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Compare Forex Brokers IBFX And Fast Brokers


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Subjective Ratings

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IBFX

Fast Brokers

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Five 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 Four and Half star Customer Support Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Five 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

Fast Brokers

 
Registered Business Name: Interbank FX, LLC Fast Trading Services LLC
Broker Headquarters: Utah, USA Glendale, California, USA
Also has offices in: London, UK None
Regulated By: NFA Member (0326091)
FCM registered with CFTC
NFA (ID#: 0342002)
CFTC Registered
In business since year: 2001 2004
Broker Capital as of 05-2009 $36,507,727 Unknown
Client Account Segregation: No Yes (some restrictions apply)
Collect Taxes on Earnings: 1099 form sent to US-based clients (and IRS) No
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
BPS Electronic Funds $0 $0
Check $0 $0
Credit Card $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Bank of America, JP Morgan, Citigroup, Goldman Sachs Currenex®, Integral®, Fortex®, Stonex

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Trading Details

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IBFX

Fast Brokers

 
Browser platform: None Fast Brokers Currenex Java Classic
Downloadable platform: IBFX Meta Trader 4 (MT4) PathFinder Trader™
Mobile platform: None Coming Soon
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers DMA to multiple ECNs
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:
Pathfinder FUTURES N/A €/$2,500/unlimited 1 lot
Pathfinder Trader ECN2 50:1* $100,000/unlimited 100,000/unlimited
Pathfinder Trader non-US 200:1* €2,500/unlimited 10,000/unlimited
Pathfinder Trader US ECN 50:1* $2,500/unlimited 10,000/unlimited
Swap-free accounts   Yes, but some extra fees apply   Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 31    21   
No Dealing Desk Execution: Yes There is no dealing desk intervention
Typical spread on EUR/USD: 2 pips (0.0002) 0.4 pips (0.00004) on ECN2 feed
Fixed spreads: No Fixed spreads on Retail Accounts. Floating spreads on Pro and ECN Accounts.
Guaranteed stop losses? Orders are executed at best available price. No, orders are executed at best available price.
Trailing Stops: Client-side Client-side
OCO orders available: No Yes
If/then orders available: No Yes
Hedging capability: Yes Yes, a workaround to the NFA FIFO rule is in place, using separate feeds..
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 to Friday 04.00 PM EST
Timezone GMT User defined
Scalping allowed: Yes Yes, without restrictions
Account currencies available: USD CHF, EUR, GBP, 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 Many
Support languages: Chinese, English, Japanese, Portuguese, Spanish Armenian, Chinese, English, French, German, Indonesian, Italian, Persian, Portuguese, Spanish
Demo account: Unlimited 30 days
Live chat support: Sunday 21:00 GMT to Friday 21:00 GMT 24/5
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

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