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Continuing from the Finance Magnates report yesterday that OANDA has acquired the U.S. clients of the U.S. subsidiary of TradeStation, IBFX, another deal is confirmed as the brokerage has also signed a deal with IBFX Australia. All clients of IBFX Australia have until the 4th of March to sign off from a deal that is transferring their accounts to the Australian subsidiary of OANDA, OANDA Australia PTY LTD.
For IBFX clients who agree with the proposal, the transfer will be automatic. IBFX clients of both the U.S. and the Australian foreign exchange subsidiaries of TradeStation who oppose the transfer of their accounts to OANDA ... (read more)