7 Reasons to Choose Interactive Brokers

Why-Interactive-Brokers-UAE

Choosing the right broker is crucial for your trading success. If you’re in the UAE and looking to compare brokers and find the best option, Interactive Brokers stands out as a top choice.

Investors often face challenges in selecting a broker that offers comprehensive services, competitive pricing, and reliable support, which makes this decision particularly important.

We conducted an in-depth analysis to solve this problem and found that Interactive Brokers meets and exceeds expectations in several key areas. Our approach included evaluating their fee structures, trading platforms, customer service, and unique features tailored for UAE traders. This thorough evaluation ensures that you can make an informed decision.

1. IBKR News

The Future of Desktop Trading Today

IBKR Desktop is a completely redesigned trading platform that integrates the best of existing features with new, innovative tools. Yeah, we can really say we are witnessing the future of desktop trading today with IBKR desktop.  

IBKR desktop offers a clear, user-friendly interface that makes navigation straightforward. In my experience, IBKR Desktop is the fastest one I have seen and has become the top choice for traders. 

Favorite of traders is their flagship Trader Workstation with various customizable, advanced tools, setting a new benchmark in trading technology. Whether you’re a beginner, an experienced trader, or an intermediate like me, IBKR Desktop provides a powerful and efficient platform with a comprehensive list of current features and a clear vision for future updates.

2.     IBKR Technology

IBKR - Chart

Trade Stocks and ETFs Globally from a Single Account

The best thing is that you don’t need different accounts to trade different assets with IBKR; you can invest in 150 markets in 34 countries and use 27 currencies. With its diverse options, it offers the lowest commissions and access to stocks, options, futures, currencies, bonds, and funds from a single integrated account.

You can access the market data 24 hours a day, six days a week, and you can fund your account in whatever currency you want. You can also trade assets denominated in multiple currencies.  

IBKR GlobalTrader – Simplicity. Worldwide. Stock Trading.

  • Trade global stocks easily from your smartphone or tablet.
  • Discover undervalued stocks around the world.
  • Try IBKR GlobalTrader for free and access a simulated trading environment for $10,000.
  • Deposit in your local currency.
  • Access trading on over 90 U.S., Canada, and Asia stock exchanges.

IBKR GlobalAnalyst - How Do You Find Undervalued Stocks Around the World?

You can follow the process below to find undervalued stocks around the world with IBKR GlobalAnalyst:

  • With IBKR GlobalAnalyst, you will find searchable & sortable tables for “fast-growing companies at reasonable prices.”
  •  If you want stock from your region, search for stocks by region, country, industry, market cap, and currency.
  • Results show current market prices, various financial metrics, & Price/Earnings/Growth Ratio (P/E/G).
  • You can scan the Globe for Undervalued Stocks – Trade on 150 Markets, 34 Countries, 27 Currencies.

Stock Yield Enhancement Program

You can make extra money from the stocks you fully own in your account by lending them out. Yeah, you heard it right: extra money on investment. Interactive Brokers (IBKR) will use these shares to provide to traders who wish to short-sell them. In return for borrowing your shares, IBKR gives you collateral, which can be U.S. Treasuries or cash. You’ll also earn interest from the traders who borrow your shares.

  •  Each day your stock is on loan, you will be paid interest on the collateral (U.S Treasury or cash) value for the loan based on market rates. IBKR pays you 50% of a market-based rate.
  • The program is available to eligible IBKR clients who have been approved for a margin or cash account with equity greater than USD 50,000 (or equivalent).
  • With IBKR, you will find it simple and automatic with complete transparency.

·       Earn Supplemental Income

·       Trade Your Loaned Stock with No Restrictions

IBKR Trading Platforms 

IBKR is an award-winning platform that offers everything from powerful features for an experienced trader for fast execution to streamlined solutions for a novice trader.

There are various options you can choose with IBKR; go with the one that suits you:

IBKR Trader Workstation (TWS): Trading Skills: Intermediate | Advanced 

Ideal for both intermediate and advanced traders, this desktop platform supports trading multiple products like stocks, options, futures, currencies, bonds, and funds. It offers powerful features and flexibility, allowing you to access over 150 markets worldwide from a single platform.

IBKR Mobile: Trading Skills: Intermediate | Advanced

IBKR Mobile

Designed for experienced and advanced skilled traders, this app lets you trade various assets across more than 150 markets globally. With advanced order types and trading tools, you can trade from anywhere.

IBKR GlobalTrader: Trading Skills: Beginner | Intermediate

This streamlined app makes trading stocks, ETFs, and options worldwide easy. You can start investing with as little as $1 and trade in fractions. You can also open a simulated trading account in seconds to practice before going live.

IBKR Client Portal: Trading Skills: Beginner | Intermediate | Advanced

IBKR - Client Portal

Accessible for traders of all skill levels, this web platform is straightforward and easy to use. It allows you to view, trade, and manage your account from a single login, with no downloads necessary.

3.     IBKR Products

IBKR - Trader WorkStation

Powerful Tools for Advanced Options Trading Worldwide

  • Commissions from USD 0.15 to 0.65 per US option contract.
  • Trade options globally on 30+ market centers.
  • Professional trading platforms and advanced options trading tools.
  • Choose from four levels of options trading permissions to find choices more precisely aligned with your options trading strategies.  

  Trade Futures Worldwide with Professional Tool

  • Low commissions from USD 0.25 to 0.85 per contract.
  • Trade commodity futures globally on 30+ market centers.
  •  Professional trading platforms, order types, and futures tools.

