IBFX Forex Company

Name of the Company Interbank FX
Established In 2001
Online since 2001
International Offices Australia, Korea, Republic of United States
Payment Methods Check, Credit Cards, Debit Cards, Wire Transfer
Demo Account and Platforms Meta Trader 4 and Meta Trader 5 ( All Limited with 20 days of inactivity)
Account currencies Australian Dollar and United States Dollar
Different Currency Pairs AUD/CAD  AUD/CHF  AUD/JPY








Regulated or Registered By ASIC, CFTC/NFA,
Are US Traders Allowed? Yes
Languages in which website is available Arabic, Chinese, English
Languages in which support is available Arabic, Chinese, English
Different Support Methods Email, Live Chat, Office, Phone
Types of Account (micro standard executive islamic) Standard, Mini
Minimum Deposit in Accounts $100
Minimum position size 0.01 lot
Type of Spread Variable
Typical spread on EUR/USD, pips 2.04
Minimum spread on EUR/USD, pips 1.8
Is Use of Expert Advisor Allowed Allowed
Types of Trading instruments (GOLD; CFD, etc. and the leverage) Forex- 1:50
Real Trading platforms Meta Trader 4
Digits after the dot in quotes 5
Total Number of Currency Pairs 24
Any Trading contests Yes
Is Free education Available Yes
Is Trading by telephone Allowed Yes
Islamic accounts available Yes
Do they have Trailing stop Yes
Do they have Pending orders Yes
Mobile trading Allowed Yes
Automated trading Present Yes

ibfxIBFX or Interbank FX is a well-known brokerage firm in the forex market. The company was founded in the year 2001 and they also started their internet based online trading system with the aim of reaching out to traders all over the world. They are famous in the forex market for their liquidity pool and the lowest spread even when it is variable. They have a very friendly website and the users can easily browse through it. It is very easy to understand as it is available in many languages and have tutorials which help the traders of all types to hone their trading skills. They also offer many tips and explanations which help the trader to understand the forex market better. They also conduct various trading contests which keep the trader engaged in activities other than trading. A few other features of importance to traders are, trading through telephone, trailing stop, pending orders, mobile trading and automated trading. The payment can be made through debit cards, credit cards, check and wire transfers.

The currencies that are allowed in a trader’s account are Australian Dollar and United States Dollar. The company is regulated in Australia by ASIC and in USA by CFTC /NFA and hence is very much reliable. They allow trading in 24 currency pairs which include all the major pairs. The customer support service is excellent and is also multilingual. For demo account they offer Meta Trader 4 and Meta Trader 5 as the trading platform whereas for real trading accounts they allow only Meta Trader 4. The demo account is available only for 20 days after which it becomes inactive. They offer two types of trading account that is Standard and Mini and the minimum deposit required to open an account with them is $100.

The reviews are the best way to know about the service offered by a company and its performance in the market. The reviews for IBFX forex are very positive and they have many satisfied customers. The reviews shows that they like their variable spread as it is very tight and this reduces their expense and maximizes the profit. The Meta Trader 4 platform is very much expandable and can be easily customized as per the trader’s trading needs. Though the number of payment options is very limited the reviews speak that the whole process of deposit and withdrawal of the funds is easy and hassle free. They do not charge any commission on the trade that is done and is liked by many traders. The charting and analysis of trade provided by the company is excellent and is liked by many traders. A few disadvantages of trading from their account are that they offer only forex as the trading instrument and that the leverage on the same is only 1:50. They rollover the interest and is not liked by many traders. However, the overall review is very positive and the average rating given to the company by its users is 5.9 out of 10.

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