Interactive Brokers LLC is anelectronic broker based in Greenwich, Connecticut. Owned and operated by Interactive Brokers Group and listed on the NASDAQ index, this world-renowned broker handles over 948,000 active client accounts. Echoing its global prowess, in the company is traditionally a league leader in trades, executing 1,749 thousand in August 2020 alone. In addition to its large client base, Interactive Brokers is highly regulated in several key markets such as the US, the UK, Canada, Luxembourg, Australia, Singapore, Hong Kong, India, and Japan.
The broker offers an impressive range of financial instruments including stocks, options, futures, currencies, bonds, ETFs, and mutual funds all of which can be traded from a single integrated account worldwide. The broker’s mutual funds offerings are the largest in the world, and least expensive outside the US. Interactive Brokers connects to 135 markets in 33 countries and clients can fund their account and trade in 23 currencies. Interactive Brokers accepts deposits using a wide range of channels, including debit cards, credit cards, wire transfers, BPAY, and checks. There is no minimum threshold with regard to the deposit.
In addition, Interactive Brokers was the first major broker to announce commission-free trades on US stocks and ETFs and the first big broker to offer fractional share trading. The broker allows its users to save money by deploying its IB SmartRouting technology. Moreover, it offers other unique tools such as bond search. All customer accounts are segregated and insured, thereby ensuring ample dependability and security for client funds.