Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
iBroker Pros & Cons
- Compliance with the requirements and rules of the Spanish regulatory authority CNMV.
- Access to a wide range of financial instruments, including through accounts and partner brokers’ platforms.
- Investment protection up to €100,000 through the FOGAIN compensation fund.
- Trading is possible from any desktop or mobile device.
- Support for convenient, and secure methods of fund deposit and withdrawal.
- Educational materials for both beginners and experienced traders.
- Integration with nine brokers, including those based in the United States.
- Lack of popular investment solutions among Forex traders, such as copy trading, PAMM, and MAM accounts.
- No access to MetaTrader and cTrader trading platforms.
- The company does not provide 24-hour support.
TU Expert Verdict
iBroker demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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iBroker User Reviews
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5-star
0%
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4-star
33%
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3-star
67%
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2-star
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1-star
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of iBroker have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is iBroker Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8 /10iBroker has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.2 /10iBroker offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Low minimum deposit
- Tight spread ECN account
- Micro lots are not available
- No Swap Free account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology3.5 /10iBroker received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8 /10iBroker offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 120 Forex pairs.
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Trading Account Opening
We successfully registered an account with iBroker in 25 minutes. The KYC verification was completed within 3 business days. The minimum deposit amount at iBroker is $1.Score:We evaluated Trading Account Opening at iBroker by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at iBroker by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5 /10
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FAQs
How safe is trading with iBroker in terms of regulation and investor protection?
iBroker has a safety score of 8/10, which corresponds to a high security level in this review. It is regulated by the Tier-1 Spanish authority CNMV and offers negative balance protection, with an investor protection fund coverage of up to €100,000, although its track record is relatively short since it was founded in 2022.
How do iBroker’s forex trading fees and non-trading charges compare according to this review?
The review rates iBroker’s overall fee level as low, giving its commissions and fees a score of 8/10. For example, typical Standard account spreads on EUR/USD range from 0.1 to 0.3 pips, ECN accounts charge a $3.50 commission per lot with around 0.10-pip average spreads on major pairs, and there are no stated deposit, withdrawal, or inactivity fees.
What account types and trading conditions does iBroker provide for different traders?
According to this section, iBroker offers Demo, Standard, and ECN/Raw spread accounts, but does not provide Cent, Micro, Swap Free, VIP, or managed accounts. Real accounts allow trading micro and standard lots with variable spreads and an additional 0.0035% commission on Forex, while demo accounts come with $50,000 in virtual funds for a 14-day period.
What feedback is available on iBroker’s deposit and withdrawal methods and limits?
The review notes that iBroker has a low score of 3.5/10 for deposit and withdrawal efficiency, mainly due to limited payment options, as only bank wire transfers are supported. It highlights that there are no deposit or withdrawal fees and that both the minimum deposit and withdrawal amounts are $1, although specific conditions by account type or method are not detailed.
What do reviews say about the range of markets and tradable assets available at iBroker?
This section states that iBroker offers a relatively limited overall asset selection but supports 120 currency pairs along with stocks, commodity futures, crypto, stock indices, and options. It also mentions additional investment options such as bonds, ETFs, and a copy trading service, while PAMM and managed accounts are not available.
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