Warning to IBFX (and other USA) customers - Nov 29th = 100:1 max leverage

[Forex Goldmine]

Got this via email today, and just goes to show why you should be careful when trading with US brokers.

FYI: While our robots will work on 100:1 accounts, they are not very profitable so it is not recommended to trade on a 100:1 account.

Dear Valued Customer,

In compliance with the upcoming NFA regulations, we will no longer be offering accounts with more than 100:1 leverage. We are also required to alter the leverage levels on our existing accounts. We want our customers to be aware of these new requirements to determine in advance how this may affect their trading plans and decisions.

We are writing you because this affects your live account with Interbank FX.

As of market open on November 29, 2009, all currency pairs will have a maximum leverage of 100:1, with the exception of the USD/SGD and the USD/ZAR which will have a maximum leverage of 25:1.

Please be aware that this change will impact your margin requirement for any open or future positions. For example, if youre trading in a mini contract worth $10,000 at 100:1, you will need to post a $100 margin to open that mini lot trade. For a nano lot, which is 0.01 of a mini contract, you will be required to post $1.

The margin call and stop levels on your 100:1 account will be: Margin Call - 65%, Stop Out - 50%. As a contrast, if your account was 400:1 your levels would have been: Margin Call - 125%, Stop Out - 100%. Or Margin Call - 100% and Stop Out - 50% for a 200:1 account. We also want you to understand how leverage can work both for and against you.

Please consider your account balance and how the new margin requirements will affect you. If you need to deposit funds, simply click on the link below and remember, we now offer no fee credit card deposits.

Deposit Funds by clicking this link - https://secure.ibfx.com/tradingaccount/deposits.aspx

If you have not already done so, you can also register your account for our 10% deposit match promotion. Simply click on the link below and register your account.

Register for the 10% match by clicking this link - https://secure.ibfx.com/promotions/c...10percent.aspx

If you have any questions regarding this email, please contact us via email, online chat, or on the contact numbers below.

We thank you for your continued support, and best of luck with your trading.

The Interbank FX team.

We are available by telephone 24 hours a day from Sunday at 5:00PM EST to Friday 5:00PM EST.

Toll Free:
US and Canada: 866.468.3739
Australia 1.800.884.912
Indonesia 001.803.017.9112
Malaysia 1.800.813.776
New Zealand 0800.445647
Singapore 800.101.2097
United Kingdom 0.808.120.1966
International: +1.801.930.6800

Interbank FX LLC  Registered FCM, Member NFA  DISCLAIMER: Trading in the off exchange retail foreign currency market is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Leverage disclaimer: 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.


Interbank FX is a registered Futures Commission Merchant (FCM), registered with the Commodity Futures Trading Commission (CFTC).
Tel: 1.866.468.3739 | Copyright) 2008 | IBFXTM is a trademark of Interbank FX, LLC IBFX / Interbank FX | 3165 Millrock Drive STE 200 | Salt Lake City, UT 84121 To opt-out of future emails from IBFX / Interbank FX, email marketing@ibfx.com