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As FXCM Sweetens Pricing Terms of Former IBFX Customers, a Greater Industry Trend Emerges
Buying another brokers’ client assets is one thing, transferring them to your books is another The issues involved with transferring are currently on display, as FXCM announced earlier this month that it was acquiring the US and Australian MT4 retail customer base from IBFX. Owned by Japanese Monex Group, that broker then followed with an announcement that it was shuttering its entire MT4 business and would focus its efforts on promoting the Tradestation and Tradable platform to clients. For IBFX customers, this led to a deadline this past weekend, on deciding whether to remain with the broker and see their ... (full story)