Our Clearing Firm: Interactive Brokers

For 34 years the IB Group1 has been building electronic access trading technology that delivers real advantages to professionals worldwide. With consolidated equity capital of over US $4 billion, IB and its affiliates exceed 1,000,000 trades per day.

Through our clearing arrangement with Interactive Brokers, Place Trade Financial is able to offer clients electronic access to stocks, options, bonds and funds on over 90 market centers in 19 countries from one account with a firm that maintains a global presence with offices in the US, Switzerland, Canada, UK, Australia, Hungary, Russia, India, China and Estonia.

Place Trade Financial uses Interactive Brokers (IB) as our clearing firm to help ensure that costs stay low and interactions are completed efficiently.  Our clients enjoy how easy the integrated approach makes it to trade global products on multiple exchanges and assets denominated in multiple currencies all from a single account.

As our clearing firm, IB plays an integral role in allowing Place Trade to offer our clients the absolute best executions, price improvement, advanced trading tools, access to global exchanges and some of the lowest trading costs in the industry.  As our clearing firm assists in processing your trades and clearing your account; you may from time to time receive messages from IB or see their name or email address on our website, in illustrations or even on correspondence to you.  

In some cases, such as if you forget your password; you may need to speak directly to someone at IB to make changes on your account. In such cases, IB is looking out for your best interest and assuring that you and only you are attempting to access your account.  Consider it an extra layer of protection rather than a hassle.  

Whenever possible you should contact Place Trade first so that we may address any issues that you may have and forward them to IB for further handling if necessary.  IB is a separate entity from Place Trade and we are here to help you in any way that we can!