If you’re going to start investing or trading online then you will need an
online broker. This is basically like a bank account that allows you to
place trades online. Certain online brokers have special services that
cater to a certain type of investor but for the most part, I will list the most
common brokers that most people use.
Interactive Brokers Group, Inc. was founded by its Chairman and CEO Thomas Peterffy. Over the last 32 years, it has grown internally to become one of the premier securities firms with over $4 billion in equity capital.
Interactive Brokers conducts its broker/dealer and proprietary trading businesses on over 70 market destinations worldwide. In its broker dealer agency business, IB 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, bonds and funds worldwide. In its proprietary trading business IB engages in market making for its own account in about 6,500 different electronically traded products. Interactive Brokers Group and its affiliates execute approximately 1,000,000 trades per day.
Interactive Brokers’ headquarters are in Greenwich Connecticut, and it has about 650 employees in its offices in the USA, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia and Estonia. IB is regulated by the SEC, FINRA, NYSE, SFA and other regulatory agencies around the world.
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