They do charge a commission on forex trades, but the spreads are ultra tight interbank spreads and their commissions are some of the lowest in the business, on all of their products. They do give lower leverage in forex than many others, but requiring more than 50 to 1 leverage is not a factor in my trading and probably shouldn’t be in most others’, I’m sure. I give only 4 stars because: YES, I know their customer service can be questionable, which I know from years ago and from other traders, but this is because IB is not interested in having to walk people through the basics or answer newbie questions..
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