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
Fast, professional and innovative
Amazing investment place, trustful IBKR.
Above all
IBKR stands far above all other mainstream trading apps; it’s in a league of its own and simply cannot be compared.
Investing Platform Of Choice
It is undoubtedly one of the best if not the best investing platforms. It offers vide range of securities to invest acroos major geographies with best technology platform at very competitive charges. I feel it should be the first choice for an investor.
Best broker
Great platform, great team! Best in class
Best Trading Platform.
It is a secure and easy to use platform which is quite powerful. The mobile app is quite convenient.
International Markets
Easy to use and fractional stocks with low fees
Best Retail Broker
best broker for product offerings and price offering. Best platform.
IBKR has made investing easy and affordable..
IBKR has made investing easy and affordable..
Fantastic platform i recommend to all my friends
Interactive Brokers has been absolutely fantastic to use. From the start, I was impressed by how simple and intuitive their platform is — everything is laid out clearly, making it easy to navigate whether you’re new to investing or more experienced.
What really stands out is the transparency. There are no hidden costs or sneaky fees, which immediately builds trust and makes me feel confident in every trade. The pricing structure is straightforward, and it’s refreshing to use a broker that values honesty and fairness.
On top of that, their customer support and overall user experience are genuinely friendly and approachable. It feels like they’ve designed the service with the user in mind at every step.
Overall, Interactive Brokers is a reliable, user-friendly, and trustworthy platform that I would recommend to anyone looking for a smooth and cost-effective trading experience.
My review
I have used interactive brokers for 10 years to trade stocks, options, and futures. Very comprehensive and professional platform.
Lovely company
I am using IBKR for more than 3 years now, its amazing and lovely trustworthy platform
Fast, easy and excellent filling
The app has almost no spread and razor thin trading fees.
It is responsive, stable and just works. 10/10.
Far more robust than anything else I tried.
Reliable and Efficient
Wide range of trading and investing markets, easy to use platform and competitive pricing/fee.
Best investing platform
Love using it because of its easy of money transfer
Variety of products and low fees
Super clear on fees, it has a lot of helpful information. Big fan
Top Gun
The efficiency, speed and low cost of the IBKR platform make it a pleasure to work with and me a dedicated supporter.
Personal Financial Growth
IB set standards as a personal financial growth platform, offering competitive trading rates, financial literacy, and support throughout the investment journey
Best overall
Cheapest platform on the market and with the new AED account available, unbeatable.
IBKR is the top
Amazing platform
IBKR all the way
Most recognized and safest platform
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.
