Interactive Brokers
Interactive Brokers is an online brokerage firm that provides trading services for stocks, options, futures, forex, bonds, and funds worldwide. It is known for low trading commissions and advanced trading platforms.
brokerage
stocks
options
futures
forex
trading
Interactive Brokers: Online Brokerage Firm
Online brokerage firm providing trading services for stocks, options, futures, forex, bonds, and funds worldwide with low trading commissions and advanced trading platforms
What is Interactive Brokers?
Interactive Brokers (IB) is an online brokerage firm founded in 1978 that provides trading services for a wide variety of securities and financial products to both individual and institutional clients. Some key information about Interactive Brokers:
- Headquartered in Greenwich, Connecticut and has offices worldwide
- Regulated by the SEC, FINRA, NYSE, and other authorities
- Known for very low trading commissions, advanced trading platforms/tools, and good execution quality
- Clients can trade stocks, options, futures, forex, bonds, funds, and more across 100+ markets globally
- Offers sophisticated trading platforms like Trader Workstation (TWS), Client Portal, IBKR Mobile, and more
- Provides advanced trading tools for automated trading, algo trading, market scanning, risk management, and more
- As of 2022, has over 1.7 million client accounts and $381 billion in client equity
Overall, Interactive Brokers stands out as a technology-focused brokerage known for low costs, an extensive product offering, and powerful trading tools/platforms - making them appealing to active and professional traders globally.
Interactive Brokers Features
Features
- Comprehensive trading platforms
- Access to global markets
- Low commissions
- Margin trading
- Short selling
- Automated trading
- Mobile app
Pricing
- Subscription-Based
- Pay-As-You-Go
Pros
Very low trading commissions
Excellent trading platforms and tools
Access to many global markets
Good margin rates
Good customer service
Cons
Website and platforms can be complex for new users
High minimum deposit
Limited research and education resources
No fractional share trading
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