News  |  Media  |  Help  |  About  |  Contact

Ratings

Overall Star Star Star
Commissions & Fees Star Star
Customer Service Star Star Star Star
Tools & Research Star Star Star
Ease of Use Star Star Star Star
Investment Offering Star Star
Education Star Star Star
Mobile Trading Star Star

Trade Commissions

Forex Trades* $15.50
Clearing Method* Dealing Desk
Broker Assisted* $0.00
Min. Deposit $0.00
Min. Contract Size Micro
Max. U.S. Leverage 50:1
Max. Int'l Leverage 50:1
Get Started

Typical Spreads

  • EURUSD2.1
  • GBPUSD3.7
  • USDJPY2.7
  • USDCHF3.4
  • AUDUSD2.9

Highlights

  1. Interbank has 35,000 clients in over 140 countries around the world
  2. Interbank customers can receive reloadable Mastercard for easy account deposits and withdrawls
  3. Interbank FX offers free MT4 demo accounts that never expire

Account Features

  • Virtual Trading
  • No Minimum Deposit
  • No Maintenance Fees
  • No Dealing Desk
  • Online Trader Community
  • Investment Education

Mobile Trading

  • iPhone App
  • iPad App
  • BlackBerry App
  • Android App
  • Mobile Site

Customer Service

  • Phone Support
  • Email Support
  • Live Chat Support
  • 24/7 Customer Support

Trade Types

  • Stock Trading
  • FOREX Trading
  • Futures Trading

Interbank FX Forex Review

Forex Broker Review

 

Likes - Dozens of trading tools and Metatrader plug-ins; excellent customer support; 99% order execution rate.

Dislikes - No market commentary or economic analysis; only offer Metatrader 4 platform.

Bottom Line - Interbank FX is an online broker that has surrounded their business model on delivering an above average Metatrader experience.  While some traders maybe uncomfortable with the dealing desk environment, if Metatrader is your platform of choice, you'll appreciate what this brokerage has to offer. 

Interbank FX is an online broker that was founded in 2001 and is headquartered in Salt Lake City Utah.  While their platform offerings are limited and transaction costs a bit high, their knowledge and abilities within Metatrader are extensive.  They offer dozens of free indicators and automated trading systems for the platform, as well as provide assistance with automating client strategies.  The Mastercard deposit/withdraw program is a unique perk that makes moving funds around easy and transparent.

Commission Notes

Interbank FX accounts are set up to charge no commission and they are compensated through the bid ask spread.

Spreads - Interbank FX's spreads tend to fall in line with the rest of the industry having about 1 pip of additional spread inserted for the given currency pair.  Where Interbank FX is different is the fact they don't offer an alternative clearing structure to tighten their spreads.  In some sense it makes the broker discovery process easier because you know exactly what you're getting and you can be sure it's the same as every other Interbank client.

Micro Account - Interbank FX supports micro lot trading on the Metatrader platform.

Interbank FX was reviewed by StockBrokers.com on 2011-06-01 with an overall rating of 3 Stars.

forex-one-asterik.gif

forex-spread.gif

Open an Account

Compare Interbank FX