InterActive Review 2025

What is InterActive?

InterActive is a term that could refer to various entities or concepts depending on the context. In the context of Forex, it appears to be related to Interactive Brokers LLC, a brokerage firm known for its advanced electronic trading platform and competitive pricing. Forex, short for foreign exchange, is the global marketplace for trading national currencies. It’s the largest and most liquid financial market in the world, with trillions of dollars changing hands every day. The Forex market operates 24 hours a day, five days a week, and it involves banks, brokerages, institutional investors, and individual traders. Interactive Brokers provides a platform for currency trading. Their platform, known as FXTrader, offers an optimized trading interface with real-time streaming quotes, up and down indicators, trading volumes, pending trades, executions, positions, and average price plus P&L. They also offer competitive pricing with no hidden spreads or markups. In the Forex market, currencies are traded in pairs, such as USD/CAD, EUR/USD, or USD/JPY. These represent the U.S. dollar (USD) versus the Canadian dollar (CAD), the Euro (EUR) versus the USD, and the USD versus the Japanese Yen (JPY), respectively. There will also be a price associated with each pair, indicating how much of the second currency it costs to buy one unit of the first currency. Forex trading involves lots, called micro, mini, and standard lots. A micro lot is 1,000 units of a given currency, a mini lot is 10,000, and a standard lot is 100,000. Traders profit from the price movement of a particular pair of currencies. In conclusion, InterActive, in the context of Forex, likely refers to the services provided by Interactive Brokers for currency trading. Their platform, FXTrader, provides tools and features that facilitate efficient and effective trading in the Forex market.

What is the Review Rating of InterActive?

What are the Pros of InterActive?

InterActive, presumably referring to Interactive Brokers in the context of forex, offers several advantages:. Low Trading Fees: One of the significant benefits of Interactive Brokers is its low trading fees. This feature is particularly beneficial for forex traders who execute a high volume of trades. High Interest on Cash Balances: Interactive Brokers currently pays interest (up to 4.83% for USD) on cash balances if you have a $100k account (net asset value). This can be an attractive feature for traders who maintain large cash balances in their accounts. Wide Range of Products: Interactive Brokers offers a wide range of products. This diversity allows forex traders to diversify their portfolios and explore different markets. Excellent Research Tools: Interactive Brokers provides many great research tools. These tools can help forex traders make informed decisions based on comprehensive market analysis. Please note that while these are some of the pros of Interactive Brokers, it’s essential to consider your individual trading needs and objectives before choosing a forex broker.

What are the Cons of InterActive?

Verkennen. Here are some of the cons of InterActive in the context of forex trading:. Complexity for Beginners: Despite being great for professionals, Interactive Brokers’ Trader Workstation (TWS) desktop platform is likely too complicated for inexperienced traders. This could be a barrier for those who are new to forex trading and are not familiar with such advanced platforms. Lack of MetaTrader: MetaTrader, a popular trading platform among forex traders due to its user-friendly interface and a wide range of tools, is unavailable as an alternative platform option. This could be a disadvantage for traders who prefer using MetaTrader for their trading activities. Limited Language Support: The website interface of Interactive Brokers is only partially translated into other languages. This could pose difficulties for non-English speaking users. Inactive Account Fee: Users have to pay for an inactive account. This could be a disadvantage for traders who do not trade frequently. Limited Customer Support: The support service does not work on Saturday and Sunday. This could be problematic for traders who need assistance over the weekend. Complex Registration Procedure: Interactive Brokers has a long and complex registration procedure. This could be a deterrent for potential users who prefer a straightforward and quick registration process. No Cent Accounts: There are no cent accounts available for novice traders. Cent accounts allow trading with significantly smaller initial deposits, which could be beneficial for beginners who want to practice trading without risking large amounts of money. Please note that while these points highlight some of the potential disadvantages of using Interactive Brokers for forex trading, the actual experience may vary depending on individual trading needs and preferences.

Is InterActive Regulated and who are the Regulators?

Interactive Brokers, a well-known name in the forex trading industry, is regulated by multiple top-tier financial authorities. This includes the US Securities and Exchange Commission (SEC) and the UK Financial Conduct Authority (FCA). Interactive Brokers operates in several countries and is supervised by the following financial authorities. UK - Financial Conduct Authority (FCA). United States - Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Canada - Canadian Investment Regulatory Organization (CIRO). Australia - Australian Securities and Investments Commission (ASIC). India - Securities and Exchange Board of India (BSE). Japan - Japanese Financial Services Agency (FSA). Hong Kong - Hong Kong Securities and Futures Commission (SFC). Ireland - Central Bank of Ireland. Hungary - Central Bank of Hungary. Being supervised by a top-tier regulator significantly enhances the safety profile of any given broker. These regulators apply the strictest requirements and standards that brokers overseen by them must adhere to. As the client of a broker with top-tier regulation, you will have important safeguards in place with respect to the fairness of pricing and trading conditions that your broker provides. If you’re uncertain about your broker’s regulatory entity, it’s recommended to reach out to their customer support team. It’s also worth noting that under FCA regulation, an investor protection scheme provides coverage up to £85,000 for losses if the broker goes bankrupt. FCA sets limits on leverage to help retail traders better manage the risks they take. In conclusion, Interactive Brokers is a fully regulated broker, providing a safe and reliable platform for forex trading.