Interactive Brokers Scam Test

Interactive Brokers Scam Test

Interactive Brokers Scam Test

Welcome to the interesting world of online trading! We know that you don’t have enough time to check every broker in the industry, so we do the work for you. In this analysis, you can read the results of a scam test we did on Interactive Brokers.

It is one of the longest lasting brokers in the trading industry – they have been operating since 1977. In more than 40 years, they have acquired many loyal clients who seem to be very satisfied with their work. But is the security up to par after all this time? Is there an Interactive Brokers scam you need to worry about? Read on and find out!

Is Interactive Brokers Regulated?

The most crucial element of safety in trading is regulation. A regulated broker is the only broker that you can completely trust.

Interactive Brokers is regulated by multiple bodies from several different countries, so we’ll name just the most important ones here. As we mentioned in our Interactive Brokers Review 2018, there is the Securities and Exchange Commission (the main regulatory body of United States) license, and the fact that this broker can do business in the States also speak for itself. Very few companies in the world are allowed to do that and this accomplishment is extremely impressive. Furthermore, the company is regulated in UK, Japan, Australia, Canada and several other countries, so you can be absolutely sure they are legit. This has literally been confirmed all over the world.

As you can see, IB is perfectly safe when it comes to the legal aspect of trading – no Interactive Brokers scam here, that’s for sure. Now let’s check out how they protect your data and your money!

Interactive Brokers Regulation

Interactive Brokers Regulation

Are your data and money safe?

Regulation means that a broker complies with certain laws. But that hackers don’t really care for that, now do they? That’s why a broker’s website has to be well protected, especially when money transfers are the name of the game. You don’t want any intrusions here.

Luckily, there’s no way this will happen if you trade with Interactive Brokers. So, how do they really protect your data? Well, IB uses TLS 128-bit or higher encryption, meaning that the connection with their server is completely secured. They also have an automated monitoring system whic guarantees that only strong algorithms are used for encryption.

As for the money, clients’ money is held in a special bank or custody accounts. As for the very transactions – deposit and withdrawal – we tested out both of those processes and used as many payment methods as possible. Not a trace of an Interactive Brokers scam. This is definitely a company whose reputation is well deserved.

Interactive Brokers Home Page

Interactive Brokers Home Page

Interactive Brokers Scam Test – Conclusion

In the conclusion of our Is Interactive Brokers Scam Test, we can only say that they are a serious and professional company worthy of your trust. They do indeed take care of their clients’ money and they protect every shred of data very carefully. Besides that, they are regulated by various agencies all over the world.

If you’re looking for a broker to trade with, you definitely cannot go wrong with IB. They will provide you with a very safe trading environment, which is all one could hope for, really. Go ahead and open an account here. You’ll be trading with a forex legend!

Recommended reading

Author's overall rating:
Author: Ben Prescott
Updated:

RISK DISCLAIMER
BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of BinaryOptionsTrading-Review.com as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. BinaryOptionsTrading-Review.com doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, BinaryOptionsTrading-Review.com has financial relationships with some of the products and services mentioned on this website. BinaryOptionsTrading-Review.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.
Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.