This IBFX review outlines the broker’s legacy status, historical role in forex trading, and current operational state. IBFX (Interbank FX) was once a popular forex broker based in the United States, but it ceased operations under that name and transferred accounts to other brokers following regulatory changes and acquisitions.

Regulation and Safety

IBFX was formerly regulated in multiple jurisdictions, including:

• US: National Futures Association (NFA) – No longer active
• Australia: ASIC License No. 363972 (IBFX Australia Pty Ltd) – Revoked

The broker officially exited the US retail forex market in 2011 and later ceased its Australian operations. Currently, IBFX no longer offers regulated trading services or maintains a client-facing presence. Any usage of the brand today should be treated with extreme caution and checked for legitimacy.

Execution Model and Trading Platforms

During its operation, IBFX provided No Dealing Desk (NDD) execution using:

• MetaTrader 4 (MT4): Fully supported for desktop and mobile
• Bridge technology: Provided access to interbank liquidity

These features are no longer available through any active IBFX entity. Legacy clients were migrated to FXCM and OANDA in past transitions.

Markets and Instruments

IBFX historically focused on forex trading with some CFDs. At peak, it offered:

• Forex: 40+ major, minor, and exotic currency pairs
• CFDs: Gold, silver, and indices

These instruments are no longer accessible under the IBFX brand as the broker is no longer operating.

Accounts, Spreads and Leverage

IBFX previously offered STP-based accounts with:

• Spreads: From 1.2 pips (no commission)
• Leverage: Up to 1:400 (offshore); capped to 1:50 in US
• Minimum deposit: $250
• Account types: Standard and mini forex accounts

All historical account data is now archived or closed, and there is no live trading service under the IBFX name.

Funding and Base Currencies

Previously accepted methods included:

• Bank wires
• Credit cards
• ACH (for US clients)

Funding systems are inactive. Any site currently using the IBFX name should be scrutinised to avoid scams or phishing clones.

Client Protections and Features

• IBFX was once compliant with NFA and ASIC rules
• Previously offered segregated accounts and negative balance protection
• FSCS/ICF not applicable post-closure
• No current oversight or protection

Institutional and Retail Offering

IBFX formerly catered to retail forex traders only. It did not offer FIX API, institutional liquidity, or white-label services.

Pros and Cons

Pros

• Previously well-regulated in US and Australia
• Used MT4 with STP/NDD execution
• Low spreads for active traders (historically)

Cons

• Broker is defunct; no longer operational
• No regulatory status today
• Brand name may be misused by clone websites
• No official support or client accounts

Frequently Asked Questions

Is IBFX still operating?

No, IBFX is no longer active. Its US and Australian operations were shut down, and clients were transitioned to other brokers.

Was IBFX regulated?

Yes, IBFX was formerly regulated by the NFA in the US and ASIC in Australia. Those licenses are now revoked.

Can I open an account with IBFX?

No. IBFX does not currently accept clients, and any site claiming to be IBFX today should be treated with suspicion.

What happened to IBFX clients?

US clients were moved to OANDA, while Australian clients were transitioned to FXCM after the broker shut down operations.

Is there an official IBFX website?

No. The original domains are no longer active, and any modern clones using the IBFX name are not authorised or regulated.