Online currency broker OANDA announced on Wednesday that the company has acquired all of the foreign exchange trading accounts of IBFX, Inc, also known as TradeStation Forex. IBFX is a unit of TradeStation Group, Inc. The announcement comes as IBFX exits the forex dealer business, with the transfer scheduled to take place on March 4. The financial terms of the deal were not disclosed.
"Our shared values on these crucial matters were a key reason for striking this deal, rather than any others we've recently considered," said OANDA President and CEO Ed Eger. "These new clients join a rapidly growing OANDA community at a time when market volatility is high." Eger added that the company would offer free introductory access to some of its advanced services for certain traders.
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