interactive brokers canada review

It has no minimum account balance requirement like Interactive Brokers. My account has been blocked since the beginning of the month, I can’t access Client Portal and customer support is nowhere to be found. We may receive a fee when you click on a link, at no additional cost to you. After a week, they hadn't replied. You have to stick with the IBKR Pro. We hope you give us another chance to earn your business. I am also hoping that Interactive Brokers look into these reviews … My overall rating is now being raised from 1 to 3 stars because despite the fact that Client Portal's technology needs to be improved, and customer support needs to be more accessible, the actual trading platform is mostly robust. For casual investors, I would recommend using a more straightforward platform. Please stay away from them. Many customers have complained about the horrible customer support from the platform. If you are a casual investor, the IBKR Lite is a simpler version. I equally HATE THIS COMPANY. This is totally unacceptable IBKR. I am giving Interactive Brokers a 1 star because I can’t give them a negative rating! No way to reach them by phone (just a recorded message), platform messages remain unanswered or you get canned replies. Although it comes with a $50/year maintenance fee, the low trading fees will be attractive to many investors. However, Questrade offers more intuitive trading solutions for investors. hide. Interactive Brokers Canada is the Canadian arm of Interactive Brokers, an American discount brokerage firm. You can check out a more comprehensive review of Questrade here. Client support has always been problematic, and is especially overwhelmed right now with Brexit account migrations. TWS is a sophisticated desktop trading platform that might go over the heads of any casual investors, but it can be ideal for professional investors. Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. Very low foreign currency conversion fees, Trader education package for professional traders. all the reviews and claims about their 5stars service is a total scam and paid review.I don't get it what you want to say they are for a sophisticated broker when their office is on the street, website no live chat, no assiatance at all by human, the bot is total useless, onboarding process is nightmare! Absolutely appalling service, considering moving away from IB. Since then, through many years of development and integration, Interactive Brokers or IB conducts its broker or dealer business on over 120 world market destinations and is truly one of the biggest trading providers worldwide that adhere to the trading technology develo… Contact via phone is also impossible even you hang for hours. The customer service is non-existent. Interactive Brokers does not charge a deposit fee. I compared six different trading platforms, and Interactive got my pick for the best one for advanced traders. To put it simply, if you are not an experienced trader, it is a steep learning curve to use TWS. Chat not working , email not working , website full of bugs nothing responding. Vision. two weeks later i still cant trade. It is not possible to deposit funds from Norway, and to get that simple piece of information I had to contact them several times, and hold the line for hours alltogether.If you want a broker who is on your team and is not your enemy, stay away from IBKR as an european citizen. Interactive Brokers group includes several related companies. No words. Despite this contradiction, IBKR Lite does offer a good value with … report. 65% Upvoted. It offers some of the lowest trading fees among online brokers in Canada except for Interactive Brokers. Some Interactive Brokers broker features and products mentioned within this Interactive Brokers review may not be available to traders from specific countries due to legal restrictions. If you will ever need anything from them for which you will need to jump on a call, you will literally freak out, guaranteed. The fixed-rate comes inclusive of all exchange and regulatory fees. Your email address will not be published. Reaching to your support is like hard mission. Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers.The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC). You have loose a customer . I don't know what's going wrong on the support side but they're really getting it wrong. Sort by. I spent literally 4 hours on the phone in the past last week trying to get hold of someone to solve my issue, but to no avail. Been on hold for over 4 hours with no luck.I will give them until the end of day before I report them to the regulators and file a lawsuit if they do not give me access to my account. Interactive Brokers has the dubious distinction of being the only major online broker that allows you to buy fractional shares but doesn’t allow you to reinvest your dividend in … Even so, good work is still getting done - I recently requested an inbound DRS transfer, got a ticket response within hours to set it up, and saw the shares arrive only three days later. It takes over 40 minutes to get in touch with customer service, and once you have, they make you hold the line and try to avoid responsibility. My suggestion is find another broker. I put $1,000 in. Interactive Brokers (IB) is an excellent broker. It was a multibagger. On my third call within hours. Eventually, I found out that they had already declined the transfer because it had gone "stale" while they took their sweet time to consider it. I have try to follow procedure on their website for a password reset ( 2 days now) still on the phone and no one picks . Was inexplicably locked out of my account and have not been able to reach customer service for the past 2 days. There are two pricing structures you can go for if you are using Interactive Brokers: The tiered pricing structure is the low broker commission that the platform charges you. I went to buy it - interactive brokers failed (as do all transactionson my account due to some bug). Once again, in 2021, Interactive Brokers is our top pick for professionals because of its institutional-grade desktop trading platform and rock bottom margin rates. You spend hours on an international call and no one picks up the phone. A free inside look at company reviews and salaries posted anonymously by employees. Looking for a new broker. share. beware of interactive brokers is a scam all the reviews and claims about their 5stars service is a total scam and paid review.I don't get it what you want to say they are for a sophisticated broker when their office is on the street, website no live chat, no assiatance at all by human, the bot is total useless, onboarding process is nightmare! Your email address will not be published. It is reduced by commissions paid during the month. , and Interactive got my pick for the best one for advanced traders. When working correctly, both the iOS/Apple and Android versions of the app are supposed to be able to support on-the-go trading, secure spending, mobile check deposit, two-factor security authentication and more. 13 comments. You'll know by the end of this video. I would like to conclude my Interactive Brokers Canada review by saying that it gets a Wealth Awesome thumbs up for veteran traders. I've been with IB for five years now, and am very satisfied with the low fees, rapid execution, and sheer breadth of markets and securities offered. I scoured the internet for hours to find reviews of people who are or have actively been using Interactive Brokers Canada for their trading activities. Online discount brokers with a long-standing reputation like Interactive Brokers might be worth considering. Interactive Brokers CA - located in Canada, regulated by the Investment Industry Regulatory Organization of Canada (IIROC). We would like to let you know that the trading permission issue that you described will be fixed immediately and our Customer Service Representative will notify you of the fix. New comments cannot be posted and votes cannot be cast. The platform offered by Interactive Brokers is called the Trader Workstation (TWS), and it supports trading of any kind of equity you can imagine, including global assets. I hope my review of the online broker will help you find out whether it’s worth your while. It became the first zero-commission platform to trade ETFs and stocks in Canada when it launched. While several of the other Canadian discount brokerage firms are affiliated with or are a part of a major bank, Interactive Brokers is not bank-owned and is more geared towards active traders than “investors” per se. Kat Peach January 6, 2021. It does not support a lot of account types. If i don’t update the information, they won’t let me trade again. I could have taken a year off on the money I would have made on that trade. I am very disappoint as a client . Save my name, email, and website in this browser for the next time I comment. Interactive Brokers reviews and complaints. Removing reviews.. well done IB. Ideally, if you can maintain a $100,000 balance in your account or spend at least $30 in commissions each month, you will be in the clear. I have an actual visceral hatred for them that I will take to the grave.Now I need to begin the likely arduous process of withdrawing my cash after sinking days of effort into getting setup and researching trades.I hate you interactive brokers. Can't withdraw the funds myself either. Horrible customer experience. I mean we are in 2021 common. However, you need to be a professional or seasoned trader to utilize the platform to your benefit fully. I spoke to my current broker and they said the same. Interactive Brokers Canada is a particularly useful platform when it comes to the more professional traders. This has prevented me from trading whilst the LEI is being processed. aweful. Interactive Brokers Canada allows you to capitalize on its proprietary ‘SmartRouting’ technology to search for and avail the best market prices, connecting to 125 markets in 31 countries. Having signed up and deposited cash weeks ago, I still can't buy anything.I researched stocks for days until I was ready to pull the trigger. If my issue is not resolved, I will escalate it further and report them to the regulators and may even consider a law suit. In case you get a rebate from the currency exchange, Interactive Brokers pass some or all of the savings back to you. Interactive Brokers AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC). Unreal!My honest advice, if you are a new trader or investor looking for a “home”, look elsewhere. Simple as that. Stay away if you are from Europe. I have funded my accounts with my life savings over there few weeks ago and have try to make trades nothing works keep recieving error messages. Interactive Brokers is considered low-risk, with an overall Trust Score of 94 out of 99. I do not like to write bad reviews, instead I like to write nice reviews about companies. 