59.7% of retail investor accounts lose money when trading CFDs with this provider
- Experts rate the Interactive Brokers Forex Trading Platform highly, noting its advanced features suitable for both experienced and beginner traders. The platform offers a wide range of FX pairs and low commission on raw prices, although it lacks guaranteed stops and spread betting options. Overall, it receives a strong total rating of 4.6/5, with particularly high scores for pricing and platform usability.
- Across 1375 user reviews on Good Money Guide, averaging 4.6/5, customers frequently highlight the platform's low costs, broad market access, and advanced trading tools. Many users appreciate the user-friendly interface and efficient execution of trades. However, some reviews mention challenges with customer service responsiveness, indicating room for improvement in support.
Interactive Brokers Forex Trading Platform Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Interactive Brokers Forex Trading Platform across five key areas of our review framework.
- Pricing5.0
- Market Access4.5
- App & Platform5.0
- Customer Service4.0
- Research & Analysis4.5
Pros
- Lots of FX pairs
- Excellent forex trading platform
- Low commission on raw prices
Cons
- No guaranteed stops
- No spread betting
See full expert review
Our verdict
Interactive Brokers is by far the most advanced forex broker we feature if you need it to be. Interactive Brokers is one of the best forex trading platforms for advanced and experienced traders but is also simple enough to be used by beginners who want to stick with one brokerage as they progress.
59.7% of retail investor accounts lose money when trading CFDs with this provider
Is Interactive Brokers good for forex trading?
Yes, IBKR has two different forex trading platforms, IBKR Trader Workstation for advanced traders, which comes with some very complete order routing tools for larger orders. The Interactive Brokers web portal platform is much more suited to more casual forex traders and lets you go long or short currency pairs based on position size rather than lots by placing limit, and market entry orders and you can set your stop and limited exit orders based on P&L rather than price.
It’s also worth noting that if you want to trade margin products with Interactive Brokers you need at least $2,000 in your account.
Customer reviews for Interactive Brokers
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 1,375 reviews
- Excellent74%
- Very good14%
- Basic7%
- Poor2%
- Bad2%
Read customer reviews
Best platform for all investments
Easy to navigate and lowest fees!
The faster
The faster platforms in the world
Honesty and transparency
IBKR is just the best investment platform. I've been with them for over a year, but I've been investing for several years. The app is a bit complicated, but it's just such a reliable investing platform that you just get used to some quirks for all the benefits.
The Broker That Stands Above the Rest
I have been using Interactive Brokers (IBKR) for my trading and investment needs, and it has consistently proven to be one of the most professional and reliable brokerage platforms in the world.
1. Execution & Platform:
Trade execution is lightning-fast with deep liquidity access across global markets. The platform is robust, stable, and built for professionals while still accessible to retail investors who want advanced tools.
2. Market Access:
IBKR offers unparalleled access to stocks, ETFs, bonds, futures, options, forex, and funds in more than 150 markets worldwide. For someone managing an international portfolio, this breadth is invaluable.
3. Pricing & Transparency:
Their low commissions, tight spreads, and transparent fee structure set them apart. Unlike many brokers, IBKR doesn’t hide behind gimmicks or inflated costs.
4. Research & Tools:
The Trader Workstation (TWS) platform is a powerhouse with advanced charting, risk management tools, and analytics. IBKR GlobalTrader and Client Portal also make trading convenient on the go.
5. Safety & Regulation:
As one of the world’s most regulated brokers, IBKR provides peace of mind. Client funds are well protected, and risk management tools are built into the system, which reflects their professional DNA.
6. Education & Support:
IBKR’s educational resources, webinars, and daily market insights are a strong plus. Their customer service has been responsive and professional whenever needed.
Final Thoughts:
Whether you’re a professional trader, long-term investor, or someone managing complex portfolios, IBKR stands out as a global leader. It combines world-class execution, global access, and cost efficiency in a way very few brokers can match.
Perfect platform for a stock portfolio
I have been with IB for several years and til today quite satisfied.
The platform is user friendly, managing your account is easy.
Buying/sellings stocks is always simple with low fees.
IB's customer service is easy contactable and pleasant to communicate.
Can't think of a better broker than IB!
Great Brokerage
Amazing platform for investments with huge range of instruments and markets
Easy Access and Interfaces
platform is userfriendly, fee/commission and pricing policy is transparent. Training sessions are really useful.
Reliable and comprehensive
I am using since 2020 and find it very reliable and trustworthy.
they have very detailed research and news about market and stocks.
Best for pre and post Market transactions. This was the main reason to choose it.
Best Broker
Best online platform
Best investment platform
All positive in this platform. I am very picky especially in these brokers but could find one nigative side. Keep it up
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Best Trading App
Amazing app, all the features you need for day trading, swing trading, and investing, and at a fraction of the cost of other apps
All in one platform
The best and most reliable trading platform
Technically perfect and reliable
The electronic Systems of IBKR offer the perfect base for worldwide trading
Excellent
Excellent
Excellent platform, well established and strong investor protections
I been using IBKR for years now. It has some of the lowest fees and tightest spreads available for trading.
IB is top notch
InteractiveBrokers is the best investing platform not just in the UAE but also in the World. I've been using it for about 4 years and have never experienced any issues with it and I have a lot of trust investing with IBKR. They have just today introduced a local AED bank account that is available for deposits and that will help many users as their transfer costs will go down making investing accessible to basically everyone in UAE.
Trust
Fill my money in safe hand
Best Investment Broker in the World
IKBR provides the best service, the widest selection of investment instruments and the lowest fees.
best price/quality platform
I have tried many trading platforms but none was as convincing as IBKR!
You can trade currency futures and forex options on Interactive Brokers, despite IBKR does not position itself as a forex trading platform, it actually has exceptional foreign exchange capabilities.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
