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Alpari vs IBFX

  • #1
  • First Post: Dec 3, 2009 2:07pm Dec 3, 2009 2:07pm
Guys,

I've been going back through as many threads as I can find.

I've now downloaded the software for both IBFX and APARI...

The thing is, the platform on the IBFX broker is the one that I like because I understand how it works and I can look at 4 different charts at the same time.



It really seems though that the Apari is the way to go, is there anyway to setup there layout more like the standard metatrader or whatever it's called?



If you don't want to post a big answer and explain because I'm obviously new to forex( I can tell a lot of people here don't like newbies to forex)....please just post which of the broker that you use personally.


These just seem to be the two most commonly used brokers that are out of the USA.

Thank you,

Donnie
  • #2
  • Dec 3, 2009 2:40pm Dec 3, 2009 2:40pm
Another thing that I wanted to mention because it's important. I'll only be depositing $2000USD to start...so I'll need a broker that will let me do a mini account.

Thank you in advance,

Donnie
  • #3
  • Dec 3, 2009 3:03pm Dec 3, 2009 3:03pm
If you are new to Forex don't open a live account just yet.
  • #4
  • Dec 3, 2009 3:34pm Dec 3, 2009 3:34pm
Quoting uraceulose
Another thing that I wanted to mention because it's important. I'll only be depositing $2000USD to start...so I'll need a broker that will let me do a mini account.

Thank you in advance,

Donnie

I would definetely go with Alpari. Let me put it this way - They know MT4 better then any other broker.
  • #5
  • Dec 3, 2009 3:38pm Dec 3, 2009 3:38pm
Thank you so much for the quick replies.

I will not deposit into any broker until I get this all figured out. Also, I did download the APARI platform but it is completely different from INTERBANKFX's...I couldn't even figure out how to open up more than one chart at once to tile them horizontally....

I would prefer to use APARI as I haven't found ANY complaints so far about them BUT is there any way to switch the style of their platform to more like the IBFX setup?

Thank you again,

Donnie
  • #6
  • Dec 3, 2009 3:42pm Dec 3, 2009 3:42pm
Everyone,

Please forgive me for being so dumb. I just realized that I can just keep the IBFX setup for my demo account and charts and then just trade using ALPARI or whatever I choose.

It's just been a few years since I was really into FOREX and I've been reading about 8 hours a day now and I'm getting a lot better grasp on it.

I'm pretty sure now that I'll just end up going with ALPARI and just use the other platform for ease of understanding what's going on in the market.

Thank you again to all and please post up if you have any other suggestions.

Donnie
  • #7
  • Dec 3, 2009 4:00pm Dec 3, 2009 4:00pm
I HOPE you're talkin about Alpari-UK **NOT** Alpari-US. Also both Alpari and IBFX use MT4. They're both the same - whats the diff? - Also both Alpari and IBFX suck but I leave it to you to search the forum for opinions on both.
  • #8
  • Dec 3, 2009 4:03pm Dec 3, 2009 4:03pm
Quoting Aja
I HOPE you're talkin about Alpari-UK **NOT** Alpari-US. Also both Alpari and IBFX use MT4. They're both the same - whats the diff? - Also both Alpari and IBFX suck but I leave it to you to search the forum for opinions on both.
Alpari UK are fine, at least they are if you deposit 100K with them.
  • #9
  • Dec 3, 2009 4:10pm Dec 3, 2009 4:10pm
I actually am talking about ALPARI US....what is better about the UK version?

Aja,

Have you downloaded the IBFX and ALPARI software?

The layout, style, order screen and everything else is different....they don't even offer the same time frames...

What do you mean, they're the same?

I'm also only depositing $2000 dollars so does that leave me out of ALPARI?

Thanks,

Donnie
  • #10
  • Dec 3, 2009 4:14pm Dec 3, 2009 4:14pm
Quoting uraceulose
I actually am talking about ALPARI US....what is better about the UK version?

Aja,

Have you downloaded the IBFX and ALPARI software?

The layout, style, order screen and everything else is different....they don't even offer the same time frames...

What do you mean, they're the same?

I'm also only depositing $2000 dollars so does that leave me out of ALPARI?

Thanks,

Donnie
With Alpari UK the first 50K is protected by the FSA and the other 50K is segregated. Also, hedging is allowed.
  • #11
  • Dec 3, 2009 10:10pm Dec 3, 2009 10:10pm
I've actually now discovered another broker by the name of O and A...they seem to be pretty legit. After speaking with the rep at IBFX, they are a class act also though now at least it seems to me.

