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IB Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.interact..., the company's legitimate regulatory information AustraliaASICMarket Maker (MM), United KingdomFCAMarket Maker (MM), JapanFSARetail Forex License, Hong KongSFCDealing in futures contracts & Leveraged foreign exchange trading, Hong KongSFCDealing in futures contracts & Leveraged foreign exchange trading, CanadaCIROMarket Maker (MM), AustraliaASICInvestment Advisory License, United StatesNFACommon Financial Service License to enhance the security of the company's address Suite 1512, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong SAR.

IB Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
Interactive Brokers Hong Kong Limited
Abbreviation
IB
Company employee
--
Contact Number
+61272510088
Company address
Suite 1512, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong SAR.
Keywords
Above 20 years
Regulated in Australia
Regulated in United Kingdom
Regulated in Japan
Regulated in Hong Kong
Regulated in Canada
Regulated in United States
Market Maker (MM)
Retail Forex License
Dealing in futures contracts & Leveraged foreign exchange trading
Common Financial Service License
Self-developed
Global Business
Australia Investment Advisory License Revoked
Hong Kong Dealing in futures contracts & Leveraged foreign exchange trading Revoked
Suspicious Overrun
High potential risk

Company profile

Quick IB Review Summary Founded1978RegisteredHong KongRegulationASIC, FCA, FSA, SFC, CIROMarket Instruments150 markets, stocks/ETFs, options, futures, spot currencies, bonds, mutual fundsDemo Account✅Account TypeIndividual, Joint, Retirement, Trust, Family, Institutional Min Deposit$0LeverageUp to 1:400SpreadFrom 0.1 pipsTrading PlatformIBKR GlobalTrader (Mobile), Client Portal (Web), IBKR Desktop, IBKR Mobile, Trader Workstation (TWS) (Desktop), IBKR APIs (Desktop), IBKR ForecastTrader (Web), IMPACT (Mobile)Inactivity Fee❌Customer SupportLive chat, phone, email, FAQsIB Information IB, or Interactive Brokers, is a discount brokerage firm founded in the United States in 1978. It is headquartered in Greenwich, Connecticut, and has offices in several other countries, including the United Kingdom, Hong Kong, and Australia. The company provides electronic brokerage services to individual and institutional clients, offering a range of financial products, including 150 markets including stocks/ETFs, options, futures, spot currencies, bonds, and mutual funds. Interactive Brokers is regulated by several financial authorities, including ASIC (Australia), FCA (UK), FSA (Japan), SFC (Hong Kong), and CIRO (Canada).Pros & Cons Interactive Brokers (IB) has many advantages, including low commissions, access to a wide range of financial products, and a highly customizable trading platform. Additionally, IB is known for its advanced research tools and competitive pricing. However, complex trading platforms are not suitable for all investors. Below is a table outlining the pros and cons of Interactive Brokers (IB):ProsCons• Wide range of trading instruments• Complex platform and steep learning curve• Advanced trading platform with many features• Low trading fees and commissions• Access to international markets and exchanges• Multiple account types to choose from• Strong regulatory oversight and safety of client funds Note: This table is based on general observations and may not represent the experience of every individual user.Is IB Legit? Interactive Brokers is a well-established and reputable broker. The company is publicly traded and regulated by multiple top-tier financial authorities around the world, including ASIC (Australia), FCA (UK), FSA (Japan), SFC (Hong Kong), and CIRO (Canada).Regulated CountryRegulated byRegulated EntityLicense TypeLicense NumberAustralia Securities & Investment Commission (ASIC)INTERACTIVE BROKERS AUSTRALIA PTY LTDMarket Making (MM)000453554Financial Conduct Authority (FCA)Interactive Brokers (UK) LtdMarket Making (MM)208159Financial Services Agency (FSA)インタラクティブ・ブローカーズ証券株式会社Retail Forex License関東財務局長(金商)第187号Securities and Futures Commission of Hong Kong (SFC)Interactive Brokers Hong Kong LimitedDealing in futures contracts & Leveraged foreign exchange tradingADI249Canadian Investment Regulatory Organization (CIRO)Interactive Brokers Canada Inc.Market Making (MM)Unreleased Furthermore, the broker has a long history of providing high-quality services to its clients, with a track record of financial stability and reliability. Therefore, based on these factors, it can be concluded that IB is a legitimate broker. How Are You Protected? Interactive Brokers (IB) provides a range of security measures to protect its clients' funds and personal information. Some of the key security measures include:Protection MeasureDetailRegulatory OversightASIC, FCA, FSA, SFC, CIROAccount ProtectionSIPC protection (up to $500,000) and additional third-party insurance coverage (up to $30 million)Two-Factor Authenticationadding an extra layer of security to their accountsSecure Login Systema proprietary security measure that requires users to have a security device to log in to their accountsPrivacy Policyoutlines how it collects and uses customer dataSecure Websiteuses SSL encryption on its website to protect user data and prevent unauthorized accessCybersecurity Measuresfirewalls, intrusion detection systems, and encryption, to protect against cyber threats It's important to note that while no investment platform can completely eliminate risk, IB's measures are designed to mitigate risk and protect its clients as much as possible. Our Conclusion on IB Reliability: Based on the information provided, Interactive Brokers is a reliable broker with a strong focus on client protection and security measures. It is regulated by multiple authorities and has a history of being in the industry for several decades.Market Instruments IB offers 150 markets across multiple asset classes, including:Stocks: IB provides access to over 135 markets and 35 countries, with more than 9,000 stocks available to trade.Options: IB offers options trading across a variety of markets, including stocks, indices, and futures.Futures: IB offers futures trading on over 70 global markets, including indices, commodities, and currencies.Forex: IB provides access to forex trading in over 100 currency pairs.Bonds: IB offers trading in bonds, including corporate, municipal, and government bonds.Funds: IB offers trading in funds from over 250 fund families.Asset ClassSupportedStocks✔ETFs✔Options✔Futures✔Spot Currencies✔Bonds✔Mutual Funds✔Commodities❌Indices❌Cryptocurrencies❌ Account Types Interactive Brokers (IB) offers various types of accounts for different trading needs, including Individual, Joint, Retirement, Trust, Family, and Institutional accounts. Margin & Leverage While the margin rates that IB offers are the same for all customers, local regulators may impose different or higher rates. Regulatory requirements for margin deposits in a given jurisdiction will take precedence over those set by the IB if they are greater. And since high-risk leverage is regulated differently in different countries, your ability to use it will vary based on the trading instrument you use and the law where you live. As a result, IB provides a convenient online tool to let you quickly and easily view all applicable margins, allowing you to select the optimal trading conditions. For customers who come under the jurisdiction of the Australian Securities and Investments Commission (ASIC), the maximum leverage available on Forex trades is 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Spreads & Commissions Spreads:Forex: IB offers competitive spreads on major forex pairs, with typical spreads ranging from 0.1 to 0.3 pips for EUR/USD, 0.1 to 0.6 pips for USD/JPY, and 0.3 to 0.7 pips for GBP/USD.Stocks: IB offers tiered pricing for stocks, with spreads ranging from $0.0035 to $0.01 per share, depending on monthly volume. For example, the spread for a trade of 100 shares of Apple (AAPL) would be $0.35 to $1.00, depending on the monthly volume.Options: IB offers competitive spreads on options, with typical spreads ranging from $0.10 to $0.30 per contract for major options. Commissions: 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 IBKR GlobalTrader, Client Portal, IBKR Mobile, Trader Workstation (TWS), IBKR APIs, IBKR Event Trader, and IMPACT are different trading platforms and tools offered by Interactive Brokers (IB) to its clients.IBKR GlobalTrader is a web-based platform designed for trading and managing international accounts. It provides access to 125 global markets and 31 countries. It also allows clients to trade in multiple currencies and offers currency conversion at competitive rates.Client Portal is a web-based platform that enables clients to manage their accounts, view balances and positions, access research and news, and monitor trading activity. It also provides account management tools such as funding, withdrawals, and statements.IBKR Mobile is a mobile application that allows clients to manage their accounts, place trades, and access real-time market data. It is available for both iOS and Android devices.Trader Workstation (TWS) is a desktop trading platform that provides advanced trading tools, real-time market data, and research. It is designed for professional traders and investors who require advanced trading capabilities.IBKR APIs are a set of programming interfaces that allow clients to integrate their own software and applications with IB's trading systems. This enables clients to automate their trading strategies and access real-time market data.IMPACT (Interactive Brokers Market Place and Corporate Technology) is an online marketplace that offers a range of third-party applications and services to clients. These include trading tools, research, analytics, and other resources to enhance trading capabilities. Overall, IB offers a variety of trading platforms and tools that cater to the needs of different types of traders and investors. These platforms provide access to a wide range of markets and instruments, advanced trading tools, real-time market data, and research resources. Additionally, the IBKR APIs enable clients to customize and automate their trading strategies.Deposits & Withdrawals There are several major options for traders to deposit and withdraw funds from their accounts, including bank wire transfers, ACH, BPAY, EFT, online bill payment and more. Note that the availability of deposit and withdrawal methods may vary depending on your location and account type. Minimum deposit requirement The minimum deposit requirement for Interactive Brokers (IB) varies depending on the account type and the location of the account holder. For example, the minimum deposit for a US-based individual account is $0 for IBKR Lite and $0 for IBKR Pro, while for a non-US-based individual account, the minimum deposit is $0 for IBKR Lite and $10,000 for IBKR Pro. However, the minimum deposit for other account types, such as institutional accounts or margin accounts, may be higher. IB minimum deposit vs other brokersIBMost otherMinimum Deposit$0$/€/£100Education Interactive Brokers offers a variety of educational resources for traders, including webinars, courses, videos, and articles. The education section of their website includes topics such as trading basics, options trading, technical analysis, and trading strategies. They also offer a wide range of educational videos on their YouTube channel. In addition, Interactive Brokers offers a simulated trading account that allows traders to practice trading with virtual funds before risking real money. This is a useful tool for beginners who are learning to trade.Conclusion In conclusion, Interactive Brokers is a reputable and reliable broker that offers a wide range of investment products and trading platforms to its clients. The broker is known for its low commission rates and competitive pricing structure, making it a good choice for active traders and investors. IB also provides a high level of security and protection to its clients, through various measures such as SIPC and excess SIPC insurance, and two-factor authentication. The broker also offers educational resources, customer support, and a variety of account types to meet the needs of different traders. However, IB may not be the best fit for beginners due to its complex trading platforms and sophisticated tools. Overall, Interactive Brokers is a good choice for experienced traders and investors who are looking for a reliable broker with low commissions and a wide range of investment products.Frequently Asked Questions (FAQs)Q 1:Is IB regulated?A 1:Yes. It is regulated by ASIC, FCA, FSA, SFC, and CIRO.Q 2:Does IB offer industry-standard MT4 & MT5?A 2:No. Instead, it offers IBKR GlobalTrader (Mobile), Client Portal (Web), IBKR Desktop, IBKR Mobile, Trader Workstation (TWS) (Desktop), IBKR APIs (Desktop), IBKR ForecastTrader (Web), and IMPACT (Mobile).Q 3:What is the minimum deposit for IB?A 3:There is no minimum initial deposit with IB.Q 4:Is IB a good broker for beginners?A 4:No. Beginners may find IB's trading platforms are difficult to uderstand. It is more suitable for experienced traders.

