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InterbankFX Review

Posted By Marcus Holland On Monday, April 22nd, 2013 With 0 Comments

Introduction

InterbankFX or IBFX is an STP broker that began its operations in 2001. It has its headquarters in Salt Lake City, Utah, and is regulated as a Futures Commission Merchant by the Commodity Futures Trading Commission (CFTC), and is a member of the National Futures Trading Commission (NFA).

Asset Index

The asset index that is available for trading on InterbankFX is listed below:

CURRENCY PAIR Spreads(As low as) Average Spreads
EUR/USD 1.8 1.92
USD/JPY 2.0 2.14
GBP/USD 2.0 2.40
USD/CHF 2.0 2.33
USD/CAD 2.0 2.26
AUD/USD 2.4 2.60
AUD/CAD 3.0 3.62
AUD/CHF 3.0 3.54
AUD/JPY 3.0 3.49
AUD/NZD 3.0 3.99
CHF/JPY 3.0 3.60
EUR/AUD 3.0 3.36
EUR/CAD 3.0 3.71
EUR/CHF 2.4 3.02
EUR/GBP 2.2 2.49
EUR/JPY 2.2 2.62
EUR/NZD 3.0 4.18
GBP/CHF 3.0 3.80
GBP/JPY 3.0 3.89
GBP/NZD 3.0 4.70
NZD/CHF 3.0 3.79
NZD/JPY 3.0 3.71
NZD/USD 2.4 2.95
USD/SGD 4.0 4.77

Trading Platforms

The platforms available for use on InterbankFX are given below:

MT4: InterbankFX gives its clients access to the popular MetaTrader 4 platform. With the inclusion of newer features like access to Dow Jones news, extra customizable indicators, and the ability to execute orders with one-click trading added to the feature-rich MT4 platform, clients of InterbankFX now have a better trading advantage.

TradeStation Forex: InterbankFX provides its customers with access to trade with the TradeStation Forex platform. This platform has the benefits of executing trades with a single click, market analysis through customizable charts and back testing, market scanning and chart pattern recognition, among others.

TradeStation Ifx: This is the platform that is best suited for advanced traders and professionals. It provides its users with the opportunity for forex trading with institutional spread and institutional depth, behind the scenes trading, STP trading, display of market depth, and a host of other features.

InterbankFX also provides its customers with access to social trading features through the IBFX Connect.

Deposits and Withdrawals

Deposits and withdrawals can be made on InterbankFX through Bank Wire, Credit Card, and Check.

Minimum Deposit

There is no minimum deposit requirement on InterbankFX.

Maximum Deposit

The maximum deposit allowed for Credit Card and Check is 20,000 USD.

Minimum Trade Size/Amount

The minimum lot size is 0.01lot.

Maximum Trade Size/Amount

The maximum lot size is 50 lots.

Minimum Withdrawal Limit

There are no minimum withdrawal limits.

Maximum Withdrawal Limit

There is no maximum withdrawal limit.

Conditions for Deposit and Withdrawals

All withdrawal requests will be returned to the same payment system from which funds where initially received. Recipient’s name on withdrawal requests must match account holder’s name as well as the name supplied on identification documents.

Customer Support

InterbankFX can be reached through the following means:

a)         Phone: 1 – 800 – 884 – 912 (Australia)

4001 – 202641 (China)

800 – 933807 (Hong Kong)

001 – 803 – 017 – 9112 (Indonesia)

1 – 800 – 813 – 776 (Malaysia)

0800 – 445647 (New Zealand)

800 – 101 – 2097 (Singapore)

0 – 800 – 980 – 319 (South Africa)

00 – 800 – 332 – 31699 (Taiwan)

0 – 808 – 120 – 1966 (United Kingdom)

866 – 468 – 3739 (United States)

+1 – 801 – 930 – 6800 (International)

b)         Online Email contact form

c)         Live Chat – from Sunday 6:00 PM Eastern Time USA – Friday 4:00 PM Eastern Time USA.

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