Interactive Brokers Review: US broker with offices in UK, HK, Canada

interactive-brokers-250Regulation: CFTC (US), SEC (US), FCA (UK)
Operating since: 1977
Trading model: ECN
Trading platforms: Traders Workstation (TWS), ProTrader Multi-Connect (PTMC)
Min. Deposit: $10,000 ($10 million from September 1, 2016)
Max. Leverage: 1:50
Bonus: No

Interactive Brokers is a leading US broker and a market maker with almost 40 years of experience. It offers online trading in stocks, options, futures, forex, bonds, contracts for difference (CFDs) to retail and institutional clients alike.

Headquartered in Greenwich, Connecticut, Interactive Brokers has offices in the USA, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, Japan, India, China and Estonia. The group companies hold licenses by the relevant authorities in the US and the UK and has offices in North America, Europe, Australia, and Asia.

Interactive Brokers Group, Inc. (NYSE: IBKR) was listed on the New York Stock Exchange back in 2007 and is currently the largest forex broker in terms of market cap.

Cost of trading

Spread:  from 0.1 pips on EUR/USD
Commission:  0.2 pips

Latest news about Interactive Brokers

Interactive Brokers closes 2016 with double-digit growth in net revenue

Multi-asset automated brokerage Interactive Brokers (NASDAQ:IBKR) reported on Tuesday a net revenue growth of 17.4% to $1.2 billion in 2016. Its pre-tax

Interactive Brokers closes 2016 with low monthly DARTs

Multi-asset automated brokerage Interactive Brokers (NASDAQ:IBKR) reported on Tuesday its daily average revenue trades (DARTs) numbered 592,000 in December 2016, which is

Interactive Brokers posts stable growth in trading metrics in Nov 2016

Multi-asset automated brokerage Interactive Brokers (NASDAQ:IBKR) reported on Thursday it saw daily average revenue trades (DARTs) of 728,000 in November 2016, posting

US forex brokers post 2016’s highest retail client deposits in Oct

Retail forex deposits with US brokers amounted to $520.3 million in October 2016, reaching their highest since the beginning of the year,

Interactive Brokers offers forex CFDs, launches Greenwich Compliance advisory service

US automated forex broker Interactive Brokers (NASDAQ: IBKR)  published its monthly communique on the most recent developments, financial products and enhancements of

Forex brokers’ trading volumes fall by monthly 4%-47% in Oct 2016

After a very strong Septmeber in terms of trading activity, forex brokers saw their trading volume fall on the month in October

Interactive Brokers to offer New Constructs’ fundamental research

US automated forex broker Interactive Brokers (NASDAQ GS: IBKR) said it has launched a custom offering of the equity research firm New

Singapore’s retail forex market becomes overcrowded on back of many new entrants – report

The forex and contracts for difference (CFDs) market in Singapore is becoming increasingly overcrowded as a result of the inflow of new

US retail forex deposits stay flattish in Sept 2016

The amount of retail client deposits with US brokers stayed relatively unchanged at $518.6 million in September 2016, posting just a slight

Interactive Brokers’ October DARTs drop MoM, YoY

US automated forex broker Interactive Brokers (NASDAQ GS: IBKR) reported that its October client Daily Average Revenue Trades (DARTs) (executed client orders) were 603 000,