Thursday, March 19, 2009
1=Introductory Guide to ForexDiscover the fundamentals you need to know before trading currencies.
2=Real-time Practice AccountPut your knowledge to work by trading in real market conditions, risk-free.
3=One-on-One TrainingLearn about forex and how to make the most of our trading platforms.
4=Foundation WebinarsView an online course on forex basics or trading plans.
National central banks play an important role in the foreign exchange markets. They try to control the money supply, inflation, and/or interest rates and often have official or unofficial target rates for their currencies. They can use their often substantial foreign exchange reserves to stabilize the market. Milton Friedman argued that the best stabilization strategy would be for central banks to buy when the exchange rate is too low, and to sell when the rate is too high—that is, to trade for a profit based on their more precise information. Nevertheless, the effectiveness of central bank "stabilizing speculation" is doubtful because central banks do not go bankrupt if they make large losses, like other traders would, and there is no convincing evidence that they do make a profit trading.
The mere expectation or rumor of central bank intervention might be enough to stabilize a currency, but aggressive intervention might be used several times each year in countries with a dirty float currency regime. Central banks do not always achieve their objectives. The combined resources of the market can easily overwhelm any central bank. Several scenarios of this nature were seen in the 1992–93 ERM collapse, and in more recent times in Southeast Asia.
New Users: Start Here
Who do you know that would like to start trading at IBFX? Many satisfied customers recommend IBFX to friends and other traders. Our Introducing Advisor (IA) program provides a way an individual or business can receive compensation just by introducing new clients to IBFX. We have many successful Introducing Advisors who have built up a steady income through the use of this program. As an Introducing Advisor you will receive tools to help monitor your success. You will be able to track the application progress of new clients as well as generate rebate and trading reports for current clients. We provide free website content and a customized welcome page link where your clients can open live and demo accounts. IBFX is excited to provide this program to individuals or businesses that have a strong desire to be successful and follow the high compliance standards of IBFX. Certain registration requirements may be needed. To start the application process please fill out the “Getting Started” section, or for further information call, email or contact us by live chat. We look forward to having the opportunity to work with you, or to discuss this program in further detail. Toll Free: 1.866.468.3739 Opt. 5 International: 801.930.6800 Opt. 5 If you have questions about our IA program, please contact us at firstname.lastname@example.org
You can add money to your trade account in these ways:Bank transferUSD transferBank: Hellenic Bank Ltd.Bank address: 140IBC 173 Athalassas Ave Strovolos, 2025 Nicosia, Cyprus Bank SWIFT code: HEBACY2N Beneficiary's name: IFC Markets Corp.Beneficiary's post address: 2nd Floor, 145-157 St John Street, London, EC1V 4PYIBAN: CY79005001400001400780735901 Account number: 1400780735901 Reference: Payment on contract Nr(Your trading account number)EURO transferBank: Hellenic Bank Ltd.Bank address: 140IBC 173 Athalassas Ave Strovolos, 2025 Nicosia, Cyprus Bank SWIFT code: HEBACY2N Beneficiary's name: IFC Markets Corp.Beneficiary's post address: 2nd Floor, 145-157 St John Street, London, EC1V 4PYIBAN: CY79005001400001400180735902Account number: 1400180735902 Reference: Payment on contract Nr(Your trading account number)USD transfer:Bank: Ceska Sporitelna, a.s.Bank address: OP Praha Centrum, Rytirska 29, Czech Republic BIC/SWIFT: GIBACZPXBeneficiary's name: IFC Markets Corp.Beneficiary's post address: 2nd Floor, 145-157 St John Street, London, EC1V 4PYAccount number: 1741040223IBAN: CZ1108000000001741040223Reference: Payment on contract Nr(Your trading account number)EURO transfer:Bank: Ceska Sporitelna, a.s.Bank address: OP Praha Centrum, Rytirska 29, Czech RepublicBIC/SWIFT: GIBACZPXBeneficiary's name: IFC Markets Corp.Beneficiary's post address: 2nd Floor, 145-157 St John Street, London, EC1V 4PYAccount number: 1741038203IBAN: CZ3708000000001741038203Reference: Payment on contract Nr(Your trading account number)We would recommend you to transfer small amounts via internet payment systems due to low charges.
1. Open the “Withdrawal Requests” window through the “View” point of main menu – click on “Withdrawals”, then right click on the space within this window and select “New request”. The next window will be opened:
2. Select account type where the withdrawal will be performed, for example Bank Account
3. In the “Payment props” window your bank props will be shown. Make sure this information is correct.
4. Enter the sum you want to withdraw. Notice that this sum cannot exceed the sum of “Free Margin”. Then press the “Ok” button.
5. If everything is correct, then your request for withdrawal will be sent to processing and shown as active in “Withdrawal Requests” window.
During this process the amount of withdrawal will be frozen on the account and discounted from balance.
In this case the initial balance was 50,000. It was reduced by a withdrawn sum of 10,000 so that the final balance became 40,000.6.
You can cancel your request if it was not yet performed. To do so, right click the request and then select “Cancel Request” in the context menu.
Dear clients! Pay attention! If you have already performed money transfers to your trade account from payment props that were not entered as your personal data during the account opening, or from your credit card, then you will ONLY be able to perform withdrawal to your bank account! Withdrawal to E-Gold, Web-Money purse, etc. will not be performed! Remember about it if you do not have a bank account or you have not entered it during the trade account opening, because in this case money withdrawal will be difficult and will be performed only after our specialists contact you personally via phone or email in order to register your bank account. If you are not going to use a bank account or do not have one, then please do not perform transfers from unregistered digital purses and accounts, or your credit card.
Minimal sum for withdrawal is $1.