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InterbankFx

  • #1
  • First Post: Edited 1:54pm Dec 4, 2005 1:35pm | Edited 1:54pm
I'm openning an account with InterbankFx, but I don't know which platform I should choose. They are saying:
PLEASE NOTE – Though you may have your account set up on the new version MT 4.0, there are parts of the software that do not function and this may affect your trading. We are working to fix these issues within the next 30-60 days and recommend you DO NOT trade your live account on this version until we have completed it. Please continue to try it using a demo account for now.
If you are certain you would like to trade a live account on this version please aware that if you decide to change back to the current version 3.83 in the future, that it may take up to ONE WEEK to move your account back to version 3.83 and you will be out of the market for that time and will not be able to trade.

Any suggestion on which one I should choose? MT4.0 or MT3.83

Many thanks
  • #2
  • Dec 4, 2005 2:03pm Dec 4, 2005 2:03pm
Well I think you should be using the 3.83 version. I have tried it on a demo account a couple of weeks ago and it's working fine, and based on the posts and comments of many other traders, version 4 is not yet fully complete.

Another suggestion which would solve all of it, why don't you try a demo over both versions and see if you are going to use 3.83 or 4 for your live account. While trying them both, try to experience everything in the platform, stops, limits, trailings, charts, time frames, indicators, etc...All the possible things.


Thanks,

Nader
  • #3
  • Dec 4, 2005 3:31pm Dec 4, 2005 3:31pm
MT4 is, charting wise, far superior, but it is not fully tested and the MetaTrader developpers havent given it the green light yet for live trading. So if you are trading real money, stick to MT3.83 for the time being.
  • #4
  • Edited 9:52pm Dec 4, 2005 9:45pm | Edited 9:52pm
I use the 4.0 version and its fine.
There already have been several updates.
I haven't noticed any problems.
I recommend using version 4.0
good luck...
p.s. Keep in mind that on Sundays InterbankFX opens up 4 hrs later that FXCM...
(...but FXCM does not offer MetaTrader)
  • #5
  • Dec 7, 2005 9:16am Dec 7, 2005 9:16am
ive been demoing IBMT4 for a while now, and it generally works fine. For some reason however, i havent been able to log in for the psat 2 hours, anyone else having this problem?
  • #6
  • Dec 7, 2005 10:57am Dec 7, 2005 10:57am
Quoting Trumpcard
ive been demoing IBMT4 for a while now, and it generally works fine. For some reason however, i havent been able to log in for the psat 2 hours, anyone else having this problem?

I have IBFX but use MT 3.83. Working fine all morning and last night.
Forex Trading: The hardest way to make easy money.
  • #7
  • Dec 7, 2005 8:03pm Dec 7, 2005 8:03pm
If you are unable to log in then most likely your demo account has expired.
They usually last for about 30 days or so. You'll need to request new demo
accound by right clicking on "Accounts" in your "Navigator" window.
  • #8
  • Apr 17, 2007 3:51am Apr 17, 2007 3:51am
good demo
i am trading live
and they steal money like it is natural
wont recommend it
  • #9
  • Apr 17, 2007 5:04am Apr 17, 2007 5:04am
Quoting ydyzzm
I'm openning an account with InterbankFx, but I don't know which platform I should choose. "...if you decide to change back to the current version 3.83 in the future, that it may take up to ONE WEEK to move your account back to version 3.83 and you will be out of the market for that time and will not be able to trade.

Any suggestion on which one I should choose? MT4.0 or MT3.83

Choose neither. And find another broker. Their statement in bold is ridiculous.The alarm bells for you should ring regardless of experiences from others. Sir, simply my opinion. We all have to paddle our own canoe. Good luck in whichever route you choose.
Do not focus on making money; focus on protecting what you have.
  • #10
  • Apr 17, 2007 5:09am Apr 17, 2007 5:09am
if you want to trade manually, go with MT3, if you want to be able to put indicators and EAs from FF on it, then go with MT4 because nobody is writing stuff for MT3 anymore.
  • #11
  • Apr 17, 2007 2:51pm Apr 17, 2007 2:51pm
Quoting ragxyz
good demo
i am trading live
and they steal money like it is natural
wont recommend it
Don't trade the news and you won't have to worry about increasing spread and slippage. I have been with Interbankfx for over three months now and have had no problems.
  • #12
  • Apr 18, 2007 8:45am Apr 18, 2007 8:45am
Quoting imbiber
Don't trade the news and you won't have to worry about increasing spread and slippage. I have been with Interbankfx for over three months now and have had no problems.
i see.
what if i see that trading the news is profitable to me, would i rather open another account with another broker?
  • #13
  • Last Post: Apr 18, 2007 10:25am Apr 18, 2007 10:25am
Quoting ragxyz
i see.
what if i see that trading the news is profitable to me, would i rather open another account with another broker?
Good luck finding a broker that doesn't increase the spreads during news time. Search the forums, you will find this is a common practice with brokers.
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