Interactive Brokers Review for 2021

Mr. The Poor Swiss | Updated: | Investing
Interactive Brokers Review for 2020

(Disclosure: Some of the links below may be affiliate links)

Update July 2021: No more inactivity fees!

Interactive Brokers (IB) is an excellent broker. I have been using their services for about two years now. It is time to give my honest review of Interactive Brokers.

In this review, you will find all you need to know about Interactive Brokers, what you can do with IB, how much IB will cost you, and much more!

By the end of this review, you will know whether IB is a good broker for you or not!

What is Interactive Brokers?

Best Broker for Swiss Investors
Interactive Brokers

Interactive Brokers is an outstanding broker, with extremely affordable fees! Trade U.S. security for as little as 0.5 USD!

Interactive Brokers (IB) is a well-established brokerage firm (a broker) from the United States. IB was founded in 1978 already.

Today, Interactive Brokers is a huge brokerage company. They are the largest trading platform in the United States. IB is also a profitable company with more than one billion US dollars in yearly revenue. IB is employing more than 1500 employees worldwide.

IB offers access to stocks, bonds, options, futures, and other financial instruments in the leading stock exchange of the world. You will have access to all the investing instruments you will ever need.

So, let’s see precisely what IB has to offer as a broker.

Interactive Brokers Account Types

Interactive Brokers offers two types of accounts.

The default account type is the Cash account. With this account, you can only trade with the money you have on the account. It is the account type I am using and the one that is good for most people.

The other account type is the Margin account. With this account, you can trade on margin. It means that you can buy stocks with money you do not have. So, IB will lend you money to trade on the stock market. And you will pay interest on the money loaned to you. Generally, with margin, you have a certain level of margin. For instance, if you 10K cash and a 4:1 margin, you will have 40K available.

For most people, a Cash account will be the best choice. If you do not know what margin is, do not think of getting a Margin account. If you do not know what you are doing, you could lose a lot of money. On the other hand, if you know what you are doing and want to use leverage, you can choose a Margin account.

Interactive Brokers Fees

In the long term, you need to reduce your fees. Investing fees are extremely important.

Interactive Brokers has two fee systems:

  • Fixed Fee System
  • Tiered Fee System

The fixed fee system is straightforward. You will pay a fixed fee for each exchange. For instance, you will pay 0.10% on transactions on the Swiss Stock Exchange (with a minimum of 10 CHF).

The tiered fee system is much more complicated. You will pay all the individual fees, such as clearing fees, trade reporting fees, and transaction fees. And the rules are different for each stock exchange.

A lot of people are turned away by the complexity of the tiered fee system. But for simple investors, the tiered system is often significantly cheaper. In all the calculations I did, the tiered fee system was always less expensive than the fixed system. So, if you want the lowest fees possible, you should opt for the tiered system.

I will not go into details about all the fees of Interactive Brokers because they are complex. But overall, the fees of IB are really low. For instance, here is a comparison I did for the best brokers in Switzerland:

Interactive Brokers is significantly cheaper than other brokers
Interactive Brokers is significantly cheaper than other brokers

When you compare with other brokers available in Switzerland, we can see that the fees of Interactive Brokers are excellent. If you trade a few times per month, your fees will be really low!

Custody / Inactivity Fee

Fortunately, there are no custody fees or inactivity fees at IB!

This is a great advantage of IB compared to most other brokers. Not only, they have great fees, but having no custody fees is awesome!

Negative Interest Rates

If you have more than 100’000 CHF in cash (not invested), you will pay negative interest rates on the sum higher than this amount. At the time of this writing, the negative interest rate is -1.06%.

You can get the current interest rate on this page.

Many people are worried when they start investing because IB shows a warning about CHF carrying a negative balance. But currently, this only applies to balances higher than 100K CHF, so no worries to be had.

Opening an account with Interactive Brokers

Opening an account with Interactive Brokers is not complicated, but it will take some time. The procedure asks many questions and has many steps.

First, they will ask for general information about you (name, address, and such). You will also need to select the type of account you want. This choice is essential. This step is also where you will choose the base currency of your account.

The second step of the procedure is to give financial information. IB will ask you how much money you have and how much experience you have with IB. And you will have to choose which instruments you want to invest in. Do not worry too much since you will be able to register new instruments later.

The next step is about accepting the terms and conditions of Interactive Brokers. I would recommend at least skimming through them. After this, they will ask for some proof of your identity and some extra information related to taxes.

