Is Interbank FX still safe

Hi guys,

I've been reading a lot recently about some brokers going down and having problems and heard Interbank FX might have a leg in the mud pile somewhere.

If i wanted to dump a truck load of money on a broker, would it still be the / a preferred option or should i stick to GAIN or FXSOL (Currently being aquired)

Your opinions will be appreciated.

Please only post if you use IBFX or have solid information in regards to my question.

Much appreciated.
Regards,
E. Lang

May I ask why you are looking at risky US spot forex brokers if you have a lot of money?

As soon as you deposit money in any broker who only offers spot forex I would say your money is at risk.

I would look at trading forex futures instead or some of the larger brokers that trade other markets in addition to spot forex, such as Tradestation, Interactive Brokers, Thinkorswim, etc.

I suggest that you check on your broker's financial capability by going to this link.

http://www.cftc.gov/files/tm/fcm/tmfcmdata0704.pdf

Rumor has it that NFA will shut down any broker that has less than $5 million in funds, and maybe NFA will raise capital requirement to 9$ million.So take a pick on your broker financial on that site

Thats was very useful!

Thank you.

It's not seems to me a rumor... I also have heared about this...Also i got an E-mail from my broker fxcm once about this ... Ofcourse they are also doing thier advertisment through that as they are the worlds biggest broker with huge fund's...

Here's the most current financial data. As you can see IBFX is sitting pretty. No worries Mate.
http://www.cftc.gov/files/tm/fcm/fcmdata1207.pdf

Thanx a lot guys, you've been very helpful.

Appreciate it.

Take care.
Effi

Be careful with IBFX, they are only scammers and when there is a great movement in different pairs they use to paralize the server going against all traders. Only my experience.

Also Interbank FX was tied very closely to robert gray and FXLQ... i'm not 100% sure how this will effect them in the long run but i would be very suspicious of them especially as it seems that governing bodies are trying to "cut the fat" out of the industry and dont seem to have an issue locking up cleint funds in the process.

Who is Robert Gray? and also who would you all recomened that is safe?

Dale

FCM Data Report for March: PDF