Commissions
Whereas other brokers inflate their Forex spreads with more than a fair share for commissions, we quote the best bid/offer from multiple large banks and charge a separate transparent commission. IB offers two types of Forex, IDEALPRO for Forex traders of over $25,000 USD or equivalent, and IDEAL for currency conversions under $25,000. Commissions for Forex exchanges will be charged in the base currency of the account. (all order types, exchange and regulatory fees included) Trading Currency Commissions Minimum per Order Examples IDEALPRO (Trading) All currencies 0.2 basis point(1) *Trade Value $2.50 or base currency USD 50,000 trade for EUR = USD 2.50 IDEAL (Conversions) All currencies 1 basis point(1) *Trade Value $2.50 or base currency USD 10, 000 for EUR = USD 2.50
USD 1,000,000 trade for EUR = USD 20.00