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
Interactive Brokers – A Comprehensive Platform for Active and Quantitative Traders
Interactive Brokers is functional, intuitive, and packed with all the tools you need. It works well for both semi-pro and professional traders, and is especially convenient for quant traders thanks to its strong API and data access. Reliable, flexible, and efficient.
User Friendly
User Friendly
Easy to use and trust worthy
Easy to trade platform. Fast deposit and withdrawal. Trust worthy.
IBKR Simply the best
the best platform for forex, trading and investing. plus supports now local AED transfers
CEO
Perfect platform with fast and efficient client service.
IBKR is the best
Professional platform, high security, low rates, and big diversity of trading tools and options.
modern and convenient platform
I've been trading and investing through Interactive Brokers for over 10 years and I've never encountered a more professional platform.
Professional
Very educative investment and trading platform
Wide range of instruments
ID gives you a lot of opportunities with all range of assets, low commissions, very attractive interface of the platform.
Secure, Easy and Less expensive
Interactive Broker is easily the most popular online platform to invest money in US and other markets. It’s app is easy to invest and is less expensive
Trading Without Limits
If you're serious about investing in the UAE, you need to be global—and that's exactly why I love Interactive Brokers (IBKR). Forget regional limitations; this platform is your one-stop shop for everything. You get access to over 160 markets—global stocks, options, futures, you name it—all from your single, multi-currency account.
The best part? The cost. Their commissions and margin rates are seriously the lowest out there, which means more of your money actually stays in your portfolio. Whether I’m doing a quick trade on the simple Mobile App or setting up a complex strategy on the powerful Trader Workstation, IBKR has the tools I need without the annoying fees. It's the strongest, smartest, and most cost-effective way to build serious global wealth right here in the Emirates.
Good platform
Great place to do trading.
Best UAE, US broker
Their trading app and facility to fund in AED are more attractive.
Best investment platform
IBKR is best investment and most trusted platform
The best platform
I’m using interactive brokers from more than 3 years and I never face any issues with this platform.
It’s a trustful platform and their fees are clear and reasonable.
Simple and yet powerful
simple and yet powerful platform , best feature is offering joint account holdin
Most reliable global platform
Has access to lots of different instruments
Best trading platform
Great platform
simple and effectice
Simple and effective
Best trading platform
Great app fast execution and low commission
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.
