Interactive Brokers Folds Retail Forex in US

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Interactive Brokers Folds Retail Forex in US

Postby kreslik.news » Thu Aug 11, 2016 6:17 pm


Finance Magnates has learned that US clients of forex brokerage Interactive Brokers have been contacted by email informing them that effective 1 September, 2016, only accounts held by Eligible Contract Participants (ECPs) may open leveraged forex positions.

Eligible Contract Participants

ECPs are generally individuals or organisations with assets of over $10m or $5m if trades are hedging.

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The email explained that clients who are ECPs are required to complete a questionnaire in order to continue trading leveraged forex.

Those who do not qualify as an ECP after ... (read more)

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