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 share
Order book display
For dynamic order management
Low Minimum Orders
Initial funding minimum $1,000
Minimum per order $2.00
0.6 basis points x trade value
Unconflicted brokerage
Agency only execution
Transparent low commissions
No hidden price spreading
Low Commissions
Security of funds with IB
On a consolidated basis, Interactive Brokers Group LLC exceeds $14.6 billion in equity capital, over $10.4 billion in excess of regulatory requirements.
28 trading currencies
With special conversion functionality
Trade Forex from a single Universal Account
Power your FX trading with TradeStation’s renowned technology + Interactive Brokers’ global reach. Key advantages for Forex traders include:
Access
TradeStation Global gives you direct access to Interbank trading quotes and major trading currencies, cross-rates and forex pairs through one single account and powerful platform.
Control
Our multi-asset platform lets you manage your forex exposure all in one place – whether that’s all you’re trading or whether you’re trading alongside other asset classes, say as part of a diversified strategy or a portfolio.
Capability
TradeStation’s tools include RadarScreen®, a real-time FX scanning and ranking tool that allows you to apply indicators to a list of currency pairs in a tabular format; Matrix, a one-window order entry and tracking tool; and advanced Forex Chart Trading.
Upgrade to TradeStation Global’s Advanced FX Analytics and IB’s Transparent Execution
Forex is the biggest market in the world by volume and liquidity. With TradeStation Global no one stands between you and direct access to interbank trading quotes from 16 of the world’s largest FX dealing banks and market execution with no hidden price spreads.
28 Trading Currencies
Including USD, AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, KRW,1 MXN, MYR,1 NOK, NZD, PLN, SAR, SEK, SGD, TRY, TWD1 and ZAR (with special conversion functionality).
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.
ECN-like Market Structure
Order book allows you to view market depth, set and manage orders away from and between market levels.
Competitive Pricing
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.
Example: Interactive Brokers EURUSD interbank quoted spread can be as low as 0.1 pip. 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.
| Illustrative Exchange Rate |
Commission expressed as a Spread Equivalent (pips) | |
| EURUSD | 1.0632 | 0.63 |
| GBPUSD | 1.2179 | 0.73 |
| EURGBP | 0.8731 | 0.52 |
| USDCAD | 1.3626 | 0.82 |
| USDNZD | 1.5741 | 0.94 |
Basis Points Commission: 0.6 basis points x trade value