Regulators: FOREX. com has been a registered Retail Foreign Exchange Dealer RFED and a registered Futures Commission Merchant FCM with the U. Commodities Futures Trading Commission CFTC since , as well as being a member of the U. National Futures Association NFA operating under NFA ID number Founded in by trader Thomas Peterffy as T. Interactive Brokers provides direct access to over different worldwide markets. The broker is represented on many major world stock and commodity exchanges, and it offers trading in forex, stocks, futures, listed options, bonds, gold and cryptocurrencies.

The proprietary trading platforms offered by Interactive feature its flagship desktop Trader Workstation TWS and its web-based Client Portal. Other platforms available at Interactive include the IBKR EventTrader and IMPACT, an investment app for stocks, options and cryptocurrencies.

While Interactive does not actively promote or offer other platforms or add-on software of outside vendors, the TWS operates with an open application programming interface API. The API allows third-party vendors to create scripts for the TWS. MetaQuotes Software offers the oneZero Hub Gateway that allows MetaTrader 5 to be used to trade IBKR accounts. oneZero is not available for individual accounts.

Instruments: Offering perhaps the best selection of tradable assets and investment products of any online broker, Interactive Brokers will suit the needs of retail and professional multi-asset traders and investors worldwide. Minimum trade: Minimum trade amounts at Interactive depend on the type of asset involved.

Retail forex traders can trade in standard lots of , base currency units and mini lots of 10, base currency units. Regulators: As a U. The global broker also maintains memberships on most major world stock and commodities exchanges. Because of its worldwide presence, with representation in markets in 33 countries, Interactive has oversight from most major world regulators, including the U. Financial Conduct Authority FCA under Reference Number These include volatility and available liquidity among other factors.

These numbers are adjusted every first trading day of the calendar month. The spreads noted below represent spreads outlined on the FOREX. com website. Interactive Brokers offers some of the lowest fees, commissions and margin rates in the business. Because it provides this transparent pricing structure and instead of marking up quotes and charging no commission, a commission is charged by Interactive based on the combined Monthly Trade Value of Spot Currency trades.

Found on the top of the FOREX. It includes the following features:. Interactive Brokers provides traders with access to a wide range of premium market research and news providers either free of charge or for a subscription fee. Research services are also available to demo account holders without additional funding or approval. You can click here to check out the full list of research services offered by Interactive. Make sure to click on each tab if you wish to view the relevant available options under it.

A summary of each research tab appears below. Both FOREX. com and Interactive Brokers are well-regulated and reputable online brokers that serve as top trading partners to their targeted clientele.

Depending on whether you plan on trading forex more or less exclusively or if you want to trade other asset types worldwide, the choice between Interactive Brokers and FOREX. com can easily be made.

Also, less experienced forex traders can access decent educational materials geared specifically towards the forex market at FOREX. com, while the educational resources at Interactive Brokers tend to cater to more experienced traders and cover a variety of different financial markets. com deals exclusively with forex and CFDs. IBKR may not be the best choice for a beginning trader. Basically, the broker has a less intuitive trading platform and offers a wide range of assets more suitable for the advanced multi-asset trader.

com would probably be a better fit for your needs. Yes, IBKR features an ECN-type model for forex trade executions, so you get access to the highly-competitive Interbank forex market.

This lets IBKR offer some of the tightest forex dealing spreads in the business. On the downside, IBKR does not support the popular MetaTrader 4 and 5 platforms that allow forex trading to be easily automated. Your optimal choice of trading platform will probably depend on your level of expertise and whether you want to trade multiple assets or just forex.

The TWS platform offered by Interactive Brokers is aimed more at advanced traders and seems less intuitive to navigate, but it allows you to trade forex along with stocks and other tradable assets from around the world. com focuses instead on offering forex and CFD trading and supports the NinjaTrader third-party trading platform and the MetaTrader 4 and 5 platforms that offer algorithmic and social trading options and an extensive user community that retail traders new to the forex market can benefit from conversing with.

com , registered with the Commodity Futures Trading Commission CFTC , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. Learn more about FOREX.

