Search Icon
FXEMPIRE
icon
broker

Interactive Brokers Review 2023

Updated:
4.4
Trust
4.9
Fees
4.2
Platforms and Tools
4.6
Customer Support
3.6
Tradable Instruments
4.5
Account Types and Terms
3.8
Deposit and Withdrawal
3.7
Research
5.0
Education
5.0
While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please note: We used a live Standard Account, probing the Trader WorkStation platform, opened with the Interactive Brokers (U.K.) Limited entity (interactivebrokers.co.uk) for this review. Some features and services may vary depending on where you reside. This review focuses on forex and CFD trading at Interactive Brokers.

The Big Picture

Founded in 1978, Interactive Brokers (IBKR) is a trading industry pioneer and a leader in providing retail traders access to global markets, rock-bottom fees, and advanced trading technology.

Interactive Brokers Group is publicly traded (Nasdaq: IBKR), has equity capital exceeding $11 billion, and over 2.1 million registered clients. The Greenwich, Connecticut-based broker has ten global entities, each licensed and regulated by the corresponding regional financial authority.

Interactive Brokers enables traders to access global stocks, options, futures, currencies, bonds, and funds from the same screen. Clients can choose from a selection of award-winning platforms catering to both professionals and beginners.

Interactive Brokers Key Takeaways in 2023

  • We evaluated Interactive Brokers across nine categories (Trust/Stability, Fees, Tradable Instruments, Account Types, Deposit/Withdrawal, Research, Customer Support, Education, and Platform/Tools).
  • Interactive Brokers excels in the overall range of available products to trade, fees, platforms, and educational materials.
  • We found room for improvement in customer service, which could sometimes be challenging to reach.
  • Beginners can benefit from the intuitive GlobalTrader app, which provides access to an extensive range of global markets.
  • Advanced traders can use professional-grade tools via the Trader WorkStation (TWS) platform.

What Sets Interactive Brokers Apart from Other Brokers?

Interactive Brokers is one of the world’s largest and most stable brokers. It stands apart from other brokers with its massive range of tradable instruments, competitive fees, advanced trading platforms, and fast order execution.

What types of traders are a good fit for Interactive Brokers?

We judged Interactive Brokers best for advanced, semi-professional, and professional traders. However, the offering is improving for beginners, with the new user-friendly GlobalTrader app and extensive educational materials.

Interactive Brokers Pros and Cons

Pros Cons
  • Regulated in multiple jurisdictions around the world.
  • Strong range of CFDs on forex and stocks.
  • Low fees.
  • Direct Market Access (DMA) order execution.
  • Robust platforms.
  • Excellent educational materials.
  • User-friendly GlobalTrader mobile app.
  • Professional grade analysis tools.
  • Customer support can be hard to reach.
  • Beginners may find the website confusing.
  • Limited CFDs on commodities.

 

broker

Your capital is at risk

 

About the Author

Dan Blystone
Starting his career in finance on the floor of the Chicago Mercantile Exchange, Dan later gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. Dan also traded at a couple of different prop trading firms in Chicago.
Read More

How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
Interactive Brokers Main Features
☑️
Regulations
CFTC (United States), IIROC (Canada), SEC (United States)
🗺
Supported Languages
English, Spanish, German, French, Italian
💰
Products (CFD)
Currencies, Commodities, ETFs, Stocks
💵
Min Deposit
$5
💹
Max Leverage
1:78 (CFTC), 1:78 (IIROC), 1:78 (SEC)
💳
Deposit Options
Wire Transfer, ACH
See More
Check if...
unknownInteractive Brokers accepts clients from your country:
Choose your country:

Your capital is at risk

Interactive Brokers Full Review

Trust

4.9
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

See More

Interactive Brokers is one of the world’s largest and most stable brokers. The company is listed on Nasdaq (IBKR), has $11.6 billion in equity capital, and over 2.1 million clients. It is also licensed and regulated by multiple top-tier financial authorities globally.

Interactive Brokers UK on the FCA Register
Interactive Brokers UK on the FCA Register

This section will cover how the different entities of Interactive Brokers are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

The following authorities regulate the various entities of Interactive Brokers:

Why is it important to know where your broker subsidiary (entity) is regulated?

Different regulators provide different levels of protection. For example, clients of Interactive Brokers in the United Kingdom benefit from the oversight of the FCA. The FCA requires that clients have negative balance protection, which means they cannot lose more than their deposit.

In addition, when trading with a broker authorized by the FCA, client funds are also protected by the Financial Services Compensation Scheme (FSCS). The FSCS protects investments of up to £85,000 if a firm becomes insolvent. A trader working with a broker entity regulated offshore would not necessarily have these benefits.