Finally, you only need to fund your account for it to be complete. While this is not the most straightforward procedure out there, I do not think this is too complicated.

If you want more information on the process, I have a guide on how to create an Interactive Brokers account.

Using IB to trade

Interestingly, IB has many user interfaces:

  • The standard web application
  • The mobile application (IBKR Mobile)
  • The WebTrader web interface
  • The Trading Workstation (TWS) desktop application

So, there should be an interface for everybody!

You can do most things from all interfaces. For instance, you can trade stocks from each of these interfaces. The problem with IB is that many people have been talking bout the TWS interface. So, many beginners believe they should use it. But the TWS interface is the most complicated of these interfaces, by far.

I have never used the TWS application for trading. It is just too complicated for most investors. If you are a simple investor and invests in ETFs, you only need the Account Management interface. If you prefer phones, you can also use the IBKR Mobile application to trade as well.

Interactive Brokers - Trade from account management
Interactive Brokers – Trade from account management

From account management, you can trade everything you want. And you can also transfer money to and from your account. All these operations are relatively simple.

You can fund your account for free with a bank transfer. First, you will have to declare your bank account in IB, and then you can make a deposit. Withdrawals are working in the same way. You can only send money to accounts in your name. I never had any issues with either deposits or withdrawals.

If you want more information, I have a guide on how to fund your IB account and trade an ETF.

Is it safe?

You want your broker to be safe if you are going to invest a significant account of money. So, let’s look at the safety and security of IB.

Regulations

First, we can take a look at regulations. Depending on the country of the customers, Interactive Brokers has seven different legal entities. For instance, Interactive Brokers LLC works in the US while Interactive Brokers (U.K.) Limited works for European clients.

Each of these entities is regulated. For instance, the US Entity is regulated by the Security Exchange Commission (SEC), and the UK entity is regulated by the Financial Conduct Authority (FCA). So, overall, IB is extremely well-regulated.

Protections

On top of that, protection in case of bankruptcy is also critical. Again, your protection with IB will depend on where you are domiciled. The SIPC will protect US Investors. SIPC protects your assets up to 500K USD. On the other hand, SIPC will only protect your cash up to 250K USD.

For European investors, it is a bit more complicated than that.  Your protection will depend on what you are trading. With forex, CFDs, and non-US options and futures, you are protected by the FCA, up to 85K GBP. For stocks, bonds, funds, and US options, you are protected by the SIPC, up to 500K USD (cash is only protected with 250K USD).

Again, you have good protection against bankruptcy with Interactive Brokers.

If you want to learn more, I have an entire article about broker bankruptcy.

Technical security

Finally, technical security is also essential.

With Interactive Brokers, you will have strong technical security. All the communications with the server are encrypted. But all honest brokers are using encrypted traffic.

Most importantly, you can use Two-Factor Authentication for your account. For that, you will be able to use the IBKR Mobile Application. Every time you log in from the web interface, you will have to confirm the login and enter one more code on your phone. This second factor adds a great layer of security to your account.

So, Interactive Brokers has excellent security!

My Experience with IB

I started investing with Interactive Brokers when DEGIRO suddenly blocked access to US ETFs to Swiss Investors. Since then, I have been extremely happy with Interactive Brokers.

My entire stock portfolio is in my IB account. I am buying new shares of ETFs every month from the default web interface. I have tried other interfaces as well. The IBKR Mobile application is very well done. But I generally prefer using my desktop computer rather than my phone.

Interactive Brokers Account Management Interface
Interactive Brokers Account Management Interface

I am doing everything from the Account Management interface. This interface suits all my needs. With time, I have learned to ignore most of the features of the tool. I only need a few features for my trading. And IB fits my needs perfectly well.

Since I sometimes get paid in USD, I can wire them directly to my Interactive Brokers account. That way, I do not have to pay any currency exchange fees. And that way, I can directly invest the money.

Since I have reached the 100K threshold on my account, I have paid minimal fees. I wish I had started to use Interactive Brokers directly. For serious people, it does not make sense to worry about 10$ per month in custody fees. This fee will be insignificant in the long term.

Overall, I am happy with my experience with IB. I never had an issue with the broker. All my transfers reached IB very quickly. When I need to withdraw money for my downpayment, I did not get any issues either. And all my trades have been perfectly executed. The reporting on the web interface is also exactly what I need. I can only recommend IB!

