Interactive Brokers Group, Inc. (NASDAQ GS:IBKR) was awarded top honors
in Barron’s 19th annual ranking of Best Online
Brokers, rated number one for the third year in a row.
Also ranked highly in the 2014 review was introducing broker, Place
Trade. Ranked as the number three online broker by Barron’s for a
second consecutive year, Place Trade licenses Interactive Brokers
trading, execution and clearing technology, while providing its own
full-broker services for its clients. Barron’s notes that
“Interactive Brokers’ suite of tools for registered investment advisors
allows firms like Place Trade to use the technology while wrapping it in
a different level of service.” As a provider of fully disclosed and
non-disclosed broker accounts, Interactive Brokers (IB) provides
correspondent clearing services to 200 introducing brokers worldwide.
In the 2014 review, Barron’s compared 20 online brokers,
evaluating participants from the viewpoint of the wealthy, active trader
across eight categories of service including Trading Experience &
Technology, Usability, Mobile, Range of Offerings, Research Amenities,
Portfolio Analysis & Reports, Customer Service & Education, and Costs.
IB ranked above all of the competition for a third consecutive year,
providing “extremely competitive pricing, and the lowest margin fees of
any broker in our survey,” according to Barron’s. Interactive
Brokers has been rated Low Cost Broker by Barron’s for 10 years
in a row1.
In addition to taking the number one spot overall this year, IB received
top marks in a number of sub-categories, including “Best for Options
Traders”, “Best for Frequent Traders” and “Best for International
Traders” by Barron’s.
Thomas Peterffy, chairman, founder and CEO of Interactive Brokers Group,
is pleased with the results of this year’s review. “We continue to focus
on building robust trading technology.” said Peterffy, “IB is committed
to providing superior execution quality, breadth of product offering and
access to global markets at the lowest possible cost.”
For more information about IB’s award-winning trading platform, please
visit interactivebrokers.com.
About Interactive Brokers Group, Inc.: Interactive Brokers Group,
Inc., together with its subsidiaries, is an automated global electronic
broker that specializes in catering to financial professionals by
offering state-of-the-art trading technology, superior execution
capabilities, worldwide electronic access, and sophisticated risk
management tools at exceptionally low costs. The brokerage trading
platform utilizes the same innovative technology as the Company's market
making business, which specializes in routing orders and executing and
processing trades in securities, futures, foreign exchange instruments,
bonds and funds on more than 100 electronic exchanges and trading venues
around the world. As a market maker, we provide liquidity at these
marketplaces and, as a broker, we provide professional traders and
investors with electronic access to stocks, options, futures, forex,
bonds and mutual funds from a single IB Universal Account. Employing
proprietary software on a global communications network, Interactive
Brokers is continuously integrating its software with a growing number
of exchanges and trading venues into one automatically functioning,
computerized platform that requires minimal human intervention.
1 Low Cost Rated by Barron's 10 Years Straight - Low cost
broker 2005 through 2013 according to Barron's online broker review.
2005 - 5 Stars, 2006 - 5 Stars, 2007 - 4.8 Stars, 2008 - 4.5 Stars, 2009
- 4.5 Stars, 2010 - 4.2 stars, 2011 - 4.5 stars, 2012 - 4.3 stars. 2013
- 4.3 stars. When All Screens Lead to the Bull - March 17, 2014,
Barron's ranked Interactive Brokers with a 4.5 star rating for cost.
Criteria included Trade Experience and Technology, Usability, Mobile,
Range of Offerings, Research Amenities, Portfolio Analysis & Report,
Customer Service & Education, and Costs.
Copyright Business Wire 2014