IronFX orders during NFP! | Forex Factory

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IronFX orders during NFP!

  • #1
  • First Post: Apr 3, 2015 7:49am Apr 3, 2015 7:49am
Hi All! my order limit was 1.0940 and 1.0970 and the broker realized my orders at 1,0994 much more than order limit, I checked the same order in other brokers and the price was 1,0955, so IRON FX cheat the clients very often. This price was the highest price this hour. I call to the company and manager told me this is our rules! please read T&C. haha! Please think before you choose this company. Good Luck!
  • #2
  • Apr 3, 2015 10:20pm Apr 3, 2015 10:20pm
Why would you trade NFP with limit orders on Good Friday? I am not surprised that you got filled at that price. I doubt that they cheated you at all.
  • #3
  • Apr 4, 2015 1:09pm Apr 4, 2015 1:09pm
Quoting trader2015
Hi All! my order limit was 1.0940 and 1.0970 and the broker realized my orders at 1,0994 much more than order limit, I checked the same order in other brokers and the price was 1,0955, so IRON FX cheat the clients very often. This price was the highest price this hour. I call to the company and manager told me this is our rules! please read T&C. haha! Please think before you choose this company. Good Luck!
They never cheated you. Its called slippage...

Do proper research before you trade and open your mouth..
Trade smart, not hard
  • #4
  • Apr 4, 2015 4:39pm Apr 4, 2015 4:39pm
do not waste your time and money with IronFX go to LMAX
  • #5
  • Apr 5, 2015 5:20pm Apr 5, 2015 5:20pm
despite of all, the ava are still belong to broker company . these are common case when you trade with them, but if you after any deposit bonuses they should be the king of all forex bonuses. high slippage means you need to small money with them, try to find more delicate company to with smooth execution during NFP, not the one who will put your account into smithereens.
  • #6
  • Apr 6, 2015 1:14am Apr 6, 2015 1:14am
I didnt get where is the cheating on this case yet!! And why do you have their logo if you dont like them i dont get it!
  • #7
  • Apr 6, 2015 5:12am Apr 6, 2015 5:12am
listen guys, small money on the account? maybe..$24k could be small in your opinion...
next..slippage ok.. but 50pips from order and 111pips from first jump..please..this is slippage? this is the record! (the price start from ca. 1,0880)
next.. why logo with I.. because I know this company for so long time and I decide to inform all of you how the company works! I remember everything was right in 2013 year and most of 2014 year.
good luck!
  • #8
  • Apr 7, 2015 1:08am Apr 7, 2015 1:08am
Quoting trader2015
listen guys, small money on the account? maybe..$24k could be small in your opinion... next..slippage ok.. but 50pips from order and 111pips from first jump..please..this is slippage? this is the record! (the price start from ca. 1,0880) next.. why logo with I.. because I know this company for so long time and I decide to inform all of you how the company works! I remember everything was right in 2013 year and most of 2014 year. good luck!

So you are trading with them for 2 years and you were happy then on third year you decided you concluded that they are not a good broker from one trade only ? To be honest with you, you dont make any sense, of course i dont say that you are a liar because i havent gone live with them yet and test them but your point of vie is a bit strange.
  • #9
  • Apr 7, 2015 1:49am Apr 7, 2015 1:49am
Quoting Kotowskifx
{quote} So you are trading with them for 2 years and you were happy then on third year you decided you concluded that they are not a good broker from one trade only ? To be honest with you, you dont make any sense, of course i dont say that you are a liar because i havent gone live with them yet and test them but your point of vie is a bit strange.
I have over 10posts of this broker, try to read all before you get any opinion...I see you are a new one here...(start from march 2015...) that is the reason...
  • #10
  • Apr 7, 2015 1:53am Apr 7, 2015 1:53am
Quoting blackwidowfx
do not waste your time and money with IronFX go to LMAX
Hi, Lmax seems to be good, how about orders on NFP (or other data information)? good execution and liquidity I heard...
  • #11
  • Apr 7, 2015 3:06am Apr 7, 2015 3:06am
Iron FX is sucks

Why did they put restrictions on FrezeLevel and StopLevel?

in a good broker this settings should be set to 0

Here LMAX:

https://www.myfxbook.com/portfolio/f...mentum/1158202
  • #12
  • Apr 7, 2015 3:32am Apr 7, 2015 3:32am
It's funny how people always complain about orders not being executed at the price they want...

