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Compare Forex Brokers IBFX And Baron Forex


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Subjective Ratings

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IBFX

Baron Forex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Three star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Four and Half star Transaction Costs (spreads) Rating
User-friendliness: Four and Half star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four and Half star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating Three star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four star Average Rating

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Business Details

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IBFX

Baron Forex

 
Registered Business Name: Interbank FX, LLC BFX Capital Inc.
Broker Headquarters: Utah, USA Belize City, Belize
Also has offices in: London, UK New York, Toronto, Cyprus
Regulated By: NFA Member (0326091)
FCM registered with CFTC
IFSC (Belize) No. 6012909
In business since year: 2001 2008
Broker Capital as of 05-2009 $36,507,727 Unknown
Client Account Segregation: No Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE
Collect Taxes on Earnings: 1099 form sent to US-based clients (and IRS) No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Check $0 $0 - US clients only
Discover $20 Not available
MasterCard $20 Not available
Visa $20 Not available
Wire Transfer $0 $25
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0-$50 depending on
Wire Transfer $0 $0-$50 depending on
Main liquidity providers: Bank of America, JP Morgan, Citigroup, Goldman Sachs Several major banks in Switzerland and the UK

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Trading Details

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IBFX

Baron Forex

 
Browser platform: None None
Downloadable platform: IBFX Meta Trader 4 (MT4) Baron Forex Metatrader 4 (MT4)
Mobile platform: None None
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
50:1* No limits $1,000/$5,000,000
Mini Account 50:1* No minimum/$50,000 max $100/$500,000
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
Swap-free accounts   Yes, but some extra fees apply   Yes - no extra charges if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.
Tradeable Instruments: 31    26   
No Dealing Desk Execution: Yes Not available
Typical spread on EUR/USD: 2 pips (0.0002) 2 pips (0.0002) FIXED
Fixed spreads: No Yes
Guaranteed stop losses? Orders are executed at best available price. Yes, stop loss orders are guaranteed against slippage
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes, clients can hold both long and short positions in the same currency pair at the same time.
Automated Trading: Yes Yes
Trading Hours: IBFX is open for trading from 6 PM EST on Sunday until 4 PM EST on Friday. Sunday 5:00 PM New York time until Friday 4:30 PM New York time
Timezone GMT GMT datafeed
Scalping allowed: Yes Yes, traders are free to practice any trading style.
Account currencies available: USD CAD, EUR, USD
Platform languages: Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: Chinese, English, Japanese, Portuguese, Spanish English, Spanish
Demo account: Unlimited 30 days
Live chat support: Sunday 21:00 GMT to Friday 21:00 GMT Yes, excellent support is available during trading hours.
Interest on Margin: No No
Promotions & tournaments: Credit/Debit cards available to US citizens (does not draw on margin account). Many free trading tools available to clients. $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded.

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