Message from Interbank FX Chairman and President

Hey guys,

Wanted to share our Chairman and President's latest message here... see below.

Interbank FX would like to reiterate our commitment to transparency, integrity and commitment to upholding the corporate values that we have set forth. Interbank FX remains steadfast in our belief that transparency is vital in maintaining an equitable and just trading environment for our customers.



“We are proud to ‘open the hood of our engines’ for customers as we continually further our transparency efforts,” said Todd Crosland, chairman and president of Interbank FX. “In an industry that is very much dependent on financial integrity, we believe our focus on customer care sets us apart from our competitors.”



For example, Interbank FX does not employ a virtual dealer plug-in or other such mechanisms that could potentially tip odds against customers. We execute trades using our proprietary multi-bank liquidity engine, and will forever refrain from engaging in any manipulative acts or practices regarding the price of any foreign currency or Forex transaction. We do not condone abusive margin, liquidation and price slippage practices—and will never arbitrarily change or adjust leverage and margin practices.


Furthermore, our customers will never be subject to intentional delays, regardless of lot size. No settings or parameters are in place within Interbank FX’s Order Management Server that would deliberately affect a customer’s order in a negative way.



“We’re a company founded by traders, for traders. We know how important it is to have a broker who exhibits integrity in every capacity,” said Crosland. “We never adjust leverage and margin levels for our customers that would go against our core values and prevent us from carrying out what we’ve been set up to do in the first place— to help our traders succeed.”


Thanks, all!



Abigail~

hahahahahah... Im sure that this has nothing to do with the NFA action taken against Gain! Brilliant!

Its so easy to lie.

Yeah this is funny. "Oh no, we don't use the virtual dealer plug in!!" But we sure as heck know what it is...hehe.

I have a question for Todd Crossland: If they WERE using it, how would anyone know or be able to prove it anyway??? The answer is nobody could (except maybe the NFA). So I guess we as traders just take their word for it?

I have some questions.

Can't the NFA go after Boston Technologies because of the Virtual Dealer plug-in that goes with the package offered to brokers that use them as bridge to MT4?

If a broker uses MT4, are we to assume they all resort to using the plug-in? Remember, that major players like Citi and DB also now offer the use of the MT4 platform!

At least, IBFX has categorically issued a statement addressing the issue--and can be called on it, should the need arise. I wish all the others would follow suit.

Still, would it not be best to tackle this at the source: that is, to go after the company responsible for the existence of the darned software?

You can tell if they use it just by looking at your LIVE orders. I've used Citi before and even though they use the BT bridge the feed is clean. I often have numerous TP's that get filled at better prices and make me more money. (If you NEVER get in-your-favor TP's start sniffing for trouble) Thats something you wont see with a plug-in dealer. Also I almost never get a requote and/or strange trade delays. Orders are filled smoothly no matter the size.