Top Options
78/ 100
Regulated: Regulated by the CFTC and NFA
Min Deposit: $2,000
Min Trade Amount: 0.01 Mini Lots
US Clients:
Max Trade Amount: 50 Standard Lots
Leverage: 50:1
Free Demo Account:
Trading Platform: MT4, TradeStation, IBFXConnect
Payment METHOD NAME Charge Time


Full Review

About IBFX

InterbankFX or IBFX is an STP broker that began its operations in 2001 with headquarters in Salt Lake City, Utah. IBFX is an American brokerage service, which is regulated as a Futures Commission Merchant by the Commodity Futures Trading Commission (CFTC). IBFX is also a member of the National Futures Trading Commission (NFA).


Special Offers and Bonuses

The CFTC frowns at brokers issuing bonuses to traders, so IBFX does not give any form of bonuses to traders. However, traders can qualify for the newly created rebates program. Customers who open a new account at Interbank FX (IBFX) can earn up to $2,500 dollars in rebates. The IBFX customer rewards program will run through the end of the year. Traders will have 90 days from once the account has been funded to trade the required amount of lots required to receive a rebate.


Types of Trading Accounts

The following account types are obtainable on IBFX:

a)    Mini account: Leverage allowed on the mini account is 50:1, with a minimum trade size of 0.01 mini lots and a maximum trade size of 500 mini lots. There is a no-swap variation of this account to conform with the requirements of non-interest trading.

b)    Standard account: The standard account features a leverage of 50:1, with a minimum trade size of 0.01 Standard lots and a maximum trade size of 50 Standard lots. This account also comes with a no-swap option.

Traders who use the MT4 and TradeStation platform can use EAs programmed with MQL and Lua respectively on these platforms. The IBFX tools section also features custom software which can be used on MT4.


Trading Platform Features

Platforms are the gateway to the forex market, and IBFX offers the following platforms to its clients:

a)    MT4: IBFX provides its clients the MetaTrader 4 platform. This platform has been enhanced by the development of custom indicators which can be used for pattern recognition and candlestick recognition. There is also an Autochartist plug-in available for use.

b)    TradeStation: The TradeStation forex platform has been developed for the use of professional-grade traders. This allows for more in-depth market analysis using customizable charts, market scanning and chart pattern recognition.

c)     TradeStation Ifx: This variation of the TradeStation platform is used for institutional level trading. The features include institutional spreads and Level II quotes, STP trading, etc.

d)    IBFX Connect is the social trading suite which connects to ZuluTrade and Currensee social trading platforms.


Commissions and Spreads

When trading currencies on IBFX, traders can expect to get the following spreads shown in this table below:

CURRENCY PAIR Spreads(As low as) Average Spreads
EUR/USD 1.8 1.92
USD/JPY 2.0 2.14
GBP/USD 2.0 2.40
USD/CHF 2.0 2.33
USD/CAD 2.0 2.26
AUD/USD 2.4 2.60
AUD/CAD 3.0 3.62
AUD/CHF 3.0 3.54
AUD/JPY 3.0 3.49
AUD/NZD 3.0 3.99
CHF/JPY 3.0 3.60
EUR/AUD 3.0 3.36
EUR/CAD 3.0 3.71
EUR/CHF 2.4 3.02
EUR/GBP 2.2 2.49
EUR/JPY 2.2 2.62
EUR/NZD 3.0 4.18
GBP/CHF 3.0 3.80
GBP/JPY 3.0 3.89
GBP/NZD 3.0 4.70
NZD/CHF 3.0 3.79
NZD/JPY 3.0 3.71
NZD/USD 2.4 2.95
USD/SGD 4.0 4.77


Charting Packages

All platforms come with interactive charting packages. In addition, IBFX has developed a number of tools which can be applied to the charts. These tools cover pivot points, pattern recognition, expert advisors and indicators.


Education and Demo Accounts

IBFX has an extensive forex trading course in which traders are taught aspects of forex pricing, margin and leverage as well as all they need to know about the currencies they will be trading. This course is available on the IBFX website.

The course mentioned above also has sections on trading strategies, technical analysis and fundamental analysis. There is also an introductory course on forex software programming, and a schedule of seminars and webinars hosted by in-house experts.

No matter the platform type, IBFX presents its clients with free and unlimited demo trading accounts.


Customer Service

The customer service desk of IBFX can be reached through the following means:

a)        Phone: 1 – 800 – 884 – 912 (Australia)

4001 – 202641 (China)

800 – 933807 (Hong Kong)

001 – 803 – 017 – 9112 (Indonesia)

1 – 800 – 813 – 776 (Malaysia)

0800 – 445647 (New Zealand)

800 – 101 – 2097 (Singapore)

0 – 800 – 980 – 319 (South Africa)

00 – 800 – 332 – 31699 (Taiwan)

0 – 808 – 120 – 1966 (United Kingdom)

866 – 468 – 3739 (United States)

+1 – 801 – 930 – 6800 (International)


b)        Online Email contact form

c)         Live Chat – from 6pm EST on Sunday – Friday 4pm EST.


Deposit and Withdrawals

Deposits and withdrawals can be performed on the IBFX platform using bank wires, credit cards and checks.

a)    Bank wires: Available to traders worldwide, there are no deposit or withdrawal limits. However, withdrawal transactions attract a $25 fee.

b)    Credit cards: Also available to a worldwide target market, there is a limit of $2,000 on account deposits. This method requires extra verification where the user supplies certain credit card information to confirm ownership.

c)     Only US-based clients can use checks, as these require US bank accounts to function. The deposit limit is set at $20,000.


Deposit Limits

While there are no minimum deposit limits on IBFX, there are maximum deposit limits which are imposed on certain methods of transaction. For credit cards and checks, this is set at $20,000.


Withdrawal Limits

There are no minimum or maximum withdrawal limits except the ones imposed for certain methods of transaction.  Withdrawals are sent to the same method of transaction used for the deposit of initial funds received. The recipient’s name on withdrawal requests must match that of the account holder as well names supplied on personal and residence identification documents.



For traders who want to trade with a US-based broker, IBFX presents a very viable option. From some of its past controversies and run-ins with regulators, INFX has striven to improve the experience of their clients by providing a vast array of tools and educational materials for the benefit of traders. Traders who use IBFX can thus be assured of a safer environment to trade as well as get an enhanced trading experience.