Founded by Thomas Peterffy, Interactive Brokers Group, Inc. is a comprehensive financial group that has grown into one of the more successful securities firms with over $5 billion in consolidated equity assets over the past 41 years.
IB operates brokerage/trading operations in more than 125 markets worldwide. In the brokerage business, IBKR provides direct (online) execution and settlement services for a wide variety of electronic trading products for institutional and professional traders. These products include stocks, options, futures, forex, fixed income products and funds worldwide. Currently, IB and its affiliates execute more than 848,000 transactions per day.
Headquartered in Greenwich, Connecticut, IB employs more than 1,400 people in the United States, Switzerland, Canada, Hong Kong, the United Kingdom, Australia, Hungary, Russia, Japan, India, China (mainland) and Estonia. IB is regulated by the US SEC, Swiss FINRA, New York’s stocks trading bourse NYSE, UK FCA and other regulatory bodies around the world.
According to regulatory information, IB’s office in Hong Kong is at Room 1512, Pacific Place, 88 Queensway, Hong Kong. WikiFX paid a field visit to this place.
According to the address, WikiFX’s surveyors found Pacific Place, an office building in a busy commercial street and adjacent to the Queensway tube station, with an advantageous geographical location.
A directory sign inside the building implies that there are several landmark buildings such as the one of British Council’s in the vicinity.
The surveyors entered the building and took an elevator to the 15th Floor, where they were told from a directory sign that Room 1512 was IB’s office.
The surveyors walked in the direction of the arrow on the sign.
The logo of IB and reception-desk area came into surveyors’ view.
As the surveyors approached IB’s office, a clear company logo was impressively in the present. The reception staff greeted the surveyors warmly and showed them around the office. The surveyors were told that IB was again named the best Internet brokerage by Barron’s in 2018, and that serving IB represented a matter of pride. The office was estimated to have employed about 30 people.
Lower costs & higher returns: transparent and low commission and financing rates, support for better price execution, and higher interest payments to clients.
Advanced trading technology: possessing award-winning trading technology and more than 41 years of automated back-office processing to reduce transaction cost.
Financial strength and security: conservative balance sheets and automated risk control systems help protect clients from large trading losses.
Its Hong Kong SFC license (AEX264) shows status of anomaly; according to the regulator’s record this license has been deregistered.
The Australian ASIC license (245574) it holds is NOT of forex category, hence the suspicion of operating beyond authorization scope.
The US NFA license (0258600) it holds is of non-forex category (NFA-UNFX), hence the suspicion of operating beyond authorization scope.
The company is using non-MT4/5 trading software.
The actual address of IB was proved to be consistent with its regulatory address. IB holds two full licenses respectively from the Australia ASIC and the UK FCA, a retail forex license from the Japan FSA and a futures & forex license from the Hong Kong SFC. Albeit its multi-regulation status and a larger business scale, some of the company’s licence information suggests that its forex business may have exceeded the scope of authorization.
15-20 years | Regulated in United States | Regulated in China Hong Kong
China Hong Kong
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