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  #1  
Old 04-02-2009, 02:42
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Default IBFX?

i was with them last year and they really stophunt badddddd. the price sometimes doesnt match up with other brokers, the spreads are getting worse and their execution sucks!!!
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  #2  
Old 09-02-2009, 00:32
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I'm with ibfx, and they've been fine with me!
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  #3  
Old 05-03-2009, 18:57
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I have been dealing with IBFX for over a year now and any issues I did have , were fixed with a phone call to their live support.
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  #4  
Old 06-03-2009, 18:50
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Default ibfx is fine but not great

I have had ibfx for two years now and have had no problem as long as I don't trade the news reports. Spreads are bad. they also have been wideing the spread on the open Sunday nights. called and told me that that is the feeds that they get. i would like to change but my bank accounts are all set up with them and Zion bank which is really nice set up.
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  #5  
Old 06-03-2009, 23:18
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Quote:
Originally Posted by shiningstar View Post
i was with them last year and they really stophunt badddddd. the price sometimes doesnt match up with other brokers, the spreads are getting worse and their execution sucks!!!
Personally I think you're being too harsh. I was overall satisfied with IBFX, although not totally blown away. A lot of new traders blame their broker for the bad trades. I'm not accusing you of that, but just be wary.

And some of the language you used was, shall we say, a touch extreme, so I've removed that part.
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  #6  
Old 07-03-2009, 05:13
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I started a demo account with IBFX just last weekend. So far no real problems, but the spreads do widen a lot - especially the chf pairs are sometimes 12-14 pips. Of course, I'm not live yet, so I can't comment on that. They seem to be reputable. I have seen very few traders say they "love" their broker - most say they're OK at best, and always find something to complain about.
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  #7  
Old 13-03-2009, 04:05
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Default IBFX strategy

HI EVERYONE,
First post here--I am in a class/trade group with about 40 members who exchange FX trading ideas. When we started about 2 years ago, IBFX was our preferred broker. That was nice for me because I live only 45 miles from their main office and was able to meet several of their staff and get direct answers from their staff. As the market has changed with the world economy..I feel that the business model there has shifted too. Where they've always had a bit of a reputation as a stop-hunter, that seems to have gotten worse. Also the spreads have widened (although I will say that they do seem more normal in the last few weeks)..Some of the shift in spreads has been the result of the decrease in top rated liquidity providers in the total and my source at IBFX tells me that they are now dealing with providers that they would have not dealt with in the past.
several of our group have left IBFX for other brokers because the changes have made it difficult to use their systems, For those of us still there, here is a strategy we've adopted to get the best results....

Stay in a mini account...when 2 of our members upgraded their accounts to regular full lots..their execution fell apart. One member from Canada had trades where it took more than 30 attempts to get out of a trade, resulting in a substantial loss, and he continued to have problems until he moved his account. Many hours spent o the phone and alot of lost revenue. Also, It seems IBFX hates consistent winners..We have a member who places many small trades,,30-40 a day..and VERY rarely loses. He reported to us that an "account manager" from IBFX called him as a "courtesy call" and several times mentioned that he had large numbers of winning trades...like over and over.....after the call, Johns execution on the platform went very slow and he seemed to get Way too many requotes and system error messages...nothing changed from before/after the call..most of us don't trade news. I have have also noticed that there has been a big staff turnover at IBFX..NONE of the people I was working with or met when I started are still there..coinsidence perhaps...

I won't come out and say IBFX has gone to the dark side, but they and the market are shifting with the economic tides and companies will do lots of things to maintain their profits. IBFX claims in their literature that they have had near 100% revenue growth for 3 years running..in an era like this,,thats not just interesting..it may be revealing too..

Can't say enough about their customer service though...quick, friendly and responsive and they PAY when requested..something very nice that not all brokers do.

I still do have an account there, but I'm always watching..just my 2 cents, your mileage may very ...offer void where prohibited and all that ....
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  #8  
Old 18-03-2009, 20:33
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Default So Which Brokers You Guys have gone with?

Gorncapt,

You stated that you are in a group of 40 traders, since IBFX seems to be on the downward slope for satisfaction, which other brokers are alot of the members of your group have gone with?


Thanks
Theo
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  #9  
Old 23-03-2009, 08:08
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Default different strokes

Hi Theo-----(Theo from the ATL??--if so---now you know who I am..)

