Interbankfx - you making money with them yet?

Just a quick poll if you have made money trading forex using InterbankFX as your broker..

Yea, why?

I've been reading alot of negative reviews about them lately..just curious

Been doing fine with them. Standard live account. I only use Stop entries.

Made some money with IBFX, but started making more after leaving them for a better broker ...

i was just wondering which broker you switched to .. thanks

MB Trading because they have better spreads ... Would be nice once they go live with their MT4 ...

Though i still didnt went live with Ibfx Yet but maybe my this thread may helps you
http://www.forexfactory.com/showthread.php?t=89279

Pip!

Interbank FX is introducing 5th decimal pricing!

As part of our continuing commitment to delivering the optimal customer experience we are introducing 5th decimal pricing on our currency pairs. The 5th decimal prices will be available on our demo servers on Sunday afternoon at 6pm EST on April 12th, 2009 and will be available on the live trading servers on Sunday afternoon at 6pm EST on May 17, 2009.
Why 5th decimal pricing?
Adding the 5th decimal point can reduce the spread, or difference between the buy and sell prices of a currency pair. You may notice tighter spreads as we enable the 5th decimal pricing on our trading platforms.
How will this effect Expert Advisors (EAs)?
Most EAs will be affected by the introduction of the 5th decimal point. Please make sure that you have adjusted all pip value related parameters, such as take profits or stop losses, to allow for the additional decimal point. For instance, if you are currently using a stop loss level of 20 on a four decimal pair, you would have to change the value to 200 to get the same execution on a pair with a 5th decimal. Please be aware that some EAs will need fundamental changes to ensure that they will work as you expect. We would suggest that you use your EAs on our demo accounts before using them on your live account to ensure they are working properly.
How does this effect Stop Losses, Take Profits and Maximum Deviation?
All take profit, stop loss and maximum deviation values that are expressed in points should be multiplied by 10. For example, if you would like to enter a Maximum Deviation of 5 pips, you would enter 50 into the Maximum Deviation field.
How does this effect the profit / loss values expressed in the Trade tab in the Terminal?
All profit & loss values already incorporate the 5th decimal place adjustment when they are expressed as Points in the Profit column under the Trade tab in the Terminal window in MetaTrader.
Does this effect Trailing Stops?
Yes. When you are setting a trailing stop value you will multiply it by 10.
Who do I contact if I have additional questions?
You can contact our award-winning customer service team from Sunday at 5:00pm EST to Friday at 5:00pm EST by email, phone or live chat.
Toll Free:
US and Canada: 866.468.3739
Australia 1.800.884.912
Indonesia 001.803.017.9112
Malaysia 1.800.813.776
New Zealand 0800.445647
Singapore 800.101.2097
United Kingdom 0.808.120.1966
International: +1.801.930.6800

Email:
[email protected]
Live Support:
Click here
- The IBFX Team

lol you actually think your "not making money" thing depends on your broker? maybe you didn't understand the game .. there is no money anywhere if you don't know how to get it.. brokers don't just give it to you, you know?

Of the people who voted "no", how many are making money in forex regardless of who their broker is?

I did not say making money depends on my broker. Please read my post again.. i was just taking a poll of traders if they have made money "using" interbankfx. I could have also just have said "using forex.com, fxsol, etc.." please read post more carefully before you reply!

"Have you made money trading forex using InterbankFX as your broker?"

The question you asked has nothing to do with what you claim now. The only aim the above question has is "have you made money in trading WITH YOUR BROKER" .. it does NOT say "have you made money trading?" There is really no use in adding the broker to the question if what you just said was the case.. therefore, the only conclusion for me was to respond as I have since your question was talking specifically about making money with a certain broker, and not about trading in general.

It is actually a poll..i really don't care about reasons... its a simple yer or no poll.. :-/

Initially I did but then i started losing, I've heard a lot of ppl have problems with them especially the grid traders, I remember naningbob bringing up the issue in the IBFX widget thread, but the ibfx person just fibbed him off.

Anyway I'm joining oanda spreads with ibfx are unreasonably high.

Just something I'd like to mention

Well brokers actually do trade against you, they watch you initially and if u lose money they trade against you. Another thing is if you use market orders the chances of them trading against you are much higher. They did a survey about clients who use limit orders and market orders and found although both lose the failure rate for clients with market orders is much higher and they tend to take oppositie positions for most of these clients as they have found statistically its almost sure they are going to lose all their money.

Initially I thought it was all bs I didnt know this but then in fxstreet their was a webinar presented by famous trader John Carter (he's been a trader for many decades and has written bookstoo) he mentions this in his presentation. As per Mr. carter it is actually true brokers do watch you and trade against you depending on how you're faring
http://www.forexfactory.com/images/misc/progress.gif

So, if you are a good trader consistently making money, do they just trade with you instead of against you?