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Order Types and Algos. Comprehensive Reporting. Real-time trade confirmations, margin details, transaction cost analysis, sophisticated portfolio analysis and more. When placing your money with a broker, you need to make sure your broker is secure and can endure through good and bad times. Our strong capital position, conservative balance sheet and automated risk controls are designed to protect IBKR and our clients from large trading losses.

For additional information view our Investors Relations - Earnings Release section by clicking here. Individual Accounts. Joint or Trust Accounts. Retirement Accounts. Non-Professional Advisor. Institutional Accounts. Open an Account. FINRA BrokerCheck reports for Interactive Brokers and its investment professionals are available at www. For Individuals Individual, Joint or IRA Non-Professional Advisors. Institutions Home Registered Investment Advisors Prop Traders Hedge Funds Introducing Brokers Family Offices Compliance Officers Small Businesses Money Managers Fund Administrators Hedge Fund Allocators Educators.

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IBKR Campus Traders' Academy Traders' Insight IBKR Podcasts IBKR Quant Blog Webinars Student Trading Lab Short Videos Traders' Glossary Traders' Calendar. The table below details how a high volume forex trader can achieve a low commission multiple of just 0. This Euro amount would then be converted to USD at the real-time value set by IBKR.

At lighter monthly trading volumes a broker like Pepperstone or IC Markets may have lower commissions but for active traders, IBKR has low costs.

The second main element that impacts trading costs is the spreads. To clarify, spreads are not marked up and the foreign exchange broker makes its money from commissions. Our Interactive Brokers forex review found the CFDs provider offers ECN broker spreads market-based spreads and the lowest commissions for high-volume traders.

As one of the largest forex brokers in the world, IBKR has created its own forex trading platform, including:. The biggest advantage of IBKR trading platform is you can trade more than just forex and CFDs.

Alternative Interactive Brokers offers an FX Trader offering:. IB FX Trader includes additional real-time news powered by Thomson Reuters, Dow Jones, Seeking Alpha, etc.

The disadvantages of IBKR platform is that that existing forex traders will need to learn the unique platform and that switching FX brokers later will be difficult with the need to switch platforms. This is compared to the most popular forex trading platforms like MetaTrader 4, MetaTrader 5 and cTrader which are offered by a large proportion of CFD providers.

Another issue comes to sharing information and tools such as forex bots with more choice available on popular platforms compared to IBKR.

The IBKR platform especially TWS platform is the best forex platform for traders looking for an all-in-one solution. If you want to trade shares, CFDs and foreign exchange without switching platforms while having powerful features, IBKR is right for you. Those looking to trade more than just forex across the globe across multiple markets with the single interface are ideally suited toward IBKR. Interactive Brokers forex accounts have no minimum deposit requirements as shown below.

This is across both trading accounts for individuals. As mentioned in the next section, there are inactivity charges to consider which are partially set on the trading account balance.

Interactive Brokers is rated among the best online brokers worldwide. Headquartered in Greenwich, Connecticut, IB is a financial technology company listed on the NASDAQ, ticker symbol IBKR. Interactive Brokers holds licenses from regulators in the following regions:. Based in London, Interactive Brokers U. Limited has FCA number Based on this regulation, there are ESMA restrictions and requirements unique to the region.

In , IBKR launched their Singapore operations under MAS regulation. Their license number is CMS, and they are located at 8 Marina View A Asia Square Tower. Based in Connecticut USA , Interactive Brokers LLC is regulated by the Commodity Futures Trading Commission CFTC. The United States subsidiary is also regulated by the Securities and Exchange Commission SEC.

It should be noted that just a handful of brokers are regulated in the USA, giving Americans an opportunity to trade forex and CFDs. Based on Quebec, Interactive Brokers Canada is regulated by the IIROC Investment Industry Regulatory Organization of Canada. In the region, IBKR only offers trading services e. CFD trading and not advisory services. Based out of Sydney, Interactive Brokers Australia is regulated by ASIC with an Australian Financial Services License In the region, IBKR offers global stockbroking, CFD trading and many other services unlike most other brokers in the region.

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Benzinga readers love FOREX. com for all their trading needs! This review compares the services of FOREX. com vs. Interactive Brokers , which are two of the best-known names in the online brokerage business. In brief, FOREX. com caters mainly to forex traders, while Interactive Brokers caters more to international multi-asset traders and investors. Determining which online broker would suit you better will depend on your trading needs and preferences since both offer excellent services.

com review and its Interactive Brokers review. com was founded as part of GAIN Capital Holdings to provide online brokerage services for the retail forex and contract for difference CFD markets in the U. and abroad. The FOREX. com currently provides forex brokerage services to , customers in 18 countries across 5 continents. The broker employs more than 3, people and averages an impressive 0. com lets you trade in over markets and provides an easy-to-use trading venue for more than 80 different currency pairs, popular equities and stock indices, commodities like silver and gold, a wide variety of CFDs and selected futures contracts through its FuturesOnline affiliate.

While FOREX. com does not offer negative balance protection to U. com U. to take advantage of ESMA-mandated security features like negative balance protection and guaranteed stop-loss orders. Mobile App: FOREX. The app provides a clear interface that allows you to build custom watchlists and keep an eye on all of your favorite markets. The app features other useful trading tools including Performance Analytics to examine specific trading behaviors and habits and the Smart Signals signal generator tool that alerts you to trading opportunities identified by FOREX.

