GREENWICH, Conn., March 7 /PRNewswire/
IB also was the only broker to score a perfect 5.0 rating in the trading “costs” category due to its low execution and clearing costs worldwide. No other broker achieved a 5.0 rating in the eight categories reviewed by Barron's for both software-based and browser-based brokerage rankings.
“For the frequent traders who use software-based brokers, costs are even more important," Barron's wrote. "The only 'five' in this category was earned by Interactive Brokers, which has rock-bottom fees and no platform charges.”
A unit of the Interactive Brokers Group that pioneered trading technology for three decades, IB offers Universal Direct-Access Trading and sophisticated trade management tools at highly competitive costs to professional traders and investors worldwide. IB is the gateway to trading a broad array of financial instruments -- stocks, options, futures, corporate bonds as well as forex -- on over 50 exchanges and marketplaces in 14 countries.
“We provide the platform and design the tools that people need to achieve best execution in any class of financial instruments they choose on all major markets around the world,” said IBG Chairman Thomas Peterffy. “We are honored to have achieved the top ranking in Barron's. We'll continue to broaden the breadth of our global offering.”
IB is the first broker to provide direct-access forex trading with interbank quality spreads, institutional size and no conflict of interest. Unlike other FX dealers that trade against the customer, IB evaluates multiple major bank dealers and routes its customers' orders straight to the dealer with the best price.
In recent months, IB also added a number of products and features, including:
Source: Interactive Brokers LLC
Barron's subscribers may click here to read the article.
The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy click here.
Your capital is at risk and your losses may exceed the value of your original investment.
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.
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 circumstances.
Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.
For a list of IBG memberships worldwide, click here.