- Good Money Guide experts highlight Interactive Brokers as a leading forex broker in the US, commending its low dealing fees, direct market access, and a wide range of order types. The platform is noted for its competitive spreads and advanced trading features, although some concerns were raised about the speed of customer service.
- Across 1375 user reviews on Good Money Guide, averaging 4.6/5, customers frequently praise the platform's low costs, extensive market access, and advanced trading tools. Many users appreciate the user-friendly interface and efficient execution, while some express frustration with the responsiveness of customer support.
Interactive Brokers US Forex Trading 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 US Forex Trading across five key areas of our review framework.
- Pricing5.0
- Market Access5.0
- Online Platform5.0
- Customer Service4.0
- Research & Analysis5.0
Pros
- Very low dealing fees
- Wide market range
- Direct market access
- Complex order types
Cons
- Customer services can be slow
See full expert review
Our verdict
Interactive Brokers has been offering forex trading services in the US since their inception in 1978. As a pioneer in the industry, Interactive Brokers has established itself as a reputable and reliable broker for forex trading, offering competitive spreads, advanced trading platforms, and a wide range of currency pairs to trade. Over the years, Interactive Brokers has continued to enhance its forex trading offerings, incorporating advanced technology and features to meet the evolving needs of traders.
Can you trade forex with Interactive Brokers in the US?
Yes, you can trade currency futures with direct market access and currency options on the Interactive Brokers trading platforms.
Interactive Brokers is a great forex broker for those who want to trade on exchange currency contracts rather than spot FX.
Through IBKRs FXTrader you get interbank quality FX spreads, the ability to trade spot alongside on-exchange futures and over 20 forex order types like trailing stops to lock in profits if a position is going your way, OCO and scaled execution for large orders.
IBKR US Address: Interactive Brokers LLC, One Pickwick Plaza, Greenwich, CT 06830, United
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
great
fees are ok, platform is ok
Fast cost efficient
Excellent trading platform
Very cost effective
Easy of use
Very strong trading Platform. Low maintenance and trading cost.
Pros: Very strong trading Platform has a wide spectrum of trading algorithms to choose from. Accepts international traders from all countries. Money sent from outside USA is seen updated instantly once they receive. Low maintenance and trading cost.
Cons: Advanced use of the trading platform has a steep learning curve. Not many practice videos available to teach non-tech/non-fin investors on the use of advanced features.
Ease of use
Platform is super easy to use and has minimal commissions.
IBKR platform
comprehensive, easy to use, reliable, fast money transfers, no issues at all.
amazing service
reliable and best low fees. Several services available
Best trading app
IBKR has the vastest portfolio with the lowest rates
An Indusry Leader
I have used IB for many years doing various things. It can handle any need without exception. The trading costs are about the minimum in the industry and help is always available to handle any inquiry.
Low brokerage, availability and reliability
App is always functioning, no downtime or glitch observed.highly reliable service
Big choice and low price
I trust very much IBKR, it’s very Professional. I Never had problems with orders and low fies
All In
I choose Interactive Brokers for my ETF investing because it offers low fee trading for US-listed stocks and ETFs, which keeps my costs low . The platform provides access to a massive selection of investments across global markets, allowing me to build a well-diversified portfolio easily . While the platform has advanced tools, the IBKR webside and mobile app are straightforward enough for my needs as a non-professional investor . It’s a powerful and trustworthy platform that helps me invest efficiently.
Great investment platform
Great company to work with – super helpful, easy to deal with, and really know their stuff. I feel confident about my investments with them
Perfect platform
A perfect platform to manage all your investments
Reliable platform with unmatched global access
I’ve been using Interactive Brokers for a while now, and what stands out most is the breadth of markets and products available. It’s one of the few platforms where I can manage everything in one place: stocks, ETFs, bonds, and even global markets I wouldn’t otherwise have access to. The trading costs are consistently low, which makes a huge difference over time, and the execution is fast and reliable.
The platform itself has a learning curve, but once you get comfortable with it, the tools are powerful and give you full control. I also like how transparent they are on fees and reporting, no hidden surprises. For me, it’s the best balance between professional-grade features and cost efficiency, especially for someone looking to invest seriously rather than casually trade.
Amazing trading features and tech
I’ve used this for my company for almost 7 years and have almost all of the equity with IBKR. The best speed and transparency of execution, with almost no costs. I also love they keep adding markets to the platform!
Amazing all rounded and trusted platform
I’ve used IBKR for almost a decade and trust them with large amounts. Their level of reporting, transparency in pricing and speed of execution, for small and even massive orders, is amazing. Nothing else comes close!
I've been with them more than 6 years, low fees, fast processing,. very good company
Really recommnded
Investment with IBKR is trust
The platform with highest responsibilities and quality is might be only trusted, the best example is Interactive Brokers
Broker of the year!
Best Broker thus far - make sure, it stays that way!
Affordable simplicity
IBKR offers an investment opportunity for clients across the globe. Wide range of investment options to suit any portfolio. Reliable service and helpful staff. Easy to work on the platform. Fantastic for keeping a cash reserve!
Yes, you can trade currency futures with direct market access and currency options on the Interactive Brokers trading platforms.
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.