Technology Allows Investment Firms to Quickly Add Services to Portfolio; Increase Revenue Stream
Salt Lake City, August 12, 2009 — Interbank FX, a globally trusted provider of online off exchange foreign currency (Forex/FX) trading technology and services, today launched a private label version of its award-winning, proprietary MT4 online Forex trading platform in Korea.
Using a transparent business model, Interbank FX's MetaTrader 4 is immediately available to brokers, dealers, security firms, banks, and other financial portals that become Interbank FX partners. The customizable and scalable technology platform is compliant in Korea. Partners can customize and brand the platform to add Forex trading to their portfolio of financial services and bring incremental revenue to their businesses.
"As the #1 rated online Forex trading technology provider, we are very pleased to offer our private label program to the Korean marketplace," said Todd Crosland, Interbank FX chief executive officer. "The platform provides our partners with competitive pricing and high global liquidity resulting from our partnership with multiple world money center banks."
MetaTrader 4 is a complete online trading solution offering brokers and dealers:
- The ability to brand their own powerful Forex trading platform.
- Active trading for their customers in as little as 60 days.
- A tried and tested platform with proven proprietary back-office technology and support—proven with over US$1 trillion traded.
"The private label version of MetaTrader 4 provides an efficient way for financial firms to add Forex trading services quickly and ethically," said Peg Reed, Interbank FX managing director of global partnerships. "The platform provides the technology, support, and tools needed to educate and begin trading Forex."
Financial firms can implement Interbank FX's private label program with no startup costs. There are also no management or licensing fees. In order to provide the greatest level of support and education to their customers and clients, partners have access to Interbank FX's online university, IBFXU. The online university can be individually branded, providing Forex trading information allowing financial firms customers to learn and conduct practice trades. This increases trading experience and knowledge before actually committing funds in real trades.
Additionally, Interbank FX provides the following trading tools for its partners:
- Daily pivots, pattern recognition software, candlestick pattern recognition and waves.
- Integration, service operation center, and product development systems.
- One-on-one consulting to help facilitate implementation
All investment vehicles, including Forex trading, carry risk. However, Forex trading is rapidly growing around the world and is relatively untapped. An Interbank FX private label partnership brings incremental revenue to financial firms with a complete branded solution and an award-winning Forex platform.
About Interbank FX
Headquartered in Salt Lake City, UT, USA, Interbank FX, LLC (IBFX) is a provider of online Forex trading services, offering individual traders, money managers and institutional customers proprietary technology, tools and education to trade spot foreign currency online.
Unlike other off-exchange retail foreign currency brokers, IBFX has distinguished itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care. This has led to longer term relationships and to numerous awards and industry accolades, including Best Online FX Provider, Best Foreign Exchange Broker, Best Chairman, Ernst and Young Entrepreneur of the Year, and Inc 500.
IBFX serves more than 35,000 clients from more than 140 countries around the world and has supported a trading volume in excess of US$80 billion in a single month. The company is regulated as a member of the National Futures Association and is also registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. With all major news releases, there is the possibility of significant price volatility. IBFX is not liable for any loss or damage, including without limitation any loss of profit, which may arise from the use of Dow Jones FX Select or reliance on such information.