de | cn | ru

Brokers News

Interactive Brokers Post 167% Jump in Net Profits in Q1'2014

Interactive Brokers, one of the biggest US Forex brokers, has just reported its financial metrics for the first quarter of 2014, with the shareholders in the group having a reason to rejoice as net profits grew steeply and a generous dividend was declared. 


In the three months to the end of March 2014, the net profits at Interactive Brokers amounted to $201.2 million, up by massive 167.2% against the $75.3 million recorded in the same period in 2013. Pre-tax profits were also solid, reaching $218 million and marking a growth of 165% against the corresponding period in 2013. Net revenues surged 64% year-on-year to $354.9 million. The robust set of metrics was a particularly good piece of news for the broker, which saw a raft of dismal results for 2013, due to one-off events. If the broker continues with this solid performance, the annual results for 2014 will definitely be ahead of those for 2013.


But you must be getting curious about the fortunes of various segments under Interactive Brokers' helm. Well, the first quarter saw the market making business of the group show solid results too, while the strong performance of the electronic brokerage segment continued. You may recall that despite the subdued performance of Interactive Brokers in 2013, the electronic brokerage held up well. And this trend kept developing in the first three months of 2014. The Electronic Brokerage segment saw pre-tax income rise by 21% year-on-year, to $134 million in the first quarter of this year. 


The electronic brokerage business posted some remarkable operating metrics too, with total daily average revenue trades (DARTs) growing by 25% on the year to 582,000. The number of client accounts increased by 16% to 252,000 from the year-ago quarter, while customer equity jumped 38% to massive $49 billion. 


Meanwhile, the broker continues to beef up its offering: it has just launched a Volatility lab and has secured direct access to IEX, the electronic trading venue, to its customers. The TWS multi-asset trading platform undergoes frequent updates, amid the latest ones we can see easier account management. And, while we are discussing this topic, you must recall that early in March Interactive Brokers announced partnership with MultiCharts to provide the exquisite charting capabilities of the platform on TWS. As usual, plenty of efforts are at the basis of solid metrics – and that's fair.


You can read the full press release here.



About Interactive Brokers Group, Inc.


Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic broker that specializes in catering to financial professionals by offering state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and sophisticated risk management tools at exceptionally low costs. The brokerage trading platform utilizes the same innovative technology as the Company's market making business, which executes and processes trades in securities, futures and foreign exchange instruments on more than 100 electronic exchanges and trading venues around the world. As a market maker, we provide liquidity at these marketplaces and, as a broker, we provide professional traders and investors with electronic access to stocks, options, futures, forex, bonds and mutual funds from a single IB Universal AccountSM.


TAGS: interactive brokers  interactive brokers forex  first quarter  us forex broker  2014  corporate performance  forex trades  forex business  forex accounts  forex trades  q1  revenues  profits  performance  results  2014  q1 2014  electronic brokerage 

More news about Interactive Brokers

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
$100 Review Website

More Forex Brokers News

Trip For Pip: FBS To Launch A Quest Game For A Trip To London, Tokyo, Or Dubai

Oct 29 2019 14:09:54

FBS broker starts its new marketing campaign, and it has already attracted many eyeballs on social media. The promotion is called “Trip for Pip,” and it is very engaging for several reasons:    a) it’s playable;  b) it features a dream trip for two as the main prize. Read more

HYCM tops the list of brokers with highest percentage of winning clients

Oct 23 2019 12:12:59

The importance of choosing a reliable broker is paramount to trading. Most traders have given a serious thought to the security of their investments and these concerns are increasingly common in this highly competitive market. Read more

FXCM expands its crypto offering with CryptoMajor baskets

Oct 14 2019 14:49:01

  Major forex broker FXCM Group enhances its CFD offering with the launch of CryptoMajor- cryptocurrency baskets, which will allow its clients to trade in to multiple digital assets in one go. Read more

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

de | cn | ru