- 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 Gateway for Brazilian Investors to Global Markets
As a Brazilian individual investor, I found in Interactive Brokers a complete platform that truly enables global investing without restrictions. It provides access to major stock exchanges worldwide, as well as bonds and currencies, all within a single account. What I particularly appreciate is that the platform adapts well to both beginner and advanced investors, offering powerful tools without losing accessibility. In addition, it is constantly evolving with new features, and the website is being updated to support Brazilian Portuguese, making the experience even more user-friendly.
excellent
excellent
Long Term Investing
Excellent platform with competitive pricing
The best broker
Interactive Brokers has brought digital technology to all investors with only low transactional fees. Plus sophisticated platforms and training.
Easy to use
I love IBK because is easy to use and the charges are reasonable
The best if you want invest money worldwide
Excellent commissions and investment opportunities in all global instruments and stocks. Comprehensive and easy to use.
Fast execution, broad access, plenty of apps and platforms
I have been using Interactive Brokers for several years now, moving from more traditional brokers. I find IBKR to be very effective, with many sophisticated trading functionalities (esp. order types), fast execution of orders, access to all markets I am interested in and with a broad (maybe **too** broad) set of apps and platforms for all levels of proficiency. As a moderately sophisticated retail investor, I can't ask for anything more.
IBKR is a leader
IBKR offers the best compromise among platform quality, diversity of market access and pricing.
Excellent Broker
IBKR has the best value for money. Great selection of investments, cheap commissions, safe and tech advanced solutions. Great overall.
Bonne plateforme de trading
bonne plateforme web de trading
Great
Good condition
Everything smooth and easy
Fantastic investment platform. Helpdesk very responsive and real persons working there.
One stop shopping
Low cost and convenient
Excellent execution of trades. Wide selection of instruments.
Excellent execution of trades. Wide selection of instruments.
CFO
Great investment brokerage app, very clear, a lot of choices and very low fees. Please continue...
Best trading platform
Best trading platform
Best investment broker
Interactive Brokers offers compelling advantages as an investment broker, including competitive fee structures and margin rates.
IBKR is just great
Low Fees and cool UI
Great value and service
Phantastic broker for trading and investing, great value and service
Top Broker
Best broker I have used
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.