Interbank FX was established in 2001 by a group of foreign exchange traders. This forex broker is addressed at Salt Lake City, USA. Interbank FX is a registered Futures Commision Merchant (FCM), registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). The Interbank FX review will underline about this forex broker’s kind of forex trading, capital, leverage, spread, server, swap, trading platform, account opening, deposit and withdrawal operation, bank guarantee, customer support, partnership, and trading diversities. Interbank FX provides micro forex , mini forex and standard forex account. The minimum capital for starting mini and micro forex in this forex broker is $250, and $2500 for standar forex. Interbank FX does not mention their leverage on this forex broker’s website. The spread in this forex broker is quite tight, between 2 to 4 pips on the normal market. On the volatile market, this forex broker’s spread may move up.
Interbank FX uses Meta trader as their trading platform, this forex broker name their trading platform as Interbank FX Trader. Their trading platform has the advantage of real time real-time streaming news which is very good for the fundamentalist trader. Interbank FX also provide mobile trading terminal for free. There are five different accounts in Interbank FX forex broker, individual account, joint account, LLC account, partnership account, trusts account and corporate account. In this forex broker you can apply all types of accounts by online. Interbank FX does not support online payment for deposit and withdrawal operation, this forex broker only support offline payment. For USA citizens, this forex broker provides Visa/Master card, Discover card, bank wire, and check for deposit and withdrawal operation. And for international clients, Interbank FX provides Visa/Marter card, Discover Card, and bank wire for deposit and withdrawal operation.
Interbank FX does not explain about the funds safety at this forex broker account. Interbank FX’s clients may contact this forex broker’s customer support by phone, email and live online support. Interbank FX has the IB (Internet Broker) program that allows each individual to be the marketing of this forex broker. Interbank FX is good for newbie regarding of the ability to trade micro and mini forex. This forex broker is also good for professional trader concerning of their legality. However, this forex broker’s bad side is it does not receive online payment.
July 4th, 2008 at 9:10 am
Today is the 4th of July and they closed the trading platform with no advanced warning to their clients, they just closed on client’s opened trades. They also had spreads widen 6 pips today with no economic news. Yes all of the horrid reviews you read about IBFX is true, they are the crooks that you read about. Stay away, even if you are a seasoned trader like me. New traders definitely stay away, or they will skin you alive and rob you blind in plan sight with all kind of platform crashes, especially if you have a trade that is really going in your favor in a big way, then your platform will mysteriously repair in self when your trade is going against you. If you open a trade with them and it is going your way, please for your sakes do a trailing stop to lock in your profits of have a TP level, and if it is a really big trade, they still may not close it once your TP is hit. I have had to close my TP’s manually on quite a few occasions. Also their re-quotes are ungodly. Just watch them