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
- Good Money Guide 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
5/5
5/5
Pros:
Broad range of assets you can buy from all around the world.
Cons:
Slightly lower fees for low-budget investors
4/5
Pros:
Big selection of bonds
Cons:
Improve market screener, it's hard to find European ETFs, Web app is sometimes unstable
4/5
Cons:
1. Improve the speed; 2. Reports are not OK (for example bond ETF is shown as equity, gold ETF is not commodity but equty as well); 3. Simplifay tax filings or alarm in advance that such will be needed; 4. Calculation of return is not transparent; 5. History of dividend received and accumulated is not transperant.
5/5
Pros:
It is also available in Shitcountry like Slovenia 🙂 Thank you IBKR <3
Cons:
Better UX. maybe try to develop automatic tax reports (according to residing country).
5/5
Pros:
Their costs!
Cons:
Have a plain User Guide for beginners
5/5
Pros:
Variety of Instruments
Cons:
Already doing very well, maybe just more scanning features in the global trader app
4/5
Pros:
speed of interaction with it
Cons:
no thoughts
5/5
4/5
5/5
Pros:
Low transaction costs, and broad access to international exchanges.
Cons:
Explaination/Guides to reclaim withholding tax.
5/5
Pros:
Nice, clean easy to use web interface
Cons:
I think it is great
5/5
Pros:
Choice
5/5
Pros:
Best overall provider
Cons:
Nothing
5/5
Pros:
Multi currency, smart routing, worldwide 24h trading, low commission, handsome platform, daily/flexible account statement
Cons:
Little room for improvements, maybe Lower fees, less restrictions for money transfers, better interest rates for cash
5/5
Pros:
Everything
Cons:
Easier useful platform
5/5
Pros:
Linux App, Access to many markets, Many info, news, details
Cons:
UI might benefit from some work as it's sometimes confusing especially for a beginer
5/5
Pros:
Range of instuments
Cons:
Software platform
5/5
Pros:
interactiveness
5/5
Pros:
User Interface, Ease of use, Plenty of Learning stuff
Cons:
Adding more fundamental research
- 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.
