Interactive Brokers Folds Retail Forex in US

Moderator: moderators
rank: 10000+ posts
rank: 10000+ posts
Posts: 10531
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

Interactive Brokers Folds Retail Forex in US

Postby » 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.

Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!

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)

Please add to your ad blocker white list.
Thank you for your support.

Return to “news”