The tables below break down the protections and benefits by entity, regulator, and region.

Entity Interactive Brokers India Pvt. Ltd. Interactive Brokers Securities Japan Inc. Interactive Brokers Hong Kong Limited Interactive Brokers Singapore Pte. Ltd. Interactive Brokers Australia Pty. Ltd.
Country/Region India Japan Hong Kong Singapore Australia
Regulator SEBI JSDA SFC MAS ASIC
Segregated Funds Yes Yes Yes Yes Yes
Negative Balance Protection No No No No No
Compensation Scheme No No No No No
CFD Trading Maximum Leverage CFD Trading not available 1:25 CFD Trading not available 1:20 1:30

Regulatory requirements are subject to change. We gathered the data listed above in March 2023.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability, financial strength, security, and transparency. Here, we focus on how long the broker has been in business, the company’s size, and their transparency.

Interactive Brokers has a very long operating history of 45 years. It is a publicly-traded company listed on the Nasdaq with a market cap of 33.49B at this time. As a publicly-traded company, Interactive Brokers must disclose financial reports, allowing for greater insight into the company’s stability.

In our research, Interactive Brokers showed high transparency in its regulatory status, fees, and general background information. Information and materials are readily available on the website. Interactive Brokers lists its regulatory status at the footer of each page. The Pricing menu in the horizontal navigation clearly outlines all costs, such as commissions and margin interest rates. Traders can find the Client Agreements in the accounts section of the website.

To conclude, we rate Interactive Brokers as highly trustworthy and stable due to the following factors:

  • Being regulated by multiple top-tier agencies.
  • Having a lengthy operating history.
  • Being a publicly traded company valued at over 30 billion dollars.
  • Having a high level of transparency.

Fees

4.2
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

See More

Interactive Brokers is highly competitive in the area of fees. It is recognized as having the lowest costs in the industry, sometimes by a wide margin. Our hands-on tests of forex and CFDs instruments showed this to be true.

Trading Fees

We tested the spreads at Interactive Brokers across different CFDs using the Trader WorkStation platform. The tests were done at 8:00 a.m. GMT and at 4:00 p.m. GMT on 24 March 2023. We made our tests at two different times to allow greater perspective. 8:00 a.m. GMT is the London open when there is a great deal of liquidity in the forex market and tighter spreads in currency pairs. 4:00 p.m. GMT is during the New York trading session.

CFD Spreads and Commissions

Instrument and Order Size Spread/Commission AM Spread/Commission PM Instrument and Order Size Spread/Commission AM Spread/Commission PM
EUR/USD (1 Lot) 0.2 Pips + 1.75 GBP 0.3 Pips + 1.75 GBP EUR/USD (1 Lot) 0.2 Pips + 1.75 GBP 0.3 Pips + 1.75 GBP
GBP/JPY (1 Lot) 1.2 Pips + 1.98 GBP 1 Pip + 1.98 GBP GBP/JPY (1 Lot) 1.2 Pips + 1.98 GBP 1 Pip + 1.98 GBP
XAU/USD (10 Lots) 10 Pips + 2.99 USD 16 Pips + 2.98 USD XAU/USD (10 Lots) 10 Pips + 2.99 USD 16 Pips + 2.98 USD
Apple (100 shares) n/a 1 cent + $1 Apple (100 shares) n/a 1 cent + $1
Tesla (100 shares) n/a 11 cents + $1 Tesla (100 shares) n/a 11 cents + $1
Dow 30 Index (1 Lot) 1 Pip + 1.59 USD 2 Pips + 1.59 USD Dow 30 Index (1 Lot) 1 Pip + 1.59 USD 2 Pips + 1.59 USD

Swap Fees

Swap fees (the cost of holding a position overnight) were average at Interactive Brokers.

In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). We recorded the data on 24 March 2023.

Instrument Swap Long Swap Short
EUR/USD Charge of $6.22 Credit of $5.82
GBP/JPY Credit of $9.31 Charge of $11.51

Non-Trading Fees

For individual accounts there is a $0 minimum balance and no inactivity fees.

Are Fees at Interactive Brokers Competitive?

In their own words, ‘IBKR is committed to minimizing costs to maximize returns.’ We found this to be true in our research. The spreads, commissions, and margin interest rates are among the most competitive.

Platforms and Tools

4.6
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

See More

Interactive Brokers offers a range of award-winning platforms, from the web-based client portal to the advanced Trader WorkStation (TWS) platform and two proprietary mobile apps. We found the platforms powerful enough for professionals but also accessible to casual traders.

