Http://www.nfa.futures.org/basicnet/...010contrib=NFA read the pdf in bottom of the page, number 13
Http://www.nfa.futures.org/basicnet/...010contrib=NFA read the pdf in bottom of the page, number 13
I don't have any trouble accessing NFA, but unable to access interbankfx.com. It seems IBFX currently shutdown today.
everything okay. here. Both website and platform...Originally Posted by ;
no reason to start panicking. See the doc.
N.f.a. main complaint was ibfx assert how clients funds was handle giving traders false hopes on there funds incase ibfx goes under and ibfx telling us that all our transactions goes right to the interbank market witch isn't the situation your right no need to panic they will probly get a significant fine and change there site a little.Originally Posted by ;
Just moved to there site seems like there performing an update, you know those changes that n.f.a wants.
Gonna check...Originally Posted by ;
I have sent them an email asking for a statement. If I receive something, I will post here...
Merely being a lil pain in the arse customer, you know...
I'm just curious if people are understanding the consequences of this record. InterbankFX has implied for a long time they were not a deal desk. I think the majority of the people trading on the platform have discovered over the years that this isn't the situation. However, this is basically the NFA hitting them . It is basically a you said you weren't a deal desk and you marketed that way, but you are record.Originally Posted by ;
The other issue is less serious but still intriguing. There are many people that believe there is some magical way to protect funds when you deposit them in a bank, stock, or forex accounts outside whatever the insurance protections for this account are. It appears that InterbankFX has been stating they keep customer funds segregated, which might be accurate, but they imply that makes them 100% safe. Having capital segregated and having something like a Fraud bond, which I'm not certain if InterbankFX has, does help shield the customer, but at the end of the day, if the brokerage firm includes a $20 million likely, you aren't getting any money back. This does not indie that InterbankFX would have this problem, but it appears they could have led customers to believe that there were no conditions that the customers would not or couldn't get their money back, and that is simply not true. Even a significant bank can not really guarantee your capital within a certain amount regardless of what. I wish these guys would only be most honest and state that if major market events occur that throw us out of business by tens of thousands of dollars, you might not find a dime. I don't expect them to have such problems, and I will take my chances, but I hate that they attempt to lie about it. Hopefully, we begin to see more activities by the NFA to get them to be honest about customer deposits and about where they earn their money.
N.f.a are breaking down on those brokers look at what happen with ( c.f.g. ) it is a fantastic thing. I seem for them to start craking down on brokers for false advertising on those brokers that say no bargain desk intervetion and best bid and ask from the top banks witch we no if it was the best bid and ask spreads wound not be 5 pips, so the bargain desk needs to be playing with the spreads, they better off saying straight thru process.