U.S. retail forex brokers
Broker Review
Interactive Brokers Forex
The Interactive Brokers Forex platform dates to 1977 and is connected to Thomas Peterffy. Today it offers spot currencies to eligible clients within a much broader global multi-asset account, giving it a materially different operating model from a conventional all-purpose broker. Any valuation belongs to the listed company or parent rather than automatically to the product brand. The service is not separately listed and therefore has no standalone market capitalization.
Strengths
- Offers spot currencies to eligible clients within a much broader global multi-asset account
Drawbacks
- At Interactive Brokers Forex, leverage can produce losses well beyond the expected risk budget, while data, routing, liquidation and platform charges complicate the advertised commission
Profile
What you can trade
Interactive Brokers Forex covers a broker-specific set of major, minor and selected exotic currency pairs for approved U.S. customers; leverage and rollover terms follow CFTC and NFA retail-forex limits.
Account types
Individual and entity margin accounts approved for retail foreign exchange; retirement and custodial registrations are generally unavailable for spot forex. The registration structure reflects the fact that the service offers spot currencies to eligible clients within a much broader global multi-asset account.
Platform
Trader Workstation, IBKR Desktop, Client Portal, IBKR Mobile, GlobalTrader, IMPACT and APIs. The resulting workflow is tailored to a business that offers spot currencies to eligible clients within a much broader global multi-asset account.
Who it suits
Best suited to Interactive Brokers Forex customers whose principal requirement is the capability described in this profile, rather than investors choosing a broker only because of a zero-commission headline.
Where it is offered
Interactive Brokers Forex serves U.S. residents and customers in more than 200 countries and territories through separately regulated affiliates; the instruments and protections depend on the entity carrying the account.
Regulation and sources
Official website: https://interactivebrokers.com/ Regulatory status should be verified through FINRA BrokerCheck, SEC/IAPD, NFA BASIC, state regulators or applicable alternative-asset disclosures. Last verified: 2026-08-11.