Online broker services are platforms that enables people to purchase and own different properties. Individuals can use their money to buy different resources or possessions through online brokers platform.
It’s no longer in the past, when buying an asset requires people to pass through middle men or agents.
Today, purchasing wealth (investments) can be done by ourselves without the help of professional agents.
These platforms connect buyers with investors, making it easy to trade properties online.
The primary work of online brokers is to carryout trade. It’s helps a buyer who wants to own an asset or landed property find a suitable seller.
Additionally, these platforms keeps proper records of how much a trader has and the investments they own.
Some of these online brokers platforms have different investments for trading. It could be stocks or bonds. Having stocks is like having a share or owning part of a company. While bonds allows traders to lend money to the government or a company that promises to pay back with interest.
Furthermore, people use these platforms to trade futures. They make contracts based on the future price of oil, gold or metal. It could also be any other valuable goods that may increase in demand in the future.
Moreover, people can buy properties in many parts of the world in various currencies through online brokers platforms.
Online brokers platform are famous because they’re quite easy to access and use. Investors can create an account, transfer funds to the account and start purchasing properties, as long as they’re in the supported location.
However, the cost of trading on these platforms is low. Compared to when a professional agents handles your investments, the fees are often much higher.
With online brokers, people don’t have to wait for anyone to help them connect to the right buyer or seller. These platforms already has a global marketplace that covers the list of sellers who’re looking for potential buyers. Aside making investments, investors can save money and invest in futures trades.
What is Interactive Brokers?
Interactive Brokers is a huge online investment platform. It offers trading in bonds, futures, stocks, options, currencies and funds to traders.
Interactive Brokers is a trusted company. It can be used by professional and individual investors.
How Interactive Brokers Work
Below is an explanation on how to use Interactive Brokers.
- Go to the Interactive Brokers sites and click on account. Choose the type of account you prefer. There’s joint, cooperate, individual account and properly more.
- Fill in your personal details, trading experience and financial information.
- Upload copies of your personal information, home address and a recognized government ID for verification. Wait for few days for your account to be approved.
- After approval, add funds into your account to enable you start trading.
- Next, download the Trades Workstation (TWS). It’s a tool for trading different assets.
Through TWS, traders can:
- Buy stocks
- Lend money to the government or companies (Bond).
- Exchange currencies ( Forex)
- Trade futures and more.
- It also connects investors to all Interactive Brokers available countries.
- It provide many investment options, account type and pricing.
- It offers different trading tools and good security measures.
List of Interactive Brokers Supported Countries
The top and popular Interactive Brokers available countries are United States, Canada, United Kingdom, Australia and more. Below are the full list Interactive Brokers supported countries:
- North and South America: United States, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Peru, Uruguay, Panama, Costa Rica, El Salvador, Honduras, Guatemala, Bahamas, Barbados, Jamaica, Dominican Republic and Puerto Rico.
- Europe: United Kingdom, Ireland, Germany, France, Switzerland, Spain, Italy, Sweden, Norway, Denmark, Finland, Belgium, Netherlands, Poland, Portugal, Austria, Russia, Ukraine, Greece, Czech Republic, Hungary, Romania, Bulgaria and Croatia.
- Asia: China, India, Japan, Singapore, Hong Kong, Taiwan, United Arab Emirates, Saudi Arabia, Israel, Turkey, Thailand, Vietnam, Malaysia, Indonesia, Philippines, South Korea, Pakistan, Qatar, Kuwait, Jordan and Lebanon.
- Africa: South Africa, Egypt, Morocco, Kenya, Ghana, Zambia, Tunisia, Tanzania, Angola, Botswana, Mauritius and Seychelles.
- Oceania: Australia, New Zealand, Fiji, Papua New Guinea, Solomon Islands and Vanuatu.
List of Interactive Brokers Supported States in the USA
Traders and investors can use Interactive Brokers in any U.S. states.
This platform operates in any U.S. financial system. It’s fully licensed and registered under the United States broker-dealer.
Therefore, residents that could provide all the basic account opening requirements, including tax details can successfully register and use this platform.
Interactive Brokers Alternatives
- Derigo
- Charles Schwab
- eToro
- Webull
- Tastytrade
- Fidelity
- TradeStation
Conclusion
Interactive Brokers is a legal and well-known platform for traders and investors. This platform is for people who trade a lot and want low fees.
Investors in Interactive Brokers supported countries can buy stocks, bonds, trade futures and Forex, including many other assets all around the world.
However, new investors could find it challenging to use this platform for trading.
Moreover, beginners may find suitable alternative broker platforms that is easier to understand and use.
Nevertheless, Interactive Brokers is for professional investors and traders who’re looking for advanced trading features.