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The Features of the IBKR API

The Features of the IBKR API

Posted August 13, 2025 at 3:35 pm

Dr. Hui Liu
IBridgePy

The article “The Features of the IBKR API” was originally posted on IBridgePy blog.

Interactive Brokers is one of the best American multinational brokers and offers an outstanding online trading platform that presents various trading tools for inverters in various markets, ranging from stocks and forex to some cryptocurrencies. Priding itself on offering its services to millions of clients, it is improving its trading tools. Using the IBKR API, the firm’s customers can trade in various commodities.

The dashboard of its platform contains a wide variety of tools such as ESG market research, social sentiment analytics, paper trading features, and activity reports. IBKR offers its services at the most affordable rates; its various plans, such as the lite pricing plan, are liked by traders. The reason for its reputation and growth is its small fees, which attract a large number of traders from various parts of the world. The interesting and complex blend of different services and fields makes this firm distinct. On the one hand, Interactive Brokers continuously offers new fintech products and services, and on the other hand, its research and education department offers various courses in fintech and presents high-quality research in automated trading. The important features of the IBKR API are as follows:

  • IB connects the trading system through the Application Program Interface without requiring any additional technical overhead.
  • The traders can use APIs through various computer languages, such as Java and C++.
  • As a dynamic platform, it allows traders to use trading apps on the desktop web platform or mobile trading platform.
  • The API supports custom trading applications, and it can integrate trading into existing third-party applications.
  • API provides SmartRoutingSM, which allows traders to search for the best firm for stock trading and options trading at affordable costs.
  • The traders can use numerous code files existing in the IB Python API client folder. Client and Wrapper are the most important files. The first deals with all outgoing requests and later handles incoming messages. 
  • You can use real-time data for trading and analysis purposes. Although this data is not tick-by-tick, it contains snapshots that were taken at intra-second intervals that differ depending on the type of instrument.
  • API offers easy access to TWS order entry and its management features without using any servers.
  • The API has the ability to create a link between your system and the TWS demo.
  • Using the API, traders can create technical indicators that fulfill their specific requirements. This leads to choosing better strategies. 
  • The traders can make their own custom terminal using the API, which may meet their specific needs. 

As one of the best brokerage firms,  Interactive Brokers offers end-of-age tools such as API, which provide various services for traders at an affordable cost.

The author of this article is not affiliated with Interactive Brokers. 

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Disclosure: Interactive Brokers Third Party

Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from IBridgePy and is being posted with its permission. The views expressed in this material are solely those of the author and/or IBridgePy and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Disclosure: Order Types / TWS

The order types available through Interactive Brokers LLC's Trader Workstation are designed to help you limit your loss and/or lock in a profit. Market conditions and other factors may affect execution. In general, orders guarantee a fill or guarantee a price, but not both. In extreme market conditions, an order may either be executed at a different price than anticipated or may not be filled in the marketplace.

Disclosure: Forex

There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.

Disclosure: Digital Assets

Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. Eligibility to trade in digital asset products may vary based on jurisdiction.

Disclosure: Options Trading

Options involve risk and are not suitable for all investors. For information on the uses and risks of options, you can obtain a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options by going to the following link ibkr.com/occ. Multiple leg strategies, including spreads, will incur multiple transaction costs.

Disclosure: Futures Trading

Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com.

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