59.7% of retail investor accounts lose money when trading CFDs with this provider
- Experts rate the Interactive Brokers Trading App highly, noting its sophisticated features that cater to professional traders. The app replicates much of the functionality of the desktop platform, allowing users to trade a wide range of products including options, futures, and CFDs. However, the account opening process is described as complex, and the app lacks financial spread betting.
- Across 1374 user reviews on Good Money Guide, averaging 4.6/5, customers frequently commend the app's user-friendly interface, extensive market access, and low fees. Many users appreciate the comprehensive tools and resources available for trading, while some express dissatisfaction with customer service response times and the complexity of certain features.
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 Trading App across five key areas of our review framework.
- Pricing5.0
- Market Access4.0
- Online Platform5.0
- Customer Service3.5
- Research & Analysis4.0
Pros
- Discount trading app
- Excellent market range
- Invest as well as trade
Cons
- No financial spread betting
- Complex account opening process
See full expert review
Our verdict
As with the main trading platforms, Interactive Brokers’ trading apps are some of the best around. I tried all three different apps on offer, IBKR Mobile, IBKR GlobalTrader and IMPACT.
59.7% of retail investor accounts lose money when trading CFDs with this provider
Is Interactive Brokers' trading app any good?
Yes, IBKR is one of the best app for sophisticated and professional traders is the IBKR Mobile as which replicates some of the functionality of the Interactive Brokers desktop TraderWorkstation platform.
IBKR Mobile is the mobile version of the main trading platform and has the most functionality, where you can view your derivatives and investment portfolio, view charting, trade options, futures, and CFDs. You can also access the iBot feature which helps you search for things like dividend dates, corporate earnings reports, and economic events around stocks or markets you are interested in trading. Charting is initially simple, but under the settings, you can add indicators, show live orders, and annotations and change the bar size and chart type.
There is also the IMPACT lens features that measures your portfolio and gives it a ranking based on how ethical your positions are. The news section also lets you filter and search for IBKR news and analysis from The Fly Swawkbox, Real Vision (an excellent premium analysis vlog from Raoul Pal) and Bloomberg.
IBKR GlobalTrader has a slightly easier feel and is focussed more on stock traders. You get inspiration for investing in stocks, based on their sector, price moves, news flow. News is also filtered down based on the positions in your portfolio.
For more ethical investors the IMPACT app is focussed on helping you make more ethical investment decisions. You get access to the same markets to trade in by the app ranks your portfolio by how ethical they are. It will also show you a more ethical alternative, with a similar investment profile which you can switch to with the click of a button.
Overall, Interactive Brokers’ trading apps, are some of the best around with excellent functionality and access to one of the widest selection of markets and investment products around.
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 1,374 reviews
- Excellent74%
- Very good14%
- Basic7%
- Poor2%
- Bad2%
Read customer reviews
Advanced
Provide all the tools you need to take your investing to a whole new level.
Thank you so much for your support 🙏
It's describes how you feel about it to start to Investment!
Consistency
Excellent service
Functional, easy-to-use platform
Provides a highly functional platform to hold all my private market investments, making buy, sell or monitoring activities a doddle. I invest all over the world, in multiple currencies, and I've never had an issue on any side of any transaction, to date. Just what one expects, but doesn't always get elsewhere.
Reliability
Trading over 10,000 US Stocks and ETFs, US Equity Index futures and options, US Treasuries, global corporate bonds, European government bonds and UK gilts.
It has abeen a nice and geniune Service to use
I have been able to increase my investment capability and understood more about investment from them likewise chaincapital dot us that exhibits more profit making with a huge margin.
Very happy client of IBKR
1$ Fee per transaction and access to a wide spread of investment assets across the globe.
The one and only platform needed
It is not just trading platform but full solution from beginners' requirements to experts.
Simply the best
Vast product choice, low fees, complete guidelines and formation, great reports
Best investing platform
I have been using the platform for 3 years now.
It offers a wide choice of investment options with an app that is very complete and easy to use.
Shining in the woods.
Quite transparent, saving money of investors, giving lot of options to choose from.
Best brokers for global investors and traders
I have been using this platform from UAE for more than 5 years and completely happy with that platform, technical support and withdrawal convenience.
Great, simple, easy
Great platform!
Best in Class
Simply 5* , great Trading and Investing Platform. Keep going...
The best
Great comprehensive platform with low fees and excellent service
For both begginers and pros
The platform has just made my life so much easier. I feel like I have been trading and investing for decades.
reliable, fast and well-priced service
Provides what I wan't, executes as I wan't it and provides even more. I'm fine with it since several years
Excellent, Accurate and Fast
Very efficient, fast and accurate platform
Ibkr pioneer and the best
It's the best no doubt
My best experience
Streamlined and efficient
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.
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