Interactive Brokers Group, Inc. (NASDAQ GS:IBKR) was awarded top honors in Barron’s 19 th 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 row 1.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.”