The spreads on IBKR's Ideal Pro Forex venue are not determined by IBKR but rather by a group of liquidity providers which includes 17 of the world's largest foreign exchange dealers. These dealers stream real-time quotes in an ECN-like market structure which includes no hidden price spreads or markups and quotes as small as 0.1 of a PIP. IBKR passes through the prices that it receives and charges a separate low commission in accordance with the schedule posted to our website.
To review a stream of real-time quotes for select currency pairs, please see our website.
Clients benefit from the same prices within all the IBKR trading platforms. Before submitting an order to execute a currency conversion in one of our trading platforms clients are presented with our real time Forex rates.
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