The fully customizable mobile app also provides advanced charts packed with helpful features including the ability to trade directly from charts, 80 technical indicators, multiple chart types, 14 time intervals and advanced drawing tools.

Instruments: FOREX. com gives you access to trade forex currency pairs, unleveraged spot gold and silver and a wide range of CFDs. You can also trade futures and options on futures through its affiliate, FuturesOnline. FuturesOnline lets you trade futures on the Smalls Exchange, which offers standardized index futures contracts with smaller lot sizes than those of regular futures contracts.

Minimum trade amount: Depending on the account type you select, FOREX. com supports trading in standard lot sizes of , base currency units, mini lots of 10, base currency units and micro-lots of 1, base currency units. Regulators: FOREX. com has been a registered Retail Foreign Exchange Dealer RFED and a registered Futures Commission Merchant FCM with the U. Commodities Futures Trading Commission CFTC since , as well as being a member of the U.

National Futures Association NFA operating under NFA ID number Founded in by trader Thomas Peterffy as T. Interactive Brokers provides direct access to over different worldwide markets.

The broker is represented on many major world stock and commodity exchanges, and it offers trading in forex, stocks, futures, listed options, bonds, gold and cryptocurrencies. The proprietary trading platforms offered by Interactive feature its flagship desktop Trader Workstation TWS and its web-based Client Portal.

Other platforms available at Interactive include the IBKR EventTrader and IMPACT, an investment app for stocks, options and cryptocurrencies. While Interactive does not actively promote or offer other platforms or add-on software of outside vendors, the TWS operates with an open application programming interface API.

The API allows third-party vendors to create scripts for the TWS. MetaQuotes Software offers the oneZero Hub Gateway that allows MetaTrader 5 to be used to trade IBKR accounts. oneZero is not available for individual accounts. Instruments: Offering perhaps the best selection of tradable assets and investment products of any online broker, Interactive Brokers will suit the needs of retail and professional multi-asset traders and investors worldwide.

Minimum trade: Minimum trade amounts at Interactive depend on the type of asset involved. Retail forex traders can trade in standard lots of , base currency units and mini lots of 10, base currency units.

Regulators: As a U. The global broker also maintains memberships on most major world stock and commodities exchanges. Because of its worldwide presence, with representation in markets in 33 countries, Interactive has oversight from most major world regulators, including the U. Financial Conduct Authority FCA under Reference Number These include volatility and available liquidity among other factors. These numbers are adjusted every first trading day of the calendar month.

The spreads noted below represent spreads outlined on the FOREX. com website. Interactive Brokers offers some of the lowest fees, commissions and margin rates in the business.

Because it provides this transparent pricing structure and instead of marking up quotes and charging no commission, a commission is charged by Interactive based on the combined Monthly Trade Value of Spot Currency trades. Found on the top of the FOREX. It includes the following features:. Interactive Brokers provides traders with access to a wide range of premium market research and news providers either free of charge or for a subscription fee.

Research services are also available to demo account holders without additional funding or approval. You can click here to check out the full list of research services offered by Interactive. Make sure to click on each tab if you wish to view the relevant available options under it. A summary of each research tab appears below. Both FOREX. com and Interactive Brokers are well-regulated and reputable online brokers that serve as top trading partners to their targeted clientele.

Depending on whether you plan on trading forex more or less exclusively or if you want to trade other asset types worldwide, the choice between Interactive Brokers and FOREX. com can easily be made. Also, less experienced forex traders can access decent educational materials geared specifically towards the forex market at FOREX.

com, while the educational resources at Interactive Brokers tend to cater to more experienced traders and cover a variety of different financial markets. com deals exclusively with forex and CFDs.

IBKR may not be the best choice for a beginning trader. Basically, the broker has a less intuitive trading platform and offers a wide range of assets more suitable for the advanced multi-asset trader. com would probably be a better fit for your needs.

Yes, IBKR features an ECN-type model for forex trade executions, so you get access to the highly-competitive Interbank forex market. This lets IBKR offer some of the tightest forex dealing spreads in the business. On the downside, IBKR does not support the popular MetaTrader 4 and 5 platforms that allow forex trading to be easily automated.

Your optimal choice of trading platform will probably depend on your level of expertise and whether you want to trade multiple assets or just forex. The TWS platform offered by Interactive Brokers is aimed more at advanced traders and seems less intuitive to navigate, but it allows you to trade forex along with stocks and other tradable assets from around the world.

com focuses instead on offering forex and CFD trading and supports the NinjaTrader third-party trading platform and the MetaTrader 4 and 5 platforms that offer algorithmic and social trading options and an extensive user community that retail traders new to the forex market can benefit from conversing with. com , registered with the Commodity Futures Trading Commission CFTC , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.

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Free Trading Tools. Leveraged products available for US clients with IB include Stocks, Options, Futures, Fixed Income and Mutual Funds. Because it provides this transparent pricing structure and instead of marking up quotes and charging no commission, a commission is charged by Interactive based on the combined Monthly Trade Value of Spot Currency trades. Instruments: FOREX. IBKR's powerful suite of technology helps you optimize your trading speed and efficiency and perform sophisticated portfolio analysis. Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.

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