePalestine

[eluertmukja]

I would love to see a video on how you have set up your Trader Workstation if so and also do you pay for market data?

[chaarans]

You are really good at explaining good the fee structure works with practical examples, you earned a subscriber for this👌🏻

[bufordmaddogtannen]

As I have already stated in your previous video, no ibkr didn't "completely change" their pricing structure three months ago. Their pricing structure is pretty much still the same compared to 12+ months ago.
They have "only" removed the platform fee/inactivity fee, where you either had to pay them $10/month or you had to generate at least $10 worth of transaction fees/month.
Everything else is still the same.

[lawrencesinderson]

Would love a detailed walkthrough all the reports, but in my experience they are SO customisable that there are infinite possibilities, so if you do attempt it, best of luck. Might help if people post their most useful templates perhaps?

[marcomontecino]

At 9:37 Sasha says that for large transactions "Tiered" will always be cheaper, then goes to saying that for everyone who is not a millionaire or a hedge fund manager, that again, "tiered" is the way to go. I assume that he made a mistake and in the second case (at 10:03), for smaller transaction, he meant to say “fixed” instead of tiered...or the other way around.