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 $2,000 in your account.
Customer reviews for Interactive Brokers
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 1,375 reviews
- Excellent74%
- Very good14%
- Basic7%
- Poor2%
- Bad2%
Read customer reviews
excellent
Excellent easy to use app, best priced platform fees, excellent fund choice, responsive customer service
Advanced
Provide all the tools you need to take your investing to a whole new level.
Thank you so much for your support 🙏
It's describes how you feel about it to start to Investment!
Consistency
Excellent service
Functional, easy-to-use platform
Provides a highly functional platform to hold all my private market investments, making buy, sell or monitoring activities a doddle. I invest all over the world, in multiple currencies, and I've never had an issue on any side of any transaction, to date. Just what one expects, but doesn't always get elsewhere.
Reliability
Trading over 10,000 US Stocks and ETFs, US Equity Index futures and options, US Treasuries, global corporate bonds, European government bonds and UK gilts.
It has abeen a nice and geniune Service to use
I have been able to increase my investment capability and understood more about investment from them likewise chaincapital dot us that exhibits more profit making with a huge margin.
Very happy client of IBKR
1$ Fee per transaction and access to a wide spread of investment assets across the globe.
The one and only platform needed
It is not just trading platform but full solution from beginners' requirements to experts.
Simply the best
Vast product choice, low fees, complete guidelines and formation, great reports
Best investing platform
I have been using the platform for 3 years now.
It offers a wide choice of investment options with an app that is very complete and easy to use.
Shining in the woods.
Quite transparent, saving money of investors, giving lot of options to choose from.
Best brokers for global investors and traders
I have been using this platform from UAE for more than 5 years and completely happy with that platform, technical support and withdrawal convenience.
Great, simple, easy
Great platform!
Best in Class
Simply 5* , great Trading and Investing Platform. Keep going...
The best
Great comprehensive platform with low fees and excellent service
For both begginers and pros
The platform has just made my life so much easier. I feel like I have been trading and investing for decades.
reliable, fast and well-priced service
Provides what I wan't, executes as I wan't it and provides even more. I'm fine with it since several years
Excellent, Accurate and Fast
Very efficient, fast and accurate platform
Ibkr pioneer and the best
It's the best no doubt
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.
