- 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
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
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.