Interactive Brokers IBKR Lite
American global brokerage company Interactive Brokers LLC (IB). According to the quantity of daily average revenue deals, it runs the most prominent electronic trading platform in the United States. Stocks, options, futures, EFPs, futures options, FX, bonds, funds, and some cryptocurrencies are all traded by the company. It is one of the best stock brokerage firms.
The business has offices throughout four cities, with its central location in Greenwich, Connecticut. It is a division of the brokerage firm Interactive Brokers Group, Inc., which was established by Chairman Thomas Peterffy, a pioneer in the development of trading with computer assistance. IB is governed by the Financial Industry Regulatory Authority, the National Futures Association, the Chicago Mercantile Exchange, the New York Stock Exchange, the Commodity Futures Trading Commission, the Securities and Exchange Commission of the United States, and other self-regulatory bodies. As of 2014, the business offers 200 introducing brokers worldwide correspondent clearing services and fully disclosed, omnibus, and non-disclosed broker accounts. The corporation has 1.76 million customers as of February 2022, and its equity totaled US$348.5 billion. The Boston Options Exchange was founded by Interactive Brokers Group, which was also an equity partner and 40% owner of the now-defunct futures exchange OneChicago.
Pros:
- Large investment selection.
- Strong research and tools.
- Over 18,000 no-transaction-fee mutual funds.
- NerdWallet users who sign up for IBKR Pro get a 0.25 percentage point discount on margin rates.
Cons:
- The website is difficult to navigate.
Founded: 1978
Revenue: US$2.714 billion (2021)
Website: https://www.interactivebrokers.com/
NerdWallet rating: 5.0/5.0
