InterbankFx spread changed???? | Forex Factory

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InterbankFx spread changed????

  • #1
  • First Post: Oct 29, 2006 1:19pm Oct 29, 2006 1:19pm
I note that The InterbankFx broker change there spread for Eur/Usd from 2pip to 11pip at news... can one explain
  • #2
  • Oct 29, 2006 2:24pm Oct 29, 2006 2:24pm
This is the reason why I am thinking about closing my account with them as soon as I find someone that will not spread too much during news hours
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  • #3
  • Oct 29, 2006 2:40pm Oct 29, 2006 2:40pm
All you can really do is swing trade with interbankfx. I tried a news trade once it it said the server was busy and wouldnt let me put any orders on. Not complaining I find swing trades are working out better for me any way.
  • #4
  • Oct 29, 2006 3:08pm Oct 29, 2006 3:08pm
they change the spread all the time. plus during news their server will be busy and you can't get a trade in at all. I have a live account there but i am looking at moving to oanda.
  • #5
  • Oct 29, 2006 3:36pm Oct 29, 2006 3:36pm
I'm pretty sure that every broker out there is going to widen their spreads during news releases, just to make it harder for you to make money on trading the news....Trade after the news release.
  • #6
  • Oct 29, 2006 9:01pm Oct 29, 2006 9:01pm
I know it sucks when they do that. That's why I can't trade news anymore.
But there are some good things about them which makes me to stay.
I have been with a worse, far far worse broker. Be realistic, there won't be a perfect broker who has fixed tight spread all the time with no errors or lag, requotes etc.
Just use few different brokers. When one goes down or changes spread or whatever, you can always use the other! Works great.
  • #7
  • Oct 30, 2006 12:27am Oct 30, 2006 12:27am
Yes they change it during news because they are direclty linked to the interbank market. They dont control their feed at all which is a good thing. I have traded professionally now for 7 years on 14 platforms and I am very happy with IBFX. Be very careful of platforms that dont widen their spread because it means that those platforms CONTROL their spread which means that the money they loose by not widening their spreads they will have to make back somewhere else.....like spiking prices to hunt stop losses. Thats my opinion anyway. Hope it helps.



Quoting khaled22
I note that The InterbankFx broker change there spread for Eur/Usd from 2pip to 11pip at news... can one explain
"Bulls and Bears make money, pigs get slaughtered!"
  • #8
  • Nov 27, 2009 5:22pm Nov 27, 2009 5:22pm
Quoting khaled22
I note that The InterbankFx broker change there spread for Eur/Usd from 2pip to 11pip at news... can one explain
Hehehe thatīs why I already moved out too late... hehehe

Bests,
  • #9
  • Last Post: Nov 27, 2009 6:09pm Nov 27, 2009 6:09pm
Spreads get widened not to spite you. But because the sell and buy price widens on the market.

If you think that it is to spite you, you are entering into a market you understand. STOP LIVE TRADING NOW.
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