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IBFX UK branch to open

  • #21
  • Dec 6, 2009 7:24am Dec 6, 2009 7:24am
Well that's good news! I've just opened an account with ibfx us, and I hope I could transfer my funds to ibfx uk.
Because all these regulations like FCM or CFTC don't help me if I'm from EU. These regulations are only for US citizens. Correct me if I'm wrong.
And about UK accounts for US citizens...maybe the US doesn't like the US capital going overseas, but they are happy to accept investments from other citizens. It's the time of crisis

Regards
  • #22
  • Dec 6, 2009 10:45am Dec 6, 2009 10:45am
Any idea if IBFX UK will offer other instruments such as CFDs?
  • #23
  • Dec 7, 2009 8:34am Dec 7, 2009 8:34am
Quoting Toothman
Abby,
Yes or no. Will US. citizens be allowed to open accounts with IBFX UK.? If yes, will they still be offered the 400:1 leverage and nano lots? Thank you.
Abby,
Are you able to answer this for me? Thanks.
  • #24
  • Dec 7, 2009 9:55am Dec 7, 2009 9:55am
Soon-you will have to re-locate overseas to open a lemonade stand. Of course they will not accept us (USA). Now even American companies wont take us? lol-
Hell- I wouldnt accept us either.
FF = Forex Faggots
  • #25
  • Dec 7, 2009 10:30am Dec 7, 2009 10:30am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting 8fingers
Soon-you will have to re-locate overseas to open a lemonade stand. Of course they will not accept us (USA). Now even American companies wont take us? lol-
Hell- I wouldnt accept us either.


  • #26
  • Dec 7, 2009 11:44am Dec 7, 2009 11:44am
Quoting Toothman
Abby,
Are you able to answer this for me? Thanks.
Hi Toothman,

Until our application in the UK is approved by the regulators, we won't have specific details on our offering but we expect U.K. accounts will be available to all interested customers and will include nano, micro, mini and standard lots as well as margin deposits being placed in segregated funds. 200:1 leverage seems to be common in the U.K. and we would expect to be able to offer something in that range.

Hope that helps!

  • #27
  • Dec 7, 2009 12:37pm Dec 7, 2009 12:37pm
Quoting Abigail
Hi Toothman,

Until our application in the UK is approved by the regulators, we won't have specific details on our offering but we expect U.K. accounts will be available to all interested customers and will include nano, micro, mini and standard lots as well as margin deposits being placed in segregated funds. 200:1 leverage seems to be common in the U.K. and we would expect to be able to offer something in that range.

Hope that helps!
what time frame are we looking at for the u.k. office to be open? thanks
  • #28
  • Dec 7, 2009 12:49pm Dec 7, 2009 12:49pm
Quoting Abigail
Hi Toothman,

Until our application in the UK is approved by the regulators, we won't have specific details on our offering but we expect U.K. accounts will be available to all interested customers and will include nano, micro, mini and standard lots as well as margin deposits being placed in segregated funds. 200:1 leverage seems to be common in the U.K. and we would expect to be able to offer something in that range.

Hope that helps!
Do you also plan on offering CFDs in the Uk?
  • #29
  • Dec 7, 2009 1:54pm Dec 7, 2009 1:54pm
Quoting forex4all
Do you also plan on offering CFDs in the Uk?
Salt Lake City, November 30, 2009 — Interbank FX UK Ltd, a sister company to leading U.S. off-exchange retail foreign currency (Forex/FX) broker Interbank FX, LLC (www.ibfx.com), announced today the plans to open an office in Central London, aimed to accommodate and better serve the retail FX customer in the UK and Europe.

