Is Interactive Brokers available in Canada?
- Asked By
- Updated On:02-Dec-2022
- Replies:1
Short Answer
Yes, Interactive Brokers is available in Canada. It offers a wide variety of investment products, including stocks, bonds, options, futures, currency, etc., making it one of the best options for trading and investing.
Detailed Answer
What is Interactive Brokers ?
Interactive Brokers is one of the largest American brokerage firms in the world and is best known for providing traders with access to international markets. In addition to offering superior trading platforms, affordable trading fees, and a variety of securities, Interactive Brokers operates more than 24 offices in 14 different countries and serves more than 1.3 million brokerage accounts.
Who can Invest through Interactive brokers?
Investors in 218 countries and territories can access Interactive Brokers, which offers access to 135 exchanges in 33 countries and the ability to fund and trade accounts in 23 different currencies.
Is Interactive Brokers available in Canada?
Yes, Interactive Brokers are available in Canada and has been available to Canadians since 2000. Canadians have access to IBKR through Interactive Brokers Canada Inc., a subsidiary of the Interactive Brokers Group.
The trading platform for Interactive Brokers Canada is accessible on a variety of platforms, including desktop and mobile.
Interactive Brokers Canada Trading Platforms
There are mainly two platforms available for Canadians.
- Web application : Any device with a web browser can access this portal.
- IBKR Mobile App : Available for both Android devices and iOS.
However, IBKR APIs are also available for those who wish to build customized trading platforms.
Pros of Interactive Brokers Canada
- Low commissions and account fees.
- Multiple platforms for trading and investing.
- Numerous tradable products (stocks, bonds, options, futures, currency, etc.)
Cons of Interactive Brokers Canada
- Both mobile and web platforms are difficult to understand
- Commission Structure is a bit confusing for new investors
Is Interactive Brokers Canada Safe?
Yes, Interactive Brokers is a safe choice in Canada. Its regulation is carried out by the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).
Interactive Brokers available in Canada
Interactive Brokers is available in Canada. It offers a wide range of investment products such as stocks, bonds, options, futures, currency, etc., and is a regulated and secure option for Canadian investors.
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Discussion (0)
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