DislikedI too was screwed by IBFX's lazy programmers. I have closed my account and am using FXSolutions as they correctly support the hedging rule (allow opposing "pending" orders). I have heard that they will be supporting MT4 soon however I will miss IBFX spreads. Oh well.Ignored
Dear John,
Thanks for contacting IBFX. We've responded to several questions about the issue of opposing pending orders not being allowed in the platform. You are correct, while it is not hedging to have opposing pending orders, for now, it is not allowed in the platform. I'm not sure how this rule has been implemented with other brokers who use different trading platforms. Since the new rule has been announced< MetaQuotes (the company that makes MT4) has been working on reprogramming the MT4 platform to be compliant with the new Rule. We do expect a change with this issue in the near future. We'll just have to wait until we get an update from MetaQuotes.
Thanks for your patience and understanding.
Tommy Wilkinson
Client Services Representative