A little while back when it became clear that IBFX had ties to FXLQ and was actually using them to clear their trades instead of passing customer orders straight through to banks as they claimed, IBFX's Chairman and president Todd Crossland claimed not to be involved with FXLQ.
Forex Street Weblog: InterbankFX related to FXLQ?.... I do not think so However it is obvious that this is in fact a flat out lie and that IBFX is thoroughly dishonest from the top down. Look at page number 7 of the report under the institutional clients section and this becomes obvious.
http://www.robbevans.com/pdf/forexlqreport01.pdf This explains why they can claim they have no desk, there clients were using FXLQ's desk instead! No wonder when the financial data was finally released for December by the NFA it shows that "Interbank" FX's net capital has been reduced by the $11,000,000 that they say was owed to it by FXLQ.
Financial Data for FCMs Apparently they are even lying about the amount owed to them. Think "Interbank" FX is honest and financially stable? Think again.
Scott Kuehne, President
Forex Traders Incorporated
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