IBrokers -Overview of Minimum Deposit, Spreads & Leverage
Abstract：IBrokers is forex broker registered in the United Kingdom, allegedly owned and operated by a company called IBrokers Trading Solutions Ltd., and this broker is not regulated by any regulated authorities, according to WikiFX. Although this alone does not mean that this broker is a scam, investors should take extra vigilance when dealing with this broker.
Unavailable Official website
Since IBrokers official website is temporarily down and cannot be accessible for the moment, we could only piece together some information from other websites to get a rough ideal of this brokerage platform.
General Information
IBrokers is forex broker registered in the United Kingdom, allegedly owned and operated by a company called IBrokers Trading Solutions Ltd., and this broker is not regulated by any regulated authorities, according to WikiFX. Although this alone does not mean that this broker is a scam, investors should take extra vigilance when dealing with this broker.
Account Types
IBrokers offers six live trading accounts to satisfy different traders trading needs: Bronze, Silver, Gold, ECN, Islamic and Islamic VIP accounts. Among them, Bronze and Islamic accounts requires no minimum deposit to start with. While Silver, Gold, ECN and Islamic VIP accounts requires much higher initial deposit requirement, from $2,000, $25,000, $50,000 and $10,000, respectively.
Aside from these real trading types, IBrokers also offers demo accounts, allowing traders to get a feel of their trading platform without risking their real money.
Leverage
Trading leverage varies depending on particular instruments. The maximum trading leverage offered by IBrokers is up to 1:400, which is considered to be high. Although high leverage is pursued by professional traders and scalpers for being able to increase their trading flexibility, investors are strongly recommended to choose the proper amount that they fee most ease with.
Spreads & Commissions
Spreads are determined by trading accounts. Among six trading accounts, the spread offered by the Islamic account is widest, from 3.2 pips. Other five trading accounts, from Bronze to Islamic VIP, offer spreads from 2.5 pips, 1.8 pips, 1.1 pips, 0.0 pips, 1.1 pips, respectively.
Trading Platform Available
IBrokers says it offers its clients access to the leading MT4 trading platform. This trading platform is suitable for traders with any trading levels, user-friendly, featuring multiple technical indicators, powerful charting tools. More importantly, it supports EA (Expert Advisors), which allows inexperienced traders to duplicate successful traders trades.
Customer Support
For any inquiries, clients can get in touch with this broker through email: support@ibrokers.trade, telephone: +442035143575.
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