Interactive Brokers Canada Review
If you are looking for a broker that offers a massive variety of trading assets, low fees, and great customer service, interactive brokers canada is the place to go. They also offer fixed-rate and tiered pricing, and they allow you to trade fractional shares.
IBKR Pro’s top-of-the-line platform is designed by market makers and offers real-time price monitoring. It also allows you to buy fractional shares, which is a good option for small investors.
They offer a variety of trading assets
IBKR offers a wide range of trading assets, including stocks, options, ETFs, futures, forex, and bonds. Its mobile and desktop trading platforms are easy to use. The company also offers a variety of educational resources for self-directed investors.
Ibkr offers a fixed-rate pricing structure and tiered commissions based on volume. This makes it an excellent choice for active traders. Traders can also use the platform to build automated trading strategies.
Its advanced trading platform allows customers to monitor prices and analyze charts in real time. It also provides access to global markets. Its mobile app allows traders to place trades with just a few taps of the screen.
The company is regulated in Canada and the US. It is a member of the Canadian Investor Protection Fund (CIPF), which protects investors in the event of a brokerage firm insolvency. Its CIPF member entity in Canada segregates client funds to minimize the risk of losing assets.
They offer fixed-rate and tiered pricing
IBKR Canada is the Canadian arm of the global broker Interactive Brokers, offering access to international markets and advanced trading platforms. It is an ideal brokerage for advanced Canadian day traders, who can take advantage of its low fees and commissions on trades. It is also known for its innovative technology and was among the first to use fair value sheets on a trade floor in 1979 and introduce handheld computers for trading in 1983.
It offers both fixed-rate and tiered pricing for buying shares. The tiered model is cheaper for small trades, while the fixed-rate model is better for large trades. It also offers a free chart that helps you understand the differences between the two.
In addition to its robust platforms, IBKR offers useful education resources and tools through its Traders’ Academy online hub. This includes webinars, videos, articles and courses. Its website also features a Cyber Security Notice page, which outlines how the company works to keep its clients’ information and accounts safe.
They offer a mobile app
If you are a Canadian investor looking for a top-tier online broker, Interactive Brokers Canada (IBKR) is an excellent option. It offers low trading fees and a massive variety of financial instruments and research tools. In addition, IBKR offers a robust mobile app and Trader Workstation desktop platform.
IBKR has a good reputation in the trading community and follows industry-standard security practices. For example, they use data encryption and automatic logoff. Additionally, they allow users to restrict access to mobile devices based on IP address. In addition, IBKR offers security features like Trader Workstation Mobile Authentication and free APIs for advanced developers.
If you want to open an account with IBKR, you need to provide proof of identity and residency. The website provides a list of acceptable documents, including a passport and driving license. You can also submit a certified copy of your birth certificate or marriage license. Additionally, you will need to sign an agreement with IBKR confirming that all transactions are made in your name.
They offer customer service
If you have a question about your account or the trading platform, you can call the Interactive Brokers Canada customer service team at 1-800-832-9599. They are available Monday through Friday 5:00 to 17:00 Pacific. In addition to the phone number, you can also find additional contact information on their website.
Interactive Brokers Canada is an online broker that provides a massive variety of trading assets and low fees. They offer both fixed-rate and tiered pricing, which means you can pay a flat rate for your trades or lower your commission as you increase your volume. In addition to standard stocks, ETFs, and options, IBKR offers a wide range of global markets and asset classes, including foreign currencies, IPOs, precious metals, and bonds.
IBKR has one of the best mobile apps for trading, and they offer a good variety of options, including a currency converter. However, they don’t offer RESPs or RRIFs, and their live chat response times vary significantly.