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Attachments: Interbank FX. The most reliable MT4 broker around?
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Interbank FX. The most reliable MT4 broker around?

  • #61
  • Nov 30, 2009 12:11pm Nov 30, 2009 12:11pm
Quoting 3dragz
It depends on what you are asking. After the order reaches them then they execute it in 972 microseconds, but remember there's a lot of equipment and wire between you and the broker. How many hops does the order have to go through to reach it's destination, in some cases that could take more than a second or more, depending in internet traffic. I'm sure some of the brokers got better as the internet got better. The US doesn't have the best internet service in the world - far from it - it's run by the phone companies who are always complaining about...

Thats right if you have to send a market order the excecution speeds depends more on your internet connection than on your broker. If you have a Buy Limit Order already at your broker it should be filled in a few miliseconds no matter how lame your internet is.
  • #62
  • Edited 3:31pm Nov 30, 2009 3:15pm | Edited 3:31pm
I'm still wondering whether they mean 972 milliseconds.

With FXDD, the round trip ping duration from my terminal to the live FXDD servers is 1 millisecond. i.e. you could say that my terminal is next door to their server:

Inserted Code
Pinging 204.2.195.134 with 32 bytes of data:

Reply from 204.2.195.134: bytes=32 time=1ms TTL=119
Reply from 204.2.195.134: bytes=32 time=1ms TTL=119
Reply from 204.2.195.134: bytes=32 time=1ms TTL=119
Reply from 204.2.195.134: bytes=32 time=2ms TTL=119

Ping statistics for 204.2.195.134:
    Packets: Sent = 4, Received = 4, Lost = 0 (0% loss),
Approximate round trip times in milli-seconds:
    Minimum = 1ms, Maximum = 2ms, Average = 1ms
Yet the execution of my orders takes around 1 or 2 seconds. So most of the time is spent in the server. I programmed my Expert Advisor to record execution durations and slippage. I posted an excerpt of my FXDD log here: http://www.forexfactory.com/showpost...8&postcount=13

Also, there is an advertisement on Forex Peace Army for NordFX, with the text: "Scalpers paradise: No requotes, Execution less than 1 second", with the number 1 emphasized in red. So a 1 second execution time is considered to be good.

Knowing these, Interbank FX claiming to have execution time of under 1 millisecond sounds either amazing or ridiculous. Which one is it?
  • #63
  • Nov 30, 2009 4:32pm Nov 30, 2009 4:32pm
Quoting Hyper
Yet the execution of my orders takes around 1 or 2 seconds. So most of the time is spent in the server.
Unless of course they are using the Boston Technology Virtual Dealer plug-in, in which case they can set the delay to whatever (and whenever) they want.
  • #64
  • Dec 1, 2009 3:30pm Dec 1, 2009 3:30pm
Quoting 8fingers
Hey Bro-just stirrin the pot-truth be told your posts always tell it like it is. Its been more than 1 1/2 years since i cancelled account with IbFx and I am sure it has to better now than then or they would be history by now. Its just my dislike of All Brokers still unlucky enough to be based in the USA. The one and only time these mystery spikes effected my account they(IBFX) were quick to right the wrong. Of course,had I not complained, they would have kept my money-IM SURE. My experience was below "average" with this outfit in all areas of...
Hey 8fingers,
At Interbank FX- we always strive for improvement, and we’re working on some fabulous tools for transparency in the upcoming months as well. If you ever think about joining the ranks of Interbank FX again, we’d love to have ya . Also if you’re interested, check out our new tools coming shortly—so pop in and check them out: http://www.ibfx.com/dashboard/performance.aspx.

Oh, and by the way—my name is Abby. Employee of Interbank FX and somewhat new to the FF world, so I’ll be seeing you around!
  • #65
  • Edited 4:13pm Dec 1, 2009 3:31pm | Edited 4:13pm
Quoting hayseed
speaking of infamous spreads, here is something i wrote long ago to check spreads.... it runs all day every day.... checks current, max and minimum.......

spreads used to be terrible at the markets opening as seen in the first picture.... hard to deny today's, just minutes ago, looks far better.....

many pairs that i would never touch before due to the spread, are now within reach......h
Hi hayseed,

I’m Abby- an employee of Interbank FX (working with Marilyn) and also new to FF. Nice to meet you, virtually J. We appreciate you tracking and posting our spreads- and it’s good to see the improvement- thank you! Wanted to let you know we’re starting to do some analysis on our spreads that will be available on our performance page: http://www.ibfx.com/dashboard/performance.aspx. I’ve attached a jpeg indicating the analysis from one weeks data in Nov. for a sneak peak… so pop in soon and see all of our new and improved transparency tools.
Attached File(s)
File Type: pdf oneweekspreadsanalysis_InterbankFX.pdf   122 KB | 291 downloads
  • #66
  • Dec 1, 2009 3:33pm Dec 1, 2009 3:33pm
I spoke to your support guys today and understand that you'll be in the UK in 3-4 months.

