Hi, has anyone tried the broker 1pipfix? They are now an IB for Loyalforex and the thing is you get 1 pip fixed spread on three majors.
I was thinking this may make extremely short term scalping easier? Am I missing something?
Here is something I jotted down a while ago while trying this out, please give me your opinions on this:
Example: GBPUSD on IBFX has spread of about 4 pips, on 1pipfix it is 1 pip so the bid is higher than on ÍBFX AND the ask is also lower.
Here is where the problem is: Simple logic dictates that MOVEMENT in price should be roughly the same on IBFX as on 1pipfix. So when the bid price on IBFX is 1.6459 and the bid price on 1pipfix is 1.6460 I would naturally assume that IF price DROPS one pip on IBFX to 1.6458 then the bid price (as well as the ask?) should drop one pip on 1pipfix as well, right!? Well guess what it didnt happen! Is that a scam, or am I missing something?
In fact if you look át m15 candles on ÍBFX Australia it proves just what I am talking about. Price dropped more than three pips from where I went short!!!!!!!!! But my 1 pip tp on the 1pipfix platform was not triggered!
Why? And what is the point of low spread if they just skip the movement?
I was thinking this may make extremely short term scalping easier? Am I missing something?
Here is something I jotted down a while ago while trying this out, please give me your opinions on this:
Example: GBPUSD on IBFX has spread of about 4 pips, on 1pipfix it is 1 pip so the bid is higher than on ÍBFX AND the ask is also lower.
Here is where the problem is: Simple logic dictates that MOVEMENT in price should be roughly the same on IBFX as on 1pipfix. So when the bid price on IBFX is 1.6459 and the bid price on 1pipfix is 1.6460 I would naturally assume that IF price DROPS one pip on IBFX to 1.6458 then the bid price (as well as the ask?) should drop one pip on 1pipfix as well, right!? Well guess what it didnt happen! Is that a scam, or am I missing something?
In fact if you look át m15 candles on ÍBFX Australia it proves just what I am talking about. Price dropped more than three pips from where I went short!!!!!!!!! But my 1 pip tp on the 1pipfix platform was not triggered!
Why? And what is the point of low spread if they just skip the movement?