IBKR Trading Platforms | Interactive Brokers U.K. Limited (2024)

FAQs

Is IBKR in the UK? ›

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159. Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme; products are only covered by the UK FSCS in limited circ*mstances.

Interactive Brokers LLC (IB) is an American multinational brokerage firm. It operates the largest electronic trading platform in the United States by number of daily average revenue trades. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, funds, and some cryptocurrencies.

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.

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.

Interactive Brokers (IBKR) is based in the United States and also operates in several other jurisdictions.

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority.

IBG LLC

Interactive Brokers

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.

Index options are European style (not subject to early exercise), whereas equity options are American style (can be exercised prior to expiration)

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.

Is it safe to keep money in IBKR? ›

Convenience of having your IBKR account cash balance³, FDIC-insured deposits and investments appear on one statement; Excess cash above the program limit of $2,500,000 remains at IBKR and is protected under client protection regulations.

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.

IBKR is currently integrated with the following Custody Banks: Bank of New York. Fifth Third Bank. Huntington Bank.

Under the Insured Bank Deposit Sweep Program, eligible IBKR clients can obtain up to $2,500,000 of FDIC insurance in addition to the existing $250,000 SIPC coverage for total coverage of $2,750,000.

"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."

US brokers that accept UK clients: Some US-based platforms welcome UK investors. These platforms may offer a wider range of US stocks and direct access to US markets but come with their own set of challenges, including potentially more complex tax obligations and the need for a US bank account.

UK users will be able to access Robinhood following the launch in the UK, meaning they will have access to more than 6,000 global companies listed on US markets and more. From the research conducted, Robinhood found that UK consumers do not like paying fees or FX fees on trades.