Rating Index

How to login to IB?
IB Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register an IB Account Registering for an Interactive Brokers (IB) account is the first step to accessing its robust trading platform. The registration process is straightforwa

  

IB Forex Brokers - Complete Information Guide

  

1. Broker Overview

  Interactive Brokers LLC (IBKR), founded in 1978, is a leading global brokerage firm headquartered in Greenwich, Connecticut. The company operates as a publicly traded entity on the NASDAQ under the ticker symbol "IBKR." With a significant presence in the financial markets, Interactive Brokers primarily serves both retail and institutional clients, providing them with a comprehensive suite of trading services.

  Over the years, Interactive Brokers has established itself as a pioneer in the online brokerage space, being one of the first to adopt advanced trading technologies. The firm has continually evolved, introducing various platforms and services tailored to meet the needs of different trader segments.

  Key milestones in the company's history include its launch of the IBKR Lite service in 2019, which offers commission-free trading for casual investors, and the introduction of cryptocurrency trading in 2021. As a result, Interactive Brokers has expanded its client base significantly, now servicing over 2.75 million accounts globally.

  The business model of Interactive Brokers encompasses both retail forex trading and institutional services, making it a versatile choice for traders looking to access a wide array of financial markets. This extensive reach and innovative approach solidify Interactive Brokers' position as a leading IB broker in the industry.

