IBFX Crowned Best Online FX Provider
at MoneyAM 2008 Online Finance Awards
-Company’s unique multi-bank order routing system also recognized as runner-up in
Best Active Trading Platform category-
SALT LAKE CITY—(BUSINESS WIRE)—At the half-way point of a year already marked with numerous industry accolades, Interbank FX (IBFX.com), a worldwide provider of online foreign currency (Forex/FX) trading, today announced that it achieved top ranking at the inaugural MoneyAM Online Finance Awards in the “Best Online FX Provider” category and was recognized as runner-up for “Best Active Trading Platform,” which recognized the company’s unique multi-bank order router and execution system.
All of this year’s award winners were chosen by users of MoneyAM—an online Website for its sister publication, Shares magazine, and one of the premier destinations for private investors in the UK—who voted for their favorite providers in several categories, including Best Online Futures Provider, Best Online Funds Service and Best Online US Market Trading Service. Other quality contenders at this year’s event included GFT, Saxo Bank and Interactive Brokers.
“We’re delighted to receive this honor that recognizes IBFX as a true industry leader, and thank the many users of MoneyAM for their gracious support,” said Todd Crosland, Chairman and President of Interbank FX. “The fact that these awards were voted for by actual traders who find value in our company simply strengthens our commitment to provide our customers state-of-the art trading capabilities and continual product enhancement.”
IBFX has achieved several company milestones in 2008 year-to-date, and has experienced rapid growth in customer accounts and trading volume over this time period. The company continues to distinguish itself as a leading foreign exchange trading platform, with its unique “no dealing desk”, multi-bank execution technology.
Among the many achievements that demonstrate IBFX’s continued value proposition to customers include:
- Strong Growth in Customer Accounts: Current customer base in excess of 26,000 active accounts in 140 countries around the globe
- Record Trading Volumes: Notional one-day trading volume of more than $11 billion on June 30, 2008 represents the highest daily trading volume recorded in IBFX’s history of operation.
- Enhanced Revenue Growth: YTD revenues up more than 140 percent compared to same time periodlast year
This most recent recognition by MoneyAM follows hot on the heels of IBFX’s success at the 2008 American Business Awards—hailed as “the business world’s version of the Oscars”—where the company was recognized as a Finalist in three separate categories, including Best Chairman (Todd Crosland), Best Marketing Executive (Marilyn McDonald) and Best New Product or Service (IBFXU).
Interbank FX was also named Best Foreign Exchange Broker at the 2007 Shares Awards in London.
To learn more about IBFX or to open a free Forex practice account, visit www.IBFX.com.
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About MoneyAM Ltd
MoneyAM launched in January 2003 as the new online website for its sister publication Shares Magazine. MoneyAM has already risen to be one of the premier destinations for private investors in the UK seeking personal finance information, stock market data, news and comment. MoneyAM has a strategy of focusing products and brands towards high-profile websites and established quality financial providers. MoneyAM’s success in this field is evidenced by the growing list of websites, portals and brokers who now use MoneyAM’s products for their clients, including Microsoft’s MSN.co.uk. MoneyAM delivers more than 54 million advertising impressions a month (November 2005), on behalf of a range of well-known lifestyle, personal finance and financial advertisers, to an audience of active private investors and traders.
About Interbank FX / IBFX.com
Interbank FX (www.IBFX.com) is a Futures Commission Merchant (FCM), registered with the Commodity Futures Trading Commission and a member of the National Futures Association (NFA). With customers in over 135 countries throughout the globe, IBFX offers individual traders, fund managers and institutional customers proprietary technology and a revolutionary approach to Forex trading. IBFX customers execute directly from a streaming quote feed, rather than from a dealing desk that trades against its customers, and offers one of the only automated trading platforms in the world. Customers can program their own algorithms that will automatically enter and exit trades based on their trading strategy. IBFX Wireless provides customers the flexibility to monitor, modify, execute trades and receive alerts anywhere in the world. Through partnerships with leading worldwide institutions, IBFX traders have access to liquidity from 1,000 to 5 million of the base currency with one click execution. Customers can trade micro, mini and standard lots. IBFX is committed to maintaining a high standard of service that enables customers to focus on trading opportunities in the Forex market while limiting their margin and liquidity risks. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investing and should only be attempted by experienced traders.
