IB Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Interactive Brokers (IB for short) is an Internet Securities brokerage in the United States, listed on NASDAQ in May 2007 under the symbol IBKR, with a current consolidated equity of approximately $5 billion. As of the end of November 2016, IB has total client assets of approximately $84.6 billion. IB is fully licensed by the Australian Securities and Investments Commission (ASIC) (license number 453554), the UK Financial Conduct Authority (FCA) (license number 208159), and the Financial Services Agency (FSA) of Japan (license number 4010001100892) for retail foreign exchange.

　　General Information & Regulation of Interactive Brokers

　　Interactive Brokers Group, Inc.'s founding member has completed its 43rd year, conducting its broker/dealer business on over 135 market destinations worldwide. Interactive Brokers is headquartered in Greenwich, Connecticut and has 2,400+ employees in its offices in the USA, Switzerland, Canada, Hong Kong, UK and many other places in the world. IB is fully licensed by the Australian Securities and Investments Commission (license no. 453554), the UK Financial Conduct Authority (license no. 208159), and the Financial Services Agency (FSA) of Japan (license number 4010001100892) for retail forex license.

　　Market Instruments of Interactive Brokers

　　IB Global Securities offers investors a wide range of financial products, mainly stocks, options, futures, currency pairs, metals, bonds, exchange-traded funds, mutual funds, hedge funds, and Robo portfolios.

　　 Minimum Depositof Interactive Brokers

　　IB SPL offers investors a range of different types of accounts, mainly individual, joint, trust IRA and UFGMA/UTMA accounts, Friends and Family Accounts, Family Office Accounts, Small Company Accounts, Advisor Accounts, Money Manager Accounts, Broker-Dealer and Futures Brokerage accounts, Proprietary Trading Group Accounts, Hedge Fund, and Mutual Fund Accounts, Compliance Officer Accounts, Administrator Accounts, and Institutional Hedge Basic Investor Accounts. It worth noting that the minimum deposit for open an individual account required by theis broker is way too high, up to $2,000, not that suitable for most regular investors. while the minimum initial deposit for a friends and family account seem much lower, only $200.

　　 Leverage of Interactive Borkers

　　Leverage depends on the trading instruments, for example, trading leverage available for cryptocurrency up to 1:5, and forex products trading can apply a higher leverage of up to 1:500.

　　Spreads & Commissions of Interactive Brokers

　　A tiered commission of $0.0035 per share for a monthly volume of fewer than 300,000 shares, $0.002 per share for a monthly volume of 300,001-3,000,000 shares, $0.0015 per share for a monthly volume of 3,000,001-20,000,000 shares, and $0.0015 per share for a monthly volume of 20,000,000 shares. $0.001 per share for a monthly volume of 20,000,001-100,000,000 shares and $0.0005 per share for a monthly volume of 100,000,000 shares or more. The minimum commission is $0.35, and the maximum commission is 1% of the trading volume. The commission for metals trading is 0.15 basic points of the volume, with a minimum of $2.

　　Trading Platforms of Interactive Brokers

　　IB Interactive Brokers provides four trading platforms for traders: Client Portal, Trader Workstation, IBKR mobile, and IBRK APIs. Web Application offers traders one-stop services for them to check quotes, view account balances, P&L, and key performance indicators, funds, reports, and more. The IBRK APIs are easy to use and can quickly help traders get started.

　　Deposit & Withdrawal

　　There are several major options for traders to deposit and withdraw funds from their account, including bank wire transfers, ACH, BPAY, EFT, online bill payment and more.