https://www.interactivebrokers.com.hk/en/home.php
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ASIC Regulated
Australia Market Making(MM)
FCA Regulated
United Kingdom Market Making(MM)
FSA Regulated
Japan Retail Forex License
SFC Regulated
Hong Kong Futures & leveraged FX
SFC Revoked
Hong Kong Futures & leveraged FX
CIRO Regulated
Canada Market Making(MM)
ASIC Revoked
Australia Investment Advisory License
NFA Exceeded
United States Common fin.
Single Core
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+44 207-710-5695
+852 2156-7907
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Interactive Brokers Hong Kong Limited
IB
Hong Kong
Pyramid scheme complaint
Expose
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Capital
Higher than 93% Japanese brokers $12,403,101(USD)
IB Review Summary in 10 Points | |
Founded | 1978 |
Headquarters | Greenwich, Connecticut, United States |
Regulation | SASIC, FCA,FSA, SFC |
Market Instruments | stocks, options, futures, forex, bonds, ETFs, CFDs |
Demo Account | Available |
Leverage | 1:400 |
EUR/USD Spread | 0.1 pips |
Trading Platforms | IBKR GlobalTrader, Client Portal, IBKR Mobile, Trader Workstation (TWS), IBKR APIs, IBKR Event Trader, IMPACT |
Minimum deposit | $0 |
Customer Support | 24/7 phone, email, live chat |
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 stocks, options, futures, forex, bonds, and funds. Interactive Brokers is regulated by several financial authorities, including the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA), etc.
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, some potential downsides to consider include high minimum balance requirements and complex pricing structures that may not be suitable for all investors. It is also worth noting that customer support may not be as robust as some other brokers.
Overall, IB is a solid choice for experienced traders looking for a powerful trading platform with a range of options for investing in the financial markets.
Here is a table outlining the pros and cons of Interactive Brokers (IB):
Pros | Cons |
• Wide range of trading instruments | • Complex platform and steep learning curve |
• Advanced trading platform with many features | • Monthly inactivity fee if account balance is below $100,000 |
• Low trading fees and commissions | • High minimum deposit requirements for some account types |
• Access to international markets and exchanges | • Limited research and educational resources |
• Multiple account types to choose from | • Customer service can be slow and unresponsive |
• Strong regulatory oversight and safety of client funds | • No fixed spread available |
Note: This table is based on general observations and may not represent the experience of every individual user.
Some popular alternative brokers to Interactive Brokers (IB) include:
It's important to note that each broker has its own strengths and weaknesses, and it's important to do your research and choose the one that best fits your trading needs and preferences.
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 the SEC in the United States and the FCA in the UK. 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, not a scam.
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 Measure | Detail |
Regulatory Oversight | SEC, FCA, CBI, SFC, ASIC |
Account Protection | SIPC protection (up to $500,000) and additional third-party insurance coverage (up to $30 million). |
Two-Factor Authentication | adding an extra layer of security to their accounts |
Secure Login System | a proprietary security measure that requires users to have a security device to log in to their accounts. |
Privacy Policy | outlines how it collects and uses customer data. |
Secure Website | uses SSL encryption on its website to protect user data and prevent unauthorized access. |
Cybersecurity Measures | firewalls, 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.
Based on the information provided, Interactive Brokers appears to be 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. It also offers a wide range of trading instruments and a variety of trading platforms to choose from.
However, some of the drawbacks include a higher minimum deposit requirement compared to some other brokers and a less user-friendly trading platform for beginners. Overall, IB seems to be a solid choice for experienced traders looking for advanced trading tools and access to a wide range of markets.
IB offers a wide range of trading instruments across multiple asset classes, including:
Interactive Brokers (IB) offers various types of accounts for different trading needs, including individual, joint, corporate, and trust accounts. The following is a brief overview of the main IB account types:
Each account type has its own requirements and features, so it's important to review them carefully and choose the one that best suits your trading needs.
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.
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.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
IB | 0.1 pips | variable |
TD Ameritrade | 0.9 pips | $0 |
E*TRADE | 1.0 pips | $0 |
Charles Schwab | 1.2 pips | $0 |
Robinhood | 1.3 pips | $0 |
Fidelity | 1.6 pips | $0 |
Note that the spreads and commissions listed above are subject to change and may vary depending on market conditions and account type. It's important to do your own research and compare different brokers before making a decision.
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.
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.
