InterbankFX's new spreads | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

IG weekend spreads: have I made a mistake? Spreads 20+! 4 replies

Variable Spreads and Average Spreads 0 replies

InterbankFx 12 replies

More on interbankfx . . . 30 replies

Interbankfx 8 replies

InterbankFX's new spreads

  • #21
  • Nov 17, 2009 7:34am Nov 17, 2009 7:34am
Quoting ecTrade
Hey, I still have a "slow" DSL connection, and my orders are filled almost immediately.

So, what is "fastpath?" Is that a software patch that can be downloaded? Of course I could probably just Google it ... and, in fact I might just do that.
Fastpath is what some DSL Providers offer at least that's how they call it here in Germany. It's no software update since the changes are made by your ISP. It's used to reduce latency for DSL connections by disableing Interleaving.
With a normal DSL Line you might have a 80ms Ping after a Fastpath upgrade it's about 20ms.
  • #22
  • Nov 17, 2009 7:58am Nov 17, 2009 7:58am
I see spreads being batted about here and thought I would add my 2 cents, Velocity Trade offers great spreads, it's a DMA model

Eur/Usd average .4
Gbp/Usd average 1.2
Usd/Jpy average 0.7
Usd/Chf average 1
Gbp/Jpy average 2.6
  • #23
  • Nov 17, 2009 8:32am Nov 17, 2009 8:32am
Quoting DubaiTrader
Thanks for all your info. MBT have interested me, although have to agree their comm's look through the roof! Any thoughts on execution?

I'll have a look at ATC.

I presume you use FXDD for longer term positions where spread isn't such an issue?
MBT execution was average I thought; I tended to get slipped a bit both in my favor and against. Re. FXDD, I place short term trades, but that's just more my style regardless of broker, but situations where spread isn't as much of a factor make sense too of course. I rarely trade GY there however, as it's a fixed 9 pip spread and I can get much better with an ECN.

Basically my thought is to have both an ECN broker and a bucketshop. There are pros and cons to each depending on the situation...
  • #24
  • Nov 17, 2009 8:55am Nov 17, 2009 8:55am
Quoting TC East
I just use the standard MT4. Spreads are a tad high but are fixed, so at least you don't have to worry about them widening. I opened the account there during the financial meltdown last year when Lehman went under. ECN spreads at that time were ridiculous, so I wanted a fixed spread bucketshop as an alternative. I've just stayed with them ever since and been happy.

I use ATC Brokers as my ECN right now, but have also used MB Trading and PFG. MBT's commissions are close to criminal though in my opinion lol...
i agree about mb trading comm, i prefer PFG MT-4 ECN over mb trading
  • #25
  • Nov 17, 2009 8:57am Nov 17, 2009 8:57am
Quoting BiggerPips
i agree about mb trading comm, i prefer PFG MT-4 ECN over mb trading
www.pfgbestdirect.net
  • #26
  • Nov 17, 2009 1:16pm Nov 17, 2009 1:16pm
Come on guys, wise up.

The phrase is "as low as"........yeah right, for 3 seconds a week? And what about "as high as.....?"

Also, they say when the markets are volatile or illiquid the spreads may widen, so that means when the markets are busy, or when the markets are not busy, the spreads may be a mile wide as they see fit.

Don't swallow that crap.
  • #27
  • Nov 18, 2009 12:36pm Nov 18, 2009 12:36pm
I have used InterbankFX for the past 5 years and have made money with them. Sometimes I was requoted, but for the past year, I have not noticed any requotes.

What I am sad about and looking for some input on is that now they have to switch their margin to 100:1 because of NFA regs.

I am a US citizen, but am looking for another reliable broker that uses MT4, lets me use micro lots, lets me have 400:1 leverage and is good to deal with.

Any ideas anyone?

Thanks,

BP
  • #28
  • Nov 18, 2009 5:17pm Nov 18, 2009 5:17pm
Despite what some say above IBFX has plenty of requotes and offquotes. And it's got nothing to do with your internet connection since most people have high speed internet these days. As for lower spreads it's just a gimmick since it is 'as low as' you'd rarely see it when it matters. What's the point of a lower spread when you can't get good execution anyway?
  • #29
  • Nov 18, 2009 6:36pm Nov 18, 2009 6:36pm
You won't find any US brokers offering over 100:1 leverage now. NFA's new rules.
  • #30
  • Nov 18, 2009 6:49pm Nov 18, 2009 6:49pm
Quoting PipStar
Despite what some say above IBFX has plenty of requotes and offquotes. And it's got nothing to do with your internet connection since most people have high speed internet these days.
The only time I have problems with requotes are when the prices are moving quickly and I try to place trades manually. Other than that, my orders are filled almost immediately.
  • #31
  • Nov 18, 2009 10:35pm Nov 18, 2009 10:35pm
Quoting PipStar
Despite what some say above IBFX has plenty of requotes and offquotes. And it's got nothing to do with your internet connection since most people have high speed internet these days. As for lower spreads it's just a gimmick since it is 'as low as' you'd rarely see it when it matters. What's the point of a lower spread when you can't get good execution anyway?
from my understanding you haven't traded with IBFX for over a year,
  • #32
  • Nov 19, 2009 12:24am Nov 19, 2009 12:24am
Quoting PipStar
Despite what some say above IBFX has plenty of requotes and offquotes. And it's got nothing to do with your internet connection since most people have high speed internet these days. As for lower spreads it's just a gimmick since it is 'as low as' you'd rarely see it when it matters. What's the point of a lower spread when you can't get good execution anyway?
High Speed internet doesn't mean anything if you're using WLAN.
You will lose alot of TCP Packages. And DSL is really slow in terms of latency.
  • #33
  • Nov 19, 2009 3:40am Nov 19, 2009 3:40am
Quoting Tjpld
High Speed internet doesn't mean anything if you're using WLAN.
You will lose alot of TCP Packages. And DSL is really slow in terms of latency.
What is in your opinion the best way to reduce latency?
  • #34
  • Nov 19, 2009 4:32am Nov 19, 2009 4:32am
Quoting PipStar
What is in your opinion the best way to reduce latency?
Don't use DSL or get it upgraded with "Fastpath" at least that's how they call it over here. I'd be surprised if they don't offer something like that in other countries. It's also quite useful for VoIP applications because it improves the speech quality or if you like to play online games it's almost necessary.
You'd have to ask your ISP if they offer something similar.
  • #35
  • Last Post: Nov 19, 2009 10:04pm Nov 19, 2009 10:04pm
Hi, my name is Allison and I work for InterbankFX.

Great questions about the change in our spreads. To clarify the change is very simple. We're always working to improve spreads, execution etc and we've recently been able to offer tighter spreads for customers. That's all.

It is important to remember our "Typical Spreads" remain the same while the "As Low As" spreads may occur during ideal market conditions when there is relatively high trading volume and the majority of our liquidity providers are available. Spreads are not fixed and can widen during volatile times like news announcements.

We tracked our spreads from 11/5/09-11/11/09 and the 'As Low As' spreads were noted throughout the week. As you spend some time on our platform, we're certain you will see an improvement.

This improvement to our spreads allows InterbankFX clients to achieve optimal pricing and execution on their trading. Good News for everyone!

Online Forex Trading is one of the riskiest forms of investment available, and is not suitable for all traders. Read the full risk disclaimer and privacy policy on trading Forex online at http://www.ibfx.com/newvisitor/Home/RiskWarning .
0 traders viewing now