- 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
Solid Trading Platform With Very Less Brokerage Fee.
Trading with IBKR since last 4 years. I can start trading at 4am till 8pm. This platform lets you trade any stocks which are delisted.
Best ever
Interactive Brokers is light years away from other competitors
Great all round brokerage
Love the ability to trade pre market with overnight orders
Great value and low costs
Best broker
Trusted and true broker.
Best offers
Best range of products and probably among lowest prices.
The best platform is probably not the best for starters. However I do think they have an easier solution while you learn the full one (if you need it).
(If you know how to set up a platform like in Sierra or multicharts platforms you probably will be good)
Befektetésre tökéletes, alacsony dÃjakkal.
Befektetésre tökéletes, alacsony dÃjakkal.
one of the best
One of the best broker with low fee
I find the trading platform...
I find the trading platform - I mostly use TWS - comprehensive and easy to use. I enjoy the access to such a large number of financial markets around the world. The information provided is abundant and helps make solid trading decisions. Trading costs are shown in an honest and transparent way, so that one can optimize one's cost targets and avoid surprises.
Most overall tools, analysis and...
Most overall tools, analysis and assets
Good effective
Good effective
Good
Good
5/5
Comprehensive
Comprehensive
Comprehensive
Comprehensive
I'm not sure but I...
I'm not sure but I Steven Talewa of Tari Hela Province of Papua New Guinea select only for the year
3/5
Very detailed but more for...
Very detailed but more for proffessional investord
quick and easy
quick and easy
Good value for money
Good value for money
5/5
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.