Usability Rating
4 /10
Cost Rating
1 /10
Trust Rating
10 /10
Retirement Score
5 /10
Company Age Score
5 /5
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All comparisons:
Minafi's Take
Interactive Brokers is a long-standing platform for trading focused on advanced day trading options. While not ideal for investors focused on long-term retirement investing, IB has industry-leading tools and software for options, futures, and other financial instruments.
If you’re planning to invest long-term for retirement then IB is overkill for your needs, but if you’re aiming to learn how to day trade, they offer courses and content to help learn the ropes.
Here’s everything you want to know about Interactive Brokers.
Who Manages Your Money?
Interactive Brokers is categorized as a Self-Guided Account.
What Features Does Interactive Brokers Offer?
Interactive Brokers allows you to invest using at least 6 different account types, over at least 7 platforms.
How to Accesses
How Much Does Interactive Brokers Cost?
Assuming a 0.25% expense ratio and a 0.25% drag on earnings due to day trading.
Current Promotions
Fees & Expenses View all fees
How Do I Sign Up?
Open an AccountHere's a look at how Interactive Brokers compares with it's closest competitors.
| Rating Type | Rating |
|---|---|
| Minafi Rating | /10 |
| Usability Score | 4 /10 |
| Cost Rating | 1 /10 |
| Trust Rating | 10 /10 |
| Company Age Score | 5 /5 |
| JD Power Score | - |
| Overview Feature | Included |
|---|---|
| Founded | 1978 |
| Min Investment | $0.00 |
| Classification | |
| Accounts Offered | |
| How to Access | |
| Allows Investors from |
| Feature | Included |
|---|---|
| Automatic Investing | |
| Automatic Rebalancing | |
| Automatic Tax-Loss Harvesting | |
| Checking Account | |
| Fractional ETF Shares | |
| Free Trades | |
| Good for Beginners | |
| Good for Day Trading | |
| Good for Retirement | |
| Sign Up Bonus |
| Fee Type | Included |
|---|---|
| Management Fee | - |
| Monthly Fee | - |
| Options Fee | - |
| Trade Fee |
| Rating Type | Rating |
|---|---|
| Minafi Rating | 7 /10 |
| Usability Score | 8 /10 |
| Cost Rating | 3 /10 |
| Trust Rating | 8 /10 |
| Company Age Score | 5 /5 |
| JD Power Score | - |
| Overview Feature | Included |
|---|---|
| Founded | 2017 |
| Min Investment | $0.00 |
| Classification | |
| Accounts Offered | |
| How to Access | |
| Allows Investors from |
| Feature | Included |
|---|---|
| Automatic Investing | |
| Automatic Rebalancing | |
| Automatic Tax-Loss Harvesting | |
| Checking Account | |
| Fractional ETF Shares | |
| Free Trades | |
| Good for Beginners | |
| Good for Day Trading | |
| Good for Retirement | |
| Sign Up Bonus |
| Fee Type | Included |
|---|---|
| Management Fee | - |
| Monthly Fee | - |
| Options Fee | - |
| Trade Fee | - |
| Rating Type | Rating |
|---|---|
| Minafi Rating | 5 /10 |
| Usability Score | 9 /10 |
| Cost Rating | 0 /10 |
| Trust Rating | 2 /10 |
| Company Age Score | 5 /5 |
| JD Power Score | - |
| Overview Feature | Included |
|---|---|
| Founded | 2013 |
| Min Investment | $0.00 |
| Classification | |
| Accounts Offered | |
| How to Access | |
| Allows Investors from |
| Feature | Included |
|---|---|
| Automatic Investing | |
| Automatic Rebalancing | |
| Automatic Tax-Loss Harvesting | |
| Checking Account | |
| Fractional ETF Shares | |
| Free Trades | |
| Good for Beginners | |
| Good for Day Trading | |
| Good for Retirement | |
| Sign Up Bonus |
| Fee Type | Included |
|---|---|
| Management Fee | - |
| Monthly Fee | - |
| Options Fee | - |
| Trade Fee | - |
| Feature by | Interactive Brokers | Webull | Robinhood |
|---|---|---|---|
| Rating | Open An Account | Open An Account | Open An Account |
| Minafi Rating (out of 10) | /10 | 7 /10 | 5 /10 |
| Usability Score (out of 10) | 4 /10 | 8 /10 | 9 /10 |
| Cost Rating (out of 10) | 1 /10 | 3 /10 | 0 /10 |
| Trust Rating (out of 10) | 10 /10 | 8 /10 | 2 /10 |
| Company Age Score (out of 5) | 5 /5 | 5 /5 | 5 /5 |
| JD Power Score (out of 1,000) | - | - | - |
| Overview | |||
| Year Founded | 1978 | 2017 | 2013 |
| Min Investment | $0.00 | $0.00 | $0.00 |
| Classification | |||
| Accounts Offered | |||
| How to Access | |||
| Allows Investors from | |||
| Features | |||
| Automatic Investing | |||
| Automatic Rebalancing | |||
| Automatic Tax-Loss Harvesting | |||
| Checking Account | |||
| Fractional ETF Shares | |||
| Free Trades | |||
| Good for Beginners | |||
| Good for Day Trading | |||
| Good for Retirement | |||
| Sign Up Bonus | |||
| Fees & Expenses | |||
| Management Fee | - | - | - |
| Monthly Fee | - | - | - |
| Options Fee | - | - | - |
| Trade Fee | - | - | |
| Fee Table (100% = lowest fees) |
|
|
|
| View Full Comparison | Full Comparison | Full Comparison | |
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