Is Interactive Brokers Good For Beginners?

Page Summary

Interactive Brokers is a trustworthy online broker with an excellent proprietary platform and a professional mobile app. It offers some educational resources and reliable customer service. We recommend it for traders who want to improve their trading knowledge and experience.

Interactive BrokersSaxo BankTradeStation Global
Web platform score4.5 stars5.0 stars4.5 stars
Mobile platform score3.8 stars5.0 stars3.8 stars
Account opening score3.4 stars2.5 stars2.8 stars
Education score4.5 stars4.5 stars2.5 stars
Customer service score3.4 stars4.0 stars4.0 stars
Deposit and withdrawal score3.5 stars4.8 stars3.5

This article discusses whether Interactive Brokers is a good fit for new traders.

Interactive Brokers & Beginner-Friendly Services

Interactive Brokers is not a good fit for beginners, as its services are tailored for professional investors and traders. It offers access to a beginner-friendly web platform with safe authentication. However, the mobile app is challenging for new traders. Interactive Brokers has complex platforms designed for experienced users.

We review brokerage firms based on 105 criteria. Our results depend on many factors, including safety, tools, and ease of access.

This broker offers some educational materials, including platform tutorials and videos. It has a demo account to let you test its offering. Besides this, Interactive Brokers has a low minimum deposit and low transaction costs.


Safety is a key aspect we review. Interactive Brokers has top-tier licenses from the IIROC, FINMA, FSA, FCA, SFC, MAS, and CFTC. It provides access to secure authentication methods and platforms.

Final Verdict

Interactive Brokers is a top online broker recommended for advanced traders. It has excellent trading platforms with premium features and trading tools. Check our in-depth reviews to learn more about Interactive Brokers and its services.

Interactive Brokers compared to other brokers:
Interactive Brokers Review


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


Please enter your comment!
Please enter your name here

This site is registered on as a development site.