I'd like to give a warning to all traders that IBFX cheats and plays games during news.
Today IBFX disconnected from me as soon as NFP news hits. Nothing wrong with my connection can still surf the web and such. I was not in a trade and caught by it, but it pisses me off that they are regularly playing these games.
My connection to them can be up for literally days or weeks, but as soon as something like NFP (big red news) hits, magically theire connection to me is down.
I've documented this happening 5 times this year with video on my computer.
One time they caught me and I lost $500 or so dollars because of it, when I told them I had it on video and I would report them they credited back my loss, but only a, "one time thing." And magically my client only came back on after I contacted tech support through chat and complained.
There only response was that, "it's a tech issue and there having their IT guy look into and try and resolve the issue." (Just so happens to go down consistently at an exact time that would benefit IBFX vs the traders who they trade against)
So, if you currently trade with them beware of news time, they love to disconnect you before you can benefit from any sort of news spike. They'll let you in just before, then disconnect you.
If you dont currently trade with them consider putting them on the bucket shop list. I'm still positive with my trading overall, but am seriously considering telling them to go fuck off and find a broker who doesn't play games.
P.S. Can a mod please sticky this so it stays at the top. For a few reasons: 1. To protect traders and give them a heads up. 2. So, IBFX gets wind of this and the fact that traders are wise to their Bullshit. 3. Maybe the NFA will get wind of it and investigate them. Let them do something for once to actually protect traders instead of taking away their leverage!
P.P.S. Forex factory should take them off the preferred broker list as they are playing games, if FF keeps them on the list they are just aiding a bucketshop as it stands now.
*****************Beware the mods, they changed my title from "IBFX," to "Broker" (I guess you can see where there bread is buttered, they care more about getting kickbacks from IBFX for being a preferred broker rather than helping traders here.
WARNING IBFX cheats and plays games during big news!!!!!!!!!!
Today IBFX disconnected from me as soon as NFP news hits. Nothing wrong with my connection can still surf the web and such. I was not in a trade and caught by it, but it pisses me off that they are regularly playing these games.
My connection to them can be up for literally days or weeks, but as soon as something like NFP (big red news) hits, magically theire connection to me is down.
I've documented this happening 5 times this year with video on my computer.
One time they caught me and I lost $500 or so dollars because of it, when I told them I had it on video and I would report them they credited back my loss, but only a, "one time thing." And magically my client only came back on after I contacted tech support through chat and complained.
There only response was that, "it's a tech issue and there having their IT guy look into and try and resolve the issue." (Just so happens to go down consistently at an exact time that would benefit IBFX vs the traders who they trade against)
So, if you currently trade with them beware of news time, they love to disconnect you before you can benefit from any sort of news spike. They'll let you in just before, then disconnect you.
If you dont currently trade with them consider putting them on the bucket shop list. I'm still positive with my trading overall, but am seriously considering telling them to go fuck off and find a broker who doesn't play games.
P.S. Can a mod please sticky this so it stays at the top. For a few reasons: 1. To protect traders and give them a heads up. 2. So, IBFX gets wind of this and the fact that traders are wise to their Bullshit. 3. Maybe the NFA will get wind of it and investigate them. Let them do something for once to actually protect traders instead of taking away their leverage!
P.P.S. Forex factory should take them off the preferred broker list as they are playing games, if FF keeps them on the list they are just aiding a bucketshop as it stands now.
*****************Beware the mods, they changed my title from "IBFX," to "Broker" (I guess you can see where there bread is buttered, they care more about getting kickbacks from IBFX for being a preferred broker rather than helping traders here.
WARNING IBFX cheats and plays games during big news!!!!!!!!!!