United Kingdom
Australia
Singapore
Canada
Switzerland
Germany
activeBroker
- HQ
- Tel Aviv / London
- Fee
- No monthly
Interactive Brokers
The grown-up global broker. Ugly site, serious plumbing.
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8.6Strong
AlternativesFive questions
At a glance
Is it a bank?
No. Interactive Brokers is not a licensed bank. Confirm who the money sits with before you send salary there.
If it fails?
SIPC up to $500k (US entity) · local schemes on other entities — not a bank
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
No inactivity on many accounts · commissions on trades
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
8.6
/10 · Strong
The broker column’s control. eToro is the social alternative; IBKR is the actual one.
What it is
Interactive Brokers is a listed global broker, not a neobank. It sits in this register because ‘best account for US stocks from India/AU/UK’ queries land on digital-bank sites that cannot answer them.
Best for: Investors who will tolerate TWS for cost and market access.
Last checked 2026-08-01. Not advice.
What it does well
- +Cost
- +Markets
- +Entity strength
- +FX inside the broker
What to watch
- −UX is a rite of passage
- −Not a spending account
- −Margin is a weapon
Who holds the money
The account
How money actually moves
- Who holds the cash
- Safeguarded or partner-bank
- How money moves
- UPI / INR · ACH / USD · Faster Payments
- Built for
- Investing
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Fintech reviews can pause inbound while they check a transfer
- Card
- Interactive Brokers has no card listed on this file.
Licence first
Safety
SIPC up to $500k (US entity) · local schemes on other entities — not a bank
- SEC / FINRA / CFTCBroker-dealer / FCM · United States
- FCA / MAS / othersLocal broker entities · Global
Fees
- Monthly
- No inactivity on many accounts · commissions on trades
- FX markup
- Institutional-grade FX; a reason people open it
- ATM
- N/A
Features
- –IBAN
- –Fee-free core
- ✓Multi-currency
- –Apple Pay
- –Google Pay
- –Virtual card
- –Physical card
- –Metal card
- –Crypto
- ✓Stocks
- –Business
- –Kids
- –Halal
- Stocks, ETFs, options, futures, FX, bonds
- Global market access
- Margin
- IBKR GlobalAnalyst
- API
Score
- Safety25%
- 9.0
- Fees20%
- 9.2
- Features15%
- 9.4
- App15%
- 6.4
- Global15%
- 9.4
- Support10%
- 6.8
Change log
Full logFees
US stock commissions still the NRI hook
Broker. Not a neobank. Custody is at the broker-dealer.
Fees
US stock commissions still the NRI hook
Broker. Not a neobank. Custody is at the broker-dealer.
Straight answers
FAQ
01Is Interactive Brokers a bank?
Interactive Brokers is filed as Broker-dealer / FCM. The named regulator is SEC / FINRA / CFTC. Still read the entity on the statement before you send money.
02What happens to money in Interactive Brokers if it fails?
SIPC up to $500k (US entity) · local schemes on other entities — not a bank
03What does Interactive Brokers charge each month?
The monthly fee on this file is No inactivity on many accounts · commissions on trades. Fees change — open the operator's pricing page if it is linked.
Ratings and reviews
4.0 / 5 from 2 published reviews on NeoBankDB.
Retail options
United States· 2026-08-27NeoBankDBTWS is a career. The mobile app is a brochure.
NRI desk
India· 2026-08-27Verified userUgly site, cheapest US stocks from India. This is plumbing, not a bank.
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