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  • #41
  • Jan 23, 2009 3:55pm Jan 23, 2009 3:55pm
Quote
IBFX metatrader is rigged to display offquotes when the trade goes in your favour immediately after you place your order. However, when the trade goes against you immediately after you enter your order, the system gladly accepts your order.

Cheap a few pips here and there and the active trader who is trying to scalp is put in a serious advantage with IBFX.

No point attempting with the IBFX demo account because you won't receive such offquotes. Totally different story with the live account.

Beware!

Does anyone have real proof of this via crosschecking with a demo, or another brokers feed?

Here is a interesting read.

http://www.forexfactory.com/showthread.php?t=7484


Dale
  • #42
  • Jan 23, 2009 5:27pm Jan 23, 2009 5:27pm
This thread is cracking me up! “Horizontal?” People, really!

Anyway, with respect to many of your comments, one thing that you have to remember is that many people who work for IBFX trade as well. So, we are all interested in improving our execution…and that is what IBFX is doing.

Also, I have received several emails or PMs about specific problems with your accounts. I actually handle public relations for the company, so unfortunately I can’t help you with the actual specifics of your account. For that, you are going to have to get in touch with client services by calling in or sending an email to [font=Calibri][size=3][color=#0000ff][email protected][/color][/size][/font]. But I am definitely here to discuss your concerns and to make sure your comments are heard and passed along to the people that can make a difference. I’ll also keep you informed on some of the things that we are working on around here, too.
  • #43
  • Jan 23, 2009 5:40pm Jan 23, 2009 5:40pm
Quoting IBFX
This thread is cracking me up!
REALLY?? being in public relations, this thread should be cause for some concern.
It's me...
  • #44
  • Jan 23, 2009 5:43pm Jan 23, 2009 5:43pm
AgentFX...That's why we're here!
  • #45
  • Jan 23, 2009 5:49pm Jan 23, 2009 5:49pm
Quoting IBFX
AgentFX...That's why we're here!
OK... agreed nice to have you on board....and good luck.
It's me...
  • #46
  • Jan 23, 2009 6:02pm Jan 23, 2009 6:02pm
Quoting IBFX
This thread is cracking me up! “Horizontal?” People, really!

Anyway, with respect to many of your comments, one thing that you have to remember is that many people who work for IBFX trade as well. So, we are all interested in improving our execution…and that is what IBFX is doing.

[font=Calibri][size=3]Also, I have received several emails or PMs about specific problems with your accounts. I actually handle public relations for the company, so unfortunately I can’t help...

The level of professionalism you exhibit is fascinating. It looks like IBFX just picked someone off the streets and said "hey, you're our PR person!".
  • #47
  • Jan 24, 2009 8:56am Jan 24, 2009 8:56am
Quoting qweabc
The level of professionalism you exhibit is fascinating. It looks like IBFX just picked someone off the streets and said "hey, you're our PR person!".
It is true! You get what you pay for!Gretchen, you said that you are also a trader. Do you use IBFX? Do you use any other Brokers?Please let us know if you get a chance,thanks. By the way...what's a Widget?
FF = Forex Faggots
  • #48
  • Jan 24, 2009 1:11pm Jan 24, 2009 1:11pm
Quoting 8fingers
It is true! You get what you pay for!Gretchen, you said that you are also a trader. Do you use IBFX? Do you use any other Brokers?Please let us know if you get a chance,thanks. By the way...what's a Widget?
I was going to open an account with IBFX but this thread has frightened me off the idea.
Is there any reasonable spot forex dealer out there?
every Saint has a past. Every Sinner has a Future
  • #49
  • Jan 24, 2009 1:31pm Jan 24, 2009 1:31pm
I have been with ibfx a while and I can honestly say that the ONLY thing upsetting me since the past summer are the spreads and slippage. I had never had slippage with them until then. I have withdrawn money frequently and received it within 2-3 days so no concerns there.

They email you your daily trades which I really like.. makes it easier to keep up with. It stopped for some odd reason earlier last year and I spoke to a rep at ibfx about it and she told me I was wrong, that the emails are going out. I sent the conversation to a department head and received a nice response back stating they did have problems and apoligizing for the behavior of the lady. The daily emails started back a few days later and have kept coming since. Of course I know this is trivial, and maybe some other brokers do it too, but it is something I like receiving and probably helps keep me with them.

However, if the spreads and slippage don't stop during quiet times, I'm afraid I will have to get over this daily account email and move along myself.
  • #50
  • Jan 25, 2009 9:20am Jan 25, 2009 9:20am
Back to the basic. I got this from babypips.

What to look out for in broker.