Client Portal

Interactive Brokers Client Portal
Interactive Brokers Client Portal

The web-based client portal allows traders to check quotes, place trades, and see their account balance and reports. Traders can stay on top of key account metrics such as net liquidation value, profit and loss (P&L), and buying power in real-time.

The Client Portal home page shows traders their rate of return, portfolio positions, recent transactions, notifications and messages, and available cash. Traders can also easily place orders, manage open orders, and view recent trades from any page in the Client Portal using the slide-out trade ticket. The client portal is user-friendly and intuitive, making it a good starting point for beginners and casual traders.

Trader Workstation (TWS)

Trader Workstation (TWS) Desktop Platform
Trader Workstation (TWS) Desktop Platform

Trader Workstation (TWS) provides access to trading in stocks, options, futures, currencies, bonds, and funds on over 150 markets worldwide from a single unified platform. The default mosaic view inside TWS comprises a series of individual panels operating within a highly configurable interface.

Order Entry on the TWS Platform
Order Entry on the TWS Platform

In the upper left of the screen, you can see the order entry window, which includes the price quote for a specified financial instrument. This window lets you quickly enter a buy or sell order that you can submit to an exchange. Available order types include market, limit, stop loss, bracket, One Cancels Other (OCO), and pair hedging orders.

At the bottom left of the screen is an activity panel where you can review open orders, completed trades, and a summary of your activity. The news panel is in the lower right corner. Above it is the monitor panel where you can view your portfolio and open multiple watchlists.

FX Trading Layout
FX Trading Layout

The TWS platform has many preconfigured layouts based on different markets and styles of trading. The FX Trading layout allows traders to create spot and futures orders with a single click and is set up with popular fx pairs and futures. Within the same screen, traders can stay on top of economic events and forex news with event calendars and streaming news feeds. Traders can also create and save unique layouts suiting their preferences.

Trader WorkStation Charts
Trader WorkStation Charts

The TWS platform includes robust charting, over 90 technical indicators, candle sizes varying from 5 seconds to monthly, multiple drawing tools, and trading from the chart.

Scanners in the TWS Platform (US Movers)
Scanners in the TWS Platform (US Movers)

TWS Market Scanners search specified markets and return contracts based on the defined criteria. Traders can use custom scans they have set up themselves or work with predefined scans from a library, such as US Movers or Dividend Yield.

IBKR Mobile

IBKR Mobile
IBKR Mobile

The IBKR mobile app provides access to trading in CFDs, forex, stocks, options, futures, currencies, and bonds. Charting is robust, with over 90 technical indicators. Traders can use a broad range of order types, including market, stop, stop limit, market if touched, limit if touched, trail, and trail limit. The app also features watchlists, scanners, a news feed with stories from Reuters and Dow Jones, and an economic calendar.

IBKR GlobalTrader

IBKR GlobalTrader
IBKR GlobalTrader

The GlobalTrader app is a user-friendly app that is more intuitive and slightly stripped down in comparison to the IBKR mobile app. Traders can access over 90 stock markets worldwide. Beginners can trade in fractions of shares, investing as little as $1. Forex and CFD trading is also available via GlobalTrader. The app has popular features such as watchlists, scanners, and a newsfeed, allowing traders to stay on top of the markets from the palm of their hand.

Order Execution

Interactive Brokers operates the Direct Market Access (DMA) execution model. In this model, the provider hedges the CFD order immediately in the underlying physical market, and the CFD is executed at the price of the hedge.

Tradable Instruments

4.5
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

See More

Interactive Brokers offers an excellent range of products to trade, including stocks, options, futures, currencies, bonds, and funds. Traders can access a robust selection of CFDs on forex and shares, but there is room for improvement in the variety of CFDs on commodities.

CFDs (Contracts for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. Tradable CFD instruments at Interactive Brokers include the following assets:

  • 85 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars.
  • 2 Commodity CFDs. Commodities are raw products, such as gold and oil.
  • 1,000+ Global Stock CFDs. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs, you are speculating on the price of a stock without actually taking ownership of the underlying company.
  • 13 Index CFDs. An index is a basket of trading instruments used to gauge a market sector, stocks within an exchange, or a country’s economy.

In the tables below, you can see a selection highlighting the variety of CFD instruments available at Interactive Brokers:

Forex Majors Forex Minors
EUR/USD | USD/JPY | GBP/USD AUD/CAD | EUR/GBP | GBP/JPY
Forex Exotic Metals
USD/RUB | USD/HUF | USD/MXN London Gold | London Silver
Indices Stocks
Japan 225 | Germany 40 | US Tech 100 Visa | Air France | HSBC

Customer Support

3.6
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

See More

Customer service is available via chat, phone, and contact form from Sunday afternoon through Friday evening, New York time. Customer support is not available on Saturday. In our tests, we found the quality of customer support to be mixed.

