Interactive Brokers (also known as IBKR) is a highly regulated global leading online broker, owned and operated by Interactive Brokers Group; a publicly traded company, listed on the NASDAQ index.
It serves more than a million clients in 220+ countries, with physical offices available in several locations across the world. These include offices in the United States, Switzerland, Hong Kong, Canada, United Kingdom, Ireland, Australia, Singapore, Russia, Japan, India, China, Hungary, Luxembourg and Estonia.
With Interactive Brokers, traders can get access to an array of trading instruments and investment products all from a single trading account, these includes stocks, CFDs (on forex, shares, metals etc.), spot currencies, fractional shares, bonds, mutual funds, hedge funds, ETFs, options, futures, cryptocurrencies and metals.
In addition to its broad array of product offering, Interactive Brokers also attracts clients with a number of great brokerage services including a powerful suite of research and trading tools, sophisticated multi-functional trading platforms, superior order execution, a wide range of asset classes, low per-share pricing, low margin rates, algorithmic trading and low-cost trading.
Interactive Brokers is suitable for advanced traders, sophisticated institutional investors and active traders who want flexibility, a robust trading platform, and access to a long list of asset classes. On the other hand, newbies and casual traders are not left out, as the broker also offers IBKR Lite, a simpler to use online account management system and trading platform which also comes with a bunch of its own perks such as commission-free trades on stocks and ETFs and much more.
Interactive Brokers Details
|Head Office||One Pickwick Plaza, Greenwich, CT 06830 USA|
|Regulations||CFTC (United States), IIROC (Canada), FCA (United Kingdom), CSSF (Luxembourg), Central Bank of Ireland (Ireland), Central Bank Hungary (Europe), ASIC (Australia), HKFS (Hong Kong), KLFB (Japan) and Mas (Singapore).|
|Broker Type||ECN, MM|
|Product Offering||CFDs ( on Forex, Shares, Index and Metals ), Stocks/ ETFs, Spot Currencies, Fractional Shares, bonds, mutual funds, hedge funds, options, Futures/ FOPs, cryptocurrencies and metals.|
|Trading Platforms||Trader Workstation, IBKR Mobile, IBKR APIs|
|Asset Classes||Stocks, forex, fractional shares, bonds, mutual funds, hedge funds, ETFs, options, futures, cryptocurrencies and metals.|
|Account Currencies||USD, AUD, GBP, CAD, CNH, CZK, DKK, EUR, HKD, HUF, ISL, JPY, KRW, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, SEK, CHF and TRY.|
|Pricing Model||Spreads and Commissions|
|Account Funding &|
|Bank Wire Transfer, US Automated Clearing House (ACH), Check, Online Bill Payment, BPay, Direct Deposit, Canadian Bill Payment, Canadian Electronic Fund Transfer (ETF), Direct Rollover (Trustee-To-Trustee, Late Rollover, Employee/ Employer SEP Contribution, Recharacterization, Roth IRA conversion).|
- Strong regulatory framework, with regulations from top tier regulatory bodies.
- Large selction of investment products.
- Wide selection of asset classes.
- Powerful suites of trading and research tools.
- Sophisticated trading platform.
- Impressive educational resources including, video tutorials, courses, trading guides, and webinars.
- Transparent fee structure with no hidden charges.
- Multiple account base currencies.
- Secure deposit and withdrawal methods.
- Superior order execution.
- Ultra-low spreads and commssions.
- Low margin rates.
- Low per-share pricing.
- Negative balance protection.
- No third party trading platform.
- Can be complicated for less experienced traders and investors.
- The customer support service can be improved.