Company Background
Established in 1978, Interactive Brokers (IBKR) is a globally recognised brokerage. Its headquarters are situated in Greenwich, Connecticut, in the United States. Reputed widely for its state-of-the-art trading platforms, vast market coverage, and competitive rates, Interactive Brokers is geared towards professional traders and institutional investors. It caters to both endpoints simultaneously. Around 150 markets are available for trading in 33 countries, making the service diversified for internationally traded financial instruments.
Pros and Cons
Pros
- The broker is very well regulated around the world
- They have an excellent physical presence
- IB has one of the longest histories in the business
- Service available in a lot of countries worldwide
Cons
- Negative Balance protection may not always apply worldwide
Safety
Besides the company's strict compliance and safety standards, the following are regulatory management bodies that have spotted Interactive Brokers as a firm worth vouching for:
- US Securities and Exchange Commission (SEC)
- The Commodities Futures Trading Commission (CFTC)
- Financial Conduct Authority (FCA) in the UK
- Australian Securities and Investments Commission (ASIC)
Client funds are maintained within a segregated account, and the company also offers a secondary insurance of extra SIPC to protect the clients' investments.
The Items That Can Be Traded
In addition to the asset classes, which are quite extensive, the list of tradable instruments is as follows:
- Stocks: Companies from more than 150 overseas markets.
- Options: Comprehensive coverage from single-name to index futures options.
- Futures: Commodity, index, and currency-market futures.
- Forex: All the majors, most minors, and many exotics.
- ETFs: Wide ETF access.
- Bonds: Governments, municipalities, and corporates.
- Cryptocurrency: High indirect exposure via regulated cryptocurrency ETFs and trusts.
Types of Accounts
Standard
Minimum deposit | 0 |
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Commission | 0.0 |
Available tools | 0 |
Leverage, min | 1:1 |
Leverage, max | 1:78 |
Margin call level | 50 |
Stop-out level | 25 |
Fees and Commissions
As expected, Interactive Brokers is known for pricing transparently and competently:
- Stock Trading: Starts with a trade commission from $0.005 per share for tiered accounts.
- Options Trading: Commissions as low as $0.15 per contract.
- Non-Trading Fees: Very low or even no inactivity fees based on account type.
Trading Platforms
Available tools | Forex, Metals, Indices, Stocks |
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Interactive Brokers provide professional-level platforms for trading:
- Trader Workstation (TWS): This is a complete desktop-based platform with a lot of intricate functionalities in graphing and analysis.
- IBKR Mobile: Comprehensive mobile trading app
- IBKR WebTrader: Streamlined web-based platform
- API and FIX CTCI: Designed for algorithmic and institutional traders.
Assistance to Customers
The following would provide intimate support for users by Interactive Brokers:
- Phones: Access regional assistance numbers during corresponding domestic markets.
- Live Chat: Available through the IBKR website and app.
- Email support: Usually within the next 24 hours: Account would be opened using:
- Online Registration with Complete Personal and Financial Details.
- Upload of identification documents for KYC verification.
- Transfer some funds from various payment modes for opening a trading account.
Website | |
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Address | 20 Fenchurch Street, Floor 12, London EC3M 3BY, UK Floor 5, Unit 507, Index Tower, Dubai International Financial Centre, Dubai, United Arab Emirates One Pickwick Plaza, Greenwich, CT 06830 USA Suite 1512, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong SAR 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada 502/A, Times Square, Andheri Kurla Road, Andheri East, Mumbai 400059, India North Dock One, 91/92 North Wall Quay, Dublin 1 D01 H7V7, Ireland Kasumigaseki Building 25F, 2-5 Kasumigaseki 3-chome, Chiyoda-ku, Tokyo, 100-6025 Japan Level 11, 175 Pitt Street, Sydney, New South Wales 2000, Australia #40-02A, Asia Square Tower 1, 8 Marina View, Singapore 018960 |
Headquarters | United States |
Telephone | India: 91-22-61289888 Japan: 81 03-4590-0711 |
Customer support | from Sunday afternoon through Friday evening - chat, phone, and contact form |
Partner programs | Yes |
Deposits and Withdrawals
Various deposit and withdrawal methods are offered by Interactive Brokers:
- Payment Options: Bank transfers, ACH, SEPA, and wire transfers
- Processing Times: Deposit processed within 1-2 business days, withdrawal delays 3 days depending on the source
- Fees: Zero charges on deposit, withdrawal charges impact payment means.
FAQ
Do Interactive Brokers come regulated anywhere?
Interactive Brokers is supervised by leading authorities such as SEC, CFTC, FCA, ASIC, and several others within corporate regulation. Global regulatory standards are strictly followed.
What trading platforms are available with Interactive Brokers?
Interactive Brokers offers a robust collection of platforms, including Trader Workstation (TWS), IBKR Mobile, IBKR WebTrader, and API-based trading for algorithmic and institutional traders.
How much is required to be deposited to start an account?
The minimum deposit starts at $0 for IBKR Lite accounts in the US, while it varies for other account types and regions worldwide.
What is the highest leverage provided by Interactive Brokers?
For forex, Interactive Brokers offers leverage up to 1:50. Leverage for other asset classes may be lower depending on regulatory requirements.