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please keep us updated about your friend's withdrawal request of 3 million Dollars from Interbankfx. I must say, that $3,000,000 is alot of money to be withdrawing at one time and maybe they just need a little longer time than normal to get the money for your friend? |
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Certainly in the $1000 to $10,000 range I've never had trouble withdrawing from InterbankFX.
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Metatrader 4 - EA Live and Demo Hosting Solutions http://www.omegasupreme.com |
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IBFX provides ECN-like model to retail traders
Interbank FX (Forex | Forex Broker | Currency Trading | Forex Trading), a leading provider of online foreign currency (forex) trading, reveals its unique multi-bank order routing system, which provides access to liquidity and automatically executes trades with several of the world’s largest financial institutions, including Bank of America, Barclays Capital, Citigroup, and Goldman Sachs.
“By obtaining competitive bids for order flow on our proprietary multi-bank feed, IBFX customers achieve optimal pricing and execution, faster processing times and increased liquidity on every trade, with just one click of the mouse,” said company president and CEO Todd Crosland. The advantages of trading with agency-based Interbank FX as compared to a single market maker platform, or ‘Dealing Desk’ include: • Tighter spreads (as low as two pips) • 100% automatic execution • No market manipulation • Competitive pricing derived from leading money center banks • Anonymous order execution • Smart routing to leading banks Interbank FX’s unique platform enables both retail and institutional customers alike to trade forex without the hidden obstacles or potential conflicts of interest of a dealing desk broker. Because IBFX currency prices are derived from its financial institution liquidity providers, its price feed most accurately reflects the natural movements of the interbank FX market. In addition, Interbank FX trading profits are generated exclusively on its markup to institutional prices, and never from a dealing desk trading against customer positions. IBFX is the only forex trading platform where company interests are squarely aligned with those of its customers. “Our long-term success is directly tied to the success of our customers,” said Crosland. “I invite traders to put the ‘IBFX difference’ to the test and find out what separates us from the rest of the pack.” Interbank FX’s multi-bank liquidity feed is available on both live and demo accounts at Forex | Forex Broker | Currency Trading | Forex Trading. Interbank FX was recently honored by Shares Magazine as the #1 Foreign Exchange Broker for 2007. |
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A little while back when it became clear that IBFX had ties to FXLQ and was actually using them to clear their trades instead of passing customer orders straight through to banks as they claimed, IBFX's Chairman and president Todd Crossland claimed not to be involved with FXLQ. Forex Street Weblog: InterbankFX related to FXLQ?.... I do not think so However it is obvious that this is in fact a flat out lie and that IBFX is thoroughly dishonest from the top down. Look at page number 7 of the report under the institutional clients section and this becomes obvious. http://www.robbevans.com/pdf/forexlqreport01.pdf No wonder when the financial data was finally released for December by the NFA it shows that "Interbank" FX's net capital has been reduced by the $11,000,000 that they say was owed to it by FXLQ. Financial Data for FCMs Apparently they are even lying about that. Think "Interbank" FX is honest and financially stable? Think again.
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ECN pricing
This is not true
I'm not sure what the purpose of this news announcement was, as nothing has changed. The spreads are the same and fixed with no change. If bids are received from multiple banks to benefit the customer, then spreads should vary and not be fixed ![]() |
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Very good point! |
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LinkBack to this Thread: http://www.forex-tsd.com/metatrader-brokers/5329-interbankfx.html
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| Posted By | For | Type | Date | |
| Ibfx Forex | This thread | Refback | 12-16-2007 06:27 PM | |
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