Broker | Trading Platform | Desktop | Web | Mobile |
IB | IBKR GlobalTrader, Trader Workstation (TWS), etc | Yes | Yes | Yes |
TD Ameritrade | Thinkorswim | Yes | Yes | Yes |
E*TRADE | E*TRADE Pro | Yes | No | Yes |
Charles Schwab | StreetSmart Edge | Yes | Yes | Yes |
Robinhood | Robinhood Web, Robinhood App | No | Yes | Yes |
Fidelity | Active Trader Pro | Yes | No | Yes |
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.
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.
It's important to note that while there may be no minimum deposit requirement, there may be other fees associated with maintaining an account, such as inactivity fees or market data fees.
IB | Most other | |
Minimum Deposit | $0 | $/€/£100 |
To withdraw funds from an Interactive Brokers (IB) account, you can follow these steps:
Step 1: Log in to your account on the IB website.
Step 2: Click on the “Transfer & Pay” menu and select “Transfer Funds”.
Step 3: Select the account you want to withdraw funds from and the destination account.
Step 4: Enter the amount you want to withdraw and select the currency.
Step 5: Choose the withdrawal method you prefer and follow the instructions provided.
Step 6: Confirm the details of the withdrawal and submit the request.
The withdrawal methods available may vary depending on your location and account type. Keep in mind that withdrawal requests may take a few business days to process, and additional fees may apply depending on the method chosen.
IB charges a variety of fees to its clients, including account fees, and market data fees. Account fees include a monthly activity fee of $10, which is charged to clients who do not generate a minimum monthly commission of $10 in trades or who do not maintain a minimum account balance of $100,000. There are also fees for certain types of account transfers and for paper statements.
Market data fees are charged by exchanges and other data providers for real-time and delayed market data. IB offers a variety of market data packages to suit different trading needs, with fees ranging from free to several hundred dollars per month depending on the package and the markets covered.
Overall, while IB's fee structure may seem complex at first, it is generally transparent and competitive compared to other brokers. Clients can use IB's fee calculator tool on its website to estimate their total trading costs.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Interactive Brokers | None, but may be subject to a fee by the funding bank | First withdrawal each month is free, subsequent withdrawals have varying fees | $10 per month if account balance is less than $100,000 |
TD Ameritrade | $0 | $0 | $0 |
E*TRADE | $0 | $0 | $0 |
Charles Schwab | $0 | $0 | $0 |
Robinhood | $0 | $0 | $0 |
Fidelity | $0 | $0 | $0 |
Interactive Brokers (IB) provides customer service to its clients through various channels, including phone, email, live chat, and a knowledge base. Here is some information about IB's customer service:
You can also follow IB on some social networks such as Facebook, Instagram, LinkedIn, Twitter and YouTube.
Overall, IB's customer service is well-regarded by clients and industry experts. The company's 24/7 phone support and live chat options are particularly appreciated by clients who need immediate assistance.
Pros | Cons |
• 24/7 customer support through phone, email, and live chat | • Customer service can be slow and unresponsive at times |
• Multilingual support available | • No branch offices for in-person support |
• Knowledgeable representatives with trading expertise | |
• Online help center with extensive resources and FAQs |
Note: These pros and cons are subjective and may vary depending on the individual's experience with IB's customer service.
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.
Overall, Interactive Brokers provides a comprehensive range of educational resources for traders of all skill levels.
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. Additionally, the broker's account minimums and inactivity fees may not be suitable for all traders.
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.
Q 1: | Is IB regulated? |
A 1: | Yes. It is regulated by SASIC, FCA,FSA, and SFC. |
Q 2: | Does IB offer industry-standard MT4 & MT5? |
A 2: | No. Instead, it offers IBKR GlobalTrader, Client Portal, IBKR Mobile, Trader Workstation (TWS), IBKR APIs, IBKR Event Trader, and IMPACT. |
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: | Yes. IB is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. |
Interactive Brokers opens a new office in Dubai DIFC, offering advanced global trading platforms to investors in the Middle East, and enhancing access to international financial markets.
Interactive Brokers adds new derivatives from Cboe Australia and CME Group, enhancing investment options for traders to diversify portfolios and manage risk.
Interactive Brokers introduces BookTrader, a tool offering real-time data, advanced order management, and customizable features to optimize trading performance.
Interactive Brokers continues to enhance the range of investment instruments available to its global clientele. The firm has recently broadened its offerings on the Hong Kong Exchanges and Clearing Limited (HKEX), allowing investors to tap into a wider variety of products across key markets.
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