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Compare Forex Brokers IBFX And Sigma Forex


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Subjective Ratings

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IBFX

Sigma Forex

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Zero 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 Zero Customer Support Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating Zero Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Zero Withdrawal processing Rating
Average rating: Four and Half star Average Rating Two and Half star Average Rating

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Business Details

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IBFX

Sigma Forex

 
Registered Business Name: Interbank FX, LLC Sigma Forex
Broker Headquarters: Utah, USA Oslo, Norway
Also has offices in: London, UK Virtual Office in Zurich, Switzerland
Regulated By: NFA Member (0326091)
FCM registered with CFTC
Unregulated
In business since year: 2001 2003
Broker Capital as of 05-2009 $36,507,727 Unknown
Client Account Segregation: No No
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
e-Gold $0 $0
Wire Transfer $0 $0
Main liquidity providers: Bank of America, JP Morgan, Citigroup, Goldman Sachs Private investors

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Trading Details

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IBFX

Sigma Forex

 
Browser platform: None None
Downloadable platform: IBFX Meta Trader 4 (MT4) Metatrader 4 (MT4)
Mobile platform: None None
Phone dealing: Yes No
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:
No Dealing Desk Account 500:1* $2,000/unlimited $1,000/$50,000,000
Dealing Desk Account 500:1* $500/unlimited $1,000/$50,000,000
Swap-free accounts   Yes, but some extra fees apply   - All accounts are swap-free
Tradeable Instruments: 31    26   
No Dealing Desk Execution: Yes Apparently available, but maybe misleading information
Typical spread on EUR/USD: 2 pips (0.0002) 1 pip (0.0001)
Fixed spreads: No No
Guaranteed stop losses? Orders are executed at best available price. No
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, on MT4
Trading Hours: IBFX is open for trading from 6 PM EST on Sunday until 4 PM EST on Friday. Sunday 24:00 GMT to Friday 24:00 GMT
Timezone GMT GMT
Scalping allowed: Yes No
Account currencies available: USD AUD, 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 Arabic, Bulgarian, Chinese, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: Chinese, English, Japanese, Portuguese, Spanish English
Demo account: Unlimited 30 days
Live chat support: Sunday 21:00 GMT to Friday 21:00 GMT Yes, but very poor
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. Win a $50 account if you predict price. Trading tournaments also available.

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