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 reports drop in Q1 net revenues, YoY

US multi-asset brokerage Interactive Brokers (NASDAQ:IBKR) reported a decline in its Q1 2017 net revenues, compared to the same period of the

Interactive Brokers’ Canadian arm offers traders to earn by lending it stocks they own

US multi-asset brokerage Interactive Brokers (NASDAQ:IBKR) said its Canadian unit has launched a Stock Yields Enhancement Program, under which clients can lend

All but one retail forex brokers reflect well FXCM’s US market exit, Gain Capital turns biggest gainer

The exit of US forex giant Forex Capital Markets, or FXCM, has had a positive impact on the rest of the market

Interactive Brokers’ DARTs remain stable in Mar 2017, despite decline

US multi-asset brokerage Interactive Brokers (NASDAQ:IBKR) generated a stable daily average revenue trades (DARTs) of 649,000. The figure represents a decline of

Interactive Brokers exiting options market making, to focus on more profitable activities

Multi-asset automated brokerage Interactive Brokers (NASDAQ:IBKR) said it has decided to cease offering options market making services on a global scale. The

US forex brokers continues to slowly stabilize total retail deposits in Jan 2017

The combined retail forex client deposits of brokers operating in the US continues to slowly, but steadily stabilize, indicated the latest data

Interactive Brokers’ DARTs continue to stabilize in Feb 2017

The daily average revenue trades (DARTs) of US multi-asset broker Interactive Brokers (NASDAQ:IBKR) continue to steadily recover after a rather slow second

US retail forex deposits continue to grow in Dec 2016, Interactive Brokers outgrows market

Multi-asset brokerage Interactive Brokers registered a monthly growth in retail forex deposits of 8.8% in December 2016, outgrowing significantly the market which

Interactive Brokers’ Jan 2017 DARTs recover on the month, drop y/y

US multi-asset broker Interactive Brokers (NASDAQ:IBKR) reported daily average revenue trades (DARTs) stood at 646,000 in January 2017, posting a drop of

Saxo Bank’s trading volume outgrows that of FXCM in Dec 2016

Danish forex bank Saxo Bank outperformed US retail giant Forex Capital Markets (FXCM) in terms of trading volume in December 2016, according