Interactive brokers forex spreads reviews

Posted: cesedi Date: 08.06.2017

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Subscribe to this topic new Tip ' subscribeTip1', 'In order to subscribe to this topic, you must login first. I have a live account since 1 year. No major problems actually. I like the TWS Platform. Its very nice but also very complex. Also the Web-Trader is acceptable but no chating support.

For IDEAPLPRO minimum trade size is too high e. Some of the tightest spreads in the industry. IB has an excellent reputation, but it is not for the new trader. They neglected to tell me they shut their platform down at night for maintenance. Since my programmers wrote a program to specifically trade on their API, this was a major disappointment. So, it is not for automated trading, until they can get around this issue. Also, the API kept disconnecting.

If you trade manually and have your own platform or are willing to lease one of the platforms they offer, this could be a good choice. They offer trading stocks, options, futures, forex and you can track all this on their proprietary 'Traders Workstation'. The ONLY things good about IB is its tight spread and low commission BUT they charge you extra commissions for converting your profits back to the funding currency of your account and their customer service in Canada.

The customer service for IB US for Forex is still horrible and totally clueless. But their Java platform for Forex, FXTrader is one of the WORST among all the ECN brokers; it's slow and full of bugs. When their system is busy, when you click on a currency pair in FXTrader, the order will show up for the wrong currency pair and because the software is slow it takes a while to show up and you don't catch it in time.

I have ended up trading the wrong currency for so many times because of this bug.

And also even if you save your settings but the placeholders for currency pairs will keep switching all over the place in FXTrader each time you log in so the same currency pair is never in the same place twice and you always have to find them just to make sure you are trading the right pair. They have gone through so many different version upgrades but they never fixed these bugs.

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I have reported these bugs to their technical support but they have always denied them. I think they leave these bugs there on purpose to trip traders up to enter more errorneous trades so they can get more commissions from traders.

I mean there are other brokers who use Java for their trading platforms and they are never this problematic. And also their roll-over interest rate is a total rip-off. They only pay interest for both sides for only a few selected currency pairs.

All in all, AVOID them if you are a new trader starting out. For new traders who are thinly capitalized, IB is not the choice. They are the bucket shop among ECN brokers for small capital retail traders; all they do is take money from you.

They cater more to high volume, high capital traders or institutions. So consider them when you are more loaded. Compare forex broker spreads in real time: All Events Foreign investment in Japan stocks 6h 10min Foreign bond investment 6h 10min Visitor Arrivals YoY 4h 5min RBNZ Interest Rate Decision 3h 20min RBNZ Rate Statement 3h 20min RBNZ Rate Statement 3h 20min.

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interactive brokers forex spreads reviews

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interactive brokers forex spreads reviews

Brokers Forex Broker Spreads Forex Broker Quotes Forex Broker Swaps Forex Broker Volume Forex Broker Promotions. Platform Widgets Features API Mobile Translations RSS. Support FAQ Help Contact Us Report A Bug!

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.

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