Interbank Forex for 2024
We found 11 online brokers that are appropriate for Trading Forex Investment Platforms.
Interbank Forex Guide
Analysis by Andrew Blumer, Updated Last updated - April 23, 2024
Interbank Forex
Interbank Forex is the top-level global Forex exchange on which numerous banks actually trade the different currencies instead of the buyers and sellers themselves. The banks are either dealing with each other directly, going through electronic brokerage platforms, or through direct interbank deals. This level of trading occurs in a 'gray market' setting, with no special rules and no legal agreements in place to settle trades. In this light, it is considered by many to be a more liquid financial market, allowing for faster trade execution and larger profit margins than other types of marketplaces.
The interbank FX market is the largest high-volume foreign exchange market on which banks can trade different currencies with each other. Banks can either interact with each other directly, via electronic interbank communication networks, or via electronic brokerages. When traders and institutions that trade on global interbank markets need to execute financial transactions, it is usually done through the banking systems of the various countries.
Interbank Forex trade is highly leveraged. In order to access the financial institutions that participate in the interbank market, a high amount of credit is required. Traders and institutions use their own proprietary information systems to facilitate interbank trading. This involves a large amount of capital that is used by the institution. Large amounts of cash are traded daily on the interbank market. Because of this consistent flow of cash, this market continues to operate 24 hours a day throughout the world.
An interbank Forex trader can make his money by purchasing and selling currencies from the banks that he does business with. The benefit of working with a smaller bank is that there is less exposure to risk. This type of trading arrangement allows the trader to benefit from the fluctuations of a larger financial institution if a trade goes badly. The smaller bank benefits because it reduces costs by not needing to financally maintain a large trading desk. The potential losses are therefore transferred to the interbank lender, reducing the cost.
Why Do Large Financial Institutions Participate in the Interbank Forex Market?
The reason that they participate is to provide liquidity to the market. When these institutions trade, they are in fact purchasing foreign currency that they would like to sell based on its current value. In order to provide the necessary funds to trade, these large financial institutions have to lend large amounts of money to other market participants, providing them with collateral in the form of foreign currency which they can then sell in the secondary market if and when the time comes.
Why do commercial banks participate in this interbank trading? For one, participating in this market gives them access to large amounts of capital without them having to put up collateral. Since most commercial bank investment portfolios are weighted towards safer investments, the availability of unsecured funding makes it easier and less costly for them to diversify and increase their portfolio size. In addition, most of these banks purchase foreign currency on the currency market because they want to take advantage of the opportunity to make higher profits than they would on a domestic exchange. By placing their investment portfolio in a larger basket of currencies, they are able to enjoy a much higher rate of return.
What is the Interbank Market?
If you have ever wondered what the interbank market is, then you have probably already heard of the term 'Forex'. However, there is a difference between Forex and the interbank Mmarket. Forex is an exchange of currencies from major financial centers around the world. The interbank market is simply the high-level global exchange on which banks actually trade with each other. The major banks may do so through electronic brokerages, or by working directly with each other.
When trading on the interbank market, your trades are processed through the banks that actually provide you with the services. While you are trading on the counter-bench mark, you are not actually buying and selling with real money, but instead with a particular currency. With that in mind, you are trading with future cash inflows, and not with actual cash that you are bringing home. When the exchange rates are in favour of the buyer, the seller has to make a sale to cover his own margin requirements. In order to cover his margin requirements, he may need to sell either the same currency that is currently being traded, or some other currency.
For Forex currency traders, understanding how the interbank market works is important if you are looking to make consistent profits. As mentioned earlier, it is very important for a trader to determine the interest rate before purchasing any currency, especially if you are just starting out in the Forex market. Many experienced traders have traded successfully using only a few indicators such as the MACD, which is an advanced method used for Forex trading. However, these methods can prove to be quite useful to those who are interested in trading on an international level too.
The Foreign Exchange market is the largest-level global exchange in which banks trade different foreign currencies. Banks that trade on the Forex market are typically large financial institutions and other large financial corporations. The banks may either trade with each other directly, or via electronic interbank brokering systems.
Money Management
One of the key components of successful Forex transactions is effective money management and trading strategies. This is especially true when dealing with tight bid-ask spreads. When trading on the interbank foreign exchange market, banks work with spreads, which are the differences between the asking price and the prevailing bid. For example, if a trader wants to buy US dollars and set a margin for the transaction, he will be obligated to pay for both the asking price and the amount of the margin in case of a loss on the currency transaction. In this situation, the trader has two options - either close his position before reaching his margin requirement or continue buying the currency pairs until his margin requirement is satisfied.
The Foreign Exchange market offers the potential for large profit margins, but it also has several disadvantages and high risk. To start with, foreign exchange trading takes place in a decentralised market. Unlike traditional stock exchanges, in which there is only one major exchange where every trade is listed. There are also numerous trade participants in the foreign currency market, with each participant having a unique opportunity and set of risks. It is not feasible for every investor to be able to ascertain the risk profile of each trade in real time.
