Interactive Brokers
Interactive Brokers (IB)is ranked among the top online forex brokers whose products and services you must read about before you choose an online broker for trading. Read this highly informative article on reviews of Interactive Brokers. Interactive Brokers has clearly become the forex traders choice over the countless other brokers. The active traders and investors find it an excellent, no-nonsense trading platform at hard-to-beat commission rates. The Universal account alone becomes the chief reason behind its popularity, for it saves the trader both hassle and time from messing with different account types and for different financial instruments like stocks, futures & options read on to know all about Interactive Brokers.
Once the trader learns how to use the system and gets the hang of it, he won’t find anything better than Interactive Brokers for quickly getting in and out of volatile markets.
A customizable trading platform, cutting-edge charting and research services, dynamic streaming quotes, tools for risk management and the ability to place orders that go directly to the market are some features what makes Interactive Brokers stand out, according the Interactive Brokers review.
Offering a complete functional demo version to try out for getting familiar with the various features, IB also allows the users to open a paper trading account prior to going "live" in the real markets. This is immensely helpful for the new inexperienced traders as they get time to fine-tune their trading strategies. Getting on with the Interactive Brokers review, it allows the traders to trade equities, exchange-traded funds (ETFs), options, futures, foreign exchange and bonds on global markets all from a single account in a single currency. Moreover they have a choice of which currency to use as your base currency while signing up. All these facilities are available from the powerful single interface on IB's Trader Workstation (TWS).this is a great feature as most other brokers require a trader to maintain separate accounts for stocks, futures and options. It is also important to mention about Interactive Brokers that their data-feed is not only available for a very low cost, but is strong enough too, to not be significantly affected during "fast markets".
IB is regulated by the SEC, NASD, NYSE, SFA and other regulatory agencies around the world. Payment options for the users are via Bank wire, checks and on-line check. The minimum account size is $5,000 with a minimum lot size of 1 lot. Leverage is provided from 1:20 to 1:50 with spreads as low as 1 pip on EUR/USD. The only disadvantages are that it has no MetaTrader4 software support and no mini Forex accounts .