While several of the other Canadian discount brokerage firms are affiliated with or are a part of a major bank, Interactive Brokers is not bank-owned and is more geared towards active traders than “investors” per se. Anyone use interactive brokers here? Interactive Brokers does not have a minimum account balance required before you can start trading with the platform. Can't withdraw the funds myself either. Cannot access my funds. My suggestion is find another broker. Not sure how the regulator in Ireland gve them a licence. When IB transitioned accounts from its UK to its Irish entity due to Brexit, it hasn't communicated that its corporate accounts will have to have LEI number and that the account will be completely locked out until such a number is obtained. As of April 15, 2020, Interactive Brokers has over 20 complaints on its BBB page, all of which it has responded to. Sort by. It has no minimum account balance requirement like Interactive Brokers. Be prepared to wait 1-2 hours on the phone and then be spoke to by a rude customer service agent. It takes over 40 minutes to get in touch with customer service, and once you have, they make you hold the line and try to avoid responsibility. Once again, in 2021, Interactive Brokers is our top pick for professionals because of its institutional-grade desktop trading platform and rock bottom margin rates. Interactive Brokers also offers Ask iBot for addressing more straightforward concerns or queries that might not require a person’s help. Customer service is non existent. Interactive Brokers is considered low-risk, with an overall Trust Score of 94 out of 99. After over a week, nothing had happened, so I sent support a message. Questrade is one of the most popular discount broker products in Canada. For its fixed rate, the charges are $0.01 per share with a minimum of $1 per order or 0.5% of trade value. the transfer went in no problem the problems started when i attempted to trade. A winner of several awards in the industry over the years, is regulated by several authorities and is a member of the NYSE Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), and regulated by the US Securities and Exchange Commission (SEC). i just filed a complaint with finra. 65% Upvoted. and probably will file a complaint to morrow with my state consumer fraud unit. Goodbye and good riddance as soon as I can transfer my money back out. Interactive Brokers group includes several related companies. Interactive Brokers is a large financial trading company that has more than 39 years of experience in the brokerage industry; thereby making it one of the most experienced and established commercial brokers … I found mostly positive reviews, while some users were disappointed. Interactive Brokers Review Summary It seems that a paradox has been discovered: Interactive Brokers is designed for professional-level traders, but IBKR Lite is designed for basic trading. Interactive Brokers is publicly traded, does not operate a bank, and is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Do not recommend. Interactive Brokers is known for its $10 per-month maintenance fee, which it does assess on the IBKR Pro schedule. Advertising Disclosure This article/post contains references to products or services from one or more of our advertisers or partners. I hope my review of the online broker will help you find out whether it’s worth your while. Interactive Brokers AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC). Many customers have complained about the horrible customer support from the platform. Terrible customer service and no ability to talk with someone on the phone. Interactive Brokers Canada review by top forex trading experts, all you need to know about InteractiveBrokers Canada INC or IB Canada INC like how to open Interactive Brokers Canada demo account or how to do Interactive Brokers Canada login, Finding out is Interactive Brokers Canada app for Android or iPhone is free for download. Online discount brokers with a long-standing reputation like Interactive Brokers might be worth considering. Related Topics. Horrible customer experience. For casual investors, I would recommend using a more straightforward platform. Kat Peach January 6, 2021. Removing reviews.. well done IB. Summary: Looking for a cheap way to invest in global markets? NO GO! I've had the exact same experience as the previous two reviewers. There is no such a thing as email for customer support. Interactive Brokers Review 2021 Great Discount Broker for Experienced Traders. Interactive Brokers Canada is the Canadian expansion of the US brokerage Interactive Brokers founded in 1978. I can’t access it and can’t update any information. They have the worst customer service in the whole world . I do not recommend them to any one for the following reasons - website is crap-non existent customer service for Europe -bugs every where in the appI have file in complaint form my country already with organisation called test achat and next week I am filling in a complain