Brief Understanding Of IBroker
IBroker Is A Company Based In Spain, Founded In 2002. It Offers Online Trading Services That Allow Its Clients To Trade A Wide Range Of Financial Instruments, Including Foreign Exchange, Stocks, Options And Futures. The Broker Provides Access To Derivatives In The Form Of Contracts For Difference And Underlying Assets (through The Partner Platform). IBroker Is Regulated By The Spanish Financial Regulator CNMV (Comisión Nacional Del Mercado De Valores), And Its Clients' Funds Are Protected By The FOGAIN (Fondo General De Garantía De Inversiones) Fund. Its Services Are Not Only Available To Residents Of Spain, But Also To Traders From Other Countries. In The United States, It Can Only Be Done Through Partners. IBroker Integrates With Brokers Such As AMP Global, Dorman Trading, StoneX, Aerna, Etc.
Advantages Of Trading At IBroker:
Compliant With The Requirements And Rules Of The Spanish Regulator CNMV.
Access To A Wide Range Of Financial Instruments, Including Through Accounts And The Platform Of Partner Brokers.
Investment Protection Up To EUR 100,000 Through The FOGAIN Compensation Fund.
Trading Can Be Done From Any Desktop Or Mobile Device.
Support For Convenient, Secure Ways Of Depositing And Withdrawing Funds.
Educational Materials For Beginners And Experienced Traders Alike.
Integration With 9 Brokers, Including Those Located In The United States.
Disadvantages Of IBroker:
Lack Of Popular Investment Solutions For Forex Traders, Such As Copy Trading, PAMM, And MAM Accounts.
Unable To Access MetaTrader And CTrader Trading Platforms.
The Company Does Not Offer 24-hour Support.
Trading Account Opening
To Access The Client's Portal, Create A User Account On The IBroker Website. Select IBroker And Follow The Instructions Provided Below.
1 Request To Open A Real Account On The Website's Home Page.
2 Next, Select The Account Type And Assets You Plan To Trade. Then, Fill In Your Profile, Provide Financial Information, Confirm Your Bank Account, Sign The Online Agreement, And Upload The Necessary Documents.
After The Company Verifies Your Documents And Opens An Account, You Can Make A Deposit And Start Trading.
Commissions And Fees
Advantages
No Idle Fees
No Deposit Fees
No Withdrawal Fees
Disadvantages
Above Average Forex Transaction Fees
No ECN/Raw Spread Account
Account Type
To Open A Trading Account With IBroker, Fill Out The Special Form On Their Website And Upload Documents Confirming Your Identity And Bank Account. Trading Can Start With Any Amount, But Should Be Sufficient To Meet The Margin Requirements And The Broker's Commission.
Account Type:
Real
For Trading In The Forex, CFD, Futures And Options Markets. Micro Lots (1,000 Units Of The Base Currency) And Standard Lots (100,000 Units) Are Available For Trading. Spreads Are Variable, And For Forex, There Is An Additional Commission Of 0.0035% Par Value.
Traders Can Also Open A Demo Account To Trade In 50,000 Virtual Dollars For A Demo Period Of 14 Days.
IBroker Is A Retail Forex Broker That Provides Online Trading Services For Currency Pairs, CFDs On Various Assets, And Other Derivative Financial Instruments.
Deposits And Withdrawals
Submitting Withdrawal Requests Is Done Through The Trader's User Account On The IBroker Website. The Broker Transfers Funds To The Customer's Confirmed Bank Account By Providing A Bank Statement.
Withdrawals Cannot Be Made To Third-party Or Accounts That Are Not Linked To The IBroker Account.
The First 5 Withdrawals Within A Calendar Month Are Not Deducted From Commission. The 6th And Subsequent Transfer Fee For The Month Is EUR 2 Per Transaction.
Withdrawal Requests Submitted Before 12:00 (GMT + 1) Are Processed By The Company On The Same Day; Emails Submitted Later Are Processed On The Next Business Day. The Timeframe For Crediting Accounts Depends On The Bank And Usually Takes 1-2 Business Days On Average.
Investment, Options
IBroker Is A Broker That Does Not Engage In The Development Of Investment Products And Strategies. If Clients Wish To Generate Passive Income, They Must Create Their Own Portfolio Or Seek The Help Of External Experts. Investors Can Also Take Advantage Of The Opportunities Offered By IBroker's Partner Brokers, Such As Ready-made Portfolios, Capital Management, Social Trading, Etc. IBroker's Trading Platform Supports Automated Trading, Allowing Trades To Be Executed Using Specialized Algorithms And Programs.
Automated Trading Systems (ATS)
Automated (algorithmic Or Mechanical) Systems Can Implement Predefined Trading Strategies Through Special Programs. Algorithms Are Used To Automate Trades On Behalf Of Traders. The Advantages Of Such Trading Include Trading At The Best Price, Minimal Execution Delays, And The Absence Of Psychological Factors When Making Investment Decisions.
The Main Features Of The ATS Implemented On The IBroker Platform Include:
Once The Program Is Activated, There Is No Need To Be Connected All The Time Or In Standby Mode, As It Is Automatically Linked To The Client's Account.
There Are Three Ways To Deactivate The Selected ATS, Such As Disconnecting From The Next Session, Or At Any Time, At The Moment A Previous Opening Is Closed.
Traders Can Work On Multiple Strategies Simultaneously Using One Account.
The Fee For Using ATS Is An Additional Fee To The Standard Rate, 0.002% For Forex, 0.05% For Contracts For Difference, And 2 USD/EUR Per Contract For Futures (depending On The Market Currency).
IBroker Provides Access To Both Paid And Free ATS. Each System Requires A Certain Amount Of Funds To Be Held In An Account As Collateral For The Uninterrupted Operation Of The ATS Program.
IBroker's Partner Program:
The Spanish Regulator, CNMV, Prohibits Marketing To Retail Traders In Spain In Connection With The Advertising Of Investment Products. Therefore, IBroker Does Not Offer A Partner Program Designed To Expand Its Customer Base By Attracting New Users.
Customer Support
Client Server Hours Are Monday To Friday From 8:00 To 22:00 (GMT + 1). Chatbots Are Available 24/7, But Communication With Field Operators Takes Place Only During Company Business Hours.
