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Website: http://www.interactivebrokers.com
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Interactive Brokers claims to provide the following advantages:
- Tight interbank spreads as low as 0.5 pips
- Min deposit $10 000 for individuals
- Leverage up to 40:1
- Direct access to interbank forex quotes with no hidden price spreading, no markup, no kickbacks. Just the combination of real time prices from 11 of the world's largest FX dealing banks plus a transparent, low commission that avoids the conflict of interest of FX platforms which deal for their own account.
- Market structure like an ECN: order book that allows you to set orders away from or between the markets, and trade with other IB clients as well as with the liquidity providing banks.
- Multi-instrument: you can trade forex cash (spot) side by side on the same system, even the same window, with forex futures, fx options, and other asset classes such as stocks, bonds, and futures.
- Funds safety: Interactive Brokers Group and its sister affiliates hold over $4 billion in equity capital
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