InterbankFX Review
Introduction
InterbankFX or IBFX is an STP broker that began its operations in 2001. It has its headquarters in Salt Lake City, Utah, and is regulated as a Futures Commission Merchant by the Commodity Futures Trading Commission (CFTC), and is a member of the National Futures Trading Commission (NFA).
Asset Index
The asset index that is available for trading on InterbankFX is listed below:
| CURRENCY PAIR | Spreads(As low as) | Average Spreads |
| EUR/USD | 1.8 | 1.92 |
| USD/JPY | 2.0 | 2.14 |
| GBP/USD | 2.0 | 2.40 |
| USD/CHF | 2.0 | 2.33 |
| USD/CAD | 2.0 | 2.26 |
| AUD/USD | 2.4 | 2.60 |
| AUD/CAD | 3.0 | 3.62 |
| AUD/CHF | 3.0 | 3.54 |
| AUD/JPY | 3.0 | 3.49 |
| AUD/NZD | 3.0 | 3.99 |
| CHF/JPY | 3.0 | 3.60 |
| EUR/AUD | 3.0 | 3.36 |
| EUR/CAD | 3.0 | 3.71 |
| EUR/CHF | 2.4 | 3.02 |
| EUR/GBP | 2.2 | 2.49 |
| EUR/JPY | 2.2 | 2.62 |
| EUR/NZD | 3.0 | 4.18 |
| GBP/CHF | 3.0 | 3.80 |
| GBP/JPY | 3.0 | 3.89 |
| GBP/NZD | 3.0 | 4.70 |
| NZD/CHF | 3.0 | 3.79 |
| NZD/JPY | 3.0 | 3.71 |
| NZD/USD | 2.4 | 2.95 |
| USD/SGD | 4.0 | 4.77 |
Trading Platforms
The platforms available for use on InterbankFX are given below:
MT4: InterbankFX gives its clients access to the popular MetaTrader 4 platform. With the inclusion of newer features like access to Dow Jones news, extra customizable indicators, and the ability to execute orders with one-click trading added to the feature-rich MT4 platform, clients of InterbankFX now have a better trading advantage.
TradeStation Forex: InterbankFX provides its customers with access to trade with the TradeStation Forex platform. This platform has the benefits of executing trades with a single click, market analysis through customizable charts and back testing, market scanning and chart pattern recognition, among others.
TradeStation Ifx: This is the platform that is best suited for advanced traders and professionals. It provides its users with the opportunity for forex trading with institutional spread and institutional depth, behind the scenes trading, STP trading, display of market depth, and a host of other features.
InterbankFX also provides its customers with access to social trading features through the IBFX Connect.
Deposits and Withdrawals
Deposits and withdrawals can be made on InterbankFX through Bank Wire, Credit Card, and Check.
Minimum Deposit
There is no minimum deposit requirement on InterbankFX.
Maximum Deposit
The maximum deposit allowed for Credit Card and Check is 20,000 USD.
Minimum Trade Size/Amount
The minimum lot size is 0.01lot.
Maximum Trade Size/Amount
The maximum lot size is 50 lots.
Minimum Withdrawal Limit
There are no minimum withdrawal limits.
Maximum Withdrawal Limit
There is no maximum withdrawal limit.
Conditions for Deposit and Withdrawals
All withdrawal requests will be returned to the same payment system from which funds where initially received. Recipient’s name on withdrawal requests must match account holder’s name as well as the name supplied on identification documents.
Customer Support
InterbankFX can be reached through the following means:
a) Phone: 1 – 800 – 884 – 912 (Australia)
4001 – 202641 (China)
800 – 933807 (Hong Kong)
001 – 803 – 017 – 9112 (Indonesia)
1 – 800 – 813 – 776 (Malaysia)
0800 – 445647 (New Zealand)
800 – 101 – 2097 (Singapore)
0 – 800 – 980 – 319 (South Africa)
00 – 800 – 332 – 31699 (Taiwan)
0 – 808 – 120 – 1966 (United Kingdom)
866 – 468 – 3739 (United States)
+1 – 801 – 930 – 6800 (International)
b) Online Email contact form
c) Live Chat – from Sunday 6:00 PM Eastern Time USA – Friday 4:00 PM Eastern Time USA.
