Mutual Funds Marketplace | Interactive Brokers LLC (2024)

FAQs

What is Interactive broker LLC? ›

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.

IBKR has one of the largest Mutual Fund Marketplaces, with funds from Allianz, American Funds, BlackRock, Fidelity, Franklin Templeton, Invesco, MFS, PIMCO, Vanguard and many others. In addition, the Marketplace is neutral – there is no conflict of interest as we don't offer proprietary funds.

Interestingly enough, your assets in USD with Interactive Brokers are protected by the Securities Investor Protection Corporation (SIPC). This means that in the event of bankruptcy, customers are protected for amounts up to $500,000. This is a lot more than your assets held in €.

IBG LLC

Interactive Brokers

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.

Unlike a mutual fund investor, you continue to be the direct owner of the underlying securities that are held in your own brokerage account. Your assets are held in an Interactive Brokers LLC brokerage account in your own name.

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

Customer securities accounts at Interactive Brokers are protected up to $30 million (including up to $1 million for cash). The market value of your stocks, options, warrants, debt, and cash -- denominated in all currencies -- is covered by this insurance.

"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."

Is Interactive Brokers Legal? ›

Interactive Brokers (India) Private Limited offers only services as permitted under the NSE, NSDL and SEBI regulations.

Interactive Brokers LLC is a member of NYSE FINRA SIPC and regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Headquarters: One Pickwick Plaza, Greenwich, CT 06830 USA.

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 regulated by at least one top-tier regulator. We thoroughly tested the services of Interactive Brokers. Interactive Brokers's clients most likely have access to investor protection.

We provide direct-access trade execution and clearing services to sophisticated investors, active traders and institutions and have a consolidated equity capital of $14.6 billion.

Interactive Brokers LLC 2 Pickwick Plaza, Greenwich, CT 06830 - member NYSE, FINRA, SIPC.