Interactive Brokers Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Interactive Brokers Review.
One Pickwick Plaza, Greenwich, CT 06830 USA
Country: United States
CFTC, NFA (US) , FSA (UK), IIROC (Canada)
minimum deposit: $10,000 ($3,000 for individuals age 26 or younger)
minimum lot size: 25k
max leverage: 1:50
Variable, from 0.1 pips
Commissons: 0.2 pips, minimum $2,5
Bank Wire, Check
Traders Workstation (TWS)
Broker type: ECN
Interactive brokers partners with Zulutrade to provide traders with access to the best forex signal providers in the world
What we think about Interactive Brokers
Interactive Brokers with 36 years of experience in financial markets. It offers a state-of-art trading platform – Trader Workstation (TWS) that is equipped with everything and anything you may need for your successful trading.
TWS comes in desktop and web versions. By downloading the platform you get a simple, yet comprehensive workspace that includes price quotes, real-time news feeds, margin control system, risk management tools, etc. The TWS desktop application is supported for Windows, Mac and UNIX.
Along with what’s already built in, the broker offers additional tools to enhance your entire trading cycle – a portfolio analysis tool and a tax optimizer being a couple of examples. iPod and iPad users can also download the Traders’ Calendar, Traders’ University Courses, TWS Tour Suite and Options Calculator apps from the Apple store.
Interactive Brokers’ trading conditions are pretty good – they include tight variable spreads, low commissions, 22 order types, positive price corrections through the SmartRouting system, etc. Keep in mind, though, that the average slippage is a tad high – 1.8 pips.
Although the broker’s services are intended for advanced and professional traders, it offers a vast educational section where you can find webinars, video courses, tools and widgets, and so on.
Regulation-wise, there is nothing to be concerned about: Interactive Brokers is licensed and regulated by the American CFTC and NFA and falls under their draconian jurisdiction. In the unlikely case that something goes wrong, customer securities accounts are protected by the Securities Investor Protection Corporation (“SIPC”) for a maximum coverage of $500,000.
U.S. Traders are welcome.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
InteractiveBrokers Review Conclusion
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