I Trade FX on the Move
I Trade FX has officially come out in favor of the new proposed capital requirement with an impressive statement below. It is a statement no other firm has made to date. There was no equivocation or spin in their support for the rule. As such I will be removing them from the dead pool and request that the moderators delete them from the list. You have my congratulations I Trade.
I Trade FX Press Release
I-Trade FX experiences growth in excess of 700% for 2007.
Orlando, FL- August 15th 2007 – I-Trade FX, LLC, one of the nation’s leading Forex Brokers and provider of currency trading services for large and small institutional and individual investors, announced today that I-Trade FX has seen exceptional growth in 2007, with current revenues in excess of 700% year-to-date from 2006.
Mr. Martinez, Co-Founder and President stated, “I-Trade FX was founded by a very talented and experienced management team with over 75 years of experience in the investment banking arena. It is our mission to deliver a higher standard of dealing practices and customer service to the industry.” Mr. Martinez continued, “I clearly believe that after salvaging relationships with approximately 3,000 clients acquired from CFGTrader, the industry has no choice but to realize we are a major competitor.”
I-Trade FX welcomes and is in full support of the NFA’s most recent proposal to raise the minimum capital requirement from $1 million to $5 million for Forex Brokers. “Undercapitalized firms dramatically increase risk for the investor. Raising the capital requirements will substantially reduce the risk to current and future clients that open accounts and will provide greater security for the client,” reported Mr. Martinez.
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