Limit Your Risk with a Different Way to Trade Futures

  • IBKR EventTrader provides a platform where investors can engage with exchange-listed event contracts to speculate on yes or no outcomes in important futures markets.
  • Investors have the opportunity to take a position on daily price movements.
  • Through IBKR EventTrader, you can buy and sell event contracts, offering a simple and direct method to participate in key futures markets. These contracts are based on specific event outcomes and are valid only for the trading day.
  • These contracts allow you to voice your opinion on whether prices in critical futures markets—like Equity Index, Energy, Metals, and foreign currencies—will rise or fall by the end of the trading day. To trade, you simply choose YES or NO on an event contract from the choices available, which include contracts listed by CME.

Trade Global Currencies with Direct Access to Interbank Quotes

  • Tight spreads as narrow as 1/10 PIP.
  • Deep liquidity and real-time quotes from 17 of the world’s largest FX dealers.
  • 100+ currency pairs are available.
  • Professional FX trading tools.
  • Rated 5/5 stars Overall in the ForexBrokers.com 2023 Annual Review.
  •  Low commissions, 0.08 to 0.20 bps times trade size, with no hidden spreads or markups.

Trade Crypto for Less Coin

  • Low commissions – Just 0.12% to 0.18% of trade value1 with no added spreads, markups, or custody fees.
  • Trade and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
  • Additional features let clients hold USD and cryptocurrencies in their crypto trading account, trade cryptocurrencies 24/7, place non-marketable limit orders, and withdraw cryptocurrency assets from their Paxos or Zero Hash account to an external wallet.
  • Invest in crypto, stocks, options, ETFs, futures, bonds, and more from a unified platform.
  • Depending on your account type and country of legal residence, either Paxos Trust Company or Zero Hash LLC provides cryptocurrency trade execution and custody.

Trade US Spot Gold

  •  Low, transparent commissions.
  • Efficient pricing in quantities as small as 1 ounce.
  • Trade US Spot Gold (symbol: USGOLD) with other asset classes from a single unified platform.

The Bond Marketplace has a Vast Selection of Global Fixed Income Securities.

  •  No mark-ups or built-in spreads with low, transparent commissions.
  • A vast universe of over 1 million bonds globally.
  •  Use our Bond Search tool to compare available yields.
  • Trade directly with other IBKR clients.
  • Benzinga has been rated Best Online Brokers for Bonds.

The Mutual Fund Marketplace: More Funds = More Opportunities

  •   48,000+ Funds available to residents worldwide.
  •  19,000+ Funds with no transaction fees.
  • Other funds are available at low commissions and no custody fees.
  • IBKR is neutral and has no proprietary funds.
  • Free Mutual Fund Search tool to help you find the right funds.
  •  Rated Best Online Broker for Mutual Funds by Benzinga.

4.     IBKR Lowest Costs

Professional Pricing – Maximize Your Returns

  • Minimize your costs to maximize your returns. IBKR offers low commissions on products across 150 global markets and no added spreads, ticket charges, platform fees, or account minimums.
  • Margin rates up to 49% lower than the industry.
                                                                          
  • Earn interest rates of up to USD 4.83% on instantly available cash.
  • Earn extra income on your lendable shares. 

Interactive Brokers has been recognized by StockBrokers.com for offering the lowest margin fees. They charge margin loan rates ranging from 5.83% to 6.83%.
                                                                                                                                                  Zero Commissions Doesn’t Mean Free Trades – US Stock Trading Costs for International Investors – European Example:                              

5.     IBKR Strength & Security

A Broker You Can Trust for Financial Strength 

When placing your money with a broker, you need to make sure your broker is secure and can endure good and bad times.  

Interactive Brokers’ strong capital position, conservative balance sheet, and automated risk controls are designed to protect IBKR and our clients from large trading losses.

  • IBKR: Nasdaq Listed 
  • $14.7B Equity Capital 
  • 74.6% Privately Held 
  • $10.4B Excess Regulatory Capital 
  • 2.56M Client Accounts 
  • 2.35M Daily Avg Revenue Trades 
  • Nine regulated entities, globally

6. Education

IBKR Campus

IBKR Campus: On-Demand Educational Resources – Never Stop Learning

  • Investors of all levels, whether novice or experienced, can find resources to learn about the markets, trading, and how to use Interactive Brokers’ platforms.
  • Dozens of beginner-level courses, videos, and articles.
  • Free of charge on the Interactive Brokers website for clients and non-clients.                                                         

7. IBKR Awards

IBKR’s award rack is full of the different awards received:

  • Rated #1 – Best Online Broker Six Years in a Row by Barron’s 2023.
  • 2024 BrokerChooser Best Online Brokers: 12 #1 Awards.
  • 2024 StockBrokers.com Online Broker Review: 21 #1/Best in Class Awards.
  • Benzinga rates Interactive Brokers #1 for such categories as Bonds, Mutual Funds, and a host of product/trading areas.
  • 2024 ForexBrokers.com Online Broker Review: 15 #1/Best in Class Awards.
  • 2024 Bankrate Best Online Brokers rate #1 Best Overall Online Broker.

Conclusion

In conclusion, comparing and evaluating brokers in the UAE reveals that Interactive Brokers offers exceptional value. Their competitive fee structures, advanced trading platforms, outstanding customer service, and unique features tailored for UAE traders set them apart. By collecting and evaluating these key factors, we’ve identified Interactive Brokers as a top choice for investors in the UAE.

 

Disclaimer

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.

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