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Chris Cammack
Edited by
Author
Chris Cammack
Edited by
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack
Author
Author
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.

Learn more about Alison Heyerdahl

Interactive Brokers Broker Review

Interactive Brokers is ideal for sophisticated, active traders, It offers an astounding number of assets on its books and its feature-rich platforms. However, its website, complicated account structure, and unusual trading rules may leave less experienced traders reeling.
4.31
/ 5
Min deposit
USD 1
Regulated By
ASIC, CFTC, FCA, CIRO, MAS (
SFC
)
Trading Cost
USD 5.40
Leverage
50:1
Copy Trading
Yes
Platforms
Clientportal, IBKRmobile, Trader Workstation
Instruments
Bonds, Cryptocurrencies, Stock CFDs, ETFs, Forex (
Futures, Indices, Shares
)
Visit Broker
Accepts Filipino Clients. Starting spread EUR/USD 0.1 pips on trading account with lowest minimum deposit. Max leverage 50:1. Trader Workstation and IBKR trading platforms supported. Interactive Brokers is regulated by the FCA, CFTC, ASIC, MAS, and the IIROC.

Our Verdict on Interactive Brokers

Founded in 1977 and listed on the NASDAQ, Interactive Brokers is one of the best-regulated brokers in the industry. Ideal for sophisticated, active traders, Interactive Brokers is in a league of its own with the astounding number of assets on its books and its feature-rich platforms. However, its website, complicated account structure, and unusual trading rules may leave less experienced Filipino traders reeling. 

Interactive Brokers’ world-class research, trading tools, and education will leave traders of all experience levels satisfied, and consistent with its excellent reputation, Interactive Brokers’ trading costs are some of the lowest in the industry. Spreads start at 0.1 pips (EUR/USD) in exchange for a round turn commission of 4.4 USD.

However, because Filipino traders will be trading under the Interactive Brokers’ subsidiary based in Connecticut, USA, they will only be able to open a margin day trading account if they deposit more than 25,000 USD. Another complaint traders may have is that it does not offer third-party platforms like MT4 and MT5, and traders can only fund their accounts by bank transfer.

Pros

  • Well regulated
  • Low minimum deposit
  • Tight spreads
  • Wide range of assets

Cons

  • Complicated website
  • No MT4
  • MT5
  • or cTrader

Interactive Brokers Overall Summary

Trust Rating
5
Trading Conditions
5
Platforms
4
Education
5
Beginner Friendly
4
Assets Available
5
Analysis Research
5
Deposit & Withdrawal
1
Overall Rating
4.31
/ 5
Base Currencies
AUD, USD, EUR, GBP, SGD, CAD
Number of FX Pairs
115
Crypto Pairs
4
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
No
Account Name
IBKR pro
Commission
4.4 USD / lot
EUR/USD
0.10
GBP/USD
0.40
USD/JPY
0.20
Negative Balance Protection
Yes
Company Name
Interactive Brokers U.K. Limited
Founded
1977
Website Language
English
Support Language
English
Office Locations
USA, United Kingdom, China, Canada, Australia, India, Japan, Luxembourg
Support Email Address

Deposit & Withdrawal

ach
banktransfer
bpay

Supported Platforms

Clientportal
IBKRmobile
Trader Workstation

Meet the Experts Behind Our Unbiased Reviews

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts and an experienced financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Ida Hermansen

Financial Writer

Ida Hermansen
Ida is a financial writer with a passion for cryptocurrencies, blockchain networks, and Forex trading. A dedicated crypto trader, she developed a deep interest in Forex technical analysis and price action, continually expanding her expertise in market trends and trading strategies. With a background in digital marketing, SEO, and content strategy, Ida combines her analytical skills with clear, engaging writing to help traders navigate the ever-evolving financial markets. She stays up to date with the latest Forex and crypto developments, researching the best trading environments for new and experienced traders alike.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

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