Stefano
Sat Oct 12 2024
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6 answers
1763
Is Interactive Brokers LLC a bank?
Interactive Brokers LLC is an online discount brokerage firm based in the United States. It provides trading execution and clearing services for a wide range of electronic trading products to institutions and professional traders. The company is regulated by various authorities including the SEC and FINRA, and is a member of SIPC, providing protection to its clients. However, Interactive Brokers LLC is not a bank, but rather a brokerage firm specializing in online trading services.
CryptoVisionary
Sat Oct 12 2024
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6 answers
1326
Is Interactive Brokers LLC regulated?
Interactive Brokers LLC is a brokerage firm that operates in multiple markets worldwide. The company is regulated by various financial authorities, including the Financial Industry Regulatory Authority (FINRA) in the US, and has agreed to pay fines in the past for regulatory violations such as inadequate anti-money laundering procedures. Additionally, Interactive Brokers has subsidiaries in different countries, each subject to the regulatory oversight of the respective local financial authorities.
ethan_lewis_journalist
Sat Oct 12 2024
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6 answers
1462
Is Interactive Brokers LLC legit?
Interactive Brokers LLC, headquartered in the US, is a globally recognized online discount brokerage firm. It is listed on NASDAQ and regulated by multiple authorities including the SEC and FINRA. With offices in several countries and a track record of over 40 years, it provides services like stock trading, forex, and other financial instruments. However, it has faced regulatory actions in the past, which are publicly available.