IB Reputation

It is essential to look at a broker’s reputation before using it to invest in the stock market.

As a source of review, I always use TrustPilot. So, let’s look at the reviews of IB on TrustPilot. On average, users are rating IB at 3.3 stars. Before looking at this, I was expecting a higher score. So, let’s look at what people are complaining about.

First of all, let’s look at what people do not like with IB. we can categorize most of the negative reviews into two categories:

  • Poor user interfaces. It takes a while to get used to the user interfaces of IB. But after some time, it is straightforward to use.
  • Poor customer service. It seems that many people have issues getting help from customer service. I cannot comment on that since I have never used their customer service. But I know people in Switzerland that did and never had issues with them.

Overall, I am not too worried about these negative comments. A lot of them do not seem serious. And many of them seem like people pissed off at making mistakes with the platform. But of course, it would be better if they are fewer negative reviews.

One good thing is that the majority of the reviews (39%) are rated at five stars. So, let’s look at what positive reviews are saying:

  • Excellent customer service. It is interesting to note that there are both negative and positive reviews on IB’s customer service.
  • Excellent fee system
  • Excellent order execution
  • Good platforms

So, we can see that overall the reviews are mixed for IB. I think it comes from the fact that it takes a while to get used to it. Once you get used to it and you focus only on the things you need, IB is quite simple to use.

Interactive Brokers Pros

Let’s summarize the main advantages of Interactive Brokers:

  • A vast range of investments
  • Very low fees
  • No custody or inactivity fees
  • Very professional service
  • Offers US ETFs to Swiss Investors
  • Good overall reputation
  • Long experience
  • Excellent security

Interactive Brokers Cons

Let’s summarize the main disadvantages of Interactive Brokers:

  • It can be intimidating at first
  • Too many user interfaces
  • Customer service has a bad reputation

Interactive Brokers vs DEGIRO

For European investors, DEGIRO is another interesting alternative. So, it is interesting to compare these two brokers.

The first main difference between the two brokers is that only Interactive Brokers offers access to US ETFs to Swiss investors. It means that if you invest with DEGIRO, you will have to invest in inferior European funds. It will make a  significant difference in the performance of your portfolio. This single difference makes IB a much better choice than DEGIRO for Swiss investors.

But we can also look at the fees of both brokers. There are a few differences between DEGIRO and IB:

  • IB is much cheaper for the American Stock Market
  • DEGIRO is very slightly cheaper for the European Stock Market
  • IB is much cheaper for Foreign Exchange (FOREX)

For the features part, there are a few differences as well. IB is also a FOREX broker so that you can hold many currencies in your account. And foreign currency exchanges are cheap. On the other hand, DEGIRO offers automatic currency exchanges when you buy and sell, but it is significantly more expensive than IB (unless you do tiny conversions).

For the user interface, DEGIRO is slightly easier to use than IB. On the other hand, IB has many more features. But, likely, simple investors will not need many of these features.

Also, there is another difference in share lending. By default, DEGIRO will lend your shares to other investors. If you do not want that, you will have to opt for the Custody account, but you will then pay a fee on dividends. On the other hand, IB will not lend your shares by default. But with IB, you can choose to do that, and then IB will give you some share of the profits. I believe IB’s approach is much superior by not lending your shares by default.

Finally, IB was established in 1978, while DEGIRO only started offering brokerage accounts to retail investors in 2013. So, IB has more extensive experience.

So, overall, Interactive Brokers is a much better broker than DEGIRO. You will be able to access US ETF if you are Swiss. And you will be able to get excellent service at very low prices.

If you want more details, I have two comparison articles for you:

Conclusion

Best Broker for Swiss Investors
Interactive Brokers

Interactive Brokers is an outstanding broker, with extremely affordable fees! Trade U.S. security for as little as 0.5 USD!

Overall, Interactive Brokers is an excellent broker. Their fees are incredible, and their service is top-notch. If you want a professional broker at a very fair price, Interactive Brokers should be your choice.

Since they are still offering US ETFs to Swiss investors, Interactive Brokers is currently the best broker for Swiss investors. If you want to optimize your portfolio, no other broker even comes close.

I have been using Interactive Brokers for more than two years now. I am pleased about IB, and I plan to continue using it for a long time. IB is the broker I am currently recommending to Swiss investors. And it is also an excellent choice for European investors.

If you are interested in IB, I have a guide on how to open an IB account.

What about you? What do you think of Interactive Brokers?

