What’s Next for US Forex after Interactive Brokers Abandons Retail Market?
Posted: Sat Aug 13, 2016 11:19 am
One of the most meaningful data points on the American retail online forex trading market in the last few years came out on Friday afternoon – a typical day for releasing news that you do want people to notice. Interactive Brokers Group, Inc. (Nasdaq: IBKR), has notified its clients that starting September 1st 2016 only people with assets of over $10 million will be allowed to open leveraged forex positions with the firm.
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As of June 2016 Interactive Brokers controlled about 7% of the ... (read more)