Originally founded by Thomas Peterffy in 1977, Interactive Brokers has since entered the virtual marketplace and grown exponentially ever since.
Indeed, in its modern incarnation, Interactive Brokers now has an equity capital worth $4.8 billion and is active in over 100 market destinations worldwide.
Conducting almost 1 million trades per day, InteractiveBrokers.com now has offices in the US, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, India, China, Estonia and count Forex as one of its main commodities.
Such has been their rise of Interactive Brokers that their latest accolade was Barron’s Best Online Broker 2013.
InteractiveBrokers.com’s Special FX:
When sizing up the potential of an FX broker it’s important to consider their pedigree and it’s difficult to find a company with more experience than Interactive Brokers. Actively trading since 1977 means this company is not only financially robust but equipped with a vast canon of knowledge.
Aside from its company history, Interactive Brokers has the facility for inverting FX quotes for the purposes of analysis. This interesting feature is something few other brokers offer and is one that allows traders to compare their quotes and trade cash alongside Global FX Futures.
In order to keep their trading platform as accessible as possible, Interactive Brokers uses FXTrader which uses a simple colour scheme and a well structured format.
By marking all profitable trades in green and all losses in red, a user can instantly tell how their trades are going and decide on their exit strategy. Moreover, each currency pair is contained within its own box and all its connected data present in a way which makes trading intuitive to even the most inexperienced traders.
Affordability is one thing which Interactive Brokers excels at and each account opened at this site offer spreads from as low as ½ pips. On top of this, selections of indicators allow traders to assess the margin implications of a trade before they place an order. If this option is too cumbersome then an instant trade option carries out the action automatically.
To round off their account options, Interactive Brokers offers more than 15 order types, to help make the exchange process smoother. By implementing trailing stop limits, brackets, limit if touched, one cancels all or immediate or cancel a user can limit their losses on bad trades in a number of ways.