- 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
best and most comprehensive products suit
Best execution, Most comprehensive list of products available. Very cheap brokerage, Excellent customer service.
Super professional
Ease of use, clear terms and conditions, perfect execution
Exceptional Trading Platform
Multiple trading platforms, a wide range of both US and International products, efficient back-end operations, and competent KYC
Easy and clear online platform
The best online platform I have tried in use in the uae.
Best trading and investing platform
Fast, transparent and effective platform
Good investment platform
has global presence, trusted broker and lot of research analysis, options and tools within the platform
Smooth
I have been trading over the last 1 year with IBR and It has been a smooth experience so far.
Class
Very proffessional and efficient
Efficient
Its analysis and order transmission platform is highly intuitive and facilitates efficient operation, thereby avoiding unnecessary costs.
The most versatile platform
I have used Interactive brokers for four years now. It has offered every thing to allow me to invest for the long-term. I have never felt pressured to be pulled in and trade on a whim or gamble my money away. The platform is informative even if it is hard to navigate sometimes. I have never felt limited by the offerings they provide and never had a reason to doubt the safety of my account and money
Advanced, Comprehensive, and Easy to Use
I have used four online brokers before. Interactive Broker is by far the best on several grounds where others have failed. In no particular order, the following are the reasons why I prefer Interactive Brokers:
1. Clarity of information: Anything I need to know about a company or my positions in it, I can see or otherwise find easily
2. Comprehensive coverage: Any instrument I look for, they have it
3. Inexpensive: Commissions are reasonable
4. Easy to use: Be it the website platform or the more advanced software or the mobile app, the platform is easy to use for trading, observing, reporting, and satisfying KYC and compliance requirements
5. Straightforward and comprehensive external interfacing - from sending cash in or out to interaction with accounts with other brokers, it is easy to use, secure, and fast
Small commission, good application, nice unterface
I use IB for last three years and there were no any issues that I can notice while investing.
Continuous legacy
The best investment platform in the world
Best platform
Low cost, FIDC insured, multi-product, user-friendly platform
Global market access for all
A suite of professional-level financial products and services is now accessible to all participants, eliminating legacy intermediaries and saving customers on fees.
great
No problem since 2022.
Simple & Robust
Excellent platform, consistently delivering day in day out.
Easy to operate
I find IBKR website easy to operate and review my holdings. The App is also friendly and easy to use.
Best professional broker
For me IBKR is the most reliable and most professional broker in the market. Real access to all exchanges worldwide. Supply of real assets and market data, not just funny CFD copies and inhouse pricing like so many fake brokers out there. Very low fees. Wide range of powerful trading platforms supplying even professionals with all the necessary functionality, workflows and customization options.
Best international trading firm
Platform is user friendly and provide in-depth analysis of the companies.
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.