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Compare Forex Brokers IBFX And Trading Point Forex


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Subjective Ratings

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IBFX

Trading Point Forex

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

Trading Point Forex

 
Registered Business Name: Interbank FX, LLC Trading Point of Financial Instruments
Broker Headquarters: Utah, USA Limassol, Cyprus
Also has offices in: London, UK None
Regulated By: NFA Member (0326091)
FCM registered with CFTC
FSA (UK), Bafin (Germany), FI (Finland), CySEC (Cyprus)
In business since year: 2001 2009
Broker Capital as of 05-2009 $36,507,727 Unknown
Client Account Segregation: No Yes, client funds are segregated from company operating capital.
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
Liberty Reserve $0 $0
Moneybookers $0 $0
NETeller $0 $0
Wire Transfer $0 $0
Main liquidity providers: Bank of America, JP Morgan, Citigroup, Goldman Sachs Unknown

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Trading Details

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IBFX

Trading Point Forex

 
Browser platform: None None
Downloadable platform: IBFX Meta Trader 4 (MT4) Trading Point Metatrader 4 (MT4)
Mobile platform: None No
Phone dealing: Yes Yes
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:
Micro 500:1* $1/$3,000 1,000/100,000 units Swap-free (Islamic) optional
Executive 100:1* $100,000/unlimited 100,000/5,000,000 units Swap-free (Islamic) optional
Standard 200:1* $3,000/$100,000 100,000/5,000,000 units Swap-free (Islamic) optional
Swap-free accounts   Yes, but some extra fees apply   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 31    58   
No Dealing Desk Execution: Yes All orders are automatically routed straight through. Dealing desk exists only to deal over the phone.
Typical spread on EUR/USD: 2 pips (0.0002) 1.9 pips (0.00019)
Fixed spreads: No Optional (variable by default, but client can request fixed)
Guaranteed stop losses? Orders are executed at best available price. No, 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, traders can hold both long and short positions in the same currency pair at the same time.
Automated Trading: Yes Yes
Trading Hours: IBFX is open for trading from 6 PM EST on Sunday until 4 PM EST on Friday. 00:00 GMT Sunday - 00:00 GMT Friday
Timezone GMT GMT
Scalping allowed: Yes Yes, all trading methods are accepted.
Account currencies available: USD AUD, 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 English, French, Greek, Japanese, Malay, Polish, Russian, Spanish
Demo account: Unlimited 30 days
Live chat support: Sunday 21:00 GMT to Friday 21:00 GMT Yes
Interest on Margin: No Yes on unused margin
Promotions & tournaments: Credit/Debit cards available to US citizens (does not draw on margin account). Many free trading tools available to clients. 20% bonus on initial deposit, 10% on all subsequent deposits.

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