Yes, we rate the Interactive Brokers GIA as very good for long-term investing as thier IBKR “universal account” that lets you invest in all asset classes via physical shares, CFDs, futures, options or funds.
59.7% of retail investor accounts lose money when trading CFDs with this provider
- Experts highlight that Interactive Brokers' General Investment Account (GIA) is tailored for sophisticated investors, offering access to a wide range of investment products including derivatives and options. The platform is noted for its low-cost structure, with no account charges and minimal dealing commissions, making it one of the cheapest options available. However, slow customer service is mentioned as a drawback.
- Across 1375 user reviews on Good Money Guide, averaging 4.6/5, customers frequently commend the platform's low fees, broad market access, and advanced trading tools. Many users appreciate the ease of use and comprehensive service, while some express concerns about the complexity of the platform and occasional delays in customer support responses.
Interactive Brokers General Investment Account 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 General Investment Account across one key area of our review framework.
- Excellent5.0
Pros
- Excellent market coverage
- Advanced investment platform
- Low-cost investing
Cons
- Customer service can be slow
See full expert review
Our verdict
Interactive Brokers’ (IBKR's) GIA is aimed at sophisticated investors, and offers access to derivatives, options, and futures. The platform is one of the cheapest across all asset classes. Capital is at risk.
Is IBKR's GIA a Good Account?
IBKR's GIA is its “universal account” that lets you invest in all asset classes via shares, CFDs, futures, options or funds.
The account is excellent for sophisticated investors who want to manage their own portfolios with complex order types. It's ideal for active investors who need access to a wider range of investment products like derivatives, options, and futures. IBKR is also one of the cheapest investment platforms across all asset classes, as it was built on offering electronic discount brokerage.
Fees
There is no account charge for general investment accounts at IBKR. When you buy and sell shares minimum dealing commissions are £1 in the UK or 0.05% of the deal size.
Special Offers
IBKR clients can earn $200 for each qualified referral while giving their friend the opportunity to earn up to $1000 of IBKR stock.
What is IBKR's Platform Like to Use?
The investment platform is a slimmed-down version of its exceptional desktop trader station. For investing it gives you a good overview of shares and funds.
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
3/5
Pros:
Flexible, good forex.
Cons:
Make pricing more obvious
5/5
Pros:
The products, speed of order execution & TWS
Cons:
NA
5/5
Pros:
Cost, breath of service
Cons:
ease of use
1/5
Pros:
mutliple platform, great access to any markets, low fee
5/5
Pros:
Ability to trade futures and options and more stocks.
Cons:
Improve the platform to include options roll facility in the web portal version, better user friendly desktop version, include things like expected move of an option based on the volatility. Tastyworks has a great platform with excellent features, would love to see IB adopt some of them.
3/5
Pros:
easy to use, quick
Cons:
no idea
5/5
Pros:
Ease of use.
Cons:
Allow limit purchases and sales of foreign investments to be stated in GBP.
5/5
Pros:
many services
5/5
1/5
Pros:
Nothing. They are absolutely trash
Cons:
Everything can be better
5/5
Pros:
Very trustworthy organisation with long history and regulated products (eg. Not a fintech, no CFDs)
Cons:
Improve cross platform (cross device) user experience
4/5
Pros:
Low cost
Cons:
The account setting and the interface could have been further simplified.
3/5
Pros:
Range
Cons:
Taxes mgmt
5/5
5/5
Pros:
Desktop Trader & Mobile App
Cons:
Keep making the routine things easy to find and execute
5/5
Pros:
Low cost access to a wide range of global assets
4/5
Pros:
Access to investing opportunities
Cons:
Asabove
3/5
Pros:
breadth of trading instruments and features
Cons:
Improve the user interfaces of apps and websites
5/5
Pros:
Breadth of investments
Cons:
Better interface
5/5
Pros:
It's a very good platform because it's easy to manage and the fees are not to high
- Expert opinion: Interactive Brokers (IBKR) full review
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.