IBKR Chat Support
IBKR Chat Support

Interactive Brokers provides 24-hour customer service each business day via regional Client Services Centers across America, Europe, and Asia.

For phone and chat, users must navigate numerous questions before reaching an operator, which can take time and effort. We tested support with many questions, from easy to hard. For example, whether one-click trading is available in the TWS platform and how to calculate overnight swap fees. In some instances, we received support from highly knowledgeable industry professionals, but the experience sometimes felt more like a call center.

Deposits & Withdrawals

3.7
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

See More

Interactive Brokers does not charge for deposits and withdrawals. Requests are processed relatively fast. However, some popular funding methods, such as credit cards, are unavailable.

In the tables below we break down the fees and processing times for each deposit and withdrawal method.

Deposits

Deposit Method Fees Processing Time
Wire Transfer $0 1 Business Day
Bank Transfer (ACH) $0 1 Business Day
Check $0 1 Business Day

Withdrawals

Withdrawal Method Fees Processing Time
Wire Transfer $0 1 Business Day
Bank Transfer (ACH) $0 1 Business Day
Withdrawal Method Fees Processing Time

Account Types and Terms

3.8
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

See More

The application process at Interactive Brokers is straightforward, and can traders can complete the process within 15 minutes. Many account types are available, catering to different profiles.

IBKR Account Application
IBKR Account Application

There is no minimum required deposit to open a cash account at Interactive Brokers. A range of account types can cater to individual traders and other trading industry professionals.

Account Types
Individual, Joint and Trust Accounts | Family Advisor | Stocks and Shares Individual Savings Account (ISA) | Self-Invested Personal Pension (SIPP) Accounts | Family Office Accounts | Small Business Accounts | Advisor Accounts | Money Manager Accounts | Broker & FCM Accounts | Proprietary Trading Group Accounts | Compliance Officers | Administrators

A wide variety of base currencies (the currency in which your account is denominated) are available at Interactive Brokers.

Available Base Currencies
AUD | GBP | CAD | CZK | DKK | EUR | HKD | HUF | ILS | JPY | MXN | NZD | NOK | PLN | SGD | SEK | CHF | USD | CNH

Account Application

To open an individual account at Interactive Brokers UK, prospective clients must answer the following questions.

  • Name.
  • Address.
  • Citizenship.
  • Country of birth.
  • Phone.
  • Date of Birth.
  • Marital status.
  • Number of dependents.
  • Tax residency.
  • Social security number.
  • Proof of identification (passport, driver’s license, national identity card, alien identification card).
  • Employment status.
  • Source of wealth.

Demo Accounts

Interactive Brokers offers a free simulated account with a balance of $1M, which traders can use across all platforms: Web Portal, Trader WorkStation, IBKR Mobile, and the GlobalTrader app. Once users have gotten up to speed on a demo account, they can easily switch to a live version.

Islamic Accounts

Interactive Brokers does not offer a swap-free Islamic account.

Leverage

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. CFD traders at Interactive Brokers UK can use leverage of up to 1:30. This means that with an account balance of $1,000, a trader can take on positions of up to $30,000 in the market.

Leverage is often described as a ‘double-edged sword’ because it can amplify your profits and losses. Leveraged trading comes with a high level of risk and can often result in significant losses.

Supported Countries

Interactive Brokers is available in most countries worldwide, except for FATF Financial Action Task Force (FATF) blacklist countries such as North Korea, Iran, and Myanmar. FATF is an intergovernmental organization seeking to combat money laundering and terrorism financing.

Your capital is at risk

Research

5.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

See More

Interactive Brokers offers outstanding market commentary and coverage of financial news via Traders’ Insights, available on the website and trading platforms. A steady feed of fresh content is provided by the analyst team at IBKR, along with third-party contributors such as Nasdaq, Investopedia, and Redwall Analytics.

IBKR Traders’ Insight
IBKR Traders’ Insight

Content in the Traders’ Insight section is in both written and video format. Topics are broken down by various markets (stocks, commodities, forex, crypto) and the style of analysis (macro, technical analysis). The material is in-depth, well-crafted, and primarily geared toward experienced traders.

Traders can learn about the general market outlook for the day, get up to speed with upcoming economic releases, and browse technical trade ideas from various contributors. We judged the research materials to be better than average for the brokerage industry.

Education

5.0
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

See More

The Interactive Brokers Traders’ Academy provides over 65 finance courses broken down into beginner, intermediate and advanced levels. The high-quality materials go into substantial depth and include interactive quizzes to aid the learning process.