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Futures Brokers. Crypto Brokers. Options Brokers. ETF Brokers. Mutual Fund Brokers. Index Fund Brokers. Bond Brokers. Short Selling Brokers. Stock Apps. All Broker Reviews. Workers Comp. Invest in Art. Invest in Watches. Invest in Land. Invest in Real Estate. Invest in Wine. Invest in Gold. In the Contract Selection box, choose GBP as the Currency settlement currency from the list in the right pane. You will then receive the quote USD. GBP, with the Bid: 0.

To buy USD 10,, click on the ask and enter 10, as the quantity of USD that you wish to buy. You will pay GBP 0. Thus, you will pay GBP 6, To sell USD 10,, click on the bid and enter 10, as the quantity of USD that you wish to sell. You will receive GBP 0. Thus, you will receive GBP 5, For more details, see the Forex Products pages on the IB website. Trade FX from the Trading Window If you have a multi-currency margin account, you can trade domestic and foreign securities and currencies from the same account.

To trade FX from the trading window Add a market data line using the traded currency pair.

Benzinga readers love FOREX. com for all their trading needs! This review compares the services of FOREX. com vs. Interactive Brokers , which are two of the best-known names in the online brokerage business. In brief, FOREX. com caters mainly to forex traders, while Interactive Brokers caters more to international multi-asset traders and investors.

Determining which online broker would suit you better will depend on your trading needs and preferences since both offer excellent services. com review and its Interactive Brokers review. com was founded as part of GAIN Capital Holdings to provide online brokerage services for the retail forex and contract for difference CFD markets in the U.

and abroad. The FOREX. com currently provides forex brokerage services to , customers in 18 countries across 5 continents. The broker employs more than 3, people and averages an impressive 0. com lets you trade in over markets and provides an easy-to-use trading venue for more than 80 different currency pairs, popular equities and stock indices, commodities like silver and gold, a wide variety of CFDs and selected futures contracts through its FuturesOnline affiliate.

While FOREX. com does not offer negative balance protection to U. com U. to take advantage of ESMA-mandated security features like negative balance protection and guaranteed stop-loss orders. Mobile App: FOREX. The app provides a clear interface that allows you to build custom watchlists and keep an eye on all of your favorite markets.

The app features other useful trading tools including Performance Analytics to examine specific trading behaviors and habits and the Smart Signals signal generator tool that alerts you to trading opportunities identified by FOREX. The fully customizable mobile app also provides advanced charts packed with helpful features including the ability to trade directly from charts, 80 technical indicators, multiple chart types, 14 time intervals and advanced drawing tools.

Instruments: FOREX. com gives you access to trade forex currency pairs, unleveraged spot gold and silver and a wide range of CFDs. You can also trade futures and options on futures through its affiliate, FuturesOnline. FuturesOnline lets you trade futures on the Smalls Exchange, which offers standardized index futures contracts with smaller lot sizes than those of regular futures contracts.

Minimum trade amount: Depending on the account type you select, FOREX. com supports trading in standard lot sizes of , base currency units, mini lots of 10, base currency units and micro-lots of 1, base currency units. Regulators: FOREX. com has been a registered Retail Foreign Exchange Dealer RFED and a registered Futures Commission Merchant FCM with the U.

Commodities Futures Trading Commission CFTC since , as well as being a member of the U. National Futures Association NFA operating under NFA ID number Founded in by trader Thomas Peterffy as T.

Interactive Brokers provides direct access to over different worldwide markets. The broker is represented on many major world stock and commodity exchanges, and it offers trading in forex, stocks, futures, listed options, bonds, gold and cryptocurrencies.

The proprietary trading platforms offered by Interactive feature its flagship desktop Trader Workstation TWS and its web-based Client Portal. Other platforms available at Interactive include the IBKR EventTrader and IMPACT, an investment app for stocks, options and cryptocurrencies.

