Interbank FX slippage on BE

Almost everytime I set my SL to BE on a position I end up paying. I've informed IBFX about the issue and they just shrug it off.

Anyone else having these issues?

Still having the same issue with 2 positions tonight.

am I reading right, IBFX charge you for a BE SL. time to move brokers, so many options out there these days. You pay to BE, IBFX are a joke.

Remember that IBFX do not have fix spread. And oftentimes, price will widen spread such that, if you have a SL set to BE, price could jump passed it and you end up with a LOSS instead of BE.

This is called SLIPPAGE or more accurately NEGATIVE SLIPPAGE (negative implying unfavorable to the trader)

Therefore, if you intend of not getting a loss, you MUST set SL to BE+5 instead of just SL=BE.

However, IBFX also have POSITIVE SLIPPAGE. ie, it works on TakeProfit (or Limit Orders) as well. I once set Takeprofit to a certain level and price simply went pass through it and I end up making more. Likewise, when I am placing Limit Sell or Limit Buy, I also get better fill because price went passed through it...

i notice my buy or sell limit orders always get a better entry. it goes the same for s/l. overall im happy with IBFX

I'm changing brokers as soon as Oandas Mt4 platform is officially released.

The reason I'm bringing up the issue is I've been with IBFX for quite some time now and before it seemed to almost never happen and now it's almost a regular occurence. Must be another back-office scheme, little here little there.

Try this indicator you'll notice your BE price changes according to spreads