Interactive Brokers (IB) is one of the largest online brokerages that provides various trading platforms to individual and institutional investors. With the rise of robo-advisors and automated investing tools, many investors are looking into how they can automate their investments and portfolio management using Interactive Brokers. This article provides an overview of the automatic investment options available on Interactive Brokers based on reddit discussions, youtube reviews and other online commentary.
IBKR Automater tool for automated investing
IBKR Automater is IB’s built-in tool that allows creating automated investing strategies based on customized rules. Investors can set periodic rebalancing, automated deposits, tax-loss harvesting features to remove manual work from their investment process. Reviews on reddit and youtube highlight the flexibility it provides in designing complex automated strategies.
Integrations with third-party robo-advisors
In addition to its native tool, Interactive Brokers also offers integration with leading robo-advisor platforms. This allows using the analytics and automatic rebalancing features from those platforms while still keeping the accounts on IB for trading access and margin rates. Popular robo-advisors like Betterment, Wealthfront, Ellevest and others can be connected.
Pros and cons of using automated investing on IB
Some of the key benefits mentioned in reddit and youtube discussions are IB’s superior trading platforms, lower fees, and seamless automation capabilities. However, the learning curve is higher compared to dedicated robo-platforms. Portfolio options are also more limited unless you build custom strategies.
Interactive Brokers provides flexible options for investors to automate parts or all of their investment portfolio management. The IBKR Automater tool and integration with third-party robo-advisors make it easy to implement automated strategies tailored to one’s requirements.