I assume I'll be able to transfer my live US account straight into the new UK setup and will there be any costs incurred - same as if I was making a withdrawal.
  • #67
  • Dec 1, 2009 3:45pm Dec 1, 2009 3:45pm
Here are the IBFX spreads from FXIntel.com (LIVE spread analyzer) - Not the best, Not the worst. The problem with IBFX isnt the spreads (if you're willing to overpay a bit) - Its the FREEZES, REQUOTES, SLIPPAGE and SPREAD WIDENING - Also their indicators are SMOOTHED to Death!! - I can also guaranteed you that your EA will perform worse on their platform because of the smoothed data. The smoothing kills indicator sensitivity. - If you're a manual traders this wont effect you as much but most EA's rely on indicators to get market information. Indi readings on IBFX lag badly thank to the smoothing. If you compare a EMA cross on IBFX vs (Collective FX or ATC Brokers) - The MA will cross waaaay sooner on CFX/ATC because the data is raw. The IBFX smoothing will make your EA enter trades far after the move has started and exit after the currency has deeply retreated. - Dont let the SMOOTHED taste fool ya.
Attached Image (click to enlarge)
Click to Enlarge Name: spreads001.png Size: 71 KB
  • #68
  • Dec 1, 2009 4:17pm Dec 1, 2009 4:17pm
Quoting Hyper
I'm still wondering whether they mean 972 milliseconds.

With FXDD, the round trip ping duration from my terminal to the live FXDD servers is 1 millisecond. i.e. you could say that my terminal is next door to their server:

[code]Pinging 204.2.195.134 with 32 bytes of data:

Reply from 204.2.195.134: bytes=32 time=1ms TTL=119
Reply from 204.2.195.134: bytes=32 time=1ms TTL=119
Reply from 204.2.195.134: bytes=32 time=1ms TTL=119
Reply from 204.2.195.134: bytes=32 time=2ms TTL=119

Ping statistics for 204.2.195.134:...

Hey Hyper,

Wanted to let you know Interbank FX’s data is correct—I’ve attached a sample analysis of one week (nov. 5-11) so you can have a look J. Check back with us in the upcoming months and visit our new performance page—http://www.ibfx.com/dashboard/performance.aspx. We’ll have an array of helpful transparency tools if you’re interested.

Also- wanted to define our view of execution time to clarify any confusion: execution time is measured in milliseconds and is measured from the time that a customers trade hits our server until the customers trade is executed. Hope this helps.

Happy trading!
Attached File(s)
File Type: pdf oneweekspreadsanalysis_InterbankFX.pdf   122 KB | 270 downloads
  • #69
  • Dec 1, 2009 9:24pm Dec 1, 2009 9:24pm
Quoting Abigail
Wanted to let you know Interbank FX’s data is correct—I’ve attached a sample analysis of one week (nov. 5-11) so you can have a look J.
Thank you Abigail for your response and for the data. However, that spreadsheet is only of spreads and not of order execution duration. So are you able to provide order execution duration data as well?

Quoting Abigail
execution time is measured in milliseconds
So can you please address my specific query: in the graph that you show, should it be 972 milliseconds or 0.972 milliseconds?
  • #70
  • Dec 2, 2009 12:40am Dec 2, 2009 12:40am
LOL. I doubt anyone would expect <1ms execution time. The internet doesn't move that fast.
  • #71
  • Dec 2, 2009 2:32am Dec 2, 2009 2:32am
Quoting Rabid
LOL. I doubt anyone would expect <1ms execution time. The internet doesn't move that fast.
If you already placed your order in their system (Limit or Stop Order) I think 1ms could be realistic because 1 second would be pretty
darn slow which I never experienced with IBFX. Imagin price triggers your stop and it takes 1 second to fill your stop order.
  • #72
  • Dec 2, 2009 4:06am Dec 2, 2009 4:06am
Quote
If you already placed your order in their system (Limit or Stop Order) I think 1ms could be realistic because 1 second would be pretty
darn slow which I never experienced with IBFX. Imagin price triggers your stop and it takes 1 second to fill your stop order.

Eh, I think it's still asking a bit too much. Most OSes don't cycle thru their processes that fast, and if they had to place a trade out to balance your new trade, or even make the decision about whether to do that or not, the system would still take over 1ms to handle it.

Average human response time is like 200ms (1/5th of a second). Good response time is down to 100ms. You'll never notice anything smaller than that.

This is where execution time gets trickier. Obviously a stop order will be executed quicker since it's in the system already. A market order has network latency to overcome, slowing it down even more.

When I figure up execution time I'm looking for the round trip time it takes to hit the button, for it to be accepted by the system and for a reply to be generated. That generally means either a market order, or the time it takes for my stop order to be accepted by the system.

