101,000 Online inquiries are teeming with questions about how to choose a reliable trading broker who among them offers the best conditions and where to find real reviews about some brokerage companies. Unfortunately or fortunately, trading brokers multiply each year. But not all of them act in good faith, which undermines the reputation of brokers with a global reputation.
We advise you to pay attention to the interactive broker review to minimize the agony of their choice.
Broker Company Interactive Brokers: Basic Information
10100 Interactive Brokers Group has been around for 40 years and continues to operate among securities companies. Thanks to the owner of the brokerage firm, Thomas Peterfi, the broker’s capital reached $5 billion.
Interactive Brokers provides brokerage services in more than 100 financial markets worldwide. The company cooperates with professional traders who need help in clearing and trading in different segments of the financial market. Instead of all its subsidiaries, IB makes about one million transactions in one day.
The company is headquartered in Chicago, USA.
Trade with Interactive Brokers
Each interactive broker broker review reminds you that the interface of the company’s trading platform is quite complex. Moreover, if we analyze the full range of trading services that the broker provides, it should be noted that they are among the most diverse. Although at the same time the registration process is complex and confusing, and the trading conditions themselves must be sufficiently precisely known.
Interactive Brokers offers trading on:
shares; Stock Exchange; Foreign exchange market; ETF; Bond Options; Futures; Cryptocurrency; CFDs; other asset management services. 101,000 American broker says it’s not easy for newcomers to work with it. Therefore, it is better to approach each of the segments already having any experience.
Minimum deposit depends on account type: $10,000, $25,000, $110,000. The commission also depends on the type of account. The demo account can only be accessed after training at the so-called Interactive Brokers Trading University, which is also limited.
Top-up account and withdrawal of money from it depends on the country of origin. Basically it is:
bank transfers; ASN translation; Check payment Online Payments ETF e-transfer system (available only for Canada); BPay (available for Australia only)4 Rollover for IRA retirement accounts; Trustee to the trustee for IRA retirement accounts; Sepa.
Broker supports its clients via online chat, phone or app on the site.
The brokerage firm IB also provides its clients with a message bar related to your trading book, glossary access and webinding.
Activity of interactive brokers
European traders say it is not easy to understand the principle of cooperation with IB just as well and to enter into a contract with them. Very rarely, novice traders turn to the company, because the size of the minimum deposit is quite significant.
Among the shortcomings noted by traders, there is often a lack of technical analysis, no warnings and a general information panel. Despite this, IB continues to grow its base of large investors and is growing not only in the United States, but also in China, India, Australia, Hong Kong, Canada and many European countries.
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