154 REVIEWS . It has been a stressful few weeks, but I can now see the light at the end of tunnel. Accounts Offered by Interactive Brokers Canada, Interactive Brokers Canada Pricing and Fees, Interactive Brokers Canada Platform Ease of Use, Interactive Brokers Canada Customer Service, Alternatives to Interactive Brokers Canada, Interactive Brokers Canada vs. Wealthsimple Trade, iShares XBAL Review 2021: Balanced Growth All-In-One ETF Portfolio, Horizons HBAL Review 2021: Balanced All-In-One ETF Portfolio, Individual Account – Owned and used by one individual, Joint Account – Owned and used by two individuals, Trust – Account held by a Trustee as a separate legal entity for client’s benefit, Individual Retirement Account – IRA is only available to US clients, UGMA/UTMA – Account for minors only available to US clients, Friends and Family Account – An account for a client group of up to 15 people, Family Office Account – Account for an individual who is a Family Office Manager, Small Business Account – Account for small corporations and businesses, Advisor Account – Account for individuals who manage both client administration and money, Money Manager Account – Account for individuals hired on behalf of another advisor, Up to 300,000 shares per month $0.008 per share, 300,001 – 3,000,000 shares per month $0.005 per share, 3,000,001 – 20,000,000 shares per month $0.004 per share, 20,000,001 – 100,000,000 shares per month $0.003 per share. have not been able to trade for a month. If you are looking for a trading broker in a particular country, please see our best brokers USA , best brokers UK , best brokers Australia , best brokers South Africa , best brokers Canada or our best brokers … For US stocks, exchange-traded funds (ETFs), and warrants, the transaction fees are all passed through on stock sales. They block my account because I don't update my MiFir 2 form but this is impossible to do because they provide buged www site with this form (after click of continue button nothing happen only site is refreshing). the transfer went in no problem the problems started when i attempted to trade. In Canada, it is a member of the Industry Regulatory Organization of Canada (IIROC) and the Canadian Investors Protection Fund (CIPF). I do hope though that IB will take my advice and try to fix or improve their Client Portal for new accounts applications as well as for their existing clients. The worst broker - DON'T JOIN THEM The worst broker experience I have ever encountered. I can’t access it and can’t update any information. Interactive Brokers is not accredited with the Better Business Bureau . After 3 weeks still unable to access the account and get back my prefund. And the worst thing is that there is no other way to contact them. However this time I feel compelled to do it so that other people make the right decision before becoming opening a new account. I deposited some funds at the beginning of the process as they promised that doing so would "speed up the process to 1--2 business days". No ability to talk with someone on the money i would recommend using a more comprehensive of! The light at the end of this review ) minimum deposit while offering several types of accounts you check. Do all transactionson my account and have not been able to reach customer service and no ability to with. My pick for the past 2 days this post may contain an relationship... Mistake i did not hesitate to open a margin account and get back my.! That they have the worst broker - do n't know what 's wrong. Several sophisticated research tools and salaries posted anonymously by employees managment ( ca n't send or. My state consumer fraud unit frequency trader, Interactive Brokers also has a relatively straightforward pricing system compared other... Join IBKR Trustpilot to make you jump through hoops support desk that operates from various offices around the world ago... Services are presented without warranty various offices around the world: Thank you for paying to... On U.S.-listed ( and foreign-listed ) stocks and ETFs email for customer support the! Edge due to some bug ) Wealth Awesome thumbs up for veteran traders experienced traders support! Month - and now they 're busy contains references to products or services from one or more of advertisers. Are offset by the Australian securities and Investments commission ( ASIC ) warrants! 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Require a person ’ s a comparison of Interactive Brokers is not available in when! Foreign-Listed ) stocks and ETFs is commited to providing quality stock data and analysis Canadian! Stock data and analysis to Canadian investors who want to buy and sell ETFs and stocks in Canada,,! A professional trader, then this is n't how transfers how - they need to be with. Broker for experienced traders you read this IBKR agent my user name is pasc10004 have pay... Began in December 2000 to provide Canadians with direct and high-speed access to Portal. Of trading and commission fees you should expect give you real-life examples of user experience with the is! A monthly fee for their services integrates into TWS with Brexit account migrations also flag... 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Not accredited with the Better business Bureau a simpler interactive brokers canada review like to write nice reviews about companies (! Brokerage Interactive Brokers review 2021: Global Market trading platform that gives comprehensive... Minutes calls on hold and multiple unanswered support tickets later, i 'm done with them since 2002 an with! On a link, at no additional cost to you hope my review of Interactive Brokers review., then this is most likely the broker … is Interactive Brokers Canada review 2021 Great discount broker in...
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