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Interactive Brokers Review

Serious multi-asset broker for US and beyond
★★★★★★★★★★ 4.6 / 5
Visit Interactive Brokers →
Trading involves risk of loss
XAUUSD spread0.25
Min deposit$0
Max leveragevaries
Founded1978
Rating4.6/5

Overview

Interactive Brokers (1978) is a listed, heavily regulated broker built for serious multi-asset traders and investors, accepting US, Canadian and global clients.

Pros

  • Accepts US and Canada
  • Extremely low commissions
  • Regulated by the SEC/FINRA, FCA, IIROC and more
  • Access to global markets and assets
  • Professional-grade tools

Cons

  • Platform is complex for beginners
  • Forex is one of many products, not the focus
  • Data fees on some feeds

Gold (XAUUSD) trading conditions

Gold is available via spot and futures with very low commissions, though the experience is geared to professionals rather than pure retail forex scalpers.

Key facts

Regulation
SEC/FINRA, FCA, IIROC, ASIC, MAS
Platforms
Trader Workstation (TWS), IBKR web and mobile, and APIs.
Account types
Individual, professional and institutional tiers.
Deposits
Bank transfer and ACH, geared to larger accounts.

Verdict

A professional powerhouse and a strong US/Canada option for multi-asset traders. Best for experienced investors who trade more than just forex.

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Disclaimer: This review is editorial and for information only, not investment advice. The rating reflects our assessment of regulation, cost, execution and reputation. Spreads are indicative and can change. The link above may be a partner link. Trading forex and gold on leverage carries a high risk of losing money; always confirm the broker accepts your country and check your local regulator first.