Interactive Brokers targets active traders with low-cost trades, a high minimum ($10,000), fast trade execution and access to foreign markets. It's a favorite of day traders and financial experts, but the U.S. commodities regulator has fined the company nearly $1 million since 2012 for failing to properly manage customer funds and not complying with reporting rules.
A trading platform for professionals. Interactive Brokers isn't for the average investor but stands out among professionals for its low costs, trading options, plethora of tools and services and access to foreign markets. It's been knocked in recent years, however, by U.S. commodity regulator fines. Based in Greenwich, Connecticut, the company requires a steep minimum and is easily accessible to clients around the world (fees and other services are laid out for traders in different countries and regions).ProsLow trading costs, Sophisticated research and analysis tools, Access to more than 100 markets worldwideConsFined by U.S. commodities authorities, $10,000 minimum to open most accounts, Best for professional traders, not average investors