While Interactive does not actively promote or offer other platforms or add-on software of outside vendors, the TWS operates with an open application programming interface API. The API allows third-party vendors to create scripts for the TWS. MetaQuotes Software offers the oneZero Hub Gateway that allows MetaTrader 5 to be used to trade IBKR accounts. oneZero is not available for individual accounts. Instruments: Offering perhaps the best selection of tradable assets and investment products of any online broker, Interactive Brokers will suit the needs of retail and professional multi-asset traders and investors worldwide.

Minimum trade: Minimum trade amounts at Interactive depend on the type of asset involved. Retail forex traders can trade in standard lots of , base currency units and mini lots of 10, base currency units.

Regulators: As a U. The global broker also maintains memberships on most major world stock and commodities exchanges. Because of its worldwide presence, with representation in markets in 33 countries, Interactive has oversight from most major world regulators, including the U. Financial Conduct Authority FCA under Reference Number These include volatility and available liquidity among other factors. These numbers are adjusted every first trading day of the calendar month. The spreads noted below represent spreads outlined on the FOREX.

com website. Interactive Brokers offers some of the lowest fees, commissions and margin rates in the business. Because it provides this transparent pricing structure and instead of marking up quotes and charging no commission, a commission is charged by Interactive based on the combined Monthly Trade Value of Spot Currency trades. Found on the top of the FOREX. It includes the following features:.

Interactive Brokers provides traders with access to a wide range of premium market research and news providers either free of charge or for a subscription fee. Research services are also available to demo account holders without additional funding or approval. You can click here to check out the full list of research services offered by Interactive. Make sure to click on each tab if you wish to view the relevant available options under it.

A summary of each research tab appears below. Both FOREX. com and Interactive Brokers are well-regulated and reputable online brokers that serve as top trading partners to their targeted clientele. Depending on whether you plan on trading forex more or less exclusively or if you want to trade other asset types worldwide, the choice between Interactive Brokers and FOREX.

com can easily be made. Also, less experienced forex traders can access decent educational materials geared specifically towards the forex market at FOREX. com, while the educational resources at Interactive Brokers tend to cater to more experienced traders and cover a variety of different financial markets. com deals exclusively with forex and CFDs. IBKR may not be the best choice for a beginning trader. Basically, the broker has a less intuitive trading platform and offers a wide range of assets more suitable for the advanced multi-asset trader.

com would probably be a better fit for your needs. Yes, IBKR features an ECN-type model for forex trade executions, so you get access to the highly-competitive Interbank forex market.

This lets IBKR offer some of the tightest forex dealing spreads in the business. On the downside, IBKR does not support the popular MetaTrader 4 and 5 platforms that allow forex trading to be easily automated. Your optimal choice of trading platform will probably depend on your level of expertise and whether you want to trade multiple assets or just forex. The TWS platform offered by Interactive Brokers is aimed more at advanced traders and seems less intuitive to navigate, but it allows you to trade forex along with stocks and other tradable assets from around the world.

com focuses instead on offering forex and CFD trading and supports the NinjaTrader third-party trading platform and the MetaTrader 4 and 5 platforms that offer algorithmic and social trading options and an extensive user community that retail traders new to the forex market can benefit from conversing with. com , registered with the Commodity Futures Trading Commission CFTC , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.

Learn more about FOREX. My Account. Benzinga Plus. Log In. Our Services. News Earnings. Retail Sales. Insider Trades. Markets Pre-Market. After Hours. Binary Options. CME Group. Global Economics.

Penny Stocks. Digital Securities. Ratings Analyst Color. Price Target. Ideas Trade Ideas. Covey Trade Ideas. Long Ideas.

To buy GBP 10,, click on the ask and enter 10, as the quantity of GBP that you wish to buy. Invest in Art. Yes, IBKR features an ECN-type model for forex trade executions, so you get access to the highly-competitive Interbank forex market. Largest Increase. IBKR EventTrader lets investors use event contracts to trade their opinion on yes-or-no questions in key markets. Best Stocks to Day Trade.

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