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Interactive Brokers Assets Under Management (AUM)
2023 IBKR assets under management (custody). Interactive Brokers AUM: client assets and
number of customers (user accounts)
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Interactive Brokers Assets Under Management
Are you interested in the financial strength of Interactive Brokers? We’ve done all the research for you, and
the answers may surprise you. Read below.
Interactive Brokers AUM
Interactive Brokers is a mid-size broker by AUM.
However, it is extremely small when comparing total assets under management to
Charles Schwab, who has
7.58 trillion in AUM and over 34.1 million customers.
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Interactive Brokers Number of Customers
Interactive Brokers has about 2.13 million customers. This number
is 23% higher than the prior year.
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Interactive Brokers Overview
With the large number of brokers available to retail traders and investors, the decision on which broker to choose can be very
daunting. However, if clients are looking to go with a more professionally focused broker, who spends millions on offering the
most sophisticated services to its clients, then Interactive Brokers is a broker to consider.
With lots of built in security, and some of the best trading platforms available, traders and investors will be able to trade multiple
investment products across multiple markets with a fee structure that will definitely save money.
Keep in mind that the level of support available is not as high as from other brokers offered by retail banks. Potential
clients should have some understanding of how the stock market works. Interactive Brokers will do exactly what you tell it to
do in the markets, which may not be a great thing if you meant to do one thing but told the system to do another.
However, one thing that does catch many clients of Interactive Brokers off guard is a number of the hidden fees at IB that can add up.
Huge Market Access
Trading does not need to be limited to the U.S. In fact, for many traders, investors, and institutions based in the U.S. having access to markets around the world to trade is a huge advantage.
Interactive Brokers can provide a trader with the ability to trade in over 100 markets around the world, all within one single account. For example, if a U.S. investor wants to buy a resource-based stock in Canada then Interactive Brokers will allow the investor to do that, and at the best price possible.
Smart Routing Technology
Many brokers are not focused on price execution – the price that a stock or option contract is bought and sold at. Traders simply get the bid price no matter what. As a way to differentiate themselves from the pack, Interactive Brokers has invested in technology that provides clients with access to instantly execute buy or sell orders at the best price available.
Called SmartRouting, the technology has logic within its trading engine that looks for the best prices available when an order is placed and purchases at that price. This can mean that traders can see improvements in what is paid per share when compared to the bid/offer price. Over time, these savings can add up.
Low Cost
Even with all the above features, it is still critical that active traders choose a broker with the
lowest fees and commissions. Clients of Interactive Brokers can choose from either
PRO or Lite
commission structure.
Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 23 years, and has background in both applied math and programming.
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