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Compare Forex Brokers IBFX And FX Club US


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Subjective Ratings

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IBFX

FX Club US

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

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Business Details

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IBFX

FX Club US

 
Registered Business Name: Interbank FX, LLC Forex Club LLC
Broker Headquarters: Utah, USA New York, NY, USA
Also has offices in: London, UK none
Regulated By: NFA Member (0326091)
FCM registered with CFTC
NFA (0358265), registered with CFTC
In business since year: 2001 2006
Broker Capital as of 05-2009 $36,507,727 $20,847,578
Client Account Segregation: No No
Collect Taxes on Earnings: 1099 form sent to US-based clients (and IRS) 1099 form provided
Prohibit clients from: Yes Yes
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
Not loaded
Main liquidity providers: Bank of America, JP Morgan, Citigroup, Goldman Sachs Unknown

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Trading Details

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IBFX

FX Club US

 
Browser platform: None ActTrader Web,Rumus Web,Tradency
Downloadable platform: IBFX Meta Trader 4 (MT4) ActTrader,ExpressFX,Rumus
Mobile platform: None ActTrader iPhone/iPad,ActTrader Mobile,Forex Club Droid,Rumus Mobile
Phone dealing: Yes No
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:
Not loaded
Swap-free accounts   Yes, but some extra fees apply   No swap-free accounts available
Tradeable Instruments: 31    22   
No Dealing Desk Execution: Yes No, all order are routed through FX Club's dealing desk.
Typical spread on EUR/USD: 2 pips (0.0002) 0.8 pips (0.00008)
Fixed spreads: No No
Guaranteed stop losses? Orders are executed at best available price. No
Trailing Stops: Client-side Server-side
OCO orders available: No Yes,
If/then orders available: No Yes,
Hedging capability: Yes No hedging due to NFA regulation.
Automated Trading: Yes ActTrader & Tradency
Trading Hours: IBFX is open for trading from 6 PM EST on Sunday until 4 PM EST on Friday. 21.00 GMT Sunday - 21.00 GMT Friday
Timezone GMT User-defined (on ActTrader)
Scalping allowed: Yes Yes, all trading methods are accepted.
Account currencies available: USD 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 English
Support languages: Chinese, English, Japanese, Portuguese, Spanish Chinese, English, Portuguese, Russian
Demo account: Unlimited 30 days
Live chat support: Sunday 21:00 GMT to Friday 21:00 GMT Yes
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. None at this time

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