|GREENWICH, Conn. - Thursday, March 20th 2014 [ME NewsWire]|
(BUSINESS WIRE)-- 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.
Caitlin Duffy, 203-913-1369