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ibfx

Note: IBFX has ceased its activity as a forex broker. All existing clients have been transferred to FXCM forex broker.

 Trading Conditions

While the broker promises low spreads, keep in mind that spreads are not fixed and may become wider in certain volatile market conditions. The minimum execution trade is 0.01 lots. Standard contract size increments by $20 in margin and for mini accounts, the increment is $2 in margin.

 

Spreads on majors start from 1.8. 

The overview of the account features are summarized below:

 

Standard Account

Mini Account

Max Trade Size

50 standard lots

50 mini lots

Min Trade Size

0.01 standard lots

0.01 mini lots

Leverage

50:1

50:1

Dow Jones Newsfeed

yes

yes

Professional Charting

yes

yes

FREE Non-Expiring Demo Accounts

yes

yes

No-Swap Account

yes

yes

 

Trading Platform

IBFX provides the most common trading platform – MetaTrader 4. This software is known of its expert advisors, handmade indicators and great charting performance. Together with MetaTrader 4, the broker offers the following tools:

TradeStation Forex allows you to find profitable opportunities in the dynamic financial markets with chart pattern recognition tools. RadarScreen, Hot Lists and Scanner provides outstanding ability to make the most of the trading day.

The platform brings the latest market analysis, research and news. Include customizable charting, back testing and analysis capability into your portfolio.

Placing trades is done in one click and monitoring your positions can be done with real-time risk management and insight tools.

TradeStation Ifx brings the professionalism together with institutional spreads. IBFX offers straight-through-processing (STP) and overall low spreads with bank liquidity.

The trading platform allows API access, one click order execution, fast user-friendly interface, steaming live prices and professional technical trading support.

IBFX Connect - Like. Follow. Copy

If you are into the latest trend of social trading, this is the great tool to stay in touch, share and copy other traders in real time. Follow the top traders, analyze your own performance and stats, discuss trading ideas and get instant email alerts on selected activities.

Payment Methods

IBFX broker, compared to other forex brokers, doesn’t provide enough flexibility in terms of payment options, allowing funding and withdrawing of the money only with Wire Transfer, Credit Cards and Checks.

The minimum deposit requirement is. The average deposit time can take up to several business days, while checks are processed within 10 days. IBFX doesn’t charge fee for deposits, however there is withdrawal fee of $25 for Wire Transfers.

Resources

IBFX reviews the selection of its helpful trading tools. Below are just some of them:

Pattern Recognition Scanner alerts traders of potential market trends. It is currently 70% accurate.

Basic Compilation is a collection of forex indicators and trading systems, including widely used MACD, Stochastic, CCI, CMO, RSI and others.

Daily Trading Edge offers analysis and trading ides from IBFX chief currency analysis Raghee Horner.

IBFX broker offers some basic forex tutorials in its Education Section on the website. You may also want to check out the weekly webinars, which are also archived allowing you to review any lecture at the comfort of your home, at your own time.

Customer Support

The broker provides round the clock customer support during the trading hours. The support representatives are reachable by email, phone and online chat and are qualified to assist any technical or trading request.

 

 

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