Definition of Interbank Market
The network of major banks that trade currencies directly with each other. This is where the largest forex transactions occur, forming the basis of the prices you see on your trading platform.
At a glance
Term
Interbank Market
URL slug
interbank-market
Category
General
Short answer
The network of major banks that trade currencies directly with each other.
Deep dives
Full A–Z glossary
Example
Apply the definition: restate “Interbank Market” in one sentence tied to your next trade (symbol, direction, size, stop). If you cannot, re-read the definition above.
Common mistake
Common mistake: using “Interbank Market” as loose slang while your broker/platform specification defines it more narrowly.
Professional tip
Tip: bookmark this “Interbank Market” page and reopen it when reading broker specs so definitions stay consistent.
Practice tools:
Related terms
FAQ
The network of major banks that trade currencies directly with each other.
Knowing the precise definition of “Interbank Market” prevents platform and broker-spec mistakes—a common source of size and cost errors.
Common mistake: using “Interbank Market” as loose slang while your broker/platform specification defines it more narrowly.