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Bad brokers

  • #1
  • First Post: Dec 17, 2008 11:28am Dec 17, 2008 11:28am
I know I will get flack for this, but I have to say it, as everyone should already know. I have been affiliated with most brokers at some point in the last 2 years.
For sure, beyond a shadow of a doubt, INTERBANK FX is the work broker in the industy. So please steer clear of this broker.
  • #2
  • Dec 17, 2008 11:40am Dec 17, 2008 11:40am
Quoting alsup1955
I know I will get flack for this, but I have to say it, as everyone should already know. I have been affiliated with most brokers at some point in the last 2 years.
For sure, beyond a shadow of a doubt, INTERBANK FX is the work broker in the industy. So please steer clear of this broker.
I didn't understand what you meant here: "INTERBANK FX is the work broker in the industy".i If you meant the Worst broker, tell us why you say that. Just create a thread to say what you said isn't enough, and please don't write with big letters and in bold.

If i missunderstand i'm sorry, english is not my native language.
No Brain, no Gain.
  • #3
  • Dec 17, 2008 11:45am Dec 17, 2008 11:45am
Quoting BGazzoni
I didn't understand what you meant here: "INTERBANK FX is the work broker in the industy".i If you meant the Worst broker, tell us why you say that. Just create a thread to say what you said isn't enough, and please don't write with big letters and in bold.

Yes, I meant worst..Fat fingers.
Spreads, requotes, stalled orders, you name it. They will play every game in the book to rip you off.
This will be taken out because we are not allowed to blast their sponsors.
  • #4
  • Dec 17, 2008 11:48am Dec 17, 2008 11:48am
After dealing with at least 6 brokers in the last 3 years I have come to the conclusion they are all out to get you. It is up to you to realize this and learn how they plan on stealing your money. You must devise a method to not only stop them, but to outsmart them and profit from their greed.

Realize you are not important to any of these brokers if you are trading less than 50k - so stop worrying about the broker and worry more about your trading style with the said broker. Once you figure out broker x is not good for scalping, dont try to scalp with broker x - scalp with broker y who is not good for news trading. etc, etc.

Just my 2¢
  • #5
  • Dec 17, 2008 11:50am Dec 17, 2008 11:50am
Quoting alsup1955
Yes, I meant worst..Fat fingers.
Spreads, requotes, stalled orders, you name it. They will play every game in the book to rip you off.
This will be taken out because we are not allowed to blast their sponsors.
Spread and requotes every "bucket" broker have too, like oanda, Fx Pro, MIG etc... I just had a really bad time with ibfx a week or two ago, when i tried to send an order during 30 minutes and it didn't not accept, don't know why, but in 3 years i don't have much to complain, since other brokers have the same issue too
No Brain, no Gain.
  • #6
  • Dec 17, 2008 11:54am Dec 17, 2008 11:54am
Quoting BGazzoni
Spread and requotes every "bucket" broker have too, like oanda, Fx Pro, MIG etc... I just had a really bad time with ibfx a week or two ago, when i tried to send an order during 30 minutes and it didn't not accept, don't know why, but in 3 years i don't have much to complain, since other brokers have the same issue too

I've had my share problems with other brokers but was able to manage and deal with it, but IBfx is so blatant I can,t believe any sane trader would be involved with them....
  • #7
  • Dec 17, 2008 12:03pm Dec 17, 2008 12:03pm
Quoting alsup1955
I've had my share problems with other brokers but was able to manage and deal with it, but IBfx is so blatant I can,t believe any sane trader would be involved with them....
Maybe it's my trading style that doesen't conflit with they interest, but in the beggining i traded scalping, this days i'm trading with much larger SL and TP, and since i don't work in low liquidity times i don't get too many requotes and i pay the right spread 2 on euro. Maybe i'm not sane, but i'll keep trading with them untill oanda come back with they regular spread.

And you still didn't say what so bad happen to you trading with them, as i said, requotes and higher spreads every broker have, if you have the time to open a thread to complain you could at least give some examples.
No Brain, no Gain.
  • #8
  • Dec 17, 2008 10:32pm Dec 17, 2008 10:32pm
Dear guys

broker problem is really commons problems,
but generally people complaints about spread, or may be stoploss hunting.

but my case, I already make profits but they still could cancel the closed profits.

http://www.forum.metatrader.com.au/v...ic.php?f=3&t=5

I am also post in meta trader platform,
beware before you choose a brokers guys, some of them really sucks


if anyone have same problems with these my email [email protected]
  • #9
  • Dec 18, 2008 12:21am Dec 18, 2008 12:21am
Definitely most of the traders face this problem in the initial phrase of their tradings. This is mainly due to the inexperience and immaturity of the traders. One should select brokers only after thorough investigation and experiences of others.

I would suggest all newbies to search the best according to their trading strategies, capital....
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  • #10
  • Dec 22, 2008 10:00pm Dec 22, 2008 10:00pm
Does anybody here agree with me at saying that Crown Forex is a bad broker? I though they’re problems weren’t so bad but apparently they are and they have even lost control of their books.
  • #11
  • Dec 23, 2008 1:18am Dec 23, 2008 1:18am
Quoting enochben
Realize you are not important to any of these brokers if you are trading less than 50k -
so stop worrying about the broker and worry more about your trading style with the said broker.
Once you figure out broker x is not good for scalping, dont try to scalp with broker x -
scalp with broker y who is not good for news trading. etc, etc.

Just my 2¢
You nailed it. You're playing cards with street hoods.

Doesn't mean you can't win sometimes. Just remember who they really are.
Also, it helps if you are a little bit a thug too, in a manner of speaking.

So that way the only real disadvantage is if something heavy goes down
because you've only brought a knife to a gunfight, so try to keep the peace.
If cooler heads prevail, you can still make money and enjoy yourself
and everybody goes home happy and in one piece.
  • #12
  • Dec 29, 2008 2:37am Dec 29, 2008 2:37am
Hi,

A good broker can then be define as a broker who provides the basic services and keep the spreads low and fixed. The issue about floating spreads is that there are times when the spreads can go to atrocious levels and that means if you place your stop loss too low, there is a high possibility that you get kicked out of a trade through no fault of yours or because of any market movements. The good thing about having fixed spreads is that you can work the spreads into your trading plan. That gives you control of how you want to direct the trade. The reason why having a good broker is essential to your profits is that; you want to have reliability and stability when you trade.
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  • #13
  • Dec 15, 2017 4:01am Dec 15, 2017 4:01am
Beware FXpro
Overnight floating spread EUR JPY 30?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.JPG Size: 169 KB


Answer
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Click to Enlarge Name: EJ2.JPG Size: 120 KB
  • #14
  • Last Post: May 18, 2019 1:54pm May 18, 2019 1:54pm
Quoting BGazzoni
{quote} I didn't understand what you meant here: "INTERBANK FX is the work broker in the industy".i If you meant the Worst broker, tell us why you say that. Just create a thread to say what you said isn't enough, and please don't write with big letters and in bold. If i missunderstand i'm sorry, english is not my native language.
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