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Anyone have IBFX

  • #1
  • First Post: Jul 5, 2007 1:23pm Jul 5, 2007 1:23pm
Can you tell me how it work? How do you like them? Can they fill you in when you trade on the news? how many percent you trade on the news? it fast service? how you experience with them? Please rate here and leave some recommand here!
  • #2
  • Jul 5, 2007 1:28pm Jul 5, 2007 1:28pm
I'm with IBFX and don't have any major complains.
But, I don't trade the news. I don't think they're the best broker to use for news trading though. The spreads widen and many times people have not been able to enter trades close to the news release because the system is disabled for a minute or two.

Maybe some people with more news trading experience with IBFX can give specific feedback.

Tom
  • #3
  • Jul 5, 2007 2:11pm Jul 5, 2007 2:11pm
Quoting moneybags
I'm with IBFX and don't have any major complains.
But, I don't trade the news. I don't think they're the best broker to use for news trading though. The spreads widen and many times people have not been able to enter trades close to the news release because the system is disabled for a minute or two.

Maybe some people with more news trading experience with IBFX can give specific feedback.

Tom
Second that plus:

- good news: they have trailing stop
- bad news: it is client-based, meaning your system has to be online for the trailing stop to work.
  • #4
  • Jul 6, 2007 4:50am Jul 6, 2007 4:50am
all the above plus:

Yesterday the spread on Cable was 24 pips!!! at the BOE interet release , still made some pips but 24 pips is a lot!
  • #5
  • Jul 6, 2007 6:26am Jul 6, 2007 6:26am
Quoting zoheir
all the above plus:

Yesterday the spread on Cable was 24 pips!!! at the BOE interet release , still made some pips but 24 pips is a lot!
And the "funniest" is that they enlarge the spread by droping the bid and increasing the ask prices. So the "actual" quote is missing in the between.

If you set pending orders like 15 pips off the actual price (for a news breakout, for instance) it is very likely that your order is going to be triggered right before the release. This can turn out to be a bad, bad day for any trader.
  • #6
  • Jul 7, 2007 3:25am Jul 7, 2007 3:25am
Quoting cesarnc
And the "funniest" is that they enlarge the spread by droping the bid and increasing the ask prices. So the "actual" quote is missing in the between.

If you set pending orders like 15 pips off the actual price (for a news breakout, for instance) it is very likely that your order is going to be triggered right before the release. This can turn out to be a bad, bad day for any trader.

I actually opened a new account on EFX just to trade cable!! 4 pips spreads on IBFX kills my BE sometimes
  • #7
  • Jul 7, 2007 4:39am Jul 7, 2007 4:39am
No complaints, but I don't trade the news.
Support is mixed, sometimes great, sometimes indifferent.
The breaking of a wave cannot explain the whole sea.
  • #8
  • Jul 7, 2007 6:58am Jul 7, 2007 6:58am
Quoting zoheir
I actually opened a new account on EFX just to trade cable!! 4 pips spreads on IBFX kills my BE sometimes
if you get in with 2 pip spread with efx and pay 2 pip comm its about the same, but you can't go wrong with an ecn they or the best.
If I Go Broke Trying Then I Will die happy.
  • #9
  • Last Post: Jul 7, 2007 8:50am Jul 7, 2007 8:50am
Interbankfx is ok, sometimes I trade the news, and when the spread widen, I'm not afraid because I close the order only after the "storm"..
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