Home | Interactive Brokers U.K. Limited (2024)

FAQs

Is Interactive Brokers UK or US? ›

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme; products are only covered by the UK FSCS in limited circ*mstances.

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority.

Interactive Brokers is the recipient of many awards from well-reputed financial organizations, and its Trader Workstation is the most comprehensive free asset selection and management tool for serious investors. Comprehensive free educational resources. Suitable for individual, institutional and professional traders.

Interactive Brokers is headquartered in Greenwich, Connecticut and has 2,950+ employees in its offices in the USA, Canada, the United Kingdom, Ireland, Switzerland, Hungary, India, China (Hong Kong and Shanghai), Japan, Singapore, and Australia.

US Residents

Interactive Brokers generally verifies the names and addresses of its US-resident applicants electronically. If we are unable to verify your identity electronically, you will be asked to provide additional documents.

Note that Interactive Brokers LLC and its affiliates are owned by IBG LLC. In a recent interview, Thomas Peterffy, Founder and Chairman of the Board of Directors, shared his views on the current state of financial markets, including rising interest rates and their impact on Interactive Brokers.

(IB), headquartered in Greenwich, Connecticut, is an American multinational brokerage firm. It operates the largest electronic trading platform in the United States by number of daily average revenue trades - in 2023, it processed an average of 3 million trades per trading day.

There is no minimum deposit needed to open an ISA account although you must fund your account in GBP, as mandated by HMRC ISA rules, and there is a £3 monthly minimum charge. Our commissions are just £3/€3 per trade for UK and most European stocks, while US stocks start from just USD 0.005 per share.

Customer securities accounts at Interactive Brokers are protected up to $30 million (including up to $1 million for cash).

Is Interactive Brokers safe in FDIC? ›

Interactive Brokers LLC is a U.S. Broker/Dealer and not a Bank, as such Interactive Brokers' accounts are not eligible for FDIC coverage, but are insured through SIPC. For additional information about SIPC coverage please visit www.sipc.org.

Unlike a mutual fund investor, you continue to be the direct owner of the underlying securities that are held in your own brokerage account. Your assets are held in an Interactive Brokers LLC brokerage account in your own name.

Since IBKR is not a bank, we believe clients' assets would be returned in a more timely fashion than for bank- owned broker-dealers.

Interactive Brokers attracts active traders with low per-share pricing, an advanced trading platform, a large selection of tradable securities — including foreign stocks — and ridiculously low margin rates. Its base offering, IBKR Lite, offers commission-free trades of stocks and ETFs.

IBKR generates income in many ways, but its primary revenue stream is from commissions paid by traders on their trading. Although IBKR offers customers low commissions, the large volume of trading through its platform still generates substantial commission revenue.

It has operations in 34 countries and 27 currencies and has 2.6 million institutional and individual brokerage customers, with total customer equity of $426 billion as of December 31, 2023. Interactive Brokers Group, Inc. 1978, in New York City, U.S. Greenwich, Connecticut, U.S.

It is the UK's biggest flat-fee investment platform, with (as of 2022) £59 billion of assets under administration and over 400,000 customers. The company is based in Manchester, with offices in London and Leeds. Since 2022 it has been a subsidiary of UK-based investment company Abrdn.

Trading 212, a London-based fintech established in 2006, is a leading online stock broker in the UK, serving over 2 million customers. It's ideal for both beginners and experienced investors, offering a wide range of investment options including stocks, ETFs, forex, commodities, CFDs, and cryptocurrencies.

Can I buy US shares in the UK? Yes, you can buy US shares in the UK. You'll have to use a stockbroker – like us – to execute deals on your behalf. You'll need to open an investment account to get exposure to the stock market.