Interactive Brokers

If you've ever traded stocks, bonds, or options, you've probably heard of Interactive Brokers (IB). Founded in 1978, IB is one of the oldest and largest online brokers in the world. It offers a wide range of trading products and services, including stocks, bonds, options, futures, forex, and mutual funds. IB also provides access to a variety of trading platforms, including its own proprietary platform, Trader Workstation.

IB is known for its low commissions and its focus on providing professional-grade trading tools to individual investors. However, it is also known for its complex platform and its lack of customer service. As a result, IB is best suited for experienced traders who are comfortable with a DIY approach to investing.

Pros of Interactive Brokers:

Very low commissions

Wide range of trading products and services

Access to professional-grade trading tools

Strong financial strength

Cons of Interactive Brokers:

Complex platform

Lack of customer service

Account minimum of $10,000

Not suitable for beginners

If you're a beginner investor, there are better options available. However, if you're an experienced trader who is comfortable with a DIY approach to investing, Interactive Brokers is a great choice.