I just wish that I would have started this thread before I put my dumb money into perfectmoney.com headed for instaforex.com

Thank you for all the help,

Donnie
  • #12
  • Dec 3, 2009 10:29pm Dec 3, 2009 10:29pm
Oanda is probably hands down the best retail broker in the business.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #13
  • Dec 3, 2009 10:36pm Dec 3, 2009 10:36pm
Goose,

Thank you.

Donnie
  • #14
  • Dec 4, 2009 9:42am Dec 4, 2009 9:42am
I have recently tried the Alpari US demo and there's about a four or five second delay when placing orders. I have never encountered this with IBFX, on either the demo account or live. Also, with IBFX, they have it so you can use your old EA's and not have to put up with all this new FIFO crap (although I heard there may be a problem with them "smoothing" the data, which renders your EA's less effective).
  • #15
  • Dec 4, 2009 11:05pm Dec 4, 2009 11:05pm
I may just end up using the O and A for the trading but using the IBFX for the charting...I'll either do that or as I look into IBFX more, I may just end up charting/trading with them solely.

Thank you again for all the comments and help.

Donnie
  • #16
  • Dec 4, 2009 11:08pm Dec 4, 2009 11:08pm
Quoting uraceulose
Guys,

I've been going back through as many threads as I can find.

I've now downloaded the software for both IBFX and APARI...

The thing is, the platform on the IBFX broker is the one that I like because I understand how it works and I can look at 4 different charts at the same time.



It really seems though that the Apari is the way to go, is there anyway to setup there layout more like the standard metatrader or whatever it's called?



If you don't want to post a big answer and explain because I'm obviously new to forex( I can tell a lot...
they're both rubbish.....

Donnie you have so many other better options in the states come on mate... why swap 1 bucket shop for another. Alpari is a nightmare.

you have MB Trading, ATC Brokers, Oanda and many more low spread ecn type brokers that you can start trading on a small account.

come on Donnie do some home work.
  • #17
  • Edited 11:51pm Dec 4, 2009 11:25pm | Edited 11:51pm
Apocolypto,

I do think that I'm going to end up using the O and A for my actual trading. It just sucks that they don't use the same trading platform that I'm used to.

I'll just use something else for the charts though.

I'll also look into MB and ATC but I haven't heard any rave reviews for either yet and I've heard about 5 or 6 direct satisfied users of O&A.

Thank you for your advice and I will keep searching, I have been reading about 5 hours/night on this forum now for the last few weeks and I had been on a couple other forums(that sucked!) before this one.

What is the commission that MB trading charges? I only ask because that is the only complaint that I found about that broker but they are located in California and not too far from me.

Donnie
  • #18
  • Dec 5, 2009 3:37am Dec 5, 2009 3:37am
Quoting uraceulose
Apocolypto,

I do think that I'm going to end up using the O and A for my actual trading....
Hi Donnie,

MB coms are way to high.... day light robbery if you ask me. But it's an ecn, Oanda operates away from MT4 ( i thuink there's a bridge for it???) sounds like that's an issue for you.(u want MT4)

If you have the 5kUSD to start and you are happy to begin on 10K lot then ATC is a great US option. MT4 platform, in California and it's an ECN broker with great spreads and 8$ com round trip on all pairs. There are a good out fit and the main man there Dave is a pleasure to deal with.

go to ATC Brokers and get a demo, test em out. I can vouch for them as I have traded with them.

But if you can live with out MT4 Oanda and MB are also very decent. Gomarkets in AUST are another good one but if you're in the states, then these are better suited for you I think.(INT money transfers suck!)

good luck to you
  • #19
  • Dec 5, 2009 11:39am Dec 5, 2009 11:39am
Apocolypto,

Thank you for the help. It is important to me to use the MT4 platform for my charting. I'll look into ATC a little more also.

I checked out MB and they did just lower their commission...the thing I don't like is how much they charge just to open the account or "maintain" it. I do like that they're in CA but it's not that important.

I'm still leaning toward using O and A for my trading and just using IBFX or something for my charting.

INTERNATIONAL WIRE TRANSFERS DO SUCK!

Donnie
  • #20
  • Dec 5, 2009 2:56pm Dec 5, 2009 2:56pm
I suggest you to open an account with Oanda. It has low spreads, fast execution and, what's more important to you, you can trade any amount you want. And as you're new to this business that is a great thing. What made me leave them, but just for the moment, is they have low leverage. But again, you shouldn't use more than 50:1.
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