Worth to Know

    • US traders
    • PAMM accounts
    • Islamic accounts
    • Mini accounts
    • Segregated accounts
    • Vip accounts
    • Scalping
    • Hedging
    • Trailing stops
    • Commition
    • Bonuses
    • Mobile Trading
    • Web-based traiding
    • Expect Advisors
    • Metals
    • Oil
    • Gold
    • Stocks
    • Commodities
    • CFDs

General Information

    • Broker Name
    • IBFX (InterbankFX)
    • Founded
    • 2001
    • Headquaters
    • 3165 East Millrock Drive, Suite 200 Salt Lake City, Utah 84121 866-468-3739 or 801.930.6800
    • Broker type
    • MM (Market Maker)
    • Regions
    • English, Arabic, Chinese
    • Payments Methods
    • Credit Card, Wire Transfer, Check
    • Minimum Deposit
    • $1
    • Min lot size
    • 0.01
    • Spread
    • 1 pip
    • Spread type
    • -
    • Max Leverage
    • 50:1
    • Platforms
    • MetaTrader 4

Read Review of IBFX (InterbankFX) Broker

General Information

Brokerage firm IBFX Australia Pty Ltd was founded in 2001 and is one of the best on Forex market. More than 35000 traders from 140 countries became its clients (actual for 2015). Among its clients you can find independent traders, investment managers, institutional investors and brokers.

IBFX is officially represented in many countries:

  • China,
  • Hong Kong,
  • South Africa,
  • New Zealand,
  • Singapore.

Money Deposit and Withdrawal

IBFX offers next ways of depositing:

  • WebMoney (depositing period – 1 business day);
  • PayPal (depositing period – 1 business day);
  • Skrill (1 business day);
  • QIWI (1 business day);
  • Credit/debit cards (2-3 business days);
  • Wire transfer (1-3 business days);
  • Western Union (1 business day).

Withdrawal operations are performed the same way and during the same time periods.

Reliability

IBFX is a part of the famous financial giant Interbank FX, LLC.

IBFX is part of National Futures Association (NFA). Its financial activities are regulated by Australian Securities and Investment Commission (ASIC) and Commodity Futures Trading Commission (CFTC).

Here is the list of factors, that provide high liquidity and reliability of the company:

  • Unique trading, information and communication technologies, registered by Interbank FX;
  • Close partnership with world famous brokers and market makers;
  • Wide and diverse client base;

Along with trusted trading tools company introduces innovative features that increase number of its clients. IBFX was among the first Forex brokers who enabled segregated accounts registration that provides additional security for clients assets.

Furthermore, investment funds and institutional investors (along with independent traders) love to use risk management software, developed by Interbank FX, LLC experts.

Bonuses and Special Offers

Despite its innovativeness, IBFX doesn’t offer motivation programs (bonuses, contests, special offers) to its clients (both existing and potential).

Trading Account Types

IBFX clients also have no possibility to use wide range of trading accounts. They can choose one of two existing account types: mini and standard. The only difference is the maximum lot size, for mini account it is 1 lot, for standard – 50 lots.

The rest indexes are the same:

  • Minimum deposit – 0;
  • Minimum lot size – 0,01 lot;
  • Variable spread;
  • Average spread EUR/USD – 2,04 pips;
  • Minimum spread EUR/USD – 1,8 pips;
  • Trading platform МТ4, МТ5;
  • Five-unit quotes;
  • 26 majors currency pairs and precious metals.

You can open live trading account using one of the following currencies:

  • United States dollar;
  • Euro;
  • Japanese yen;
  • British pound sterling;

Along with live trading account clients can open demo accounts.

Trading Platform Types

IBFX broker provides the best and time-tested software and information products. For example, MetaTrader4 was chosen among the wide range of similar products as the most reliable and frequently used platform.

Technical Support

IBFX technical support service is one of the best among the forex brokers. You can get consultation and practical help of IBFX experts in such ways:

  • Multichannel phone;
  • E-mail;
  • Interactive website forum.

No matter what way of communication you will choose, response time won’t exceed 1-2 minutes. You can communicate with IBFX technical support service in the following languages:

  • English;
  • Arabic;
  • Spanish;
  • Chinese;
  • Portuguese;
  • Russian.

IBFX experts developed unique training programs for beginners and traders, who want to refresh their knowledge and increase their level of expertise.

Apart from this we need to mention the great library of the company’s website as well as News channel.

Pros of Trading with IBFX

One of IBFX characteristics is the unique orders execution system. It is unique because of the fast execution, which is extremely important for rapidly changing Forex market. Progressive trade and communication technologies allow to execute orders with 8 millisecond average speed. Also there is no such a thing as “requote”.

Cooperation with the largest liquidity providers allows IBFX to provide low spreads and competitive prices. Pricing system is transparent and economically reasonable.

The second advantage is clients assets security. IBFX pays additional attention to this question and spends a lot of money to improve security and risk management systems.

IBFX broker is focused on clients and confirms its declarations practically. Powerful and well thought-out training program for beginners, the best technical support service, accurate and precise execution of trading operations – all these factors allow IBFX to become one of the best currency broker in the world.

Cons

Complicated registration. Sending documents and their confirmation can take a month.

IBFX Reviews

MonkZew: In my personal brokers rating IBFX is on the top. I can’t say that know all brokers, but during the 8 years of Forex trading I’ve been working with at least 20 of them. IBFX has the fastest and the most precise orders execution. The same characteristics can be applied to the technical support service. There is nothing to criticize during 3 years of trading.

AlexFX: I’ve been working with this broker company for almost three years. There were no requotes. Orders are executed immediately. Spreads are fixed and on a suitable level. I’ve never saw such a great and cataloged thematic library before. Special thanks for the technical support service.

John1985: Very good broker. The platform is great, seems like it is ordinary МТ4, but it’s only at a first sight. There are plenty of useful expert advisors and unique indicators. Good job, thank you.

Scorpion15: Reliable broker, executes orders fast and precisely. But there is lack of trade platforms – there is only one old МetaTrader. There are no bonuses or special offers. Contests or tournaments don’t take place. Registration is very dull and takes plenty of time. It’s the stone age. Boring.

Conclusion

At first glance, IBFX makes a doubtful impression. Especially for beginners, who see shiny advertisements of other brokers that spends tons of money to attract new clients.

But it’s only the first impression. When you get acquainted with this company, you will get their two main goals:

  • Maximum safety of clients assets;
  • Comfortable conditions for trade execution.

The second goal fully explains, why there are no special offers and bonuses, and there are only one trading platform and two account types. Company does everything to eliminate factors, that distract you from main activity (trading).

If you want to compare brokers to cars, IBFX is like the Range Rover. Ascetic exterior, no spangles and chrome details inside. At the same time it’s reliable, powerful and has high trip performance.

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