Mr. The Poor Swiss is the author behind thepoorswiss.com. In 2017, he realized that he was falling into the trap of lifestyle inflation. He decided to cut on his expenses and increase his income. This blog is relating his story and findings. In 2019, he is saving more than 50% of his income. He made it a goal to reach Financial Independence. You can send Mr. The Poor Swiss a message here.

94 thoughts on “Interactive Brokers Review for 2021”

    1. Hi Mark,

      Yes, you can trade after hours with several instruments on the stock exchanges that allow it.
      When you create an order, you can set an option to allow order to be filled outside of regular hours.

      Thanks for stopping by!

  1. Why are you concerned about security of your assets and bankrupcy of IB? This company operates for DECADES, survived 2 major recessions in last 20 years (biggest after 1929 and 70s) and it seems it is growing even bigger. I don’t undrestand these fears, why lose sleep over something that it is so unlikely?

    1. Hi small_potato,

      I am definitely not losing sleep over that. IB is indeed a very strong broker, but that does not mean it’s infallible.
      If you are planning to retire based on your portfolio, you still need to consider the risks. Currently, there is no alternative. But if one good alternative comes with higher protection, it could be interesting.

      Thanks for stopping by!

      1. What about opening an international account with SCHWAB? They are also US based, with the SIPC 500.000 USD. diverse selection of U.S. dollar-denominated stocks, options, bonds, ETFs…

        1. Hi baseldon,

          That could be a way to get back some protection. And looking at their fees, they are looking quite good.
          However, it seems that they only handle USD, so it would be difficult for Swiss investors. And you probably can’t invest in Swiss ETFs.
          But it’s a good option :)

          Thanks for stopping by!

  2. Great article and great information in the comments!

    It sucks now that we are moved to IB lux and we have only €20.000 assets protection.

    How someone could feel safe if has 300k-400k invested in IB?

    I personally don’t have so much money invested there but I was planning to have in 25-30 years :)

    Isn’t there a better option out there?

      1. Not entirely clear to me. The 20K asset protection is only for the CASH assets, correct?
        So if you have 100K cash and everything goes belly up you will only get 20K back.
        If you have 300-400K in STOCKS, those are ‘protected’ due to being in a custodial account, correct?
        This applies to both, IB and deGiro.
        The two main differences btw IB and deGiro are (1) trading with US ETFs is possible only on IB till 2021 for Euro ppl and (2) deGiro charges 3% on your dividends if you have their custodial account. And IB offers many more options..
        Another question/thing: Since deGiro now merged with flatex and they are replacing their
        MMFs with a Flatex Bank account you CASH now will be protected up to 100K. So wouldn’t deGiro in case of protection be a better option?

        Thanks for taking the time and all your effort Mr.ThePoorSwiss!

        1. Hi Schmakes,

          Yes, 20k protection is only for cash.

          Now, IB has 500K protection with IB UK, with a maximum of 250K in cash. And they have special SIPC protection for shares. This will protect you also against the misuse of your shares and theft. This is something that we are going to lose.

          Regarding the merge with Flatex, I have no idea what will change, to be honest. It seems that if they have a real bank account, in each name, then yes, that protection will be better than IB’s.

          Thanks for stopping by!

  3. @Mr. The Poor Swiss

    Did you transfer your assets you had with DEGIRO to IB? If so, how does that work in practice? I would imagine this has a lot of fees associated with it?

    I currently have shares in my Postfinance but also Swissquote broker account and am contemplating moving everything to IB. Do you personally think to have assets with different brokers in terms of security makes more sense? Although I saw you wrote that the assets in IB are secured up to USD 500k so does that mean that if IB goes bankrupt that the assets would be transferred to another broker of choice?

    I am always excited to receive your newsletter and read up on new content.

    1. Hi Stefano,

      I have an article about that. I have sold everything, transferred the cash and then bought back everything. But it was a bad idea. And I recommend people to pay a little more and use automated transfers. Unless it’s a tiny portfolio.

      There are some advantages to diversification yes. Currently IB has the best protection. But this protection is likely to go away for us because of stupid Brexit. So, we have tiny protection again. For now, we still have good protection.
      In any case, it depends on how much money we are talking about. If it’s 50K, it’s probably easier to have it in one broker. If it’s 500K, it may be another story.

