Yes, Interactive Brokers is good for share dealing in the largest companies on stock exchanges, but there are limitations when it comes to smaller-cap stocks. You do buy the physical shares (unless you are trading as a CFD. But if you are mainly dealing in smaller or penny stocks a traditional platform like Hargreaves Lansdown or Interactive Investor will give you better access.
Interactive Brokers Share Dealing Review
Name: Interactive Brokers Share Dealing
Description: Interactive Brokers is an excellent account for sophisticated share dealers who want to manage their own portfolio with complex order types actively and need access to a wider range of investment products like derivatives, options, and futures. They also offer fractional share dealing if you only want to start trading a small amount.
Capital at risk.
One of the most advanced share dealing platforms for beginners and professional investors.
- Investments: Shares, ETFs, funds & bonds
- Minimum deposit: £500
- Account types: GIA, ISA, SIPP, CFD
- Share dealing account charge: £0
- Share dealing fee: 0.05%
Fees: Interactive Brokers does not charge share dealing custody fees and minimum share dealing commissions are £1 in the UK or 0.05% of the deal size.
- Excellent market coverage
- Advanced investment platform
- Low-cost share dealing of 0.05% or £1 minimum*
- Customer service mainly automated
- No share dealing SIPP account
Research & Analysis
- Expert opinion: Interactive Brokers (IBKR) full review