Hi, Fello Trader,
I reaceived e-mail from IBFX about FIFO rule. I don't know only IBFX or other brokers also. Before, Traders can't do headge, now FIFO...
Good luck with future trade.
To our valued clients,
As you may know, the National Futures Association (NFA), has implemented new
First-in, First-out (FIFO) requirements that will be in effect as of
July 31, 2009. We at Interbank FX have been working hard on a solution
and are confident that our traders will be able to use our MetaTrader 4
platform with little or no interruption. They will also continue to be
able to use their MT4 expert advisors.
The NFA is striving to
ensure the highest levels of integrity from all market participants and
their intermediaries. We want to assure you that Interbank FX strives
to be 100% compliant with the NFA.
We are currently working on
some informational and instructional videos regarding the FIFO
requirements and our solution, however most of you will be able to
continue trading without any impact to your platform or strategies. In
our effort to provide the best solution for your trading, you will be
fully advised prior to any proposed changes.
We thank you for your continued support and wish you the best of luck with your trading.
Best regards,
IBFX
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