      Thanks for your kind words about my articles :)

      1. Thank you for sharing your other article. I am definitely considering the automatic transfer!

        Can you elaborate a bit more on the change in protection and what that means? Also on this article in the comments section https://thepoorswiss.com/change-broker-transfer-portfolio/ I have read that due to PRIIPS regulations Swiss people will soon not be able to buy American issued ETFs anymore? I have not found anything on the web pointing to that.

        1. IB UK has a special status where we get SIPC (US) protection for our assets. This is a 500K protection in case of bankruptcy. But if we are moved to IB IE, for instance, we will get the standard protection which is 20K. So, in the case of bankruptcy, we will have a hard time getting money back.
          But we can see it that way: We will have the same protection as the other EU brokers.

          Regarding regulations, we are not impacted by PRIIPS, but by a similar set of laws for Switzerland. It’s not entirely clear, but the current consensus is that we will lose access to U.S. ETFs in 2022.

          Thanks for stopping by!

  4. A question on the topic of protection: would shares/etf’s i hold with ibkr end up in the ibkr’s bankruptcy estate if they would go bankrupt?

    1. Hi Michael,

      That’s a good question.
      No, they would not. With IB, your shares are hold in your name, in a separate legal entity. So nobody else can claim your assets. In case of bankruptcy, you would be able, in theory, to transfer your shares to another broker.
      There are some exceptions: If you lend your shares, or if you have a partial share (half a share for instance). But in general, the protection is quite good at IB.
      Now, if it goes bankrupt, you may have to wait a while to get back your shares, but it should still happen.

      Thanks for stopping by!

      1. Hey

        Are you sure that IB holds assets in you name and not theirs? If this is the case the protection being lowered to 20k is not really an issue as long as one does not store more than 20k in cash at IB right?

        Is that the case for Degiro as well?

        Could you provide a source of that?

        Thanks!

        1. Hi Kev,

          It’s not exactly in your name indeed. They do not have an account for each of their investors. Brokers use big accounts called omnibus account. This account is a pool of all the shares of IB investors, with an account of who owns what.
          But this omnibus is not owned by the main IB entity, but by a secondary entity. This separation allows assets to be protected in case of bankruptcy of the broker.

          DEGIRO uses a similar system.

          Thanks for stopping by!

          1. So then the 20k security limit only becomes an issue if both IB/Degiro and the secondary entity go broke at the same time and one stores more than 20k in cash?

            Where can such information, which is kind of important in my eyes, be found? I tried on the homepage of both brokers but did not really find anything definite.

          2. Hi Kev,

            In theory, the second entity cannot go bankrupt since it does no activity. The problem could arise if DEGIRO or IB does not do their job properly with this second entity. But it should be regulated.
            But it could take a long time to recover the investments.

            It’s really painful to find information about that. DEGIRO has some information here: https://www.degiro.co.uk/helpcenter/faq/safety/1112

            I have an article about this coming this month, hopefully this will help clear this up.

            Thanks for stopping by!

      2. Are you sure that IB holds the assets in the clients name?

        Is that the same for Degrio?

        If yes then the reduction of security to 20k should not be an issue as long as one does not store more than 20k in the broker account right?

        Could you provide a source for this statement?

        Thanks a lot!

  5. Hey, good and interesting post, I use degiro holding 4Etfs, what do you mean by “It means that if you invest with DEGIRO, you will have to invest in inferior European funds” why inferior? Gruess, Oli

    1. Hi Oli,

      European ETFs are not that bad, but they have two disadvantages:
      * Their TER is generally higher
      * You lose on American Dividends since 30% of these dividends are withhold at source. If you have an American ETF, you can reclaim half of the withholding (15% of the U.S. Dividends). This is like a 0.30% reduction in fees for U.S. stocks.

      Thanks for stopping by!

      1. How can this be true on European ETFs?
        * You lose on American Dividends since 30% of these dividends are withhold at source. If you have an American ETF, you can reclaim half of the withholding (15% of the U.S. Dividends).”
        If you are holding UCITS ETFs in a diversified portfolio, it’s impossible not to own American stocks. But that’s why you have to fill in the W8BEN form at any broker, so that they can calculate your withholding tax dependent on your country’s tax treaty with US.
        Or am I missing something?

        1. Hi,

          It’s indeed impossible not to own U.S. stocks in a diversified portfolio.
          But you are indeed missing something. A W8-BEN is only useful when you hold U.S. Stocks or U.S. ETFs directly. It’s not useful if you own U.S. stocks via a non-US ETFs like an UCITS ETF.
          The dividends are withheld at the source by the U.S. government. It means that these dividend are lost before they reach the UCITS ETF. If you have a U.S. ETF, you can get back half of the dividends that were withheld with a W8-BEN, but only with an U.S. ETF.

