Home » Broker Reviews » IBFX
IBFX
| Company | ||
|---|---|---|
| Name of the Broker |  IBFX | - |
| Broker | ||
| Accounts | ||
| Demo account link | Demo Account | - |
| Live account link | Live Account | - |
| Ratings | ||
| Overall Rating | 7 | - |
| Safety of funds | 7 | - |
| Software ease of use | 7 | - |
| Tools and resources | 6 | - |
| Set-up process | 6 | - |
| Customer support | 7 | - |
| Timeliness of application | 6 | - |
| Funding options | 6 | - |
| General | ||
| Dealing desk/NDD | NDD | - |
| Minimum account size | 0 | - |
| Max leverage | 50:1 | - |
| Application processing time | 1 business day | - |
| Fixed spreads |  | - |
| Fractional pips |  | - |
| Automated trading | | - |
| Offer options | | - |
| News and Charts | ||
| Free charts | | - |
| Free charts with broker feed | | - |
| Premium charts w/feed | | - |
| Trading off charts | | - |
| News | | - |
| Economic calendar | | - |
| Applications and Usability | ||
| Integrated charts | | - |
| Integrated news | | - |
| Margin watcher | | - |
| Trailing stops | | - |
| Web based application | | - |
| Downloadable application | | - |
| MT4 available | | - |
| Training video available | | - |
| Usability of software (1=poor, 5=very good) | | - |
| Courses and Webinars | ||
| Free training signals | | - |
| Webinars | | - |
| Beginner course | | - |
| Intermediate course | | - |
| Advanced course | | - |
| Help and Support | ||
| Phone Support | - | |
| Live Chat | Live Chat | - |
| Email support | Email Support | - |
| Other Details | ||
| CFTC/NFA member | | - |
| FSA (London) | | - |
| Other (by whom) | - | |
| Segregated account available | | - |
| Segregated account standard | | - |
| Client funds held separate from operating funds | | - |
| Balance sheet available | | - |
| NFA member page | - | |
Interbank FX Background
Interbank FX LLC offers a unique multi-bank liquidity feed, proprietary tools, services, and excellent customer care which sets them apart from other brokers. The Interbank FX Group now serves international customers through IBFX Australia Pty Ltd, offering flexible leverage and hedging capabilities paired with the same technology offered by Interbank FX LLC.
Interbank FX has invested millions of dollars in a technology infrastructure to deliver the fast execution available for traders. Their Core technology is designed to streamline the trading process by finding the best partners (multiple top tier 1 banks) to execute on orders based on price and available liquidity.
Since the implementation of Core, Interbank FX’s rejection rate for transactions over 5 standard lots has decreased significantly—which is due to their new order processing technology via their multi-bank liquidity.
IBFX also goes above and beyond by focusing on personal level transparency for traders—setting them apart from other brokers. Metrics shown on their forex performance page of their website allow clients and prospects to review IBFX’s performance at any time, and they challenge traders to ask the same of their other brokers.
Spreads and Execution
Interbank FX has fast and reliable execution paired with low spreads. Spreads are variable and change based on market conditions, however Interbank FX offers low spreads on the majors (as low as 1 pip). Interbank FX has average execution rates at 99.5% and an average execution time of 3 milliseconds. (Based on February 2011 data).
Platform
Interbank FX is the technology leader for MetaTrader 4, offering this popular forex platform in multiple languages. Aside from the language flexibility, platform components can be customized to fit each trader's specific needs, such as streaming Dow Jones news, real-time quotes, multiple charts and time frames, 40+ custom indicators and tools, custom order types, platform tutorials and more.
Interbank FX is more than just another MT4 provider. They have deep liquidity—directly into major FX trading banks. Their platform also enables you to move beyond traditional trading with fully customizable, automated trading systems which integrate into your MT4 platform.
With Interbank FX MT4, you can place trades in 1-click directly from the charts and you can deposit and withdrawal from your Interbank FX account inside of MT4. Interbank FX’s MT4 has a feature called “connect” that allows you to aggregate all your news feeds to one place – inside of MT4.
Education and Analysis Available at Interbank FX
Interbank FX provides completely free forex education to help new traders learn the basics, or experienced traders brush up on their skills. Interbank FX also hosts monthly webinars featuring their Chief Currency Analyst Raghee Horner—which are available for later reference on their YouTube Channel.
Another great feature is The Daily Trading Edge, where Raghee Horner dives into the daily market trends and happenings—sharing her analysis with traders.
Accounts, Deposits and Withdrawals
Interbank FX offers 3 different account types: Standard, Mini and no-swap (reserved for Muslim clients). They offer a Global Debit Card, which gives two options for fast, easy and cheaper worldwide deposits and withdrawals.
In addition to these two cards, Interbank FX offers bank transfers and electronic fund transfers within 1-2 business days.
Regulation
In the U.S., Interbank FX is regulated as a member of the National Futures Association and the Commodity Futures Trading Commission as a Registered Foreign Exchange Dealer (RFED).
IBFX Australia Pty Ltd, their sister company, is also regulated as a member of the Australian Securities and Investments Commission (ASIC).
Customer Support
Interbank FX has a commitment to providing excellent customer service. They maintain a fully-staffed customer support center 24 hours a day, 5.5 days a week to assist with the needs of account holders—both live and demo. In addition, Interbank FX offers support in multiple languages to better meet the needs of international customers.
Conclusion
Interbank FX offers a transparent approach. They use cutting-edge proprietary execution (CORE) and MT4 Bridging Technologies, have deep liquidity (a variety of top tier 1 Banks) and their sophisticated trading applications (FX Algorithmic Strategies) directly benefits each end-user.
