Interactive Brokers

Forex Product Highlights

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Direct access to interbank forex quotes,
no hidden price spreads, no markups,
just transparent low commissions1

 

 



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Our tight spreads and substantial liquidity are a result of combining quotation streams from 13 of the world's largest foreign
exchange dealers which constitute more than two-thirds2 of the market share in the global interbank market. This results in
displayed quotes as small as 1/2 PIP and actual spreads even lower.

  • Direct Access to Interbank Quotes
    No hidden price spreading, no markup, no kickbacks. Just the combination of real time prices from 13 of the world's largest FX dealing banks plus a transparent, low commission that avoids the conflict of interest of FX platforms which deal for their own account.

  • ECN-Like Market Structure
    Our order book allows you to set orders away from or between the markets, and trade with other IB clients as well as with the liquidity-providing banks.

  • Forex-Conversion and Forex-Leverage
    IB offers the ability to convert currencies and/or trade currencies with leverage. All IB accounts have Forex-Conversion, which let you convert one currency to another without using leverage. Forex-Leverage, which is available to qualified customers and requires additional trading permissions, lets you trade Forex on a leveraged basis.

  • Multi-Asset Display
    Trade forex cash (spot) side by side on the same system, even the same window, with forex futures, fx options, and other asset classes such as stocks, bonds, and futures.
  • Automatic Overnight Position Rolls
    Automatic overnight position rolls (tom/next swaps) for large positions. There is no commission or other charge for this service. As with our spot dealing, roll prices are direct best quotes from our interbank partners.

  • 20 Trading Currencies
    Including USD, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RUB, SEK, SGD and KRW (with special conversion functionality).

  • FX Trader
    Trade Forex markets in our optimized FXTrader, which includes real-time streaming quotes, up and down indicators, trading volumes, pending trades, executions, positions, and average price plus P&L.

  • Safe and Secure
    Interactive Brokers Group and its sister affiliates hold over USD $5 billion in equity capital.

  • Low commissions
    0.08 to 0.20 basis points * Trade Size.1

Our forex spreads and substantial liquidity have helped
our customers become among the most profitable

Data provided by forexmagnates.com, includes the impact of any commissions

Percentage of profitable and unprofitable accounts as reported to the NFA - Q4 2013
  % Profit % Loss Total Accounts Spread Markups
Interactive Brokers 45.3% 54.7% 24,935 NO
OANDA 32.5% 67.5% 20,246 YES
FXDD 29.9% 70.1% 4,941 YES
ILQ 23.1% 76.9% 958 YES
Gain Capital 27.0% 73.0% 10,819 YES
IBFX/TradeStation 30.2% 69.8% 8,201 YES
FXCM 28.0% 72.0% 22,674 YES
CitiFX 42.0% 58.0% 632 YES
MB Trading 26.8% 73.2% 3,181 YES

There is a substantial risk of loss in foreign exchange trading.
Past performance is not necessarily indicative of future results.

 



Any currency or futures symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.
There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest charges on borrowed funds must be considered when computing the cost of trades across multiple markets.
[1] Commission Tier based on monthly volumes, minimum commission is USD 2.00 (or currency equivalent) per trade.
[2] Source: Euromoney FX survey FX Poll 2009: The Euromoney FX survey is the largest global poll of foreign exchange service providers.