Forex Brokers – interbank fx
Company Name interbank fx Website Address www.ibfx.com
www.ibfx.com.au Country United States Year Established 2001 Regulation IBFX Holdings LLC, United States; Interbank FX LLC, United States; Interbank FX UK Ltd. and IBFX Australia Pty Ltd. Regulation: NFA (ID #0387433, #0326091), CFTC, ASIC (#363972). Notes: Interbank FX is a division of TradeStation Forex, Inc. Live Chat Yes Language Arabic, English, German, Portuguese, Japanese and Russian Pip spread on majors from 1 pip on EUR/USD Free Demo Accounts Yes Minimum Initial Deposit – Mini US $1 Minimum Initial Deposit – Standard US $5000 Account Funding Methods Credit Cards, Wire Transfer, and Checks Trading Platform ICM Trading ActTrader,ICM Trading Metatrader 4 (MT4) Dealing Desk Straight Through Processor (STP) Smallest Lot Size 0.01 lot Maximum Leverage 1:50 Scalping Yes Hedging Yes Commissions No
Headquartered within Salt Lake City, UT, USA, Interbank FX LLC is a provider associated with online Forex trading solutions, providing individual traders, money supervisors and institutional customers amazing technology, tools and training to trade spot foreign exchange online. Interbank FX LLC seems to have distinguished itself amongst industry leaders with its distinctive multi bank liquidity feed, proprietary resources and services, as well as remarkable focus on customer service.
Helping greater than 35,000 clients from a lot more than 140 countries around the globe, Interbank FX LLC is controlled as a member of the National Futures Association and the Commodity Futures Trading Commission like a Futures Commission Merchant.
Todd Crosland started Salt Lake City centered Interbank FX in the latter part of 2001 and currently serves as the actual Chairman and President. Mr. Crosland points to Interbank FX’s achievement to the “customer centric” business design, which he points to as the firm’s basic differentiating factor. Unlike additional retail Forex brokers, Interbank FX has distinguished by itself as an industry innovator with their multi-bank liquidity feed such as multiple world cash center banks, proprietary tools as well as services and a powerful focus on client care.
In the year 2001, Interbank Forex (or simply IBFX) was established with its main base found in Salt Lake City, USA. With more than 35,000 clients from around the world, IBFX belongs to one of the largest Forex brokers the forex market has.
The IBFX website offers a wide variety of services. With the capability of IBFX to support 17 languages, it is then able to serve international clients well. In the IBFX website, traders can find video tutorials. It even has live customer support that is available 24 hours a day during weekdays. IBFX also has a phone support, which is very necessary especially for brokers who do not offer a platform that is web-based.
Due to the fact that IBFX uses a Multi-Bank system for its liquidity, clients are offered relatively low spreads wherein at times it can even reach to as low as 1 pip. Also, IBFX can boast of fast execution of transactions and that is because of the availability of fills coming from other banks.
IBFX is one of the trusted and well-established forex brokers in the market as it is regulated by respected associations and commissions. These regulators include the Commodities Futures Trading Commission (CFTC) and the USA-based National Futures Association (NFA).
There are three accounts IBFX provides to its customers, namely
IBFX Mini Account: The IBFX mini account offers the traders with a minimum of 0.1 mini lots and a leverage of 50:1. This means then that the minimum margin required amounts to $2. Furthermore, the maximum mini lots that can be traded is 50 with the lowest mini account volumes as 0.01 and highest as 50.
IBFX Standard Account: This account allows a position for as low as 0.01 standard lots that can be leveraged to 50:1. However for the minimum margin, the IBFX standard account requires as much as $20. With this account, clients are allowed to trade a maximum of 50 standard lots which can be changed following the predetermined volumes with 0.01 as lowest and 50 as highest.
INFX No-Swap Account: This account can either be mini or standard. The only difference is that the clients under this type of IBFX account follow the Sharia Law. The Sharia Law restricts its followers to gain or pay any interest on their positions. Therefore, these clients are asked to fill out a form which states that their account will be a No-Swap Account.
IBFX Demo Account: Just like other brokers, the IBFX also provides a demo account especially for new comers. This is to allow them to explore and understand the IBFX’s system before they engage into the real market.
IBFX uses the best platform, MT4. This platform is considered as the best trading platform in the forex market today. This platform employed by IBFX allows its traders to use the Expert Advisors feature as well as 40 other indicators and tools to help them in their decision making. Also, the platform is available in mobile version so that traders can perform their transaction with the use of their Pocket PCs and Smartphones.
One of the best features utilized by IBFX is that it has many video tutorials that enable MT4 users to understand the platform more. Also, the videos are very effective as educational tools because they provide direct and simple instructions for the traders.
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