  

2. Regulatory and Compliance Information

  Interactive Brokers is regulated by multiple authorities across various jurisdictions, ensuring compliance with stringent financial standards. The primary regulatory bodies overseeing Interactive Brokers include:

  • U.S. Securities and Exchange Commission (SEC)
  • Commodity Futures Trading Commission (CFTC)
  • Financial Conduct Authority (FCA) in the UK
  • Australian Securities and Investments Commission (ASIC)
  • Central Bank of Ireland (CBI)
  • Securities and Futures Commission (SFC) in Hong Kong

  Each regulatory body provides oversight to ensure that Interactive Brokers operates within the legal frameworks set forth for financial institutions. For instance, the SEC and CFTC regulate the trading of securities and commodities in the U.S., while the FCA oversees financial services in the UK.

  Interactive Brokers holds several regulatory licenses, with registration numbers specific to each authority. The firm's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is robust, ensuring that client identities are verified and monitored to prevent fraudulent activities.

  Client funds are maintained in segregated accounts, providing an additional layer of protection. Furthermore, Interactive Brokers participates in the Securities Investor Protection Corporation (SIPC), which protects customers up to $500,000, including a $250,000 limit for cash claims. This participation underscores the commitment of Interactive Brokers to safeguard client assets, making it a trustworthy IB broker.

  

3. Trading Products and Services

  Interactive Brokers offers a diverse range of trading products, catering to various investment strategies and preferences. The forex market is a significant focus for the firm, providing access to over 100 currency pairs, including major, minor, and exotic currencies. This extensive selection allows traders to engage in various trading strategies, from day trading to long-term investing.

  In addition to forex, Interactive Brokers provides a comprehensive suite of Contract for Difference (CFD) products, including:

  • Indices: Access to major global indices for diversified trading strategies.
  • Commodities: Trading options for precious metals, energy, and agricultural products.
  • Stocks: A vast selection of stocks from various global exchanges.
  • Cryptocurrencies: Trading options for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, introduced in 2021.

  The firm frequently updates its product offerings, ensuring clients have access to the latest trading instruments. The retail trading services are complemented by institutional client services, which include tailored solutions for hedge funds, financial advisors, and other large-scale investors. Additionally, Interactive Brokers offers white-label solutions for firms looking to provide trading services under their brand, further enhancing its role as a comprehensive IB broker.

  

4. Trading Platforms and Technology

  Interactive Brokers provides multiple trading platforms designed to cater to diverse trading styles and preferences. The flagship platform, Trader Workstation (TWS), is renowned for its advanced features, including:

  • Comprehensive Charting Tools: Advanced charting capabilities with numerous indicators and customizable layouts.
  • Risk Management Tools: Options analytics and risk assessment tools to help traders manage their portfolios effectively.
  • Direct Market Access: Allowing traders to execute orders directly on exchanges for improved execution speed.

  For those preferring a simpler interface, the IBKR Desktop platform offers a more user-friendly experience while still providing essential trading tools. Additionally, the Client Portal is a web-based platform that allows users to manage their accounts and execute trades without downloading software.

  Mobile trading is facilitated through the IBKR Mobile app, available on both iOS and Android. This app offers real-time data, advanced charting tools, and the ability to execute trades on the go. For traders interested in social and environmental governance (ESG) investing, the Impact app allows users to align their investments with their values.

  Interactive Brokers supports automated trading through its API, enabling developers and institutional clients to create custom trading solutions. The broker's technology infrastructure is robust, with servers strategically located to ensure low latency and reliable execution, making it a top choice for serious traders looking for a sophisticated IB broker.

  

5. Account Types and Trading Conditions

  Interactive Brokers offers a variety of account types to accommodate different trading needs. The standard account conditions include:

  • Minimum Deposit: $0 for IBKR Lite accounts, while IBKR Pro accounts typically recommend a minimum deposit of $10,000 for optimal trading conditions.
  • Spreads: Competitive spreads starting from 0.0005 for stocks and ETFs, with no commissions for IBKR Lite accounts on U.S. stocks and ETFs.
  • Options Trading Fees: A flat fee of $0.65 per contract for both IBKR Lite and Pro accounts.

  Advanced account types include professional accounts tailored for high-volume traders, which benefit from lower commission rates and enhanced trading tools. Additionally, Interactive Brokers offers specialized accounts such as Islamic accounts and corporate accounts, catering to a diverse clientele.

  The firm also provides a demo account policy, allowing potential clients to practice trading strategies without risking real money. Leverage ratios vary by product, with forex leverage typically ranging from 1:50 to 1:200, depending on the trader's experience and account type. The minimum trade size is flexible, accommodating both novice and experienced traders, while overnight fees are competitive and clearly outlined.

  

6. Fund Management

  Interactive Brokers supports multiple deposit methods, including bank wire transfers, ACH transfers, and checks. The minimum deposit requirements vary by account type, with standard accounts generally requiring a minimum of $10,000 for optimal trading conditions.

  Deposit processing times are typically swift, with most methods completed within one business day. There are no deposit fees for most methods, making it cost-effective for traders to fund their accounts.

  Withdrawal options are extensive, allowing clients to withdraw funds via bank transfers and checks. While the first withdrawal each month is free, subsequent withdrawals may incur fees. Processing times for withdrawals can vary, typically taking 1-3 business days, depending on the method used. The clear fee structure and efficient processing times enhance the overall client experience, reinforcing Interactive Brokers' reputation as a reliable IB broker.

  

7. Customer Support and Educational Resources

  Interactive Brokers offers a robust customer support system, providing assistance through various channels, including phone, email, and live chat. Support is available from 8 a.m. to 8 p.m. ET on weekdays, with additional hours for live chat on Sundays. The multilingual support team caters to a global clientele, ensuring assistance is accessible in various languages.

  The educational resources provided by Interactive Brokers are extensive, featuring the Trader's Academy, which offers courses for traders of all skill levels. Webinars, tutorials, and research reports are also available, helping clients enhance their trading skills and market knowledge. Daily market analysis and insights further support traders in making informed decisions.

  In addition to educational content, Interactive Brokers offers a suite of trading tools, including calculators and economic calendars, to assist clients in their trading activities. This commitment to education and support solidifies Interactive Brokers' position as a premier IB broker.

  

8. Regional Coverage and Restrictions

  Interactive Brokers operates in over 200 countries and territories, providing clients access to more than 150 global markets. The firm has regional offices in key financial centers, including the United States, the United Kingdom, Australia, and Hong Kong, ensuring comprehensive support and services across different time zones.

  However, there are certain countries where Interactive Brokers does not accept clients due to regulatory restrictions. These include countries like North Korea, Iran, and Sudan, among others. The firm continuously evaluates its operations and may adjust its service offerings based on changing regulations and market conditions.

  In summary, Interactive Brokers stands out as a leading IB broker with its extensive range of products, competitive pricing, and commitment to client education and support. Its global reach and advanced trading technology make it an attractive option for both retail and institutional traders.

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Latest Reviews

黑山老妖1

黑山老妖1

Hong Kong

I have been in this industry for almost 10 years. I have encountered various platforms over the years, each with its own advantages and disadvantages. However, for beginners, there is still a certain threshold in this industry. At least, that's what I think. First of all, you must have a basic understanding of this industry, including indicators, operations, and so on. Secondly, choose a suitable platform. These basic things are extremely important. The best and fastest way is to practice, get hands-on, learn while playing. Time is the best teacher. Speaking of which, since you have come this far, of course, you can imagine that I am currently using the IB platform. Let me share my experience. First of all, it is undeniable that IB has a good reputation, strength, and a relatively large and formal platform. The spreads are also relatively low, and there are some indicator tools that are beginner-friendly, without a doubt. However, there are also obvious disadvantages, such as slow withdrawal and meticulous review, which may make users feel troublesome. But behind the strictness is actually security and reliability, which I strongly believe in. My evaluation is normal.

37130

03-11

老李4458

老李4458

Hong Kong

According to the requirements, I submitted a lot of documents. They froze and closed my account on the grounds that my account was not compliant. I went to withdraw the remaining funds and confirmed the withdrawal over the phone. Until now, customer service, all consultation forms, and emails have not been replied to. It's really disappointing. This is how they treat us Chinese customers on such a big platform.

Exposure

2024-10-18

Ethan1454

Ethan1454

United Kingdom

My experiences with IBKR's customer service have been positive. They are efficient and helpful in resolving issues, which adds to my overall satisfaction with the broker.

Positive

2024-09-06

IB Forex Broker has an overall rating of 8.20, Regulatory Index 9.51, License Index 9.50, Business Index 9.35, Software Index 8.56 Risk Control Index 0.00.