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Interactive Brokers accounts and how they score

Account range and entry terms feed the rating. Here are Interactive Brokers's accounts and the facts the score is built on.

Facts last checked . Read the full Interactive Brokers review.

Accounts

Minimum deposit
$0
Account types
Individual, Joint, Trust, IRA, Family, Advisor, Broker, Proprietary Trading Group, Institutional
Account currencies
20+ supported currencies
Islamic account
No
Demo account
Yes, Paper Trading
Professional account
Yes
Minimum trade size
No conventional 0.01-lot restriction; currency orders can use units
Time to open
Typically 1-3 business days subject to verification

What this means

Interactive Brokers runs 9 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: 20+ supported currencies. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is No conventional 0.01-lot restriction; currency orders can use units. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about Interactive Brokers accounts

What account types does Interactive Brokers offer?

Interactive Brokers offers 9 account types: Individual, Joint, Trust, IRA, Family, Advisor, Broker, Proprietary Trading Group, Institutional.

What is the minimum deposit at Interactive Brokers?

The minimum deposit at Interactive Brokers is $0. It can differ by account type and by the entity you register with.

Does Interactive Brokers offer an Islamic account?

No. Interactive Brokers does not offer a swap-free account on our record.

Accounts at brokers under the same regulator

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