Thread: rebate or cashback on interbankfx

Anybody know somebody or some website offering rebates/cash back if trade through InterbankFX?

Due

Originally Posted by ;

anybody know someone or any site offering rebates/cash back if trade through InterbankFX?

Thanks

Anyone ? please?

Hi yohan_ip

This might be old info, it may not even be accurate, but I appear to recall STiFX offering some kind of rebate and so far as I know they are (were?) White label for IBFX.

If you're putting adequate quantity their manner it might be worth contacting them to see if it is possible to negotiate a bargain.



Edit: I removed the link to their site because Norton comes up with an AV alert.



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I dont believe IBFX provides some type of IB or affiliate commission program, therefore I doubt you will find any offers such as this.

In case you do, then please allow me to know.

Originally Posted by ;

I dont think IBFX provides any type of IB or affiliate commission program, therefore I doubt you will find any offers such as this.

If you do, please allow me to know.

I really don't believe that IBFX permits rebates to be awarded to customers.

GAIN and FXDD do on the MT4 platform -- some customers are getting up to some half pip from particular IB's

Well according to IBFX they've over 100 but they refuse to state who they are or provide a listing, they'd rather turn the business away.

Is IBFX the right MT4 marketmaker anyway, they appear to open an hour later on Sunday and close an hour before Friday. There has to be a reason behind this, all that I can think of is it somehow rewards them perhaps avoiding the gap risk although I am not sure how exactly.

It sounds spot forex is still a murky world, rather makes you think about futures don't it

Originally Posted by ;

Well according to IBFX they've over 100 but they refuse to say who they are or provide a list, they'd rather turn the company away.

Is IBFX the right MT4 marketmaker anyhow, they seem to start an hour later on Sunday and close an hour before Friday. There has to be a reason behind this, all I can think of is that it somehow benefits them by perhaps averting the gap risk although I am not sure how exactly.

It seems spot forex remains a cloudy world, rather makes you consider futures don't it

When a client comes to an FCM via an IB, the FCM subsequently must pay out the IB everytime that new client places a transaction.

Now, from and FCM standpoint, if this client is a trader which you would not have otherwise had trading on you, then it makes sense to take the trader and you'll always be in the net (esp. Contemplating that chances are the guy will blow his account).

But when a guy comes to you and says can I have a record of your IB's he is basically saying I will trade with you, but I will make you pay an IB because they are going to give me cash back

That is likely why IBFX will not offer you a list of their IB's.

So far as IBFX being a good firm, they definitely are, but they've nothing over FXDD or even Alpari IMO apart from a debit card feature

Stay Away From BostonForex.

Originally Posted by ;

Stay Away From .

Originally Posted by ;

When a customer comes to a FCM via an IB, the FCM subsequently has to pay out the IB everytime that new customer places a trade.

Today, from and FCM standpoint, if this customer is a trader that you would not have had trading on you, then it is sensible to select the trader and you'll always be at the internet (esp. Considering that chances are the man will blow out his account).

But when a man comes to you and says can I have a list of your IB's he's basically saying I will trade with you anyways, but I will force you to pay an IB since they are likely to give me money back

That's probably why IBFX won't offer you a list of their IB's.

So far as IBFX becoming a fantastic company, they certainly are, but they've nothing over FXDD or Alpari IMO besides a debit card attribute

which makes sense but....rather than lose the potential customer to another marketmaker who is IB's are easier to loe would not it be better to either supply the customer a rebate straight or provide a list of IB's? Certainly an immediate lien would be better for the MM as he would not need to pay as much as he assesses an IB.

It just seemed strange that rather than help me loe an IB they'd rather lose the business

Debit card deals are a must for me since I'm running an averaging EA which may need funds fast but I would rather not have substantial sums of money on deposit with any of these MT4 MM's. I had an account with Alpari UK because of the FSA protection but at the time they didn't offer you a Debit Card centre or some other speedy way to fund the account, perhaps it's changed I do not understand.

Incidentally, are you really connected with Boston Technologies?