Ok, I had to make this last post to clarify some issues. Few things I am intending to say were planned to be posted earlier but thanks to those devoted IB customers who took it so personally and unfortunately took wrong argument strategy, prevented me from posting it earlier.
One point that could be said being true is that IB is not the ONLY one with those terms. I would not say all the financial institutions have the same terms but ALL retail FX brokers more or less do. Everyone should check it for themselves each individual broker's terms and conditions in question.
I must also say you wont find similar terms for institutional clients.
Although what I am going to say next will favor IB to some extent, I hope non of you will regard me to be the customer of IB.
This mainly concerns the cases of complaint that some of you have cited here. It is my opinion that IB is being honest by not changing their name and hiding their history. This purhaps may suggest that in future IB might end up having best terms too, compared to other brokers. Where as there are many brokers that have changed their name and disguised their history.
I hope there will be no replies from devoted customers as I will not be replying to them, due to lack of interest of taking this any further.
Ps I have opened this thread and hope to end it too