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Report: Gain Capital To Buy IBFX

There is a report about a significant and interesting deal in the US: Gain Capital, who is behind the lucrative domain name forex.com is set to acquire Interbank FX (IBFX).  

Gain Capital went public and has the resources to act. Another public US forex broker, FXCM has been active in acquiring other firms.

There are no official details yet, but the report comes from a credible source  Michael Greenberg at Forex Magnates.

Greenberg mentions that IBFX has been looking for a buyer for quite some time. The details will be very interesting to see. I wonder if more consolidation will be seen within US forex brokers.

Gain Capital is based in Bedminster,  New Jersey. Interbank FX is based in Salt Lake City, Utah.



Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.