Which broker are you with and are you happy? | Forex Factory

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Which broker are you with and are you happy?

  • #1
  • First Post: Jun 9, 2008 11:33pm Jun 9, 2008 11:33pm
I'm with interbankfx, and I'm getting sick and tired of slippage, poor execution, and generally being taken to the cleaners. Anybody have a better broker I can trade through? Which brokers trade directly with the exchanges? Which brokers do not take the opposite position you take?

Please, I'm desperate here. I want to trade full time, but I can't find a broker who I can rely on, who has MY interests at heart.
  • #2
  • Jun 9, 2008 11:39pm Jun 9, 2008 11:39pm
Been live with Oanda since April and despite their neurotic moments, I'm satisfied with them overall.

Since this is your first post, I'm curious to know how long you've been live with Interbankfx. That and welcome to FF.
Not all sins are created equal
  • #3
  • Jun 9, 2008 11:42pm Jun 9, 2008 11:42pm
you have to remember that there is no exchange for spot fx. Banks pretty much make markets. that being said you probably want to find a way to move away from the dealing desk model and closer to the banks. if you like MT4 i would try Tradeview Forex they use an STP with MT4. otherwise you might want to look into one of the larger ECN brokers.

I use tradeview and have been very happy. i have been scalping for 5-10 pips a clip and i use a deviation of 1-2 pips to minimize slippage. if i dont use the deviation i dont get slipped but sometimes its harder to get fills because they use micro pips in their pricing.

If you are having trouble with IBFX i would def give tradeview a try.
  • #4
  • Jun 9, 2008 11:53pm Jun 9, 2008 11:53pm
Quoting Jay Walker
Been live with Oanda since April and despite their neurotic moments, I'm satisfied with them overall.

Since this is your first post, I'm curious to know how long you've been live with Interbankfx. That and welcome to FF.
I've been trading with them for four months. I've been trading index futures for about one year, and stock futures for about two. Started recently with forex, and I made a killing on demo, with great execution. But when I switched live, all of a sudden I get slippage, disconnection when my other platform for index futures is running perfectly, and I'm sure they're stop hunting, which I obviously can't prove.

Do any of you trade full time for a living?
  • #5
  • Jun 10, 2008 12:33am Jun 10, 2008 12:33am
Quoting Voldemort
you have to remember that there is no exchange for spot fx. Banks pretty much make markets. that being said you probably want to find a way to move away from the dealing desk model and closer to the banks. if you like MT4 i would try Tradeview Forex they use an STP with MT4. otherwise you might want to look into one of the larger ECN brokers.

I use tradeview and have been very happy. i have been scalping for 5-10 pips a clip and i use a deviation of 1-2 pips to minimize slippage. if i dont use the deviation i dont get slipped but sometimes its harder to get fills because they use micro pips in their pricing.

If you are having trouble with IBFX i would def give tradeview a try.
Good Morning,

Choosing a broker is important work. I'm with Oanda and I'm very happy. FXCM also has a huge capital base. I know someone who went live with Tradeview and they requoted him at least 6 times on an exit and wouldn't let him out until 1/2 the profit was gone.
No Dealing Desk is the way to go. ECN if you're up for it.
  • #6
  • Jun 10, 2008 12:37am Jun 10, 2008 12:37am
The following firms do not currently meet the upcoming capital requirement increase to $10 million which will take effect 120 days from today:

Advanced Markets $5,100,000
Bacera $5,500,000
Money Garden $6,600,000
Easy Forex $7,200,000
MB Trading $7,700,000
Hotspot $7,700,000
Forex Club $7,900,000
Friedberg Mercantile $8,000,000
CMC $8,300,000
Alpari $8,800,000
Ikon $8,800,000
Here are the latest adjusted net capital figures for U.S. based forex brokers:


Above $20 Million
Oanda $163,000,000
FXCM $87,000,000
GFT Forex $76,000,000
Gain Capital $73,000,000
Interbank FX $28,000,000
I Trade FX $27,000,000

Below $20 Million
PFG $19,000,000
FX Solutions $17,000,000
ODL $14,700,000
CMS $13,900,000
GFS Forex $11,000,000
IFX $10,600,000
Ikon $8,800,000
Alpari $8,800,000
CMC $8,300,000
Friedberg Mercantile $8,000,000
Forex Club $7,900,000
Hotspot $7,700,000
MB Trading $7,700,000
Easy Forex $7,200,000
Money Garden $6,600,000
Bacera $5,500,000
Advanced Markets $5,100,000
  • #7
  • Jun 10, 2008 12:57am Jun 10, 2008 12:57am
Quoting Voldemort
you have to remember that there is no exchange for spot fx. Banks pretty much make markets. that being said you probably want to find a way to move away from the dealing desk model and closer to the banks. if you like MT4 i would try Tradeview Forex they use an STP with MT4. otherwise you might want to look into one of the larger ECN brokers.

