Does Interactive Brokers allow copy trading?

Not automatically through TrueFills today. Interactive Brokers supports a read-only connection, which means a record held at Interactive Brokers can be read and verified, but no order can be placed in the account. You can still follow a strategy and place its trades yourself, and you can publish a verified record of your own Interactive Brokers trading.

Does TrueFills see my Interactive Brokers password?

No. The sign-in happens on Interactive Brokers’ own page, and TrueFills receives a connection rather than your credentials. You can revoke it at Interactive Brokers or here, independently.

Where does my money sit?

In your own Interactive Brokers account, throughout. TrueFills never takes custody of funds and cannot move money out of a brokerage account. A trading connection can place orders; it cannot withdraw.

Following a strategy is free during beta once a brokerage account is connected, or $29 a month without one. Listing a strategy and keeping its record is free.

Copy trading on Interactive Brokers

With your Interactive Brokers account, TrueFills can

Verify your record.

Trades are read from the Interactive Brokers account itself and sealed daily into a public chain, so your Interactive Brokers trading becomes a track record anyone can check rather than a screenshot anyone can make. It is free, it is what a prop firm asks for, and your money never moves: the connection reads the account and nothing else.

A strategy cannot place orders in your Interactive Brokers account yet. Interactive Brokers supports a read-only connection, which is the brokerage's side of the integration rather than a setting here.

Connect Interactive Brokers Compare every brokerage

What the connection can do

reported by Interactive Brokers, not by us

Verify a record held hereYes

Trades are read from the Interactive Brokers account itself and sealed daily into a public chain, so a track record built there is checkable by anyone rather than taken on your word.

Fractional sharesYes

An order can carry the strategy's exact weight, so a small allocation tracks it closely.

How current the record isLive

The connection reports the account as it changes, so a day's trades are sealed the day they happen.

What it holdsStocks and ETFs

Equities and funds, which is what the strategies here trade.

Connection statusGenerally available

A fully released integration, not a preview.

Place a strategy's tradesNot yet

Interactive Brokers currently supports a read-only connection. TrueFills can see the account and its trades, and cannot place an order in it. This is the brokerage's side of the integration, not a setting you can turn on.

What you can do today

A read-only connection is worth having on its own, and it is the whole of what Interactive Brokers allows today.

Publish a verified record

Connect Interactive Brokers read-only and your own trading becomes a broker-sourced record, sealed daily. Free, and it is what a prop firm asks for.

Follow and place by hand

Subscribe to a strategy and take its trades yourself. The record stays checkable either way.

Automate somewhere else

If you want a strategy to trade for you, it has to be an account at a brokerage that supports a trading connection.

Whichever you do, the record behind it is read from the brokerage account that placed the trades, sealed daily into a hash chain published in full, and recomputable in your own browser. Recompute a chain or read how a record is verified.

Questions about Interactive Brokers

Does Interactive Brokers allow copy trading?: Not automatically through TrueFills today. Interactive Brokers supports a read-only connection, which means a record held at Interactive Brokers can be read and verified, but no order can be placed in the account. You can still follow a strategy and place its trades yourself, and you can publish a verified record of your own Interactive Brokers trading.
Does TrueFills see my Interactive Brokers password?: No. The sign-in happens on Interactive Brokers’ own page, and TrueFills receives a connection rather than your credentials. You can revoke it at Interactive Brokers or here, independently.
Where does my money sit?: In your own Interactive Brokers account, throughout. TrueFills never takes custody of funds and cannot move money out of a brokerage account. A trading connection can place orders; it cannot withdraw.
What does it cost?: Following a strategy is free during beta once a brokerage account is connected, or $29 a month without one. Listing a strategy and keeping its record is free.

All supported brokerages Copy trading on Webull US Interactive Brokers’ own site

TrueFills is not affiliated with Interactive Brokers. Capabilities are reported by the brokerage connection and can change. Trading involves risk of loss, and past performance, live or simulated, does not guarantee future results.