with regulators in Ireland as well. If you are a casual investor, the IBKR Lite is a simpler version. You can check out a more comprehensive review of Questrade here. Close. Simple as that.My account is blocked for about two weeks after migration from IBUK to IBCE. After a week, they hadn't replied. Forever. Eventually, I found out that they had already declined the transfer because it had gone "stale" while they took their sweet time to consider it. By email? share. While using the TWS is no easy task, investors, and traders who can commit to learning how the platform works can have a wealth of research tools available to them. They block my account because I don't update my MiFir 2 form but this is impossible to do because they provide buged www site with this form (after click of continue button nothing happen only site is refreshing). The positive thing about it is that I have access to Client Portal. Having signed up and deposited cash weeks ago, I still can't buy anything.I researched stocks for days until I was ready to pull the trigger. If you want to know more about Interactive Brokers fees, check out the fee chapter of our Interactive Brokers review. , and Interactive got my pick for the best one for advanced traders. In case you get a rebate from the currency exchange, Interactive Brokers pass some or all of the savings back to you. Outrageous experience!UPDATE: Thank you for paying attention to my complaint and for the swift response. Website is made of buggs - can't do anything - trying to it says unknown error. This is great because the broker won't deduct anything from your deposits and you only have to calculate with the costs charged by the bank / third-party you send the money with. Wealthsimple Trade is the trading platform offered by Wealthsimple, the most popular robo-advisor product in Canada. Interactive Brokers Review – An S&P Rated Investment Grade Forex Broker. Waiting (in Europe) in line to get someone on the phone for like 10+ hours. If you cannot figure out how to use the platform, you might find it useless to help you. The worst broker - DON'T JOIN THEM The worst broker experience I have ever encountered. Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You have to stick with the IBKR Pro. I am also hoping that Interactive Brokers look into these reviews … If my issue is not resolved, I will escalate it further and report them to the regulators and may even consider a law suit. Online discount brokers with a long-standing reputation like Interactive Brokers might be worth considering. Additionally, the range of products is very good in my opinion. Traders who want to perform specific research will enjoy the dozens of third-party providers that Interactive Brokers Canada works with, including Morningstar. BEWARE THIS COMPANY - DONT MAKE THE MISTAKE I DID, I have a deep and personal hatred for this company. 19 4 minute read. However, Questrade offers more intuitive trading solutions for investors. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. I WILL NEVER JOIN THIS SCAM COMPANY THAT ASK YOU DEPOSIT MONEY BEFORE APPROVE YOUR APPLICATION! Archived. I see that my situation is not unique. You have loose a customer . If you’re looking to invest as cheaply as possible, do-it-yourself (DIY) trading platforms are the way to go. The issue started when IB interrupted my trading and asked me to update some information in Client Portal with regards to MIFIR regulation. New comments cannot be posted and votes cannot be cast. Chat not working , email not working , website full of bugs nothing responding. I spoke to my current broker and they said the same. Wouldn't suggest this broker to my worst enemy. It was a multibagger. I am giving IB another couple of days. In the hands of a professional trader, Interactive Brokers Canada might have an edge due to its sophisticated research tools. My overall rating is now being raised from 1 to 3 stars because despite the fact that Client Portal's technology needs to be improved, and customer support needs to be more accessible, the actual trading platform is mostly robust. Interactive Brokers Canada is a particularly useful platform when it comes to the more professional traders. report. Your email address will not be published. kept saying no trading permission. Interactive Brokers reviews and complaints. Brokers Home. The platform is more suitable for the needs of professional traders who are well-versed in its policies. I then used their live chat feature and the person said they hadn't even got in contact with my current broker. It is not possible to deposit funds from Norway, and to get that simple piece of information I had to contact them several times, and hold the line for hours alltogether.If you want a broker who is on your team and is not your enemy, stay away from IBKR as an european citizen. 13 comments. In this section of my Interactive Brokers Canada review, I will give you real-life examples of user experience with the platform. 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