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
Super professional
Ease of use, clear terms and conditions, perfect execution
Exceptional Trading Platform
Multiple trading platforms, a wide range of both US and International products, efficient back-end operations, and competent KYC
Easy and clear online platform
The best online platform I have tried in use in the uae.
Best trading and investing platform
Fast, transparent and effective platform
Good investment platform
has global presence, trusted broker and lot of research analysis, options and tools within the platform
Smooth
I have been trading over the last 1 year with IBR and It has been a smooth experience so far.
Class
Very proffessional and efficient
Efficient
Its analysis and order transmission platform is highly intuitive and facilitates efficient operation, thereby avoiding unnecessary costs.
The most versatile platform
I have used Interactive brokers for four years now. It has offered every thing to allow me to invest for the long-term. I have never felt pressured to be pulled in and trade on a whim or gamble my money away. The platform is informative even if it is hard to navigate sometimes. I have never felt limited by the offerings they provide and never had a reason to doubt the safety of my account and money
Advanced, Comprehensive, and Easy to Use
I have used four online brokers before. Interactive Broker is by far the best on several grounds where others have failed. In no particular order, the following are the reasons why I prefer Interactive Brokers:
1. Clarity of information: Anything I need to know about a company or my positions in it, I can see or otherwise find easily
2. Comprehensive coverage: Any instrument I look for, they have it
3. Inexpensive: Commissions are reasonable
4. Easy to use: Be it the website platform or the more advanced software or the mobile app, the platform is easy to use for trading, observing, reporting, and satisfying KYC and compliance requirements
5. Straightforward and comprehensive external interfacing - from sending cash in or out to interaction with accounts with other brokers, it is easy to use, secure, and fast
Small commission, good application, nice unterface
I use IB for last three years and there were no any issues that I can notice while investing.
Continuous legacy
The best investment platform in the world
Best platform
Low cost, FIDC insured, multi-product, user-friendly platform
Global market access for all
A suite of professional-level financial products and services is now accessible to all participants, eliminating legacy intermediaries and saving customers on fees.
great
No problem since 2022.
Simple & Robust
Excellent platform, consistently delivering day in day out.
Easy to operate
I find IBKR website easy to operate and review my holdings. The App is also friendly and easy to use.
Best professional broker
For me IBKR is the most reliable and most professional broker in the market. Real access to all exchanges worldwide. Supply of real assets and market data, not just funny CFD copies and inhouse pricing like so many fake brokers out there. Very low fees. Wide range of powerful trading platforms supplying even professionals with all the necessary functionality, workflows and customization options.
Best international trading firm
Platform is user friendly and provide in-depth analysis of the companies.
Investing made easy
Simple set up, transparent and informative dashboard
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.