IBKR Traders’ Academy
IBKR Traders’ Academy

Lessons are in video format and cover a broad range of topics, such as the basics of various markets, technical and fundamental analysis, and platform tutorials. Each subject is broken down into a series of easily digestible video lessons of less than ten minutes. The courses include contributions from the Chicago Mercantile Exchange and the Options Industry Council (OIC).

Several live webinars each month complement the educational courses. Traders can watch, listen and ask questions in live events on trading, world finance, and market trends. Interactive Brokers also offers weekly educational podcasts covering various trading industry-related themes and expert interviews.

Overall we rated educational materials as better than average for the industry and containing valuable content for beginners and advanced traders.

The Bottom Line

With outstanding fees, robust trading platforms, and a massive range of tradable instruments, Interactive Brokers has established itself as one of the best brokers for advanced and professional traders. Our tests found it to live up to its reputation, with an impressive all-around offering. There is room for improvement in customer service, especially with the time it takes to reach a live agent. While the overall number of assets to trade is very high, the range of CFD instruments is lower than leading CFD brokers in some areas, such as commodities.

The TWS platform presents a steeper-than-average learning curve, but with its professional-grade features, that is to be expected. Importantly, forex and CFD traders at Interactive Brokers do not have to worry about widening spreads in volatile markets and the possibility of re-quotes, as they benefit from direct market access (DMA) and superior order execution. In terms of commissions and spreads for a forex pair such as EUR/USD, Interactive Brokers stands among the most competitive brokers we have reviewed.

FAQ

Where is Interactive Brokers based?
The company is headquartered in Greenwich, Connecticut.

Is Interactive Brokers safe?
We concluded that Interactive Brokers is a safe and trustworthy broker because multiple top-tier agencies regulate it. The company also has a very long operating history and is publicly traded.

How does Interactive Brokers make money?
Interactive Brokers makes money from commissions, margin interest, spreads, and payment for order flow.

How do I deposit funds in an Interactive Brokers account?
Funds can be deposited by wire transfer, bank transfer (ACH), and check.

What is the minimum deposit for Interactive Brokers?
The minimum deposit is $0.

How do I withdraw money from Interactive Brokers?
You can withdraw money via bank wire.

How long does it take to withdraw money from an account at Interactive Brokers?
Withdrawals are processed within 1 business day.

How much is the maximum leverage at Interactive Brokers?
The maximum leverage for CFD trading at the UK entity is 1:30.

How can I open an account with Interactive Brokers?
You can open an account by visiting interactivebrokers.co.uk.

What platforms does Interactive Brokers offer?
Clients of Interactive Brokers can use the web based client portal, Trader Workstation (TWS), the IBKR GlobalTrader app, and the IBKR mobile app.
What are the withdrawal fees at Interactive Brokers? Withdrawals are free at Interactive Brokers.

Is Interactive Brokers good for beginners?
Interactive Brokers has good educational materials, a demo account, and a user-friendly app which are all useful for beginners.

Does Interactive Brokers offer a demo account?
Yes, Interactive Brokers offers a $1M paper trading account which allows one to use the full range of IB trading platforms in a simulated environment using real market conditions.

Can I use Interactive Brokers In the UK?
Yes, Interactive Brokers is available to traders in the United Kingdom.

Can I use Interactive Brokers In Europe?
Yes, Interactive Brokers is available to traders in Europe.

Does Interactive Brokers charge a monthly fee?
There are no custodian, trading platform, or monthly activity fees for clients except for Individual Savings Accounts.

Does Interactive Brokers pay interest on cash?
Yes, Interactive Brokers pays competitive interest rates on uninvested cash.

How long has Interactive Brokers been around?
Interactive Brokers and its predecessor companies have been in business since 1978.

Can I connect Interactive Brokers to TradingView?
Yes, it is possible to log in to an Interactive Brokers account via TradingView and place live trades.

 

broker

Your capital is at risk

See Interactive Brokers Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
United States
Foundation Year
1977
Regulations
CFTC (United States), IIROC (Canada), SEC (United States)
Publicly Traded
No
Number Of Employees
0-50
Supported Languages
English, Spanish, German, French, Italian
Min Deposit
$5
Max Leverage
1:78 (CFTC), 1:78 (IIROC), 1:78 (SEC)
Deposit Options
Wire Transfer, ACH
Withdrawal Options
Wire Transfer, ACH
Products (CFD)
Currencies, Commodities, ETFs, Stocks
Demo Account
Yes
Islamic Account
No
Segregated Account
No
Managed Account
No

Trade With A Regulated Broker