DislikedHi, I've used IB for forex for 7 months back in 2007. I had a bad experience with them mainly due to the 3 following elements:
1) TWS, their application, is buggy and not user friendly
2) the customer support is terrible
3) P&L for forex is reported in the various currencies traded and you have manually to convert them to your account base currency (paying commissions on those conversions).
The good thing is that their fx commissions are the among the lowest.
I don't know how the situation has become in 2009, but I wouldn't try to find out myself....Ignored
1)TWS is VERY stable, never had a crash.
2)the customer service is very good recently, i had a fine experience yesterday on their live chat, the guy there spent half an hour with me, live, explaining the creation of custom buttons for specific trades.
3)P&L for forex is ALWAYS in traded currencies on ALL the serious ECN platforms. If you don't like that, there is also the MT4 thing and oanda....good luck with them..