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The Live IBFX Account is terrible forex trading location. I have carefully compared and observed their account activities. I would not recommend it to anyone who is interested in trading a forex account. The spread costs are always about two to three times higher than suggested on the main screen.
I have compared several different demo accounts with the IBFX Live Account and determined that they are a true Market Maker type of brokerage who hands over every trade long or short to another dealer desk or data center for assembly into larger sized trades. This costs the smaller Mini sized individual most of your profit opportunity.
Headquarters: 3165 Millrock Drive, STE 200, Salt Lake City, UT 84121-473
Country: United States
Regulated by: CFTC, NFA (US)
Branches: IBFX Australia
Interbank FX was recently acquired by TradeStation Inc.
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IBFX Account Details:
minimum deposit: $1
minimum lot size: 1k
max leverage: 50:1
Spread:
Variable, from 1 pips
Dealing:
STP - Straight Through Processing
Deposit/Withdraw
Bank Wire, Credit card, Check
$5000 minimum deposit required
Platform:
Free for accounts with $5000 balance
Forex signals and social trading
Autochartist
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