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.
iBroker is a company based in Spain, and established in 2002. It provides online trading services, allowing its clients to trade various financial instruments, including Forex, stocks, options, and futures. The broker offers access to both derivative instruments in the form of CFDs and underlying assets (through partner platforms). iBroker is regulated by the Spanish financial supervisory body 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 available not only to residents of Spain but also to traders from other countries. In the U.S., it is possible only through partners. iBroker is integrated with brokers such as AMP Global, Dorman Trading, StoneX, Aarna, and others.
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.
Top-5 Brokers Traders Prefer
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
0%
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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, OANDA and IG Markets, 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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of iBroker with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, iBroker’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
iBroker Standard spreads iBroker OANDA IG Markets EUR/USD min, pips 0.1 0.1 0.6 EUR/USD max, pips 0.3 0.5 1.2 GPB/USD min, pips 0.1 0.1 0.6 GPB/USD max, pips 0.5 0.5 1.5 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
iBroker RAW/ECN spreads iBroker OANDA IG Markets Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.50 3.5 2.3 EUR/USD avg spread 0.10 0.15 0.8 GBP/USD avg spread 0.10 0.2 1 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with iBroker. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
iBroker Non-Trading Fees iBroker OANDA IG Markets Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 0 -
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
iBroker Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
CNMV Full Name Comisión Nacional del Mercado de Valores Country of regulation Spain Investor Protection Fund Up to €100,000 Regulation Level Tier-1 iBroker Security Factors Foundation date 2022 Negative balance protection YesVerification (KYC) Yes -
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
- Demo account
- No Swap Free account
- No Cent account
iBroker account types vs top competitors iBroker Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNoiBroker accounts trading conditions
To open a trading account with iBroker, fill out a special form on its website and upload documents confirming your identity and a bank account. Trading can commence with any amount, but it should be sufficient to cover margin requirements and the broker’s commissions.
Account types:
Account Type Description Real For conducting trades 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% of the nominal value. Traders can also open demo accounts for trading with 50,000 virtual U.S. dollars, with 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.
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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.
iBroker offers limited payment options and accessibility, which may impact its competitiveness.
- No deposit fee
- Minimum deposit below industry average
- Bank wire transfers available
- No withdrawal fee
- USDT payments not accepted
- Wise not supported
- No bank card option
What are iBroker deposit and withdrawal options?
iBroker offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making iBroker less competitive for those seeking diverse payment options.
iBroker Deposit and Withdrawal Methods vs Competitors iBroker Plus500 OANDA Bank Wire YesYesYesBank card NoYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are iBroker base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. iBroker supports the following base account currencies: EUR.
What are iBroker's minimum deposit and withdrawal amounts?
The minimum deposit on iBroker is $1, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact iBroker’s support team.
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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.
- ETFs investing
- Commodity futures are available
- Passive income with bonds
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by iBroker with its competitors, making it easier for you to find the perfect fit.
iBroker Plus500 OANDA Currency pairs 120 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions YesYesNoInvestment options
We also explored the trading assets and products iBroker offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
iBroker account opening iBroker Plus500 OANDA Online Registration YesYesYesMinimum deposit $1 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 25 10 KYC time (days) 3 3 3 Is iBroker available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To access the client’s portal, create a user account on the iBroker website. Choose iBroker, and follow the instructions provided below.
Request the opening of a real account on the main page of the website.
Next, select the account type and assets you plan to trade. Then, complete your profile, and provide financial information, confirm your bank account, sign the online agreement, and upload the necessary documents.
After the company verifies your documents and opens the account, you can make a deposit and start trading.
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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 /10Customer support at iBroker is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. iBroker provides basic support functionality but does not stand out in overall service performance.
InformationClient service hours are Monday through Friday from 8:00 to 22:00 (GMT+1). The chatbot is available 24/7, but communication with a live operator is only during the company's working hours.
- Quick response during online chats
- Various communication channels
- Support team responds to emails within several hours after receiving the message
- Support department is not available 24-hours
Traders can receive assistance through the following methods:
- Phone;
- WhatsApp;
- Email;
- Online chat on the website.
After opening an account, each client is assigned a personal manager who can be directly contacted to resolve relevant problems and give answers to trading-related questions.
Contacts Foundation date 2022 Registration address iBroker Global Markets Sociedad de Valores, SA, C. de Caleruega, 102-104, Bajo A, Cdad. Lineal, 28033 Madrid, Spain Regulation CNMV Official site https://www.ibroker.com/ Contacts client@ibroker.es +34 917 94 5 900
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FAQs
How is iBroker regulated and how safe is it for forex trading?
iBroker is regulated by the Comisión Nacional del Mercado de Valores (CNMV) in Spain, a Tier-1 regulator, and has a safety score of 8/10, which corresponds to a high security level. The broker offers negative balance protection and requires KYC verification, and client funds are covered by an investor protection fund of up to €100,000.
What types of trading accounts does iBroker offer?
iBroker offers Demo, Standard, and ECN/Raw spread account options. Traders can open a real account for Forex, CFD, futures, and options trading, with variable spreads and a Forex commission of 0.0035% of the nominal value, and they can also use a 14-day demo account funded with 50,000 virtual USD.
What do user reviews say about iBroker?
iBroker has a user satisfaction score of 6.7/10 based on 3 reviews, with 33% of ratings at 4 stars and 67% at 3 stars. According to user reviews, overall impressions are mixed, with no 5-star, 2-star, or 1-star ratings reported.
Which markets and tradable assets are available with iBroker?
iBroker provides access to 120 currency pairs, as well as trading in stocks, commodity futures, cryptocurrencies, stock indices, and options. The broker also offers bonds, ETFs, and copy trading as additional investment options, although the overall asset selection is described as limited.
How does the iBroker trading account opening process work?
Opening a trading account with iBroker is fully online, with a minimum deposit of $1, an average registration time of 25 minutes, and KYC verification typically completed within 3 business days. Applicants create a user account, request a real account, choose the account type and assets, complete their profile and financial information, confirm a bank account, sign the online agreement, and upload documents before the account can be funded and used for trading.
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