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Compare Forex Brokers IBFX And FXcast


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Subjective Ratings

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IBFX

FXcast

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Three and Half star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Four 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 Three 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 star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Three and Half star Average Rating

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Business Details

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IBFX

FXcast

 
Registered Business Name: Interbank FX, LLC FXcast, a Surplus Finance S.A. Company
Broker Headquarters: Utah, USA Mauritius
Also has offices in: London, UK Central Europe, Indonesia, China, Middle East, Malaysia, Africa
Regulated By: NFA Member (0326091)
FCM registered with CFTC
FSC Mauritius under the Financial Services Development Act 2001
In business since year: 2001 2007
Broker Capital as of 05-2009 $36,507,727 Unknown
Client Account Segregation: No Yes, funds held at Pireaeus Bank, Cyprus
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
AlertPay $0 1% (min. $8)
c-Gold $0 1% (min. $8)
CC by Moneybookers 2% 2%
Liberty Reserve $0 1% (min. $8)
MasterCard 5.5% Withdraw to bank acc
Moneybookers $0 1% ($8 min.)
Perfect Money $0 0.5% (min. $8)
Solid Trust Pay $0 1% (min. $8)
StrictPay $0 1% (min. $8)
Visa 5.5% Withdraw to bank acc
WebMoney $0 $5
Wire Transfer $0 1.5% ($30-$65)
Main liquidity providers: Bank of America, JP Morgan, Citigroup, Goldman Sachs Unknown

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Trading Details

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IBFX

FXcast

 
Browser platform: None None
Downloadable platform: IBFX Meta Trader 4 (MT4) FXcast MetaTrader 4 (MT4)
Mobile platform: None FXcast Metatrader 4 (MT4) Mobile
Phone dealing: Yes No
Order processing: Straight-through to multiple liquidity providers Market Maker or Straight-Through Processing based on lots traded and risk profile as determined by FXcast risk server
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:
Standard Account 400:1 $10/unlimited 1,000/5,000,000
Swap-free accounts   Yes, but some extra fees apply   Swap-free accounts incur a $0.05 fee per 1,000 unit round-turn trade.
Tradeable Instruments: 31    36   
No Dealing Desk Execution: Yes Available
Typical spread on EUR/USD: 2 pips (0.0002) 2 pips (0.0002)
Fixed spreads: No Yes
Guaranteed stop losses? Orders are executed at best available price. Yes - all limit orders experience NO slippage
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: Yes Yes
Trading Hours: IBFX is open for trading from 6 PM EST on Sunday until 4 PM EST on Friday. Sunday 11:00 p.m. GMT and end each Friday 11:00 p.m.
Timezone GMT GMT
Scalping allowed: Yes No
Account currencies available: USD 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, Chinese, Croatian, English, French, German, Indonesian, Malay, Portuguese, Russian
Support languages: Chinese, English, Japanese, Portuguese, Spanish Chinese, English, French, German, Indonesian, Malay, Portuguese, Russian, Spanish
Demo account: Unlimited 4 weeks
Live chat support: Sunday 21:00 GMT to Friday 21:00 GMT Yes - 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. On-going tournaments - visit site for details.

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