Interbank FX Webinar: Discovering The Optimum FIFO Solution Together

At Interbank FX, we feel that you as a trader deserve to be a part of our FIFO decision—customizing a solution to fit your needs. Our goal is to comply with the NFA’s recently introduced FIFO rule in a manner that is the most widely accepted and understood by our client base.
We invite all of our U.S. customers to join us for a complimentary Webinar, presented by client services explaining FIFO and discussing a few options as we develop our new proprietary trading platform.
Date: Monday, October 26, 2009
Time: 11:00 AM - 12:00 PM MDT
Reserve your Webinar seat now at:
https://www1.gotomeeting.com/register/574103472

Date: Monday, October 26, 2009
Time: 8:00 PM - 9:00 PM MDT
Reserve your Webinar seat now at:
https://www1.gotomeeting.com/register/143869089

After registering you will receive a confirmation email containing information about joining the Webinar.

Thank you, and happy trading!

Thank you, Abigail.

If you're going to a proprietary platform, does that mean MT4 will eventually go away?

And what about widgets? Are you developing any new widgets?

it looks like NFA did not like their accounting FIFO change ... and trading is still the same with ibfx

Not so.

The Webinar is for IBFX to introduce 6 different options for staying compliant with FIFO. One of the options, option D is that the compliance remains as it is now and the adjustment is made on the back end, this is FIFO compliant now. They are also discussing their new proprietary Trading Platform code named Blackbird. It is being designed to run Metatrader EAs and is FIFO compliant from the start.

IBFX has no plans to discontinue MT4 and in fact states they will continue with it as well. They are beta testing MT5, but have made no decision to implement it and are not at this time sure if MT5 meets their needs.

The entire purpose of the webinar is to collect input on what methods of FIFO compliance the clients of IBFX prefer.

The webinar deals with no other topics.

Thanks for the info: I have three questions.

1) As a USA broker do you have to belong to NFA? If no, is opting out a possiblility. I do support NFA requirements that a broker have enough funds to operate the business but their trading regs are nothing more than a power play by the big traders to force everyone to trade the same way. I think that is garbage.

2) Is there any way around the high leverage issue? My trading methods are far better off using high leverage with a conservative lots in trading. The returns are worth the effort but low leaverage and conservative lots will bring such a low return it may not be worth using anymore.

3) Is IBFX Korean office able to take on USA traders and be outside these stupid trading rules?

On Questions 1 and 2, I can not answer you, because I am not an NFA expert. On the IBFX foreign office, IBFX was noncommittal on its intentions with foreign branches, other than to say that a last and ultimate option in FIFO compliance would be for a client to take their business overseas.

EDIT: The webinar made clear that its only topics were FIFO and Blackbird, They either did not answer any questions regarding leverage or the question about leverage did not come up.
Regarding your question number one, any statement I could make would only be opinion, and off topic from the webinar.