Clients can use ANY online brokerage they wish, however, we recommend using Interactive Brokers Pro (IBKR) in the USA for security, safety, technology & best execution trading. We also have free videos to teach you how to place trades & we can provide a live feed for your investment portfolio. It is simple to transfer your account over.
Interactive Brokers Group, Inc. was founded by its Chairman Thomas Peterffy. Over the last 42 years, it has grown internally to become one of the premier securities firms with over $7.9 billion in equity capital.
Interactive Brokers conducts its broker/dealer business on over 125 market destinations worldwide. In its broker dealer agency business, IBKR provides direct access ("on line") trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, forex, fixed income and funds worldwide. Interactive Brokers Group and its affiliates execute over 797,000 trades per day.
Interactive Brokers is headquartered in Greenwich, Connecticut and has over 1,400 employees in its offices in the USA, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, Japan, India, China and Estonia. IBKR is regulated by the SEC, FINRA, NYSE, FCA and other regulatory agencies around the world.
They accept accounts from most countries around the world. You can see a list here. The clearing bank is Citibank in NYC, USA. Interactive Brokers have over $5 billion under management.
Customer securities accounts at Interactive Brokers are protected by the Securities Investor Protection Corporation (“SIPC”) for a maximum coverage of $500,000 (with a cash sub-limit of $250,000) and under IBLLC's excess SIPC policy with certain underwriters at Lloyd's of London for up to an additional $30 million (with a cash sub-limit of $900,000) subject to an aggregate limit of $150 million.
As with all securities firms, this coverage provides protection against failure of a broker-dealer, not against loss of market value of securities.
SIPC is a non-profit, membership corporation funded by broker-dealers that are members of SIPC. For more information about SIPC and answers to frequently asked questions (such as how SIPC works, what is protected, how to file a claim, etc.), please refer to the following websites:
http://www.SIPC.org
http://www.finra.org/investors/your-rights-under-sipc-protection
Securities Investor Protection Corporation
805 15th Street, N.W. - Suite 800
Washington, D.C. 20005-2215
Telephone: (202) 371-8300
Facsimile: (202) 371-6728
