InterbankFX is a US based forex broker. They have been in the market since 2001 and is currently registered and regulated by Futures Commission Merchant (FCM) and Commodity Futures Trading Commission (CFTC). Interbank FX offers Standard, Mini and Micro Account. You can start trading with InterbankFX with as low as 250 USD initial deposit.

The trading platform they use is Metatrader3 (Mt3) and Metatrader4 (Mt4). Using Mt4 give you several useful functions such as hedging and trailing stops. As far as I know, InterbankFX allow scalping. Off course you can also use any Expert Advisors on their metatrader platform.

Their default spreads on Eur/Usd is 2 pip, while on GBP/USD is 4 pip (what a large spreads for this pair). It is often reported that their spreads is going widen during major news release.

No Dealing Desk, I’ve never understood why most forex brokers often state something ridiculous like this. We know that InterbankFX is not ECN type broker. This mean they should have their Dealing Desk. I don’t know what other thought, but as I know only ECN broker use no Dealing Desk. Well, you might want to ask Jude about it. He is one of Interbank Fx admirer

If you are an account manager, they have interesting product named as PAMM (Percent and lot Allocation Money Manager) software. Using this software,you can maintain several account easily. Unfortunately, it is only usable with Mt3 and not with Mt4.

Below is their postal address:

Interbank FX

3165 Millrock Drive

STE 200
Salt Lake City, UT 84121-4732

Toll Free US: 866.468.3739
International: +1.801.930.6800
Fax: 212.884.0609

Any experience with interbankfx? Give your comment and let’s discuss. Your opinion is counted and I believe is valuable for other trader.