Voldemort, does Tradeview have a dealing desk model? Which other brokers are ECN? Judging by the capital requirements, it looks like Oanda is the "safest" option. Are they an ECN?

Thanks for the guidance.
  • #8
  • Jun 10, 2008 1:24am Jun 10, 2008 1:24am
Quoting dimitrius
Judging by the capital requirements, it looks like Oanda is the "safest" option. Are they an ECN?
Oanda is a no dealing desk, electronic execution market maker. It's not an ECN, but there is no dealer to mess with your trades either.
  • #9
  • Jun 10, 2008 1:44am Jun 10, 2008 1:44am
A little more info about me, so that you know where I'm coming from.

I'm a newbie to forex, and I've been learning quickly, but every day I learn something new, I realise how much I don't know.

I traded stocks and warrants for many years, and then graduated to stock futures and index futures some time ago.

I started using my technical analysis system on forex a few months ago, and I found that it works fairly ok with good money management. The money management is the most important part.

Started out with a couple of demo accounts, fxcm and interbankfx being two of them. I decided to go live with interbankfx, and I've had problems ever since.

I'd like to trade forex full time, but I don't know if I can with such unreliable service and questionable brokers. Anyone here trade full time?
  • #10
  • Jun 10, 2008 3:05am Jun 10, 2008 3:05am
Quoting dimitrius
I'm with interbankfx, and I'm getting sick and tired of slippage, poor execution, and generally being taken to the cleaners. Anybody have a better broker I can trade through? Which brokers trade directly with the exchanges? Which brokers do not take the opposite position you take?

Please, I'm desperate here. I want to trade full time, but I can't find a broker who I can rely on, who has MY interests at heart.
For more detail, pls email to me at [email protected]
  • #11
  • Jun 10, 2008 3:46am Jun 10, 2008 3:46am
Quoting price
The following firms do not currently meet the upcoming capital requirement increase to $10 million which will take effect 120 days from today:

Advanced Markets $5,100,000
Bacera $5,500,000
Money Garden $6,600,000
Easy Forex $7,200,000
MB Trading $7,700,000
Hotspot $7,700,000
Forex Club $7,900,000
Friedberg Mercantile $8,000,000
CMC $8,300,000
Alpari $8,800,000
Ikon $8,800,000
Here are the latest adjusted net capital figures for U.S. based forex brokers:


Above $20 Million
Oanda $163,000,000
FXCM $87,000,000
GFT Forex $76,000,000
Gain Capital $73,000,000
Interbank FX $28,000,000
I Trade FX $27,000,000

Below $20 Million
PFG $19,000,000
FX Solutions $17,000,000
ODL $14,700,000
CMS $13,900,000
GFS Forex $11,000,000
IFX $10,600,000
Ikon $8,800,000
Alpari $8,800,000
CMC $8,300,000
Friedberg Mercantile $8,000,000
Forex Club $7,900,000
Hotspot $7,700,000
MB Trading $7,700,000
Easy Forex $7,200,000
Money Garden $6,600,000
Bacera $5,500,000
Advanced Markets $5,100,000
Good Info.
Thank's
  • #12
  • Jun 11, 2008 7:27am Jun 11, 2008 7:27am
Quoting dimitrius
I'm with interbankfx, and I'm getting sick and tired of slippage, poor execution, and generally being taken to the cleaners. Anybody have a better broker I can trade through? Which brokers trade directly with the exchanges? Which brokers do not take the opposite position you take?

Please, I'm desperate here. I want to trade full time, but I can't find a broker who I can rely on, who has MY interests at heart.
I trade full time.
I had acconts with InterbankFx and Oanda.I lost my time with them (slippage,connections problems).
They sucks.Really THEY SUCKS!!!
I tell you that after I have an account with HotspotFX.It's like I changed from Borat's car to a Ferrari.
So my answer is :find a good ECN.
  • #13
  • Jun 11, 2008 7:47am Jun 11, 2008 7:47am
Quoting Umairs2004
Good Info.
Thank's
Tomorrow a big asteroid will heat Earth.This will be the end of human race.Close your accout and with that money live,have funn in your last hours .See you in the other side
  • #14
  • Last Post: Edited 8:08am Jun 11, 2008 7:50am | Edited 8:08am
Quoting price
Oanda is a no dealing desk, electronic execution market maker. It's not an ECN, but there is no dealer to mess with your trades either.
" but there is no dealer to mess with your trades either"
How do you know that?It's on the web site?Oh right...
On mine it's write that after each trade I make love with a diffrent MISS.
I'm a scalper...
come on girls,just a second .I have to finish to write this messa
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