MMGP 0 Interactive Brokers – access to global markets with low fees

Interactive Brokers – access to global markets with low fees
Start: 22.01.2023
Regulated: NFA, СFTC, FSA
Max shoulder: 1:50
Min deposit: 2000$
Demo account: yes

Founded in the last century, Interactive Brokers remains attractive to private investors to this day, not only at home, in the USA, but also in other countries of the world.

History and features of the broker

The broker originates in 1978 from the moment Thomas Peterffy founded the company T.P. & Co. After rebranding in 2001, Peterffy’s company became Interactive Brokers.

Interactive Brokers was the first to introduce automated order sending and the practice of using desktop and handheld computers for trading.

The broker is one of the largest in its segment and today has more than two dozen offices in more than 10 countries around the world. The official website of the company is available in 9 languages of the world, including for Russian-speaking users.

Interactive Brokers’ central office is located in Greenwich, Connecticut (USA), and the broker itself is under the control of the US Securities Commission and an independent financial markets regulator.

Key advantages of the broker

One of the primary advantages of Interactive Brokers is its work with foreign residents, thanks to which access to the site is open to users around the world.

Equally important advantages include:

  • broker reliability and availability;
  • the ability to trade on more than 100 sites around the world;
  • no official entry threshold;
  • the saturation of the site with various useful information for the investor;
  • round-the-clock support.

Interactive Brokers provides access to a huge number of instruments, including securities from more than 35 countries, futures, IPOs, ETFs, options and even cryptocurrencies.

Trading conditions

Although the broker does not set an entry threshold, it is not worth opening an account with less than $2000 in assets. The fee for the maintenance of the account will annually take 10 percent or more of the investment portfolio. The recommended deposit is $10,000.

The broker provides the opportunity for margin trading, but only to persons over the age of 21 and with a deposit of at least $ 2000. The maximum leverage is 1:40.

Types of accounts

Depending on the goal, the user can open an investor or trader account. Accordingly, it is advisable to use the first one to generate passive income in the long term, the second one is suitable for those who are used to actively trading, making a profit on fluctuations in the asset price when making short-term transactions.

How to open an account with Interactive Brokers

Conditionally, the process can be divided into three stages: filling out an application, replenishing an account and starting trading. In practice, there are certain nuances. Registration and setup before being able to fully use the account is not fast and it may seem difficult to an inexperienced user.

In general, the procedure is classic: go to the broker’s official website, click on the “open account” button and then proceed to fill out the application. Anyone wishing to open an account with Interactive Brokers will have to enter a large amount of data, including information from the identity document, full name, address, employer’s phone number, bank account. Account verification may take several days, so you will have to be patient.

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