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Well Regulated: This Interactive Broker review deduced that the broker tops the chart with its license with top-tier regulatory bodies across international regions. The broker has regulatory oversight from 10 financial market watchdogs making it one of the most credible brokers in the industry.
No Minimum Deposit: This unique feature sets Interactive Brokers on top trading charts; anyone can open a trading account with the broker without any compulsory deposit fee.
Offers a Range of Tradable Instruments: Like many other brokers, the broker offers its clientele a wide range of products from Interactive Brokers forex to options, mutual funds, bonds, and cryptocurrencies. Simply put, Interactive has every tradable instrument in the market.
Over 45 years of trading experience: Interactive Brokers have been active in the financial market for nearly half a century; this is proof that the broker is reliable and has a firm grasp of the intricacies of the financial market.
Unlimited Demo Account: Anyone can sign up on Interactive Brokers and practice their way to becoming expert traders. The broker offers its clientele an unlimited demo account, implying that novice and experienced traders can “up” their trading game at any time.
Accepts U.S. Clients: Interactive Brokers is one of the few brokers that offers its services in the U.S. Few brokers can comply with the regulatory and operative requirements in the U.S., and Interactive Brokers is one of the few that meet these standards.
No MetaTrader trading platform: Traders accustomed to MT4 and MT5 trading platforms will have to learn how to navigate the trading market on totally different platforms if they sign-up on Interactive Brokers.
No Credit/Debit Card Option: While the broker affords its clientele several deposit and withdrawal methods, the Credit/Debit card option is unavailable.
Limited Customer Support: With its international coverage, one would expect that Interactive Broker has a customer support network of the same measure. However, this is not the case. The broker's customer support channels are limited to nine phone lines unavailable around the clock, its website, and a live chat.
Complex Registration Process: the sign-up process on the Interactive Brokers platform is a lot more complex than most brokers. One will need more than an email address to sign up and has to fulfill specific terms and conditions to begin trading.
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1. XM Global offers 24/5 customer support
2. 1000+ trading instruments
3. Low withdrawal fees
4. Educational content
1. Limited platform options (only offering MetaTrader)
2. This XM review discovered that the broker charges Inactivity fees
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- 0% commission on deposits and withdrawal
- Fast funds withdrawal
- Copy trading option
- Affordable minimum deposit of just $10
- Wide range of trading options and tradable instruments for traders
- Limited Demo account; only available for 30 days
- No cryptocurrency tools on the R StocksTrader platform
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Regulated and licensed by multiple financial authorities
Offers a wide range of assets for trading
Provides advanced trading tools and platforms
Offers high-quality education and research resources
Has excellent customer support
Does not accept clients from some countries, including the United States
Has high minimum deposit requirements
Has limited leverage compared to some other brokers
Has higher spreads on some assets
Charges commission fees on some CFD trades
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- Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.
- Offers low average spreads and competitive pricing for all account types.
- Provides plugins for third-party research and trading tools.
- Permits scalable, inexpensive algorithmic strategy execution.
- Provides free deposit and withdrawal options.
- Limited product offerings.
- No investor protection for traders outside the European Union.
- No weekend trading, extra bonuses or promos.
- No app for proprietary trading.