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IBFX and scalping

  • #1
  • First Post: Dec 16, 2007 11:47am Dec 16, 2007 11:47am
Whats their view on this style of trading?

allowed or not?


thanks.
***Building an EMPIRE one pip at a time***
  • #2
  • Dec 16, 2007 9:08pm Dec 16, 2007 9:08pm
Quoting Gyva
Whats their view on this style of trading?

allowed or not?


thanks.
not allowed, don't even try it.
If I Go Broke Trying Then I Will die happy.
  • #3
  • Dec 17, 2007 5:07am Dec 17, 2007 5:07am
I've personally done a lot of scalping at IBFX, but
I also had a lot of larger, longer term trades, so they may have
tolerated my scalping.

I haven't used them for about 6 months now because I have
moved my accounts elsewhere.

Coder
  • #4
  • Dec 17, 2007 5:38am Dec 17, 2007 5:38am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
is this true?
Client Services 60: In accordance with our no dealer intervention business model it is not the policy of Interbank FX to police the trading style and activities of our clients. However, as a general rule we recommend that clients remain in trades for a duration of at least 90 seconds.
  • #5
  • Dec 17, 2007 6:17am Dec 17, 2007 6:17am
Quoting Coder
I haven't used them for about 6 months now because I have moved my accounts elsewhere.Coder
And so have a lot of us who previously used to trade with IBFX.

Scalping never used to be an issue with them though as long as you did not trade big lots scalping all day long.
  • #6
  • Dec 18, 2007 7:09am Dec 18, 2007 7:09am
Quoting Gyva
Whats their view on this style of trading?

allowed or not?


thanks.
They reduce my leverage to 1:20.
But they don't know when is scalping(time of open position,pips SL or TP...)
If your scalping is winning ...not good.
  • #7
  • Dec 18, 2007 7:24am Dec 18, 2007 7:24am
Quoting mld
is this true?
Client Services 60: In accordance with our no dealer intervention business model it is not the policy of Interbank FX to police the trading style and activities of our clients. However, as a general rule we recommend that clients remain in trades for a duration of at least 90 seconds.


I think they just gave away the secret that they are in fact a dealer and are taking the other side. If not, they would have 0% interest in the length of any trades you make.
  • #8
  • Dec 18, 2007 7:59am Dec 18, 2007 7:59am
Ayway, if you are looking to scalp, two points to consider are small spread and fast execution, IBFX doesn't have any of both.

Oanda is ok for scalping; in threads of scalp also ECN's are recomended, but I haven't tried them.
Ado Whether you believe you can do a thing or not, you are right.
  • #9
  • Last Post: Dec 18, 2007 6:33pm Dec 18, 2007 6:33pm
ya I would use Oanda but we dont get along anymore, ha ha... long story NM... but ya looking for another broker to go live with that doesnt care about scalping and gives you your money quicky when you want it back in your bank account, and also uses the meta 4 software. thanks for your comments.
***Building an EMPIRE one pip at a time***
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