Interbank FX files for an Australian license

IBFX Holdings LLC, parent company of leading U.S. off-exchange retail foreign currency (Forex/FX) broker Interbank FX LLC, announced today the

IBFX Holdings LLC, parent company of leading U.S. off-exchange retail foreign currency (Forex/FX) broker Interbank FX LLC, announced today the plans to open a Sydney based company aimed to accommodate the retail trader within the Australian continent and neighboring countries.

IBFX Australia Pty. Ltd. has filed an application with the Australian Securities & Investments Commission (ASIC), with hopes to begin offering comprehensive services for retail and institutional customers.

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“We find it vital to provide the best possible trading experience for our customers, and we have discovered the Australian marketplace to be an essential area for expansion and development,” said Todd Crosland, Chairman and President of IBFX Holdings LLC. “In addition, our ASIC registration will provide brokers with the ability to hold customer funds in segregated margin accounts.”

IBFX Australia Pty. Ltd. plans to provide a complete portfolio of services to better serve European customers, including proprietary Forex trading tools, sophisticated IT solutions and Multi-bank Liquidity Feed pricing.

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“We believe Australian traders will be drawn to the flexibility and volatility of the Forex market, and we are pleased to become part of this dynamic marketplace,” said Crosland. “We bring with us to Australia our transparent business model and focus on customer care, something we feel sets us apart from competitors.”

As the popularity of Forex trading rapidly grows around the world, IBFX Holdings LLC recognizes the need for increasing levels of access and technology. Interbank FX UK, Ltd., a sister company of Interbank FX LLC, is currently under review with the FSA and is hopeful we will be opening our doors soon.

About IBFX Holdings LLC

Headquartered in Salt Lake City, UT, USA, IBFX Holdings LLC is the parent of the Interbank FX group of companies; including Interbank FX LLC, Interbank FX UK Ltd. and IBFX Australia Pty. Ltd. Interbank FX LLC is a provider of online Forex trading services, offering individual traders, money managers and institutional customers proprietary technology, tools and education to trade spot foreign currency online. Interbank FX LLC has distinguished itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care. Serving more than 35,000 clients from more than 140 countries around the world, Interbank FX LLC is regulated as a member of the National Futures Association and the Commodity Futures Trading Commission as a Futures Commission Merchant.

Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available. Full risk disclaimer can be found here: http://www.ibfx.com/legal/riskwarning.aspx.

PR Contact:
Abigail DeGraff
Interbank FX
(801) 930-6833
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