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Compare Forex Brokers IBFX And FxPro


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Subjective Ratings

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IBFX

FxPro

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Two and Half 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 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 and Half 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 Four and Half star Average Rating

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Business Details

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IBFX

FxPro

 
Registered Business Name: Interbank FX, LLC FxPro
Broker Headquarters: Utah, USA Limassol, Cyprus
Also has offices in: London, UK London, Nice, Vienna, Athens, Moscow
Regulated By: NFA Member (0326091)
FCM registered with CFTC
CySEC and ECB through MiFID
In business since year: 2001 2006
Broker Capital as of 05-2009 $36,507,727 Unknown
Client Account Segregation: No Hellenic Bank, Eurobank, HSBC
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
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Bank of America, JP Morgan, Citigroup, Goldman Sachs FXPro is the counter party to all trades.

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Trading Details

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IBFX

FxPro

 
Browser platform: None FxPro WebTrader
Downloadable platform: IBFX Meta Trader 4 (MT4) FxPro Metatrader 4 (MT4)
Mobile platform: None FxPro WebTrader
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers Market Maker
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:
FXPro Account 500:1* $500/unlimited 10,000/unlimited
Swap-free accounts   Yes, but some extra fees apply   No swap-free accounts available
Tradeable Instruments: 31    105   
No Dealing Desk Execution: Yes No
Typical spread on EUR/USD: 2 pips (0.0002) 0.8 pips (0.00008)
Fixed spreads: No No, spreads vary according to market liquidity
Guaranteed stop losses? Orders are executed at best available price. All orders are executed at best available price.
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes - no extra margin is used.
Automated Trading: Yes Yes, on MT4
Trading Hours: IBFX is open for trading from 6 PM EST on Sunday until 4 PM EST on Friday. Sunday 22.00 GMT closing Friday 22.00 GMT
Timezone GMT GMT+2
Scalping allowed: Yes Yes
Account currencies available: USD CHF, EUR, GBP, JPY, 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 Arabic, Chinese, English, Farsi, French, German, Greek, Hindi, Italian, Japanese, Korean, Polish, Romanian, Russian, Spanish
Demo account: Unlimited Unlimited
Live chat support: Sunday 21:00 GMT to Friday 21:00 GMT Yes, very knowledgeable.
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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