Best Online Brokers And Trading Platforms Of November 2024

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Interactive Brokers is a long-time favorite among active traders and investing professionals thanks to its rock-bottom commissions and fees, staggering range of tradable products and powerful platform and tools.

Access to global markets is another major strength at this broker. You can trade in 150 markets in 200 countries.

Interactive Brokers offers $0 commission trades on U.S. listed stocks and ETFs to U.S. traders, like almost all rivals. Interactive Brokers’ charges are competitive across the board, and one area where it continues to stand out is in margin interest rates, where the firm undercuts key rivals by more than a few percentage points each.

Further, Active traders and pros are bound to enjoy Interactive Brokers’ Trader Workstation (TWS) desktop platform, which offers Level II market data, advanced charting, technical analysis tools, scanners, alerts and Bloomberg TV streaming. Popular features among professional day traders, such as “hot keys,” are also available.

Interactive Brokers’ Trader Workstation (TWS) desktop platform offers Level II market data, advanced charting, technical analysis tools, scanners, alerts and Bloomberg TV streaming. Popular features among professional day traders, such as “hot keys,” are also available.

In its Refer a Friend program, Interactive Brokers will pay you $200 for each person you refer to the broker who opens an individual or joint account. The newcomer must keep a balance of at least $10,000 for one year. Also, your new-client friend will receive $1 in IBKR stock for every $100 of value they add to their account. The reward can go as high as $1,000 in IBKR stock. The average balance must be maintained for at least one year.