- 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
One window facility
The best platform available in relations to trading
Seamless
Very user friendly and seamless to use
Best
#1
Best of the best
Fundamental research
Best trade platform
Best company for beginners to experties too.
Best platform
IB is the best platform out there for investing and trading us stocks.
Best all in one investment and trading platform
Have been using IBKR over 7 years. Secure, reliable and easy to use platform. Had good experience with the customer support team
Best terms in the industry
Excellent for buy and hold as well as for trading
The best availability and worst transfer fees
All good unless the fees for transfers and exchange which is a panic for short terms and small amounts investment
The Best Broker
I’ve been using Interactive Brokers in 2 countries, the transition from a different country to UAE region was seamless and trading stocks and Options cannot be easier with IBKR. They are globally recognized and anyone who means day trading as a real profession requires IBKR.
Comprehensive platform for investment
Amazing platform and easy to use. Easily manage online and through a secure app. Wish I had started years ago but never too late!
Simply the best!
Fantastic platform; ease of use; low charges
Great App
Low fees, great support, easy to use. Great investment app.
I don't write enought well in english
I don't write enought well in english
Great value and trustabilty
IBKR is the best broker I could found!
Perfect
Perfect for non professionals investors.
Very cheap currency conversions
IBKR provides very competitive forex conversion rates, probably the best in the market.
Easy to use
Their website is easy to navigate and give great information regarding the various ETF's that I buy.
VERY HAPPY CLIENT
EXCELLENT SERVICE WITH VERY FAIR PRICING. LOOK NO FURTHER
Low cost
Reliable, professional, low cost, high reputation
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.