How safe is Interactive Brokers to trade with?
When I think about trading safety, one of the first factors I consider is whether the broker is regulated and by which authorities. Interactive Brokers (IB) is regulated by several leading bodies such as ASIC, FCA, and SFC, which significantly enhances my confidence in their reliability and safety. This regulation ensures that IB adheres to the highest standards of financial protection, including maintaining capital adequacy and segregating clients' funds. Additionally, IB has a long track record of stability, being in the business since 1978. From my experience, trading with a regulated broker like IB ensures that my funds are protected by reputable authorities. Moreover, IB has a robust security system, including two-factor authentication, which adds another layer of protection to my account. Overall, IB's combination of regulation, industry experience, and security measures makes me feel safe trading with them.