Dear Valued Customer,
As you may have already seen in the recently issued press release, IBFX Holdings, LLC has been acquired by TradeStation Group, Inc., a recognized leader in online trading and winner of Barron's 2011 "Best Online Broker" award. TradeStation is part of Monex Group, a leading Japanese online brokerage firm. The strength and stability that they can provide and TradeStation's technological leadership will benefit all IBFX customers.
Our domestic forex company, Interbank FX, LLC, is expected to become within the next 30 days, a division of TradeStation Forex, Inc., a wholly owned subsidiary of TradeStation Group, Inc. You will receive a notice soon explaining this process. We believe this new structure benefits the customers of both IBFX and TradeStation.
You will naturally have some questions about how this announcement will affect you. We do not expect there will be any material changes to our products, services, management, spreads, fees, operations, systems or methods of doing business. In fact, we believe the acquisition will directly benefit every IBFX customer by combining our innovative approach to the FX industry with TradeStation's cutting-edge forex trading technology and support services. I will continue to serve you as head of the IBFX Division of TradeStation Forex, Inc.
In the FAQ below, I have attempted to address other questions you may have.
I would like to thank you for the trust and confidence you have shown in IBFX. My goal has been and continues to be providing you with the best possible forex trading resources and experience. I believe that this acquisition by TradeStation is the best way for IBFX to continue to fulfill that mission.
With best regards and deepest gratitude,
Todd B. Crosland
President
FAQs
Q: How will this transaction benefit me?
A: This acquisition will provide new technological and financial resources that we believe will enable IBFX to strengthen its commitment to our customers.
Q: How will this affect my IBFX accounts?
A: Your accounts and how you deal with IBFX will not change, though within the next 30 days TradeStation Forex, Inc. will become the counterparty to your forex trades. Your account numbers will remain the same.
Q: I know how to reach IBFX now with support or trading questions. Will that change?
A: This will not change. The IBFX teams that you currently rely on will continue to support you, and their phone numbers and email addresses will not change.
Q: Will my trading platform change?
A: No.
Q: Will there be any fee or pricing changes?
A: No.
Q: IBFX has a clear focus on providing technology and support for forex traders. Will this change?
A: IBFX's commitment to serious traders remains unchanged. We believe that operating as part of TradeStation Forex Inc. - a subsidiary within TradeStation dedicated exclusively to forex trading - will enhance our ability to provide you with cutting-edge technology and support for your forex trading.
Q: Will my accounts still be with IBFX or will they be with TradeStation?
A: Within the next 30 days IBFX will be operating within TradeStation Forex Inc. Your IBFX account numbers, statements, access to account information and support will not change.
Q:When can I expect to receive notification that my account will transfer to TradeStation Forex, Inc.?
A: We expect that the notice to transfer your account will be issued within the next 30 days. That notice will require no action by you.
Q: Do I need to take any action as a result of this transaction?
A: No.
