Is Ibkr the biggest broker?
Largest Electronic Brokerage Firm in the United States: Interactive Brokers is the largest electronic brokerage firm in the United States based on the number of daily average revenue trades (DARTs) executing 1,765,000 trades per day.
| Headquarters at One Pickwick Plaza | |
|---|---|
| Net income | US$2.812 billion (2023) |
| Total assets | US$128.4 billion (2023) |
| Total equity | US$3.584 billion (2023) |
| Number of employees | 2,932 (2023) |
Interactive Brokers was rated #1 for "Active Trading". Interactive Brokers was rated #1 for "Professional Trading". Interactive Brokers was rated #1 for "International Trading". Interactive Brokers earned 4 out of 5 stars "Overall".
Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment. Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research. DEGIRO is recommended for traders and investors looking for execution only.
"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."
Largest Electronic Brokerage Firm in the United States: Interactive Brokers is the largest electronic brokerage firm in the United States based on the number of daily average revenue trades (DARTs) executing 1,765,000 trades per day.
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.
Interactive Brokers attracts active traders with low per-share pricing, an advanced trading platform, a large selection of tradable securities — including foreign stocks — and ridiculously low margin rates.
Two of the best brokerages for active traders are Interactive Brokers and Charles Schwab. While Interactive Brokers is one of The Ascent's picks for day trading platforms, Charles Schwab also has advanced tools and capabilities that can make it a good fit for active investors and professional traders.
Who is the number 1 online broker?
After hundreds of hours of comprehensive research, data analysis, and live broker platform demos, Fidelity Investments is our best overall online brokerage platform for investors due to its low fees, expansive product offering, wide-ranging full-service features, and so much more.
While IBKR is the best for advanced traders and international trading, TD Ameritrade is the best for beginner traders and mobile-usage. Ultimately, it comes down to what you're looking for in a trading platform and your personal preferences.
Interactive Brokers's alternatives and competitors. See how Interactive Brokers compares to similar products. Interactive Brokers's top competitors include Horizon Fintex, Tradier, and Clear Street.
The NYSE regulations state that if an account with less than 25,000 USD is flagged as a day trading account, the account must be frozen to prevent additional trades for a period of 90 days.
Your assets are held in an Interactive Brokers LLC brokerage account in your own name. Interactive Brokers LLC is a member of the Securities Investor Protection Corporation (SIPC).
IBKR generates income in many ways, but its primary revenue stream is from commissions paid by traders on their trading. Although IBKR offers customers low commissions, the large volume of trading through its platform still generates substantial commission revenue.
- Bank of New York.
- Fifth Third Bank.
- Huntington Bank.
- Northern Trust.
Thomas Peterffy (born September 30, 1944) is a Hungarian-born American billionaire businessman. He is the founder, chairman, and the largest shareholder of Interactive Brokers.
Interactive Brokers LLC is rated "A- Outlook Stable" by Standard & Poor's. View S&P Rating Report.
| Name | Equities | Valuation |
|---|---|---|
| Vanguard Fiduciary Trust Co. 9.048 % | 9,690,056 | 1 082 M $ |
| BlackRock Advisors LLC 8.117 % | 8,692,840 | 971 M $ |
| Orbis Investment Management Ltd. 7.254 % | 7,768,911 | 868 M $ |
| Kayne Anderson Rudnick Investment Management LLC 5.890 % | 6,307,902 | 705 M $ |
Who are Interactive Brokers clients?
We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers.
It allows Hedge Funds who use IBKR as their principal Prime Broker to market their funds to IBKR clients who are Accredited Investors and Qualified Purchasers, as well as to other Hedge Funds who already market their funds to IBKR clients at the Hedge Fund Marketplace.
US Residents
Interactive Brokers generally verifies the names and addresses of its US-resident applicants electronically. If we are unable to verify your identity electronically, you will be asked to provide additional documents.
As a registered U.S. broker dealer, IB is subject to the rules and regulations of the Securities Exchange Act of 1934 (the 'Exchange Act') and other rules promulgated by the Securities and Exchange Commission ('SEC'), the Financial Industry Regulatory Authority ('FINRA') and the rules of various securities exchanges of ...
A USD 10,000 (or non-USD equivalent) up front deposit will be required that will be applied against commissions during the first 8 months. If total commissions paid during the first 8 months are less than the required minimum, the difference is paid as a maintenance fee.
