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Interactive Brokers Group LCC (IBG LLC) was established by Thomas Peterffy. Since its foundation IBG LLC has become one of the leading international brokers. Its equity capital exceeds $5 billion.
Headquarters of Interactive Brokers Group LCC are located in Greenwich (Connecticut, US). However, the company has its branches all over the world, including Russia, Switzerland, Great Britain, Japan, India, China, Canada, etc. IBG LLC and its subsidiaries carry out about one million transactions a day.
IBG LLC provides online trading services with favorable conditions. The company’s clients can take advantage of the wide range of instruments, including forex, options, bonds, shares and CFDs.
Today, IBG LLC has about one million investors and traders among its clients.
It has been seven months since I started trading at Interactive Brokers. My whole trading experience has been unpleasant and I did encounter any interruption while I am trading. The customer support team is also very unresponsive and they don't make sure to address every concern.
I have been trying to withdraw $6000 which I managed to make trading on the platform but till now, I have not been able to make my withdraw, they are full of errors and mistakes. I use to think that Interactive broker was the best broker out there for option trading, but in recent weeks, my views have changed considerably. In the last four weeks or so the platform has repeatedly shut down. They change close prices and made it invalid if my orders are profitable. his is a great way to mislead people. I've decided withdraw all my money and made a withdraw request of $5000 via Bank Wire but they still pending my withdraw request for more than 10 days now.
My Trading activity isn't good on the Workstation terminal with the Interactive broker. I have found some negative slippage or delay in execution. As I can't gain profit from my position and I have lost almost $328 without any issue in the market. Also, they have the worst payment system I ever have seen. So I say Interactive Brokers service isn't good for day traders in the market.
Overall, the experience at Interactive Brokers is decent. However, their services are still not perfect. For instance, just a week ago, my trading activities have been interrupted by the problem in their platform. There are times when this happens but I am glad that they try to fix it as soon as possible.
I heard about Interactive Brokers from my aunt. She was encouraging us to start trading as well. Since I am interested in financial investments, I asked her more about her experience. She said that her experience with this broker is the best she had. She said that the broker genuinely takes good care of their clients. I was tempted to open my own account as well but the minimum initial deposit is too high. I cannot afford it. If only they had a smaller account type.