Understanding the Foreign Exchange Interbank Market
Understanding the Foreign Exchange market (also known as Forex) can be the key to a successful career in currency trading. There are many different ways you can gain this understanding, but there are only a few that really stand out from the rest. It all revolves around liquidity. In the Forex market, the liquidity level of the market is crucial to successful trades and ultimately to securing profits. When you have an established relationship with one or a handful of central banks, you have a leg up on the competition because you know that liquidity is at your disposal. If you have even just one or two major banks making the majority of the trades, you will have less to worry about.
However, even the largest banks have limits to the amount of liquidity they can bring to the table. The interbank market for currency markets is very complex and because of how the larger banks regulate the information that they share with other traders, the liquidity that they provide to individual traders is limited. As smaller banks enter into more formal relationships with the larger ones, the limits to this type of trading will continue to diminish until there is no longer any need for banks to control the fire, so to speak.
Retail Investors
This understanding previously discussed would leave open the door for retail investors to play a bigger role in the Forex market. Retail investors are people that often make use of the Internet and have an interest in making trades on their own. By opening a free account and being held by a professional broker, you can circumvent the large amount of paperwork involved with most electronic transactions. You can also find out a great deal about what the going rate is for various currencies by doing some online research.
The interbank consists of a vast amount of foreign exchange trading and commercial monetary investments made by banks all over the world. It is considered to be one of the biggest trading markets for Forex and is worth billions of dollars per day. Traders, banks and other institutions are always engaged in the interbank Forex market. They do their business through traders, banks or their financial advisers. This is a perfect market place for any investor to enter in, trade, buy and sell any currencies. There are three types of interbank Forex market makers, namely the commercial banks, investment banks and brokers. These three types of institutions all have their own way of dealing with and conducting Forex trading.
The interbank money market trades in only one currency - the US dollar. Traders may buy or sell the currencies of different countries while following their relative strengths and risks in the global money markets. Most often, dealers use the GFL (Globally Funded Lending) or the ISX (International Securities Exchange) to trade in this market. Some of the largest banks in the world are members of the ISX.
Policy makers at national and international levels decide on the supply of foreign currency. Some of the main sources of foreign currency are interest rates, trade balances, and balance of payments. The main role of the central banks in the Forex markets is to maintain a consistent rate of interest in order to curb inflation. In addition, the central banks play an important role in determining the level of the base interest rate as well.
Decentralised Market
A market that has no central exchange to act as a clearinghouse or referee; often centralises the clearinghouse services by allowing interbank transfers. The market is also decentralised in the sense that there is not one 'exchange' in which all transactions are completed. The interbank Forex market typically includes primary dealers, who are large international banks who trade with a large portion of the Forex volume. Some other trading venues include futures markets, forward contracts and options.
In a decentralised market, the interaction of participants provides for greater liquidity, reduced cost and increased security. Because it does not have a single centralised exchange or clearinghouse, there is less capital (money) flowing through the system and this results in more secure transactions. This also provides opportunities for better risk control and fair price determination.
How does decentralised Forex trading differ from normal Forex trading? With a truly decentralised market, there are fewer 'rewards' or incentives that encourage a trader to transact. In a traditional Forex exchange, when a trader wins, they get instant cash and their opponent loses money. It is an open auction with all participants bidding against each other. With a market such as the Forex market, the rate may change from time to time but it is slow and inflexible. A trader must remain faithful to his or her trading strategy and not be influenced by market rumours.
Individual Forex Investors
One of the things that individual investors like about the retail sector is the lower transaction size. Retail investors are able to participate in lots of smaller trades because the number of transactions is so low. This is a good thing for someone new to Forex. The smaller transaction size also means that smaller price moves can be made. These price movements are much easier to effect and therefore tend to be more consistent over time.
On the flip side, larger institutional traders have more leeway in the size of their trades and typically execute them at a faster pace. This is where many of the differences between the two start to appear. Institutions are much larger and therefore have access to large amounts of money management and other tools that individual traders don't have. Institutional traders also have more resources and better risk management tools available to them.
Large banks are some of the biggest buyers in the Forex market. The interbank market for Forex trades is the place where they enjoy the greatest buying power. In fact, they've done so since the beginning of the trading system in 1997. As a result of this, they typically command very high transaction fees and they have the leeway to decide which currencies to buy and sell. The large number of banks competing for these small to mid-sized investment opportunities has created a situation where individual Forex investors can't take advantage of some of these benefits.
A Brief History of the Interbank Forex Market
In the infancy of the FX market, there were no interbank brokerages to speak of. Back then, it was simply the money managers at banks that facilitated trades between their depositors and borrowers. The banks needed a way to let their clients know when they had some good news about the markets so that they would continue to play into their hands.
Today's Forex market is much more advanced than that of the beginnings of the interbank Forex brokers. But the same basic principles still apply. And thanks largely to the advent of the Internet, it has become much easier for people to trade interbank Forex. This is mostly because of increased online banking capabilities for both commercial banks and their clients. Because of these two developments, the amount of leverage available to investors has increased as well, allowing them to get involved in Forex trading with greater amounts of capital.
