Company Name: Interactive Brokers Group, Inc.
Address and Contact Details: Interactive Brokers LLC, 209 South LaSalle Street, 10th Floor, Chicago, IL 60604, USA
Phone: +1 (312) 984-1017
Sign Up Offer: No
Demo Account: No
Minimum Deposit: USD 2,000
Regulator: SEC, FINRA, NYSE, SFA and other several other regulatory agencies around the world
Awards: Barron’s Awards 2012, WSL Institutional Awards 2012, Stocks and Commodities Awards 2012, Trade2win Awards 2011, Money Am Award 2008, Investors Chronicle Award 2007
Probability Lab℠ (Patent Pending)
Interactive Brokers Group, Inc. was founded by Thomas Peterffy who has completed 35th year in the financial brokering sector and today serves as Chairman and CEO of the Group. The company has a consolidated equity capital of above 4.8 billion and has grown as one of the leading securities firms in the world.
Interactive Brokers facilitates trading businesses on over 100 financial markets worldwide. They provide direct online access for executing trades for a wide variety of financial products including CFDs, bonds, forex, futures, funds, options, and stocks from worldwide markets to be traded electronically. The Group with its affiliates executes around one million trades on a daily basis.
Interactive Brokers is headquartered in Greenwich Connecticut, and has its offices in many global locations including the USA, UK, Australia, Canada, Estonia, Hong Kong, Hungary, Russia, Switzerland, India and China. The company is regulated by the SEC, FINRA, NYSE, SFA and other several other regulatory agencies around the world where it executes its trades.
Brokering Features and Fees
– min stock commission – 0.05%
Interactive Brokers offers two different trading platforms to its clients:
- Trader Workstation (TWS) and WebTrader.
- Trader Workstation (TWS)
Trader Workstation is a powerful, full-featured trading platform that facilitates online trading of a large range of global assets. The platform provides numerous sophisticated trading tools to the traders, some of them are:
- ScaleTrader algo
- Accumulate/Distribute algo
WebTrader is has a simple user interface for online trading, as it’s a scaled-down version of Trader Workstation. It’s an ideal platform for traders who are new in the trading of financial trading and wants to trade single or selected instruments. Traders who don’t need sophisticated tools can prefer using a clutter-free trading interface of WebTrader.
Features of WebTrader:
- Good ‘Till Date/Time
- Stop Limit
- Limit On Close
- Market On Close
- Trailing Stop
- Trailing Stop Limit
Interactive Brokers provides a suite of mobile trading platforms facilitating online trading of financial instruments using any mobile device. They have following types of mobile platforms for their mobile users:
- mobileTWS for Android
- mobileTWS for iOS
- mobileTWS for BlackBerry®
- mobileTWS for Java ME
- MobileTrader – Compatible with most mobile devices that use a WAP browser
Interactive Brokers offers trading opportunities in the worldwide markets of North America, Europe and the Asia Pacific. They offer a number of CFDs, Bonds, ETFs, Forex, futures, FOPs, Indices, Metals, options, SSFs, Stocks, Structured Products, and Warrants.
Deposits and Withdrawals
Interactive Brokers accepts funds through several modes such as wire transfers, cheques, Online Bill Payment, Canadian Bill Payment, US Automated Clearing House (ACH) Transfer Initiated at IB, Canadian Electronic Funds Transfer (EFT), and Direct Rollover for IRA account only.
For the withdrawal of funds, traders need to complete a fund withdrawal request on the Account Management section of the website of Interactive Brokers. There is no fee for a single withdrawal every month. However, a fee will be charged for each additional withdrawal. Interactive Brokers allows following withdrawal methods: Single Euro Payment Area (SEPA), Wire, check, US Automated Clearing House (ACH) Transfer Initiated at IB, and Canadian Electronic Funds Transfer (EFT).
Interactive Brokers also allows internal fund transfers by completing a request on the Account Management section.