Broker profile

Interactive Brokers broker profile

US multi-asset broker with licences in the UK, Ireland, Australia and Singapore

Last checked · By FTC Editorial Team · How profiles are built

Top-tier regulators
ASIC, CBI, FCA, MAS, NFA
Founded
1978
Headquarters
Greenwich, Connecticut, US
Retail CFD accounts losing money
Not published

About Interactive Brokers

Interactive Brokers Group was founded by its chairman, Thomas Peterffy, and is headquartered in Greenwich, Connecticut. In the US, Interactive Brokers LLC is regulated by the Securities and Exchange Commission and the Commodity Futures Trading Commission. Outside the US, Interactive Brokers (U.K.) Limited is authorised by the Financial Conduct Authority (register number 208159), Interactive Brokers Ireland Limited by the Central Bank of Ireland (C423427), Interactive Brokers Australia Pty Ltd by ASIC (AFSL 453554) and Interactive Brokers Singapore Pte. Ltd. by the Monetary Authority of Singapore (CMS100917).

Unlike most brokers on FTC, Interactive Brokers is primarily a multi-asset broker with direct access to exchanges; currencies are one of many markets on its Trader Workstation, desktop, web and mobile platforms.

Strengths

  • Licensed by several top-tier regulators, including the FCA, Central Bank of Ireland, ASIC and MAS
  • Access to stocks, futures, options and bonds as well as currencies
  • Professional-grade Trader Workstation platform

Worth checking

  • Platforms have a steeper learning curve than forex-only brokers
  • No MetaTrader or cTrader
  • No retail loss rate in the sources FTC checked

Regulation and legal entities

RegulatorCompany and licenceTierStatus
ASIC
Australian Securities & Investments Commission · Australia
Interactive Brokers Australia Pty Ltd
AFSL 453554
1Listed by broker
Search the register
CBI
Central Bank of Ireland · Ireland
Interactive Brokers Ireland Limited
C423427
1Listed by broker
Search the register
FCA
Financial Conduct Authority · United Kingdom
Interactive Brokers (U.K.) Limited
208159
1Listed by broker
Search the register
MAS
Monetary Authority of Singapore · Singapore
Interactive Brokers Singapore Pte. Ltd.
CMS100917
1Listed by broker
Search the register
NFA
National Futures Association / CFTC · United States
Interactive Brokers LLC
Number not published
1Listed by broker
Search the register
“Checked on register” means FTC found the licence on the regulator's own register. “Listed by broker” means the number comes from the broker's legal disclosures. Tier 1 regulators have the strictest client-money rules.

Accounts and platforms

Platforms
Trader Workstation, IBKR Desktop, Client Portal, IBKR Mobile
Account types
—
Minimum deposit
Varies by company and payment method
Commission
—

Sources

  1. Interactive Brokers: about the company
  2. Interactive Brokers home page and regulatory disclosures

Interactive Brokers: common questions

Is Interactive Brokers regulated?

Yes. In the US, Interactive Brokers LLC is regulated by the SEC and CFTC. Its UK company is authorised by the FCA (208159), its Irish company by the Central Bank of Ireland (C423427), its Australian company by ASIC (AFSL 453554) and its Singapore company by MAS (CMS100917).

Where is Interactive Brokers based?

Interactive Brokers is headquartered in Greenwich, Connecticut, and has offices in several countries.

Is Interactive Brokers good for forex only?

It is built as a multi-asset broker, so it suits traders who also want stocks, futures or options. Traders who only want MetaTrader-based forex accounts will find its platforms different.

Member experiences

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