          Hope it’s clearer now :)

          1. :) Yes, it’s more clear now…but then why does everybody say that it’s better to hold accumulating ETFs as opposed to distributing ETFs? In distributing case, I loose the trading commission when I buy with dividends money but I gain 20% back from the dividend tax…

          2. Hi,

            For several reasons:
            1) There is (almost?) no accumulating ETFs in the U.S., so these people are talking about European ETFs
            2) In some European countries, it is more tax-efficient to own accumulating ETFs rather than distributing ETFs. It’s not the case in Switzerland.

            I prefer distributing and since I invest in U.S. Funds, I do not really have choice anyway ;)

            Thanks for stopping by!

          3. One more addition :)
            I think that you don’t always loose 30% on the dividend tax as most UCITS ETFs are domiciled in Ireland and I do believe Ireland has a 15% tax treaty with US. So…at least there’s that :)
            Cheers.

          4. It’s true, Ireland funds are the next best thing. You also save on the 15% dividends. But you cannot reclaim the lost 15%. But they are indeed better than other countries without a tax treaty with the U.S.!

  6. Hi,

    Just found your blog and finding it quite useful so thanks for the effort.
    Did you have any issues withdrawing funds? I’ve heard a lot of complaints about IKBR happily accepting funds but making withdrawals problematic (globally).
    Thanks a lot

    1. Hi Mariusz,

      No, I have never had any issues. We recently had to withdraw a ton of money for our downpayment et there was no issue at all.
      I have actually never heard complaints about this. Overall, it’s a very respectable, I would be surprised if they make any difficulty, on purpose, to withdraw money.

      Thanks for stopping by!

  7. Hi there,
    Just got an email from IB UK that, due to brexit, they will need to move my account to Ireland, Luxembourg or Hungary.

    “Over the next few weeks, IBKR will be seeking your permission to transfer your account U**** from IBUK to one of the IBKR brokers based in the European Union. We will specify, in our next communication, whether your account is eligible for transfer to IBIE, IBLUX or IBCE (“EU Brokers”).

    Do you have any thoughts on this? What would you choose and why?
    Thanks
    P.S.: I’m from Romania

    1. Hi IronM,

      I honestly have no thought about that. I would probably choose IE or LUX from the top of my head, but I do not know the difference.
      What you can check is the difference in asset protection between these three IB subsidiaries. This should be the only difference.

      Thanks for sharing this! It’s interesting to know that European investors are going to get moved.

      1. I received that communication about accounts being moved either to Luxembourg or Ireland. The ‘asset protection’ topic is covered in the final question and it doesn’t sound good:

        “Currently, provided they meet eligibility requirements, IBUK clients may be protected in relation to investment services under the UK Financial Services Compensation Scheme (“UK FSCS”) at an amount of up to £50,000. As IBUK clients are carried by our US broker, IBL, the securities segment of their account may be eligible for insurance by the Securities Investor Protection Corporation (“SIPC”) at an amount of up to USD 500,000 (subject to a cash sublimit of USD 250,000).

        Under the EU Brokers IBLUX, IBIE and IBCE eligible claimants may be entitled to claim compensation up to a maximum of EUR 20,000. More information on the applicable scheme, coverage and claim eligibility will be provided together with our request to transfer. “

        1. Ìt seems indeed that the great protection from IB UK will be greatly reduced if we have to move to another provider of IB. That would indeed suck.
          But according to the FAQ that you mentioned, this should only apply to citizens of the European Union, not clients from Switzerland. It may still change, but for now, it should not concern me.
          Now, I do not think this makes IB any worse. The protection they were offering at IB UK was exceptional. And the protection they are offering in other countries is still acceptable even if minimal.

          1. Hi Marcelo,

            Yes, I have seen that, it really sucks…
            There is unfortunately not much we can do about this. Even with lower security, it still remains an excellent broker.

            Thanks for stopping by!

  8. Hi, thank you for the article. Do you know if they offer non-Swiss Iban for funding? I need to fund part of my funds from Polish bank account and I was wondering if I can get some Polish Iban account number for finding. If you don’t know, I think you can try selecting it in options for funding – is there anything else than Swiss or UK account? Or maybe someone else knows,please?

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