Founded in 1994, Interactive Brokers is a leading electronic forex brokerage providing financial services with ‘rock-bottom’ commissions and trading fees in more than 190 countries. Not only is Interactive Brokers amongst the largest discount brokers in the USA, but also provides customers with direct access to 126 markets in 26 countries, to trade forex, CFDs, stocks, options, futures, bonds, and ETFs. However, it’s evident that the brokerage is designed to provide services to seasoned professional traders investing in large trading volumes, from a complex proprietary trading platform. Notably, a minimum deposit of $10,000 is required to open a regular trading account and at least $100,000 to set up a portfolio margin account. Interactive Brokers is a subsidiary of the Interactive Brokers Group, headquartered in Greenwich, Connecticut and listed on the New York Stock Exchange. We saw that Interactive Brokers operates as separate entities in seven countries across the globe: India, Japan, UK, USA, Hong Kong, Australia and Canada. Moreover, each entity is licensed and regulated in the country of operation, with the full registration details clearly indicated on the Interactive Brokers website along with the complete postal addresses of each entity. Importantly, European customers are obliged to set up a UK account and subsequently receive brokerage services from Interactive Brokers UK Ltd and Interactive Brokers LLC, in the USA, depending on the product being traded by the customer.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
