Forex Trading Landing

Forex Trading

  • Direct access
  • Liquidity provision
  • Order book display
  • Unconflicted brokerage
  • Transparent low commissions
  • Security of funds
  • A clear view of interbank quotes
  • From 17 of the world's largest foreign exchange dealing banks, that account for 60% of global market share¹
  • For dynamic order management
  • Agency only execution
  • No hidden price spreading
  • With Interactive Brokers²
  • Direct access
    A clear view of interbank quotes
  • Liquidity provision
    From 17 of the world's largest foreign exchange dealing banks, that account for 60% of global market share¹
  • Order book display
    For dynamic order management
  • Unconflicted brokerage
    Agency only execution
  • Transparent low commissions
    No hidden price spreading
  • Security of funds
    With Interactive Brokers²

Initial funding minimum $1,000

Low Commissions³

0.6 basis points x trade value

Minimum per order USD$ 2.00⁵

Trading spot FX and derivatives carry a high level of risk and may not be suitable for all investors. Capital at risk.

OPEN AN ACCOUNT

ECN-Like Market Structure

  • Order book allows you to view market depth, set and manage orders away from and between market levels
  • Trade with the liquidity providing banks and other Interactive Brokers clients⁵

Advanced Trading Tools

  • Radarscreen® - allows you to track, rank and highlight multiple symbols in real time based on strategy signals and indicators you create and customise for your trading
  • The Matrix - gives you dynamic market depth view, and trade activity, fast execution and one-click trading capability
  • EasyLanguage®, TradeStation’s own programming language, enables you to easily formulate, write and back-test strategies without complex coding knowledge

Multi-Asset Trading

  • Trade forex cash (spot) side by side on the platform, or in the same window, with other asset classes including stocks, bonds, and futures
  • A single flexible account allows you to trade, execute and risk manage positions for all your trading across FX and other asset classes

Currency Conversion and Cash Forex

  • All accounts have Currency Conversion, which lets you convert one currency to another without using leverage
  • Cash Forex, which is available to qualified customers and requires additional trading permissions, lets you trade Forex on a leveraged basis

Automatic Overnight Position Rolls

  • Automatic overnight position rolls (tom/next swaps) for large positions
  • There is no commission or other charge for this service
  • As with spot dealing, roll prices are direct best quotes from Interactive Brokers’ interbank partners

What does a basis points commission look like in terms of an FX quoted spread?

The table below provides examples of basis points commission expressed as pips to illustrate the spread equivalent by currency.

Illustrative
Exchange Rate
Basis Points
Commission
Commission expressed as a
Spread Equivalent (pips)
EURUSD 1.3451 0.6 basis points³
x trade value⁴
1.3
GBPUSD 1.5029 0.6 basis points
x trade value
1.5
USDJPY 1.2636 0.6 basis points
x trade value
1.3
EURGBP 1.0577 0.6 basis points
x trade value
1.1
USDCAD 1.5588 0.6 basis points
x trade value
1.6
USDNZD 1.7762 0.6 basis points
x trade value
1.8

Example: Interactive Brokers EURUSD interbank quoted spread can be as low as 0.1pip. Based on this, the total representative spread, including the basis points commission = 1.4pips* (0.1 pip quoted spread + 1.3pips basis points commission)

*The rates are intended for illustrative purposes only and do not represent actual spreads.

24 Trading Currencies
FX

Including USD, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RUB, SEK, SGD, ZAR and KRW (with special conversion functionality)

TradeStation Global screenshot -v2

Security of Funds

Interactive Brokers Group and its sister affiliates hold over USD $7 billion in equity capital

Large-Size Order Facility⁵

Request for Quote (RFQ) large-sized aggregated quotes specific to the order quantity entered in order to obtain the best execution possible and also limit the market impact

FX Auto Swap

Learn about the reduced cost of carry opportunities with IB's FX Auto Swap Program.

Notes
  1. Provided by Interactive Brokers. Source: Euromoney FX survey FX Poll 2018: The Euromoney FX survey is the largest global poll of foreign exchange service providers.
  2. Interactive Brokers Group and its sister affiliates hold over USD $7 billion in equity capital.
  3. Commission for forex trades is calculated off the trade value and then converted and charged to the base currency of your account.
  4. 1 basis point=0.0001.
  5. Or USD currency equivalent.
  6. Certain Institutional clients operate in a market-making and/or liquidity providing capacity within Interactive Brokers. These clients may have individualized configurations, technical facilities, and/or market data feeds customized to their restricted quoting and market-making functionality. Please contact Customer Service or your IB Sales Representative for more information.
  7. Please contact TradeStation Global Support Client Services or your IB Sales Representative to see if you qualify for the Large-Size Order Facility (generally orders over 7M USD or equivalent).