"We find it paramount to provide the best possible trading experience for our customers," said Todd Crosland, Chairman and President of IBFX Holdings LLC. "Opening a UK based company will allow us to cater to our European and International customer base and provide our customers with the ability to trade additional asset classes, including; Spot Metals, oil, Indexes and CFD's. Registration with the Financial Services Authority (FSA) provides brokers with the ability to hold customer funds in segregated margin accounts."
  • #30
  • Dec 8, 2009 3:30am Dec 8, 2009 3:30am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Abigail
Hi Toothman,

Until our application in the UK is approved by the regulators, we won't have specific details on our offering but we expect U.K. accounts will be available to all interested customers and will include nano, micro, mini and standard lots as well as margin deposits being placed in segregated funds. 200:1 leverage seems to be common in the U.K. and we would expect to be able to offer something in that range.

Hope that helps!
"200:1 leverage seems to be common in the U.K"
Sorry,what a nonsense is that? UK is a free country, its not USA. U can offer there what ever u want, even 500:1, like Alpari UK does
  • #31
  • Dec 8, 2009 4:02am Dec 8, 2009 4:02am
Quoting BiggerPips
Salt Lake City, November 30, 2009 — Interbank FX UK Ltd, a sister company to leading U.S. off-exchange retail foreign currency (Forex/FX) broker Interbank FX, LLC (www.ibfx.com), announced today the plans to open an office in Central London, aimed to accommodate and better serve the retail FX customer in the UK and Europe.

"We find it paramount to provide the best possible trading experience for our customers," said Todd Crosland, Chairman and President of IBFX Holdings...

Screw CFDs and all that nonesens I want my funds in Euros.
  • #32
  • Dec 8, 2009 5:43am Dec 8, 2009 5:43am
  • #33
  • Dec 8, 2009 7:32pm Dec 8, 2009 7:32pm
Quoting Abigail
Hi Toothman,

Until our application in the UK is approved by the regulators, we won't have specific details on our offering but we expect U.K. accounts will be available to all interested customers and will include nano, micro, mini and standard lots as well as margin deposits being placed in segregated funds. 200:1 leverage seems to be common in the U.K. and we would expect to be able to offer something in that range.

Hope that helps!
Abby,
Thanks for the reply. Was hoping you would keep the 400:1 leverage.
  • #34
  • Dec 8, 2009 11:20pm Dec 8, 2009 11:20pm
Yeah...I agree....I was hoping:

1) US citizens could have an account
2) We could have accounts in euros or pounds
3) We could have up to 400:1 leverage....

Without those options....why even use IBFX?

I have been a loyal customer for 5+ years....but those are options that would encourage and entice me to stay with IBFX.

BearPaw
  • #35
  • Dec 9, 2009 2:57am Dec 9, 2009 2:57am
I sure hate to see all of those NFA Goons migrating to UK. they were the ones who screwed NFA with all their stupid rules.

Remember, IBFX was the one who jumped the gun and implemented the NO HEDGE rule long before the deadline. And a bad implementation at that as well causing traders to unable to put any pending BUY and pending SELL at the same time. WTF.. PENDING ORDERS are considered HEDGING?

One day, FSA might end up like NFA, everyone will be feed up with all the crap regulations.

Personally, I wont trade with any NFA brokers who went to UK..
  • #36
  • Edited 3:10pm Dec 9, 2009 2:38pm | Edited 3:10pm
If IBFX UK isn't going to offer 400:1 leverage (on micro lots atleast), why bother?

This NFA nonsense of limiting leverage in the USA is why people are going to the UK and Australia in the first place. If some don't use that amount of leverage it's their business but they don't speak for everyone.




Quoting onu
"200:1 leverage seems to be common in the U.K"
Sorry,what a nonsense is that? UK is a free country, its not USA. U can offer there what ever u want, even 500:1, like Alpari UK does
  • #37
  • Last Post: Jan 11, 2010 2:04pm Jan 11, 2010 2:04pm
I'm eagerly waiting for IBFX to allow a U.S. customer's account to transfer to the UK. FXCM has already done this and has a lower margin requirement for the same currency pair. Let me decide my own risk and money management NFA.
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