What is Interactive Brokers?

Interactive Brokers, a great choice for sophisticated traders, participates in more than 150 global markets. The firm’s broker-dealer agency business, IBKR, offers online trade execution and clearing services to institutional and professional investors and executes more than 2 million trades per day.

What is an online broker and why do I need one?

Often called discount brokers, online brokers are typically less expensive and allow you to buy or sell stocks and other investments directly through their websites or trading platforms. Many online brokers now charge no commission to buy or sell stocks and other investments. What does a broker do and why do I need one?

What does a brokerage company do?

A brokerage company primarily acts as a middleman, connecting buyers and sellers to facilitate a transaction. Full-service brokerage companies are compensated via a flat annual fee or fees per transaction. Online brokers offer a set amount of free stock trading but charge fees for other services.

What are brokerage fees?

Brokerage fees are charges that come from full-service brokers or discount or online brokerages for their financial activities to grow and maintain your account. Regardless if you're an active or passive investor, you should be aware of broker account expenses. Here is your guide to help you take control of fee management: Types of brokerage fees.