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Interactive Brokers Forex Broker Review

by forex on September 5, 2009

About Interactive Brokers Forex Broker

interactive-forex-broker-reviewInteractive Brokers Forex Broker started their online forex trading in 1998, and are regulated by many financial intuitions, such as the United States Securities and Exchange Commission (www.sec.gov/), National Association of Securities Dealers (NASD), New York Stock Exchange (www.nyse.com/) and other financial institutions all over the globe.

Interactive Brokers Forex Broker accepts bank wire, checks and e-checks, but do not accept methods such as PayPal and Moneybookers. Their leverage starts at 1:20 to 1:50, not the best in the market. Their minimum lot size is 1 lot, and spreads vary (EUR or USD). Interactive Brokers Forex Broker is also oil trading forex broker, and also trades various other commodities.

Interactive Brokers Forex Broker is also notably one of the more reputable forex traders out there. Their assets are well managed, and they definitely have enough money in their company to keep on operating their online forex business.

However, it seems that Interactive Brokers Forex Broker needs to re-evaluate their customer services, as many clients of Interactive Brokers Forex Broker are complaining about the lack of response to consumer complaints.

Basic Broker Details

Site http://www.interactivebrokers.com/
Country of Origin USA
Accepted Deposit Modes Bank wire, cheques and e-cheques
Withdrawal Method Bank wire
Leverage 1:20 to 1:50
Regulation Body United States Securities and Exchange Commission (www.sec.gov/), National Association of Securities Dealers (NASD), New York Stock Exchange (www.nyse.com/)
Spread Up to 1 pip (EUR or USD)
Minimum Account Requirement $5,000

Pros of Interactive Brokers Forex Broker

* Very good institution, well funded

* Regulated by many financial institutions

Cons of Interactive Brokers Forex Broker

* Slow, unresponsive customer service

* $5000 needed to open an account

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