But even more funny, only people who got slippage against them complain... What about the others who got slippage on their side ? No complain ?

I bet it must happen almost as often in one way than in the other.

Slippage is a known risk in forex, especialy during high impact news (someone said NFP ?)
If you're not ready to take this kind of risk during news, may i suggest what is almost always suggested : If you're not already in around news release then :
- Don't enter
- Cancel pending orders (unless you are willing to play with the wicks, ubt in that case, risk is on)

As a conclusion, i'm sorry about the trouble that was created for you. But it happened, still is happening, and will continue to happen around such times.
  • #13
  • Apr 7, 2015 3:48am Apr 7, 2015 3:48am
Everything comes with experience

Trade technicals and everything will be alright.

News release is just noise on a market. Simply BS.
  • #14
  • Apr 7, 2015 4:47am Apr 7, 2015 4:47am
Quoting blackwidowfx
Everything comes with experience Trade technicals and everything will be alright. News release is just noise on a market. Simply BS.
I hear that IronFX cheat their clients and dont let them withdraw...

http://www.financemagnates.com/forex...clients-ibs-2/
Trade smart, not hard
  • #15
  • Apr 7, 2015 7:52am Apr 7, 2015 7:52am
IronFX introduced

SLIPPAGE on withdrawals of clients funds.

He he he

Or boy or boy.

Get out from IronFX as soon as possible
  • #16
  • Apr 7, 2015 9:01am Apr 7, 2015 9:01am
Quoting trader2015
Hi All! my order limit was 1.0940 and 1.0970 and the broker realized my orders at 1,0994 much more than order limit, I checked the same order in other brokers and the price was 1,0955, so IRON FX cheat the clients very often. This price was the highest price this hour. I call to the company and manager told me this is our rules! please read T&C. haha! Please think before you choose this company. Good Luck!

@trader2015, I read through all your posts but don't quite follow the logic here:

It is clear you have some unsolved issues with this broker but is still struggling to trade with it. Any particular reason to make you stick to them and trade such an awesome amount on a NFP Good Friday?

Just to warn away innocent traders?
  • #17
  • Apr 8, 2015 1:45am Apr 8, 2015 1:45am
Quoting trader2015
{quote} I have over 10posts of this broker, try to read all before you get any opinion...I see you are a new one here...(start from march 2015...) that is the reason...

Yes i have joined forexfactory a month ago as you did as well, what this has do to with my question? I simply asked if you were satisfied with them over this two years and then decide to go against them. As i see it you been with them almost 3 years and you decided to create and post negative comments now. What is the reason behind this?The reason i am telling you this is because there are so many rumours regarding them both negative and positive which i cant conclude which is true so a bit of information will be great.
  • #18
  • Apr 8, 2015 4:52am Apr 8, 2015 4:52am
Usually new members on a forum, when they are trying to defend brokers from they scam operation

are agents for the broker trying to put pressure on a trader.

Solution is

Learn technicals and bid broker with your trading.
  • #19
  • Apr 9, 2015 12:21am Apr 9, 2015 12:21am
Learn technicals and bid broker with your trading. - Agreed with blackwidowfx. i see this from a lot of people blaming brokers without any valid reason and most of the time out of nothing, that is why i question trader2015 point of view.
  • #20
  • Last Post: Apr 9, 2015 4:27am Apr 9, 2015 4:27am
Quoting blackwidowfx
Iron FX is sucks Why did they put restrictions on FrezeLevel and StopLevel? in a good broker this settings should be set to 0 Here LMAX: https://www.myfxbook.com/portfolio/f...mentum/1158202
theres' lot of brokers with similar trading condition. often called themselves as ECN provider, with legit trading enviroment, well in fact the stop level are way to wide. and yes, 50 pips stop level are suck!
I also use 0 pips stop level (most broker website wont reveal these, so the only way is manually check within their platform).
Attached Image (click to enlarge)
Click to Enlarge Name: stops.jpg Size: 126 KB

and indeed these 0 stoplevel are quite handy when it comes to scalp, or any other trading method who demand good entry execution.
btw, @blackwidowfx make sure remove the "s" from "https" while share myfxbook link. otherwise people would think your performance page are private one.
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