Professional review of Interactive Brokers: real user feedback.
Interactive Brokers: Company History and Structure
Interactive Brokers has been providing its services for over 40 years. Thanks to its innovative approach to market order execution and online contract trading, the company has taken a leading position in its field. Today, the CFD broker has offices in 10 countries around the world, with a market capitalization exceeding 7 billion US dollars. In this overview, we will examine the key aspects of Interactive Brokers’ operations.
Creation History of Interactive Brokers Company
Interactive Brokers Group, Inc. was founded solely by Thomas Peterffy. Starting as a market maker at AMEX, he attracted four employees in 1979 and began developing a growth strategy. Initially, the company’s main activities were carried out through the clearing firm Spear, Leeds & Kellogg. Later, the company began independently clearing stocks, which marked the beginning of its successful journey.
The main office was established in the United States, and then Interactive Brokers began its operations in Germany and Switzerland. By 2001, Interactive Brokers LLC was created, becoming the first to offer clients trading in BTS futures.
Today, Interactive Brokers is one of the market leaders in investment and contract for difference trading.
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Official Regulation and Investment Insurance
The activities of the CFD broker are regulated by several regulatory bodies, including authoritative organizations such as FCA (UK), FINRA, NYSE, and SEC (US). The broker provides a British compensation fund for each trader, while the American fund also guarantees the safety of client investments.
Registration Process on the Interactive Brokers Website
Registration on interactivebrokers.com requires some effort and involves several steps. First, you need to go to the “Private Investor or Trader” tab and fill out the form, including email, username, password, and country of residence. The next step is to activate the account through the link sent to the specified email.
After that, you will need to fill in additional fields such as surname, first name, patronymic, date of birth, marital status, residential address, and work phone number.
Identity Verification on the Interactive Brokers Website
After completing all the data, you need to go through the verification process by providing a scan of your passport or driver’s license, as well as a utility bill or bank statement. The verification process can take 1 to 7 days.
Additional Security Measures and Customer Support
To ensure the security of customer data, Interactive Brokers offers the use of two-factor authentication and the Secure Login System. The website also provides around-the-clock customer support available through phone, online chat, email, and other communication means.
Trading Conditions and Brokerage Tools at Interactive Brokers
Interactive Brokers offers a wide range of trading instruments, including CFDs, options, futures options, indices, stocks, ETFs, funds, and other assets. Commissions on transactions depend on the chosen instrument and trading volume.
Company Reviews Overview at Interactive Brokers
Reviews of Interactive Brokers are mostly positive, although some clients note issues with platform performance and high commissions.
Review Summary
Interactive Brokers is one of the market leaders in investments with extensive experience. Despite some drawbacks, the company is trusted by many traders. Before investing, carefully evaluate the risks and conduct your data analysis.
Author: Igor Nekhoroshkov
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