The interbank Forex market is an incredibly complex market. However, it also offers great opportunities to those who know what they are doing. It is important that you learn how to trade the market so that you do not lose all of your money in one day. The market is very liquid and flexible so it is a good place to make money if you want to. If you are able to master the techniques used to develop profitable trades, you can earn a very substantial amount of money by trading the market.
We have conducted extensive research and analysis on over multiple data points on Interbank Forex to present you with a comprehensive guide that can help you find the most suitable Interbank Forex. Below we shortlist what we think are the best Forex Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Interbank Forex.
Reputable Interbank Forex Checklist
Selecting a reliable and reputable online Forex Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Forex Investment Platforms more confidently.
Selecting the right online Forex Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Forex Investment Platforms broker has a solid track record of at least two years in the industry.
- Verify that the Forex Investment Platforms broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Forex Investment Platforms broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Forex Investment Platforms broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Forex Investment Platforms brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Forex Investment Platforms broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Compare Key Features of Forex Investment Platforms in Our Brokerage Comparison Table
When choosing a broker for Forex Investment Platforms trading, it's essential to compare the different options available to you. Our Forex Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each Forex Investment Platforms broker.
- The funding methods available for Forex Investment Platforms with each broker.
- The types of instruments you can trade with each Forex Investment Platforms broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Forex Investment Platforms broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Forex Investment Platforms broker affects the cost of trading.
- The level of customer support each Forex Investment Platforms broker offers, including their availability, responsiveness, and quality of service.
- Whether each Forex Investment Platforms broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a Forex Investment Platforms broker that best suits your needs and preferences for Forex Investment Platforms. Our Forex Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Forex Investment Platforms of 2024 compared
Here are the top Forex Investment Platforms.
Compare Forex Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Forex Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Forex Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Investment Platforms that accept Forex Investment Platforms clients.
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IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
| Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with icmarkets |
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Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
All Forex Investment Platforms in more detail
You can compare Forex Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Forex Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Forex Investment Platforms below.
Interbank Forex Table of Contents
- Interbank Forex Explained
- 6 Factors to Consider when Choosing Interbank Forex
- Are Your Interbank Forex Trusted And Established?
- Are The Interbank Forex World Leading?
- What are the Interbank Forex Commissions and Fees?
- What are the Interbank Forex Funding and Withdrawl Methods?
- Find Interbank Forex with Round-the-clock support?
- Make sure the Interbank Forex Offer Comprehensive Trader resources?
- Why Interbank Forex needs to be regulated?
- Interbank Forex FAQ
- What are the best Forex Investment Platforms brokers?
- What is the best Forex Investment Platform broker?
- Related Interbank Forex Reviews
- Related Interbank Forex Alternatives
- Related Interbank Forex Comparisons
Interbank Forex Explained
Trading volatile financial markets with Interbank Forex can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Interbank Forex to ensure a successful trading experience.
Selecting Interbank Forex at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Interbank Forex markets effectively.
Reliability is key to gaining access to financial markets. Look for Interbank Forex that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Interbank Forex confidently.
6 Factors to Consider when Choosing Interbank Forex
Follow these five rules for selecting Interbank Forex that are right for you:
Are Your Interbank Forex Trusted And Established?
Search for a reputable Interbank Forex with a extensive proven track record for Interbank Forex, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Interbank Forex broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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| Year Established | 2007 | 2009 | 2007 | 2002 | 2009 | 2010 | 2006 | 2005 |
| Head Office | Australia | Belize | Cyprus, UK | Poland | Cyprus | Australia | Ireland | Australia |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) |
| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | No |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Are The Interbank Forex World Leading?
Opt for Interbank Forex that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Interbank Forex is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 100 | 5000 | 5600 | 1000 | 1200 | 1250 | 290 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MG, MK, MO, UA, JO, KR, | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | No | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 31 | 21 | 15 | 16 | 17 | 18 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Stocks Offered | 2100 | 0 | 2042 | 1696 | 160 | 1100 | 1000 | 10000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Interbank Forex Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Interbank Forex broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Interbank Forex broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 100 | 0 | 5 | 200 | 100 | 100 |
| Withdrawl Fees | No | Yes | Yes | varies | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | Yes | No | No | No |
| Deposit Fees | Varies | No | No | No | No | No | No | Yes |
| CFD Commission Fees | Yes | No | Yes | Yes | No | Yes | No | Yes |
What are the Interbank Forex Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Interbank Forex. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Interbank Forex.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Skrill | Yes | No | Yes | Yes | No | Yes | No | Yes |
| Payoneer | No | Yes | No | Yes | No | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Interbank Forex with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Interbank Forex.
Interbank Forex customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Interbank Forex can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
|
|
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Make sure the Interbank Forex Offer Comprehensive Trader resources?
It's important to ensure your Interbank Forex provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Interbank Forex. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Interbank Forex.
Why Interbank Forex needs to be regulated?
Regulated Interbank Forex lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Interbank Forex.
Consumers are protected by Interbank Forex regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Interbank Forex is necessary to prevent fraud. The Interbank Forex working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Interbank Forex is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Interbank Forex List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, TradingView, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits