Would like to hear from traders who are using interbankfx - - - are they treating you right ?
I noticed all these details in their fine print of their sign up contract. Are all these things normal with other brokers ? Seems like a few of these are fairly one sided towards interbank:
Further, Interbank FX, LLC retains the right, at their sole discretion and without prior notice, to prioritize the entry of My/Our orders, for example giving market orders a higher priority than limit orders - - HMMMMM. . . . HOW OFTEN HAS THIS OCCURED? - - I THINK CUSTOMERS SHOULD BE NOTIFIED IMMEDIATELY IF INTERBANK DOES THIS.
. . . limit orders placed in increments not accepted by the primary marketplace will be adjusted to the nearest acceptable price that is more beneficial to the My/Our upon execution. That means it ain't a true limit order as interbank will go ahead and fill the order anyway (at a price favorable to interbank - - Not me). AGAIN, I THINK INTERBANK SHOULD IMMEDIATELY INFORM ALL CUSTOMERS IF THEY START THIS PRACTICE AT ANY TIME.
. . . . COMMISSIONS AND OTHER ACCOUNT CHARGES. Customer shall pay all such brokerage, commission, and special service charges as Interbank FX, LLC may from time to time charge to the Account, and all other charges (including, without limitation, cross-currency overnight interest debits, mark-ups and mark-downs, statement charges, idle Account charges, order cancellation charges, Account transfer charges and other charges) and fees (including, without limitation, fees imposed by any bank, clearing house, contract market or regulatory or self-regulatory organization) arising out of Interbank FX, LLC 's providing of services hereunder. . . . In addition to charges by Interbank FX, LLC, Interbank FX, LLC charges a 1pip commission per round trip lot traded which is charged when a position is opened. AGAIN, I THINK INTERBANK SHOULD IMMEDIATELY INFORM ALL CUSTOMERS IF THEY START CHARGING FOR ANY ADDITIONAL FEES . . .THAT ARE NOT BEING CHARGED FOR AT PRESENT.
(ANY ADD-ON, GOTCHA TYPE FEES).
I noticed all these details in their fine print of their sign up contract. Are all these things normal with other brokers ? Seems like a few of these are fairly one sided towards interbank:
Further, Interbank FX, LLC retains the right, at their sole discretion and without prior notice, to prioritize the entry of My/Our orders, for example giving market orders a higher priority than limit orders - - HMMMMM. . . . HOW OFTEN HAS THIS OCCURED? - - I THINK CUSTOMERS SHOULD BE NOTIFIED IMMEDIATELY IF INTERBANK DOES THIS.
. . . limit orders placed in increments not accepted by the primary marketplace will be adjusted to the nearest acceptable price that is more beneficial to the My/Our upon execution. That means it ain't a true limit order as interbank will go ahead and fill the order anyway (at a price favorable to interbank - - Not me). AGAIN, I THINK INTERBANK SHOULD IMMEDIATELY INFORM ALL CUSTOMERS IF THEY START THIS PRACTICE AT ANY TIME.
. . . . COMMISSIONS AND OTHER ACCOUNT CHARGES. Customer shall pay all such brokerage, commission, and special service charges as Interbank FX, LLC may from time to time charge to the Account, and all other charges (including, without limitation, cross-currency overnight interest debits, mark-ups and mark-downs, statement charges, idle Account charges, order cancellation charges, Account transfer charges and other charges) and fees (including, without limitation, fees imposed by any bank, clearing house, contract market or regulatory or self-regulatory organization) arising out of Interbank FX, LLC 's providing of services hereunder. . . . In addition to charges by Interbank FX, LLC, Interbank FX, LLC charges a 1pip commission per round trip lot traded which is charged when a position is opened. AGAIN, I THINK INTERBANK SHOULD IMMEDIATELY INFORM ALL CUSTOMERS IF THEY START CHARGING FOR ANY ADDITIONAL FEES . . .THAT ARE NOT BEING CHARGED FOR AT PRESENT.
(ANY ADD-ON, GOTCHA TYPE FEES).