Institutions | Interactive Brokers LLC (2024)

FAQs

Is Interactive Brokers LLC legit? ›

The company has historically catered to institutional and high-volume traders, and IBKR continues to meet the needs of these customers, earning our top choice for best broker for advanced traders, international trading, algorithmic trading, and risk management, cash management, among other categories.

Applications will be processed within 36 business day hours of the receipt of the application under normal business conditions. If we have received your funds, you may begin to trade. Funds received by 16:00 ET are available for trading the next business day under normal business circ*mstances.

Since IBKR does not make proprietary bets, the risk of IBKR going bankrupt and client funds being tied up in a liquidation is significantly less than other broker-dealers that which take proprietary positions.

IBG LLC

Interactive Brokers

Account opening at Interactive Brokers is fully online and it takes 1-3 days. You will need to prove your identity and residency with documents. Choose an account type that suits your needs. There are multiple base currencies available.

Ease of use: 2/5

On the web version, there are far too many options for investors on the beginning of their journey. However, for the more knowledgable investors, the tools Interactive Brokers offers are really helpful to provide you the analysis you're seeking but it remains complicated for beginner investors.

💻 When it comes to its web platform, Interactive Brokers might suit the needs of beginners: User-friendly. Clear fee report. Two-step (safer) login. Overall, this platform may be an optimal choice for beginners.

There is no minimum deposit required by Interactive Brokers (IBKR) to open an account. It is a good broker to start your investment journey with. However, to start trading you need to deposit at least $100. If you want to trade on margin (i.e. use leverage), you must deposit at least $2,000.

How much do you need to open an account with Interactive Brokers? ›

To open an Interactive Brokers LLC brokerage account for your Interactive Advisors investments, you need to fund it with a minimum of $100.

The average Interactive Brokers salary ranges from approximately $58,789 per year for Customer Service Representative to $226,979 per year for Software Engineering Manager.

"Because Interactive Brokers' core clientele are professional traders and institutional investors (e.g., hedge funds), it is crucial to provide the lowest commissions schedule available. In our rigorous assessment, there is no question Interactive Brokers delivers."

Remember, you can only withdraw funds to bank accounts that are in your name. Depending on your account settings, Interactive Brokers may impose a maximum daily withdrawal amount of $50,000. There is also a $100,000 weekly cap on withdrawals.

After scoring the best share dealing accounts across 46 different variables, our analysis finds that Interactive Brokers is better than Fidelity International. Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors.

Interactive Brokers LLC ('IB') is an agency only, direct market access broker that provides execution, clearance, settlement and prime brokerage for customers. Our business encompasses securities and commodities brokerage. IB does not engage in proprietary trading.

Interactive Brokers LLC (“IBLLC”), together with its wholly-owned subsidiary (the “Company”), a Connecticut limited liability company, is a broker-dealer registered under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority (“FINRA”) and various securities and commodities ...

Interactive Brokers LLC 2 Pickwick Plaza, Greenwich, CT 06830 - member NYSE, FINRA, SIPC.

Interactive Brokers is headquartered in Greenwich, Connecticut and has 2,900+ employees in its offices in the USA, Canada, the United Kingdom, Ireland, Switzerland, Hungary, India, China (Hong Kong and Shanghai), Japan, Singapore, and Australia.