We’d like to remind every US Interbank FX LLC account holder of the upcoming leverage and margin changes. These regulations will go into effect for all Interbank FX accounts between market close on October 15th (4PM EST) and market open on October 17th (6 PM EST).

Traders whose accounts remain at “Interbank FX LLC” should be aware of how these changes may affect their accounts:

Interbank FX US accounts with leverage higher than 50:1 will be reduced to 50:1. Please be aware that this change in leverage will immediately double the amount of margin required to hold any open positions; and if there is insufficient margin in the account, a margin call liquidation will be initiated. As a general rule, traders with a margin level of 200% or less before the leverage update will be at risk of margin call liquidation.

Margin call warning and liquidation levels will update to 125% for margin call warnings (the level at which new trades cannot be placed) and 100% for margin call liquidation (up from the current levels of 100% and 50% respectively).

Also, Don’t forget to take advantage of our 10% deposit match promotion.

If you have additional questions about how this may affect on your individual trading account, please feel free to contact our customer service team, available to chat 24 hours a day, 5.5 days a week.

Source: www.ibfx.com

The 10% Deposit Match is back!

New and existing Interbank FX clients can earn a 10% deposit match on deposits over $2,000 by October 18, 2010.

Trading requirements apply

Here is a brief description of the promotion:

10% Deposit Match

• This promotion is available to all existing and new clients
• Any customer with deposits over $2,000 by October 18, 2010 will be automatically enrolled into the promotion
• Transfers between Interbank FX trade accounts do not qualify
• Clients must trade the minimum lot requirements
• Promotion ends October 18, 2010
• Other terms & conditions apply

For more details please go to  http://www.ibfx.com/Promo/TenPercentPromo.aspx

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Accounts trading with 100:1 margin levels are subject to a margin call when the equity in the account is equal to or lower than 50% of the margin posted. Once this unfortunate situation occurs the Interbank FX trader 4 platform closes trades automatically. Trades are closed in order beginning with the largest loss trades are closed until the equity in the account exceeds the 50% threshold.

IBFX ‘s margin call policy is in place for the protection of our clients. Margin calls are made with the intent of preventing a client’s account from falling into a negative balance situation. Our margin call policy does not eliminate the potential risk that losses will exceed the amount of the deposit. Margin calls are merely our attempt to prevent such unfortunate situations.

The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses.

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Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available.

Related posts:

1. IBFX on Upcoming Leverage and Margin Changes
2. IBFX 10% Deposit Match is back
3. IBFX Australia Acquires Licence
4. IBFX Acquires an Australian Licence
5. Interbank FX Releases January Performance Metrics