59.7% of retail investor accounts lose money when trading CFDs with this provider
- Experts rate Interactive Brokers highly for its direct market access, noting it provides access to over 30 exchanges with low commissions ranging from USD 0.25 to 0.85 per contract. The platform is praised for its advanced order execution types and comprehensive trading tools, although limited phone support is highlighted as a drawback. Overall, it receives a strong total rating of 4.7/5.
- Across 1375 user reviews on Good Money Guide, averaging 4.6/5, customers frequently commend the platform's low costs, extensive market access, and advanced trading tools. Many users appreciate the user-friendly interface and efficient execution of trades. However, some express concerns regarding the complexity of the platform and the responsiveness of customer support.
Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Interactive Brokers Direct Market Access across five key areas of our review framework.
- Pricing4.5
- Market Access5.0
- App & Platform5.0
- Customer Service4.0
- Research & Analysis5.0
Pros
- Lots of exchanges
- Low commission
- Excellent platforms
Cons
- Limited phone support
See full expert review
Our verdict
IBKR offers direct market access to 30+ market centres with low commissions from USD 0.25 to 0.85 per contract and a trading platform with advanced order execution types and futures tools.
Is Interactive Brokers good for Direct Market Access trading?
Yes, Interactive Brokers has one of the best DMA offerings for professional traders. IBKR offer direct market access to the most exchanges at the lowest cost of all the brokers we compare.
Customer reviews for Interactive Brokers
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 1,375 reviews
- Excellent74%
- Very good14%
- Basic7%
- Poor2%
- Bad2%
Read customer reviews
4/5
Pros:
Professional platform
Cons:
Update their platform.
5/5
4/5
Pros:
Platform
5/5
Pros:
Super efficient desktop trading app.
Cons:
Allow export of current positions to file directly from TWS.
4/5
Pros:
Option trading
Cons:
Simplify
5/5
Pros:
Trading cost and execution price
Cons:
Traderworkstation is an absolute mess; it's powerful but its layout should be taken from the programmers
2/5
5/5
Pros:
Trading Platform & costs
Cons:
Easier navigation
5/5
Pros:
effectiveness
Cons:
simpler interface
3/5
3/5
4/5
Cons:
Customer support
5/5
3/5
Pros:
Record keeping
5/5
Pros:
Low costs, breadth of investment choices
5/5
Pros:
Cheap trades and currency exchange
Cons:
automatic rebalancing
4/5
Pros:
across many markets
Cons:
n/a
5/5
Pros:
Cheap
4/5
Pros:
Low cost
Cons:
Add cash to portfolio print outs
2/5
Pros:
nothing really
Cons:
Modernise the dealing platform and improve reports
Compare DMA on Interactive Brokers to other direct market access trading platforms below:
| DMA Trading Platform | DMA Markets | DMA CFDs | Futures | DMA Options | Customer Reviews | More Info |
|---|---|---|---|---|---|---|
 | 20,000 | ✔️ | ✔️ | ✔️ | (Based on 1,375 reviews) | See Platform 59.7% of retail investor accounts lose money |
 | 12,000 | ✔️ | ✔️ | ❌ | (Based on 746 reviews) | See Platform 68% of retail investor accounts lose money |
 | 9,000 | ✔️ | ✔️ | ✔️ | (Based on 137 reviews) | See Platform 62% of retail investor accounts lose money |
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
