IBFX manipulation or lag? | Forex Factory

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IBFX manipulation or lag?

  • #1
  • First Post: May 12, 2011 2:18am May 12, 2011 2:18am
lol couldnt take profit chart froze and cant re-log until price went back to hit my SL.. luckily SL was placed!
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  • #2
  • May 12, 2011 2:31am May 12, 2011 2:31am
Hmmmmm.... Same 'Ol IBFX - Still playing games, still cheating people. That sounds suspiciously like the Virtual-Dealer plugin (or custom programmed equivalent so they can deny using VD)
  • #3
  • May 12, 2011 2:33am May 12, 2011 2:33am
I dont know, isnt ibfx kinda trusted? maybe its just the server lagged? but this is my first time encountering this.


So i'll just excuse this one. But if this happends again i might look into other broker.
  • #4
  • May 12, 2011 8:22am May 12, 2011 8:22am
Quoting EdgarNg
I dont know, isnt ibfx kinda trusted?
NO!! Its mostly a newbie shop. Experienced FX traders avoid MT4 and those that use it like MB Trading, Oanda, ATC Brokers, FinFX and true ECN's off the top of my head. IBFX is a good shop for everything but trading. (deposit, withdrawal, website, contests, freebies). They play with the feed quite a bit. (at least they did when I was a client and I NEVER hear them mentioned in serious FX conversations. Training Wheels.)
  • #5
  • May 23, 2011 12:46am May 23, 2011 12:46am
Quoting Aja
NO!! Its mostly a newbie shop. Experienced FX traders avoid MT4 and those that use it like MB Trading, Oanda, ATC Brokers, FinFX and true ECN's off the top of my head. IBFX is a good shop for everything but trading. (deposit, withdrawal, website, contests, freebies). They play with the feed quite a bit. (at least they did when I was a client and I NEVER hear them mentioned in serious FX conversations. Training Wheels.)
I'm going live with them later today. I can note that on the demo, the spreads do whipsaw quite a bit. If running an EA, best to have a spread monitor that can disallow trades if spreads exceed xx.x pips. very useful. I had the alert 1 pip above their average spread, which is still higher than most brokers (except maybe fxcm).

The things we do for nano-lots (100 units lot of base currency).

Honestly, it's a good option for non-us clients. I can agree that there are other options out there. MT5 will change a lot of things.

I also agree with Aja in the sense that a broker with enough cash can have someone program their own custom virtual dealer. Technically currenex and other liquidity providers already provide brokers with this ability. The whole virtual dealer thing was just bad press for metaquotes. Retail forex.
Measure trends automatically with zero lag
  • #6
  • Jun 27, 2011 7:36pm Jun 27, 2011 7:36pm
Quoting news
Beginning Monday June 27th, 2011, Interbank FX will institute a three minute daily trading halt from 21:00 GMT to 21:03 GMT. After much research it has been determined that low liquidity during this time is leading to an unstable trading environment. This trading halt is necessary to provide you, our valued customers, with the best trading experience possible.
If you have any questions or concerns, Customer Service is always available to assist you by phone or chat at http://www.ibfx.com/Contact
Thank you for your continued support.
Interbank FX
A 3 minute trading halt for a 24 hour market... what will they think up next.

full blown manipulation at this point and blatant at that.
  • #7
  • Jun 27, 2011 11:59pm Jun 27, 2011 11:59pm
Quoting pip_seeker
A 3 minute trading halt for a 24 hour market... what will they think up next.

full blown manipulation at this point and blatant at that.
It is not uncommon for a daily reboot or maintenance window of some kind for financial markets. 3 minutes is actually pretty good. MBT is 10-15 minutes. GoM can sometimes be 3-7.
Measure trends automatically with zero lag
  • #8
  • Jun 28, 2011 12:20am Jun 28, 2011 12:20am
Quoting pip_seeker
A 3 minute trading halt for a 24 hour market... what will they think up next.

full blown manipulation at this point and blatant at that.
there nothing blatant at all, most ecn have a downtime, although IBFX is not a ecn but i can understand why they have a down time
  • #9
  • Last Post: Jun 28, 2011 1:30am Jun 28, 2011 1:30am
Then why are there brokers out there that advertise zero downtime, and my previous broker even advertised "no reboots".

How do they do it when the others can't?

It seems unprofessional to make excuses for them. If you're running a professional business you would make certain there is no down time, you build in redundancy to account for servers that might need to be rebooted at times.

There is no excuse good enough IMHO.
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