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Forex forum trading
Interactive Brokers is a large financial trading company that has more than 39 years of experience in the brokerage industry; thereby making it one of the most experienced and established commercial brokers on the planet. Interactive Brokers started its brokerage business in and is primarily run out of its headquarters in Greenwich, Connecticut.
Interactive Brokers is not to be confused with a regular Forex broker that operates entirely through an online platform.
Instead, Interactive Brokers is an established company that is answerable to different regulatory agencies with regards to their brokerage practices and is held accountable for all of the transactions performed on the Interactive Brokers platform. Interactive Brokers is one of the very few companies that accept US traders along with traders from different parts of the world without any reservations.
IB is currently estimated to be transacting more than 1 million orders per day through its representative brokers, introducing brokers, and affiliates.
First of all, Interactive Brokers is a large financial company that follows the traditional brokerage model, which is designed to offer unprecedented market access to investors to trade the market as it is supposed to be traded. IB offers direct market access for its traders in place of a market maker platform, which is the most popular option in the market. The broker passes every order directly to the interbank liquidity provider, and all prices are transparent in nature without any intervention from the company or its employees.
The commission for each trade can range from 0. Interactive Brokers has made it convenient for their traders to access all the financial products through a single trading account, which ultimately helps traders to choose a market according to their specific requirements.
The safety of the broker is another reason that helps traders to enjoy complete peace of mind while depositing large sums of money, which seems to be the most common cause for anxiety among modern day traders.
The account maintenance cost is one of the primary drawbacks of an Interactive Brokers account, since; some traders might choose to trade in smaller lot sizes or might not trade as frequently as other traders. The Interactive Brokers trading platform is also designed in-house to offer access to the different markets through a single trading account.
Ordinary traders that are familiar with the existing Forex platforms will have to face a steep learning curve to understand the various features and functionalities of the IB Trader Workstation. Traders will have to spend quite a lot of time to get familiar with the platform before actually starting to trade.
Interactive Brokers mobile traders are also provided the mobile version of the IB Trader interface, which is individually customized for the iOS and Android devices. The company has put particular emphasis on developing the iOS Interactive Brokers apps, which have several advanced features such as security, in-depth chart and market information. Some of these functions are indeed missing from the Android apps, which suggest that IB is looking to capitalize only on the popularity of the Apple products.
Interactive Brokers is an international Forex broker that boasts of lower disparities between winning and losing accounts. Therefore, IB sees itself as a market leader regarding client satisfaction and customer retention, which is consistently proved by the significant number of positive reviews that are left by existing Interactive Brokers clients.
The trading conditions may seem out of reach for smaller retail traders, but the company does not target smaller traders due to the risk of losses due to high leveraged trading. Hence, if you are looking for more relaxed trading rules and lower entry costs, other broker options in the market may be able to fit your needs.