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Interactive Brokers Review
4.4★Global, low-cost broker with the widest market access and the cheapest FX conversion in this set. Powerful but more complex, best suited to expats, multi-currency and more advanced investors.
Key facts
- Savings-plan fee
- €0.00 (recurring investments)
- Min. savings plan
- €1
- Custody fee
- €0.00
- FX fee
- ~0.03% auto-conversion (min per trade)
- Regulator
- Multiple (IBKR Ireland / regulated across EU)
- Deposit protection
- Investor compensation up to scheme limits; varies by contracting entity
- Founded
- 1978
- Available in
- DE, AT, FR, NL, IT, ES, IE
Best for
- Expats and multi-currency investors
- Widest global market and product access
Pros
- Extremely low FX conversion cost (~0.03%)
- Access to virtually every global market
- Strong regulation and transparency
Cons
- Interface is complex for beginners
- Statement/tax reporting has a learning curve
- Overkill for a simple single-ETF Sparplan