Profile
iBroker Global Markets is a multi-asset CFD and futures broker serving retail and professional clients across Europe. Based in Spain and regulated by the Comisión Nacional del Mercado de Valores (CNMV), iBroker offers access to regulated exchanges and OTC markets through a proprietary trading platform and MetaTrader 4. This iBroker Global Markets review evaluates its regulatory status, execution model, platform features, supported instruments, and investor protections under EU law.
Regulation and Security
iBroker Global Markets is a trading name of iBroker Global Markets Sociedad de Valores S.A., which is authorised and supervised by the Comisión Nacional del Mercado de Valores (CNMV), Spain’s financial regulatory body, under registration number 260. The firm is fully compliant with MiFID II, allowing it to passport services across the European Economic Area (EEA).
Client funds are held in segregated accounts in accordance with Spanish investor protection laws. iBroker also participates in Spain’s Investor Compensation Scheme (FOGAIN), covering eligible retail clients up to €100,000 in case of firm insolvency.
Execution Model
iBroker Global Markets provides direct market access (DMA) for listed derivatives such as futures and options, and market maker execution for OTC CFDs. This hybrid model enables clients to access both exchange-traded and OTC products depending on the instrument class.
DMA ensures transparency and non-dealing desk execution for futures contracts, while CFD trades are priced and executed internally. The broker publishes execution policies and best execution practices to comply with MiFID II transparency requirements.
Trading Platforms and Tools
iBroker offers two main trading platforms:
- iBroker Web and Mobile Platform – Proprietary HTML5 platform with streaming quotes, order management, and mobile compatibility
- MetaTrader 4 (MT4) – Standard platform for forex and CFDs, supporting EAs and technical analysis
Features include:
- Real-time market depth for listed derivatives
- Strategy builder for futures trading
- Integrated charting and trade reporting
- Risk management tools and margin calculator
FIX API is not publicly advertised, and automation is limited to what is available via MT4 or custom integration upon request.
Supported Instruments
iBroker offers access to both exchange-listed and OTC instruments, including:
- Futures – CME, EUREX, MEFF, ICE, including equity indices, interest rates, energy, and agriculture
- Forex – Major, minor, and exotic pairs via CFDs
- Stocks – EU and U.S. shares via CFDs
- Indices – Global indices such as IBEX 35, S&P 500, DAX
- Commodities – Gold, crude oil, natural gas (CFDs and futures)
- Cryptocurrencies – Limited offering (e.g., BTC/USD, ETH/USD as CFDs)
Margin, liquidity, and pricing differ by asset class and execution venue. Futures products are centrally cleared, while CFD instruments are settled bilaterally with iBroker.
Account Types and Trading Conditions
iBroker offers a unified account structure for all clients, with access to both CFD and futures markets. Key trading terms include:
- Minimum deposit: €500
- Leverage: Up to 1:30 for retail clients (per ESMA)
- Commissions: Transparent per-contract pricing for futures; variable spreads for CFDs
- Base currencies: EUR and USD
- Order types: Market, limit, stop, GTC, OCO
Professional clients may request higher leverage and tailored trading conditions, subject to eligibility assessment and CNMV rules.
Retail and Institutional Features
iBroker primarily targets experienced retail traders and active futures participants. Institutional features are limited but include:
- Exchange access via DMA
- Tiered commission plans based on volume
- Custom trading conditions for high-frequency clients
No prime brokerage, FIX API, or white-label services are publicly available. The broker is not suitable for hedge funds or asset managers requiring custodial or clearing services.
Client Protection and Transparency
Client protections under CNMV and EU law include:
- Segregated client accounts with Spanish banks
- Negative balance protection for retail clients
- Participation in the FOGAIN compensation fund (up to €100,000)
- MiFID II-compliant order execution policies
iBroker publishes regular regulatory disclosures and risk documentation. Execution venues, commissions, and product terms are clearly disclosed on its website and within the platform.
Base Currencies, Order Types, and API Access
Supported account currencies include EUR and USD. Order types available across platforms include:
- Market and limit orders
- Stop-loss and take-profit
- Good-Till-Cancelled (GTC), Fill-or-Kill (FOK), One-Cancels-the-Other (OCO)
Automation is supported on MT4 through EAs. API and FIX access are not advertised, though may be available for institutional clients on request.
Pros and Cons
- Pros:
- CNMV-regulated and MiFID II compliant
- Access to both futures exchanges and OTC CFDs
- DMA execution for listed derivatives
- Proprietary trading platform with mobile support
- FOGAIN protection up to €100,000
- Cons:
- No MT5 or FIX API integration
- Retail-focused; limited institutional infrastructure
- Cryptocurrency offering is limited
- No Islamic or swap-free account types
- Minimum deposit relatively high for casual traders
Frequently Asked Questions
Is iBroker Global Markets regulated?
Yes. iBroker is regulated by the CNMV in Spain and complies with MiFID II regulations. It is authorised to offer investment services across the European Economic Area.
What platforms does iBroker offer?
iBroker provides its own proprietary web/mobile platform and MetaTrader 4 for CFD trading. There is no MetaTrader 5 or third-party platform support.
Can I trade futures with iBroker?
Yes. iBroker offers DMA access to futures on CME, EUREX, MEFF, and other exchanges with transparent per-contract pricing.
Is there investor protection with iBroker?
Yes. Eligible retail clients are protected under the FOGAIN compensation scheme up to €100,000 and benefit from segregated accounts and negative balance protection.
Does iBroker support automated trading?
Partially. MT4 supports algorithmic strategies via Expert Advisors. FIX API or custom integrations may be available for institutional clients on request.
