Broker Reviews

Company Name: Interactive Brokers LLC
Website Address: www.interactivebrokers.com
Year of company’s foundation: 1998
Year of company’s forex division foundation: 2004
Regulated by: FSAuthority(UK), CFTC(US), SEC(US), FINRA(US), IDA(CA), NYSE(US), SFC(HK)
Client base: IB offers the professional trader, whether institutional or an active retail currency trader access to its tight quote spreads. Clients can use up to 15 different order types to trade across 42 currency pairs. IB Smart RoutingSM and superior technology allow clients to place fast-paced orders.
Leverage: 50:1
Commissions: $25,000-$1mm = 0.2 bp*Trade Value

$1-$2mm = 0.15 bp*Trade Value

+$2mm = 0.10 bp*Trade Value

Pip spread on majors: Euro/USD, USD/Yen GBP/USD as low as ½ pip. USD/CHF 1 pip.
Business Nature: Broker
Regular Account: Yes
Minimum account size for Regular Account: $10,000
Mini Account: No
Services: IB Provides clients with ten currency units to trade cash forex quoted using our montage of bank vendors who deliver razor-thin spreads. Investors can also trade currency futures and options using direct exchange access at low cost from the same account. IB Smart Routing executes orders at the best available price and at low cost.
Languages: English, Chinese, French, German, Japanese, Spanish
Platform: Trader Workstation (TWS)
Platform Description: The Trader Workstation (TWS) is our premier java-based order entry application with a spreadsheet-like interface offering the ability to trade stocks, options, futures, futures options, forex, and bonds on more than 70 electronic exchanges and trading venues around the world from one account. MobileTrader: Enter and manage orders, view executions, monitor your account balance – all from your mobile phone! Using state-of-the-art technology, IB’s MobileTrader allows you to access your IB account from any wireless internet device.
24 Hour trading: Yes
Free demo account: Open a Demo Account
Live support chat: Customer Service
Education Programs: Education Program – IB offers a comprehensive program of trader webinars. You can watch, listen, and ask questions from your home or office computer as our webinar instructors clearly explain our technology, trading, and markets around the world.
Headquarters: One Pickwick Plaza, Greenwich, CT 06830 USA
Country: United States
Phone: 1 (877) 442-2757 or 1 (877) 4IB-BRKR
Fax: 1 (312) 984-1019
E-mail: help@interactivebrokers.com
Free Phone: 1-203-618-5700 / 1 (877) 442-2757 /