An introducing broker (IB) is an individual or organization that solicits or accepts orders to buy or sell futures contracts, commodity options, retail off-exchange forex contracts, or swaps but does not accept money or other assets from customers to support these orders.
Is IB a direct access broker?
Interactive Brokers LLCInteractive Brokers LLCClient securities accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000) and under Interactive Brokers LLC's excess SIPC policy with certain underwriters at Lloyd's of London 1 for up to an https://www.interactivebrokers.com › Account Protection - Interactive Brokers LLC ("IB") is an agency only, direct market access broker that provides execution, clearance, settlement and prime brokerage for customers. Our business encompasses securities and commodities brokerage.
What is IB trading platform?
Interactive Brokers LLC (IB) is an American multinational brokerage firm. It operates the largest electronic trading platform in the U.S. by number of daily average revenue trades. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds.
Is Interactive Brokers trustworthy?
Verdict. As a whole, Interactive Brokers is recognized as one of the most reputable brokerage services available for trading a wide range of asset classes across 135 markets. While adhering to a broad range of international regulatory requirements, the company also goes above and beyond industry standards.
Is Interactive broker good for beginners?
Based on our scoring methodology, Interactive Brokers is not considered good for beginners.
Is Interactive Brokers good for day trading?
Interactive Brokers wins our best charting platform for day traders primarily because more assets are contained within those charts. Rather than having to move between platforms, day traders can chart (and trade) futures, debt instruments, options, stocks, and more.
What does IB mean in finance?
An introducing broker (IB) is a broker in the futures markets who has a direct relationship with a client, but delegates the work of the floor operation and trade execution to another futures merchant, typically a futures commission merchant (FCM).
Can I trade forex on IB?
Yes, IBKR does offer trading on multiple Forex products. The most heavily traded market is Forex cash, which is commonly known as the Spot Market. IBKR also offers trading in Forex futures and options as well as a number of currency related products listed on the US securities option markets.