Rating Index
Pros
Competitive spreads starting from 0.12 pips for major pairs
User-friendly trading platform (MetaTrader 4) with advanced features
Available customer support in multiple languages
Cons
Not tier-1 regulated, which may raise concerns for some traders
Limited range of tradable assets compared to competitors
Withdrawal processes have been criticized for being slow and lacking transparency
INMS broker Accounts
Interactive Brokers Account Types
Interactive Brokers offers a variety of account types to cater to different trading needs. The main account types include:
Individual Account: Best for casual traders, allowing access to a wide range of markets including forex, stocks, ETFs, options, futures, and cryptocurrencies. There is no minimum deposit requirement, and commissions start from $2 with floating spreads from 0.2 pips.
Joint Account: Designed for two individuals to share trading responsibilities and assets.
MAM/PAMM Account: Ideal for money managers, allowing them to manage multiple client accounts from a single interface. Commissions vary based on trading volume and performance fees may apply.
IBKR Pro Account: Tailored for active traders, offering lower commission rates starting from $0.005 per share. This account provides access to advanced trading tools and features.
IBKR Lite Account: Best for low-cost trading, featuring commission-free trading on US-listed stocks and ETFs.
IRA Account: A tax-advantaged retirement account available to US residents.
UGMA/UTMA Account: Custodial accounts for minors, available only to US residents.
Select Account Type: Choose the account type that best fits your trading needs (Individual, Joint, MAM/PAMM, IBKR Pro, IBKR Lite, IRA, or UGMA/UTMA).
Complete Application:
- Provide personal information such as name, address, social security number, and employment details.
- Specify your investment objectives and risk tolerance.
Verify Identity: Submit necessary identification documents, such as a government-issued ID and proof of address.
Fund Your Account: Link your bank account to transfer funds electronically or deposit via check. There is no minimum deposit requirement for most account types.
Start Trading: Once your account is funded, you can begin trading across various markets using the Interactive Brokers trading platforms.
Interactive Brokers Broker Account Opening Process
Opening an account with Interactive Brokers is a straightforward process that can be completed in a few simple steps:
For more detailed information, visit the official Interactive Brokers website.
INMS Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