Actual execution of the order from the time the system accepts it to the time it's recorded is much smaller, but not very relevant. Times when price is moving fast enough to make it count, the spread will be wide enough to compensate.
  • #73
  • Dec 3, 2009 2:13pm Dec 3, 2009 2:13pm
Abigail,

Is this true what the one gentleman is saying about the averages being "smoothed" over?

I only ask because I am interested in using IBFX.

Also, so what is the verdict on this thread....IS IBFX THE MOST RELIABLE MT4 TRADER AROUND? I'm trying to find a broker that has the layout on their platform like IBFX, it's just easy for me to use and understand what I'm doing BUT I don't want to run into problems with the averages not being accurate and such.

Thank you,

Donnie
  • #74
  • Dec 3, 2009 2:57pm Dec 3, 2009 2:57pm
Quoting uraceulose
Abigail,

Is this true what the one gentleman is saying about the averages being "smoothed" over?

I only ask because I am interested in using IBFX.

Also, so what is the verdict on this thread....IS IBFX THE MOST RELIABLE MT4 TRADER AROUND? I'm trying to find a broker that has the layout on their platform like IBFX, it's just easy for me to use and understand what I'm doing BUT I don't want to run into problems with the averages not being accurate and such.

Thank you,

Donnie
It's bullshit I've run multiple EAs on IBFX without any problem or performance disadvantages. You will find the same layout with every MT4 Broker. If you wanted to chose IBFX frankly I can't come up with a reason why you shouldn't. Their small position sizes are good to start trading live money without risking to much.
  • #75
  • Dec 3, 2009 4:08pm Dec 3, 2009 4:08pm
Quoting uraceulose
Abigail,

Is this true what the one gentleman is saying about the averages being "smoothed" over?

I only ask because I am interested in using IBFX.

Also, so what is the verdict on this thread....IS IBFX THE MOST RELIABLE MT4 TRADER AROUND? I'm trying to find a broker that has the layout on their platform like IBFX, it's just easy for me to use and understand what I'm doing BUT I don't want to run into problems with the averages not being accurate and such.

Thank you,

Donnie

Dont believe me. Open a MT4 Demo with IBFX, ATC Brokers and Collective FX. Put a Simple Moving Average on them - SMA5, SMA15 and watch them cross. Almost all indicators are basically variation of MA's. Watch the responsiveness of the SMA's. Believe what you see.
  • #76
  • Dec 3, 2009 5:21pm Dec 3, 2009 5:21pm
Hey Donnie,

Wanted to clarify this inquiry for you also...and welcome back to the world of Forex!

Interbank FX averages are not "smoothed" over-- we actually don't alter the MT4 platform at all. We take pricing from our multiple bank partners, mark them up slightly and publish them. Hope this helps- and I wish you luck with your trading!

Quoting uraceulose
Abigail,

Is this true what the one gentleman is saying about the averages being "smoothed" over?

I only ask because I am interested in using IBFX.

Also, so what is the verdict on this thread....IS IBFX THE MOST RELIABLE MT4 TRADER AROUND? I'm trying to find a broker that has the layout on their platform like IBFX, it's just easy for me to use and understand what I'm doing BUT I don't want to run into problems with the averages not being accurate and such.

Thank you,

Donnie
  • #77
  • Dec 3, 2009 7:28pm Dec 3, 2009 7:28pm
Thank you so much for clarifying.

Take care and if I'm able to get my funds back from "perfectmoney.com" I will be opening an account here soon.

Thanks again,

Donnie
  • #78
  • Dec 4, 2009 5:12am Dec 4, 2009 5:12am
I have used IBFX for over 5 years.....at first they were great for news trading..then that stopped....then sometimes I saw requotes quite a bit....but that hasnt been a problem for me for over a year.

I have been really happy with them overall.

But, unfortunately I am now using different brokers because interbankfx does not offer leverage at 400:1.

So, to me, they were the best....but now, because they have been forced to change their leverage requirements they do not work for me anymore....

I have used EAs and many different indicators...have made and lost hundreds of thousands of dollars...and they have generally been very good for me.

Those are my 2 cents.

BP
  • #79
  • Dec 4, 2009 4:32pm Dec 4, 2009 4:32pm
Quoting uraceulose
Abigail,

Is this true what the one gentleman is saying about the averages being "smoothed" over?

I only ask because I am interested in using IBFX.

Also, so what is the verdict on this thread....IS IBFX THE MOST RELIABLE MT4 TRADER AROUND? I'm trying to find a broker that has the layout on their platform like IBFX, it's just easy for me to use and understand what I'm doing BUT I don't want to run into problems with the averages not being accurate and such.

Thank you,

Donnie
IBFX Marketing FAKE!!!


Hi, I used to trade with them, the spreads get worst when you enter the market and also when you try to get out... so be carefull, this new marketing they are making of up to 1 pip, I´ve seen up to 5...

Best wishes
  • #80
  • Dec 4, 2009 5:09pm Dec 4, 2009 5:09pm
Well spreads change that's the nature of the market....
If you haven't figured that out....
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