Utah Business magazine honors online foreign currency broker for advanced technological contributions
Salt Lake City, February 9, 2009 — Off-exchange retail foreign currency (forex) broker Interbank FX (IBFX) announced today that it was named winner of the 2009 Utah Business iQ Awards in the Online category. The award, sponsored by Utah Business and Wasatch Digital iQ magazines, honors companies that are on the leading edge of their industry and that break boundaries by creating products that change the way the world lives, thinks and works.
"IBFX is a global online company, so technological innovation has been our focus from the very beginning," said Todd Crosland, President and CEO of IBFX. "We wouldn't exist if not for our unique technology and we are thrilled to be recognized by such prestigious publications for it."
In addition to its award winning trading platform, IBFX is most notably known for IBFX University (IBFXU), a groundbreaking online program that combines advanced Forex trading knowledge and tactics with analysis tools. The program is the first of its kind in the industry and includes over 70 online educational courses accompanied by downloadable streaming audio, visual aids, flash collateral and a collapsible glossary of key terms and concepts. IBFXU is available to both clients and the general public at no charge and is readily accessible at www.ibfxu.com.
"One of the company's primary goals has always been to provide traders of all abilities with the opportunity to learn and trade in the Forex market," said Crosland. "IBFXU helps the company to meet that objective by offering Forex traders around the globe both cutting-edge trading tools and a thorough education—all at the simple click of a mouse."
"The iQ Awards program recognizes companies that have demonstrated progressive thinking, hard work and innovation, and IBFX has exemplified those traits," said Sarah Ryther-Francom, Managing Editor of Utah Business magazine. "The company's innovative online technology is making great strides in global training in today's Forex community and Utah Business was pleased to honor IBFX for this innovative technology."
This award further validates IBFX's position as a leading member of Utah's business landscape. With clients in over 150 countries and a new, record breaking high of over US$80 billion in trading volume in a single month, IBFX has grown from its humble beginnings as a small Utah company in 2001 into a thriving international enterprise, rivaling companies in such financial centers as New York, London, Sydney and Tokyo.
2008 marked the fifth consecutive year of more than 100 percent revenue growth for IBFX. Despite such growth and a global presence, IBFX remains a locally owned company and continues to employ, almost exclusively, local talent.
About Interbank FX
Headquartered in Salt Lake City, UT, Interbank FX, LLC (IBFX) is a leading 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 as an industry leader with its 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 30,000 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.