MetaTrader Australia » IBFX

IBFX Australia Acquires Licence

admin — Wed, 25 Aug 2010 22:47:15 +0000

IBFX Australia Pty Ltd. Acquires Business Licence to Open Doors in Sydney, Australia

“I am eager and confident as we launch our Australian offering, furthering our global expansion,” said Todd Crosland, chairman and president of IBFX Holdings LLC. “Our ASIC registration will allow us to continue to deliver world class technology solutions and exemplary customer experience to retail traders worldwide.”

Located in the heart of downtown Sydney, IBFX Australia Pty. Ltd plans to follow in the footsteps of its sister company, providing transaction transparency and improving industry standards for foreign exchange.

“We bring with us to Australia our transparent business model and focus on customer care, something we feel sets us apart from competitors,” said Crosland. “As always, we find it vital to provide the best possible trading experience for our customers. That’s how we want do business. That’s our culture. That’s our technology.”

As the popularity of forex trading rapidly grows around the world, IBFX Holdings LLC recognizes the need for increasing levels of access and technology.

IBFX Holdings LLC, parent company of leading U.S. off-exchange retail foreign currency (forex) broker Interbank FX LLC, announced today the opening of its Australian subsidiary, IBFX Australia Pty. IBFX Australia Pty. Ltd. has obtained a license with the Australian Securities and Investments Commission (ASIC) and will offer comprehensive services for retail and institutional customers beginning September 1, 2010.“I am eager and confident as we launch our Australian offering, furthering our global expansion,” said Todd Crosland, chairman and president of IBFX Holdings LLC. “Our ASIC registration will allow us to continue to deliver world class technology solutions and exemplary customer experience to retail traders worldwide.”

As the popularity of forex trading rapidly grows around the world, IBFX Holdings LLC recognizes the need for increasing levels of access and technology.

Automated Trading Championship 2010 by MetaQuotes

MetaTrader Global — Tue, 17 Aug 2010 22:50:55 +0000

978 Participants Registered

MetaQuotes Software Corp., Interbank FX, MIG Bank, FXCM, the TRADERS’ magazine and Dow Jones hold the fourth annual Automated Trading Championship 2010. The best three developers of automated trading strategies will be revealed within three months. Assessment criterion will be the absolute profit. Winners will share the Automated Trading Championship 2010 Prize of totally 80,000 US dollars!

The championship will begin on October 4th and will end on December 24th 2010. The main goal of its conduction is to popularize automated trading and the MQL5 programming language. During the contest, we’ll have the chance to estimate success of different Expert Advisors and to see what are limits of the automated trading progress today.

MetaTrader 5 client terminal can be downloaded here.

Three important rules were announced by MetaQuotes in order to reflect real trading environment:

Scalping is not allowed – “never use scalping: if the profits of 25% of trades, made by the end of the contest, are detected to range within the spread, the Participant will be disqualified”. Strategies who use scalping method in demo account are most likely not to reflect live trading results, because of market fluctuation and the differences between a “clean” feed of the demo account and a “real” feed of a live account, and because of the sensitivity for the differences between Brokers spreads.
Limiting Max positions / amount – “The maximum combined amount of positions and pending orders’ lots, regardless of the direction on one symbol, is 15. Stop-losses and take-profits are not taken into account” – to prevent non realistic trading leverage, Metaqoues are limiting the maximum open positions total lots size.
The winner will be determined by the highest balance at the end of the competition – “Only three Participants, having the maximum balance at the moment of the contest’s closure, can become the winners of the Championship”.

Find out more at http://championship.mql5.com/2010/

Interbank FX Margin Calls Explained: What Sets IBFX Apart

admin — Mon, 08 Feb 2010 06:54:21 +0000

IBFX Forex margin calls are significantly different than margin calls in other markets. We do not call our clients to warn them their equity has fallen to dangerously low levels. The leveraged nature of Forex trading does not allow time for a traditional margin call.

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.