Forex, or Foreign
Exchange Trading, is the simultaneous exchange of one country’s currency
for that of another. InterBank Group provides foreign currency (Forex) trading
for the purpose of investor speculation. The investor wishes to purchase
or sell one currency for another with the hope of making a profit
when the value of the currencies changes in favor of the investor,
whether from market news or events that takes place in the world.
The Forex market has more daily volume, both buyers and sellers, than
any other in the market in the world and trades approximately $2 Trillion
a day. Taking place in the major financial institutions (mainly Banks)
across the globe, the forex market is open 24-hours a day, 6 days
a week.
*Interbank Group is compensated by a volume rebate from the bid/ask spread paid by the clearing firm. |