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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  
Also has offices in: London, UK None
Regulated By: NFA Member (0326091)
FCM registered with CFTC
 
In business since year: 2001 2009
Broker Capital as of 05-2009 $36,507,727 Unknown
Client Account Segregation: No  
Collect Taxes on Earnings: 1099 form sent to US-based clients (and IRS)  
Prohibit clients from: 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
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  

Visit IBFX Visit Trading Point Forex

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    1   
No Dealing Desk Execution: Yes  
Typical spread on EUR/USD: 2 pips (0.0002) 1.9 pips (0.00019)
Fixed spreads: No  
Guaranteed stop losses? 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  
Automated Trading: Yes
Trading Hours: IBFX is open for trading from 6 PM EST on Sunday until 4 PM EST on Friday.  
Timezone GMT GMT
Scalping allowed: Yes  
Account currencies available: 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
Support languages: Chinese, English, Japanese, Portuguese, Spanish
Demo account: Unlimited  
Live chat support: Sunday 21:00 GMT to Friday 21:00 GMT  
Interest on Margin: No
Promotions & tournaments: Credit/Debit cards available to US citizens (does not draw on margin account). Many free trading tools available to clients.  

Visit IBFX Visit Trading Point Forex


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