  1. Low Spreads.
    In Forex trading the ‘spread’ is the difference between the buy and sell price of any given currency pair. Lower spreads save you money.
  2. Low minimum account openings.
    For those that are new to Forex trading and for those that don’t have millions of dollars in risk capital to trade, being able to open a micro trading account with only $250 (we recommend at least $1,000) is a great feature for new traders.
  3. Instant automatic execution of your orders.
    This is very important when choosing a Forex broker. Don’t settle with a firm that re-quotes you when you click on a price or a firm that allows for price ‘slippage’. This is very important when trading for small profits. You want what we call a WYSIWYG (pronounced wiz-ee-wig) broker! This means you want instant execution of your orders and the price you see and "click" is the price that you should get...WYSIWYG = What You See Is What You Get!
  4. Free charting and technical analysis
    Choose a broker that gives you access to the best charting and technical analysis available to active traders. Look for a broker that provides free professional charting services and allows traders to trade directly on the charts.
  5. Leverage
    Leverage can either make you super rich or super broke. Most likely, it will be the latter. As an inexperienced trader, you don't want too much leverage. A good rule of thumb is to not use more than 100:1 leverage for Standard (100k) accounts and 200:1 for Mini (10k) accounts.

IBFX used to provide for our basic needs...

  • #51
  • Edited 2:35am Jan 26, 2009 1:47am | Edited 2:35am
Here is a pic of a eur/nzd trade that went 50 pips below the TP and it did not TP. You know we work hard to get a winning trade and then they pull this crap. There is no excuse for this. You can see the entrance, the yellow dotted line and you can see my red dotted TP line. As price approached the TP line I watched the spread widen to 55 pips so it wouldnt TP. You can see the white thin line of the bid and the red ask line. Price is now 22 pips, which is still a healthy profit for IBFX. However I watched this trade's spread get wider and wider as it approached and passed the TP line. The programming is designed by IBFX not to TP.
Attached Image (click to enlarge)
Click to Enlarge Name: eur nzd.gif Size: 11 KB
  • #52
  • Jan 26, 2009 2:27am Jan 26, 2009 2:27am
Here is the continuation of the trade. I entered a second time rather than taking a stop loss on a winning trade. You can see the spread is at 21 pips as it approaches the TP line.
Attached Image (click to enlarge)
Click to Enlarge Name: eur nzd #1.gif Size: 17 KB
  • #53
  • Jan 26, 2009 2:29am Jan 26, 2009 2:29am
The spread now widens to 39 pips as price hits the TP line.
Attached Image (click to enlarge)
Click to Enlarge Name: eur nzd #2.gif Size: 17 KB
  • #54
  • Jan 26, 2009 2:30am Jan 26, 2009 2:30am
the spread goes to 20 pips as price moves away from the TP line
Attached Image (click to enlarge)
Click to Enlarge Name: eur nzd #3.gif Size: 17 KB
  • #55
  • Jan 26, 2009 2:31am Jan 26, 2009 2:31am
It widens to 42 pips as it passes the TP line.
Attached Image (click to enlarge)
Click to Enlarge Name: eur nzd #4.gif Size: 17 KB
  • #56
  • Jan 26, 2009 2:33am Jan 26, 2009 2:33am
The pip spread widens further as I go well past the TP line but when I take this pic it goes back to 42 pips. Eventually the trade TP but I am battling a 40-50 pip spread to do it.
Attached Image (click to enlarge)
Click to Enlarge Name: eur nzd #5.gif Size: 17 KB
  • #57
  • Jan 26, 2009 2:40am Jan 26, 2009 2:40am
Hey Gretchen are you going to talk to us now?
  • #58
  • Jan 26, 2009 2:59am Jan 26, 2009 2:59am
Boy am I getting screwed by IBFX today. Here is a trade that went 56 pips below the TP line and did not TP. You guys need to understand, these are not scalping trade, I am go for 60 pip profits which is not a traditional scalp trade. Man I am ticked right now. Does anyone know a decent broker !!!!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbp nzd #1.gif Size: 20 KB
  • #59
  • Jan 26, 2009 3:00am Jan 26, 2009 3:00am
Quoting nanningbob
Boy am I getting screwed by IBFX today. Here is a trade that went 56 pips below the TP line and did not TP.
there is probably no liquidity on these pairs.
  • #60
  • Jan 26, 2009 3:06am Jan 26, 2009 3:06am
Quoting piccolo
there is probably no liquidity on these pairs.
Sorry I dont buy it, as soon as price moves away from the TP line it goes back to normal but as it approaches the TP line it widens. Been watching this for two hours now. Take a look at my pics this is going on. The second price reverses away from the TP line the spread goes back to normal. It is doing this as it approaches your TP line.
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