Added on July 8, 2013 07:51 AM
(2.5 / 5)
Spread: 2 Min. lot: 0.01 Execution: STP
Leverage: 1:50 Country: USA Regulated by: NFA, CFT
Min. deposit: $10 Platforms: MetaTrader Payment methods: Bank Wire, Credit Card, Check, Neteller, IPS
Headquarters: Salt Lake City, UT, USA
Bonus: 10%

IBFX is a global provider of Forex trading services. It provides traders, institutional customers and fund managers with the latest tools and technology to trade online. It was established in 2001 and is involved in online trading since its inception.

Headquartered in Salt Lake City, UT, USA, it was previously known as interbank FX. It has rebranded itself as IBFX. Being famous for its low spreads and multi-bank liquidity pool, it is preferred both by new and experienced traders. Currently it is serving more than 35000 trades in 140+ countries. It is regulated as a Futures Commission Merchant by being member of the National Futures Association (NFA) and the Commodity Futures Trading (CFT) Commission. These regulations give traders surety of being with a reliable broker.

Although, IBFX is a good choice both for new and experienced traders, however it makes more sense for beginner traders because it has no minimum deposit requirement. You can start trading even with only $10. However, it does not allow traders to use scalping and hedging trading techniques.

It offers variable spreads. For those who want to use automated trading robots, IBFX also offers virtual private servers.


IBFX is a award-winning market-maker broker that is honored to have various awards in its portfolio. It is categorized as a number 1 broker according to a survey conducted among 8,750 investors.  Its reliability and reputation is evident from following awards and accolades it got in previous two years.

  • Trade execution – 2012
  • First in satisfaction in most categories – 2012
  • Best Forex Broker Asia - International Business Times – 2011
  • Forex Customer Service - Excellence Award - International Business Times – 2011
  • Forex Broker Australia - Excellence Award -International Business Times - 2011

Trading Platform

IBFX offers 3 comprehensive types of trading platforms so that every trader can benefit from its intuitive features.

  • MT4

MetaTrader 4 is the most advanced trading platform available and is offered by IBFX for its clients. Every trader can use it freely and up to his preference and trading style. MT4 allows traders to create custom and automated trading programs using MQL that is a very easy-to-learn language. It allows one-click trading with 99.88% execution rate. Placing trade on MT4 is a matter of only one click. Just set your trade parameters and execute your trade directly from the charts.

  • TradeStation

TradeStation is IBFX’s award-winning trading platform that features intuitive capabilities to assist every trader in carrying out a successful trade. It provides comprehensive information about the market and allows traders to create custom indicators and automated trading scripts. With TradeStation, traders can

  • Analyze the Markets
  • Execute Trades
  • Get professional-grade tools for placing trades
  • Get more ways to execute your trades
  • Monitor Positions
  • Access trading systems and applications
  • TradeStation IFX

TradeStation IFX is an advanced platform that offers institutional spreads and simple processing for brokerage clients. Some of the salient features of TradeStation IFX include

  • API access
  • Market-depth display
  • One-click order execution
  • Institutional user interface
  • Streaming prices
  • RFQ order execution

IBFX provides 24/5 technical and trading desk support with all these trading platforms.

Assets List

Asset list of IBFX is very limited. This is one of the week points of this broker. You can only perform Forex trading. For trading other markets you have to look for another broker.

Account Types

Traders can open following two types of accounts on IBFX.


Standard Account

Mini Account

Maximum Trade Size

50 standard lots

50 mini lots

Minimum Trade Size

0.01 standard lots

0.01 mini lots




Dow Jones Newsfeed



Professional Charting



FREE Non-Expiring Demo Accounts



No-Swap Account




IBFX also offers a free demo account on which traders can practice and gain confidence over their trading skills before starting real trading.

Education Centre

IBFX provides rich informational sources to educate its customers so that they can enjoy successful trading.  A complete course of each Forex category is given. This is equally useful for new and experienced traders. New traders can build their knowledge and experienced traders can use it to enhance their skills.

The learning centre is of great help to both new and experienced traders alike. It offers useful information and tools such as autochartist pattern recognition tool, risk calculator, expert advisors and volatility indicators to help traders to carry out informed and successful trade.

You can find course of following categories on the website of IBFX.

  • Intro to Forex
  • Trading Strategies
  • Technical Analysis
  • Fundamental Analysis
  • Programming
  • Glossary
  • Webinars

The webinars are about the latest topics and keep the users updated with the latest happenings in the Forex world.

Customer Support

IBFX offers a good level of customer support to its valued clients. It provides support through Email, live chat and phone. The answers to common questions are given category wise i.e. funding, trading, platform, Forex and new accounts. Users can share these answers on twitter, Facebook and Google plus. For any particular query, traders can call or send an email. Emails are answered promptly within two business days.  Users can refer to the website for both local and international phone numbers.

IBFX lacks website effectiveness. Its website is not as comprehensive as it should be. The website is accessible only in English and Chinese language, and for two locations only i.e. Australia and US.


IBFX is a recommended broker for new and beginner traders as it allows trading even with $10. Moreover, its comprehensive support service and rich educational sources makes it one of the most preferred brokers. Its trading platform, MT4 is the most advanced platform. IBFX allows easy deposit and withdrawal of funds through credit card or check.  The only major weakness it has is limited asset list.  Other than Forex if you want to trade futures, options or any other market, you will have to contact some other broker.

NFA, CFT, MT4, TradeStation