Interactive Brokers (IBKR) scores 92/100 in our review (grade A, excellent), a Greenwich, Connecticut, United States-based broker regulated by SEC (US), FINRA (US), CFTC/NFA (US). It does not currently offer MetaTrader 5, so Market Structure Pro cannot be used here.
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Start free trial Visit Interactive Brokers (IBKR) ↗| Headquarters | Greenwich, Connecticut, United States |
| Founded | 1978 |
| Regulation | SEC (US), FINRA (US), CFTC/NFA (US), FCA (UK), Central Bank of Ireland (Ireland), ASIC (Australia), MAS (Singapore), SFC (Hong Kong), CIRO (Canada), JFSA (Japan) |
| Platforms | Trader Workstation (TWS), IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, Client Portal, TradingView |
| MetaTrader 5 | No |
| Own platform | Trader Workstation (TWS) |
| Account types | IBKR Pro, IBKR Lite, Demo (Paper Trading) |
| Min deposit | $0 |
| Typical EURUSD spread | 0.2 pips |
| Typical Gold spread | n/a |
| Commission | Commission-based across products; forex ~0.20 bps per side ($2 min per order) on raw interbank spreads; IBKR Lite offers commission-free US-listed stocks/ETFs |
| Execution | DMA / ECN-STP (agency execution with SmartRouting) |
| Funding methods | Bank transfer, ACH, Wire, Check |
| Demo account | Yes |
| Support | 24/5 |
Interactive Brokers is a long-established (1978), heavily regulated US-headquartered broker offering direct market access to roughly 150 markets across 30+ countries, spanning stocks, options, futures, forex, bonds, funds, CFDs (outside the US) and spot crypto. It uses its own proprietary platforms, TWS, IBKR Desktop/Mobile, GlobalTrader and Client Portal, rather than MetaTrader, so Market Structure Pro cannot be used.
It competes on very low, commission-based pricing with a $0 minimum deposit and true agency execution via SmartRouting, making it a favourite of active, professional and international traders. It accepts US retail clients, though US residents cannot access spot forex or CFDs.
Main drawbacks are platform complexity and support responsiveness rather than cost or regulation, both of which are excellent.
A separate reputation score out of 100, based on genuine user reviews across the web and kept independent of the feature score above. Our read: reviews look genuine.
Interactive Brokers is a NASDAQ-listed, multi-regulated custodian with top editorial ratings (5/5 ForexBrokers.com and NerdWallet; 99/99 Trust Score) and strong high-volume app ratings (~4.5/5 across ~11,250 Apple and ~72,594 Google Play), broad, consistent, organic sentiment. Low Sitejabber (1.7/5, 11 reviews) is unrepresentative complaint bias. Only material blemish is a 2020 AML-reporting settlement.
Can I use Market Structure Pro with Interactive Brokers (IBKR)? Not directly. Interactive Brokers (IBKR) does not offer MetaTrader 5, which MSP requires, so browse MT5 brokers instead.
Sources: www.interactivebrokers.com · www.forexbrokers.com · brokerchooser.com. Figures are typical and change, so confirm on the broker's site.
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