Interactive Brokers has a lot to offer to its investors, including highly competitive commission rates, support for every investment, more than fifty different order types, staggering low margin rates, and an adaptive trading platform which can be easily used by both beginners and experts.
Interactive Brokers Fees and Commissions
Interactive Brokers is widely known for two key elements: highly competitive commission rates and international investing. All active traders and investors want competitive commissions, which is why it is its number one priority to keep commissions as low as possible.
Beginning with the margin rates, Interactive Brokers fees is the lowest in the industry. Its rates vary from 1.6% down to 1.15% for clients who have more than one million dollars with the brokerage. Stock trades run at 0.005 dollars on one share following the flat-rate structure.
Interactive Brokers offer 24-hour customer service on weekdays through its regional client service centers that are located throughout Asia, America, and Europe. While an agent will always be available to assist you, it is more feasible to go through the instructions on the website to get your query solved.
The primary trading platform that the company uses is the Trader Workstation (TWS). It is designed to help traders trade everything under the sun, including the global assets, by the experienced professionals who have been in the market for many years. However, most clients find TWS a bit difficult to use, which is why Interactive Brokers introduced Mosaic, a more user-friendly platform. Both these platforms can be run at a time. It may seem pretty confusing in the beginning, but once you get used to it, it becomes a piece of cake!