Advertisement

Broker Categories

Interactive brokers spread is good, but margin is to high

They aren't a forex broker, they are futures and equities, and consider forex secondary.

They give you a program called FX Trader, but its part of there main program, so orders go back forth between the two. It gets confusing, and is a bit confusing to use.

Margins are extremely high, and they raise them whenever they wan't to protect themselves. Oh yeah they will charge you interest in the currency that your buying or selling and come end of the month they will do a regular fx transfer to cover the expenses.

The spread and conversion ratio is poor, and by the way customer service is poor to nonexistent.

Tim, forexpeacearmy.com 2009-07-27

Interactive Brokers Interactive Brokers Review

Interactive Brokers Review - Forex trading experience and rating

Headquarters:
One Pickwick Plaza, Greenwich, CT 06830 USA

Country: United States

 

Regulated by:

CFTC, NFA (US) , FSA (UK), IIROC (Canada)

 


Trader's rate 3.1
Editor's rate 3.6

Account Info:

minimum deposit: $2,000

minimum lot size: 25k

max leverage: 1:50

 

Spread:

Variable, from 0.1 pips

Commissons: 0.2 pips, minimum $2,5

 

Deposit/Withdraw

Bank Wire, Check

 

Platform:

Custom trading platform

 

Broker type: ECN

 

Forex Signals:

Interactive brokers partners with Zulutrade to provide traders with access to the best forex signal providers in the world



Follow forexbrokerz on Twitter

© 2012 ForexBrokerz.com