IBKR – legit or scam?

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This topic has 4 replies, 2 voices, and was last updated 1 month ago by Steve.

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February 18, 2025 at 13:18 #197394 Reply
Charlie
I keep getting adverts for Interactive Brokers on my YouTube and In stagram. They say they are cheaper than most brokerages. Can I trust them?

Charlie
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- February 19, 2025 at 12:01 #197471 Reply
  James Barra
  Moderator
  DayTrading.com Team
  Hi Charlie,
  
  Thanks for your message.
  
  We consider Interactive Brokers a legitimate broker. In fact, it earned a very high trust score of (4.5/5) during our latest tests for several reasons:
  - It’s highly regulated (FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM)
  - It’s traded on the NASDAQ (suggesting financial transparency with routine audits)
  - It’s been operational for over 40 years (great track record with over two million clients)
  Check out our Interactive Brokers review to see if it’s the right fit for your needs.
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- February 19, 2025 at 13:24 #197472 Reply
  Christian Harris
  Participant
  Now in its 48th year as a broker/dealer, Interactive Brokers is one of the premier securities firms, with over $16.6 billion in equity capital.
  
  So, no, it isn’t a scam.
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- February 20, 2025 at 07:39 #197480 Reply
  Charlie
  Fab news, cheers to you both
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- February 21, 2025 at 13:45 #197507 Reply
  Steve
  IBKR is without doubt legit. It has been one of the dominant names and faces in all my years in trading.
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