Our group is scattered all over the world but geography seems to be playing only a small part in the broker selection-

Some are long term pros --looking for the biggest liquidity and stability-some have chosen FXDD others are looking at ODL UK very closely and that seems to be where most are heading.

for the beginners ,,several have chosen FXPro.com (not FX-pro--be careful , there is a difference) because of the advantages to trading minis and micros as well as access to metals, cfts et al. --note: this is most likely where I will land..at least to start although I am also looking at Broco and Forex-Metal.

My long term broker for my hoped for future success is Varengold in Germany-great company and execution..just not till your account is at least $5k

I need to add that since my last post my feeling about IBFX is that they have gone to the dark side--my evidence--during both the recent big 400+ pip moves--the CHF 2 weeks ago and the USD last week --all IBFX had to offer was "common error" and trading was locked out---Either be in the friggin market or go home IBFX---quit stacking the deck so that you can rip off your clients!!
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  #10  
Old 03-04-2009, 15:56
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Default Hmmm...

Interbank FX is introducing 5th decimal pricing!
As part of our continuing commitment to delivering the optimal customer experience we are introducing 5th decimal pricing on our currency pairs. The 5th decimal prices will be available on our demo servers on Sunday afternoon at 6pm EST on April 12th, 2009 and will be available on the live trading servers on Sunday afternoon at 6pm EST on May 17, 2009
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  #11  
Old 04-04-2009, 08:01
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Quote:
Originally Posted by vanhook2 View Post
Interbank FX is introducing 5th decimal pricing!
As part of our continuing commitment to delivering the optimal customer experience we are introducing 5th decimal pricing on our currency pairs. The 5th decimal prices will be available on our demo servers on Sunday afternoon at 6pm EST on April 12th, 2009 and will be available on the live trading servers on Sunday afternoon at 6pm EST on May 17, 2009
I use a simple block of code within my EAs to automatically recognise and adjust the TP and SL for brokers like Alpari (and now IBFX) who use 3/5 digits.

I'm happy to paste the code up here if anybody thinks it might be useful. Unfortunately it's on a different PC just now, but I'll copy it across if anybody thinks they can use it and requests it.
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  #12  
Old 05-04-2009, 08:01
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Default Code blocker?

Quote:
Originally Posted by jezzer1961 View Post
I use a simple block of code within my EAs to automatically recognise and adjust the TP and SL for brokers like Alpari (and now IBFX) who use 3/5 digits.

I'm happy to paste the code up here if anybody thinks it might be useful. Unfortunately it's on a different PC just now, but I'll copy it across if anybody thinks they can use it and requests it.
I admit I'm intrigued--can you explain how to apply it and how to use it best??

--Gorncapt
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  #13  
Old 05-04-2009, 09:51
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Default

Quote:
Originally Posted by Gorncapt View Post
I admit I'm intrigued--can you explain how to apply it and how to use it best??

--Gorncapt
The logic is very simple. At the top of the start() function of an EA, you paste this code:

double NewTakeProfit;//or SL, or anything else you wish
int HalfDigits,DoubleDigits;

NewTakeProfit=TakeProfit;//include anything else
HalfDigits=MathFloor(MarketInfo(Symbol(),MODE_DIGI TS)/2);
DoubleDigits=HalfDigits*2;
if(DoubleDigits!=MarketInfo(Symbol(),MODE_DIGITS))
{NewTakeProfit=TakeProfit*2;}//include anything else

In Global Scope you would also need an external integer for TakeProfit (or Stop Loss or anything else that was affected with a 3/5-digit broker).

The logic, as I say, is simple. It divides the number of digits by 2 and rounds the result down to the next integer. So, if the digits of a symbol are 5, the result which is returned will be 2. It then multiplies this result by 2 to get 4 and if this result doesn't match the number of digits, it multiplies TPs, SLs, etc by 10.

It means that you can use an EA with multiple brokers and not have to worry about altering anything if they suddenly change their digits.
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  #14  
Old 13-04-2009, 05:54
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Default New IBFX 5 Digit Demo server login

On Sunday April 12, InterbankFX rolled out its 5 digit platform to a group of DEMO servers called DEMO1.

Eventually the 5 digit after the decimal point will be rolled out to other DEMO servers before going live.

To get access to the DEMO1 server, do the following:
On your MT4 platform under tools select OPTIONS then select SEVER. Under server: type in the following:
mt4-demo1.ibx.com:443
Click on OK

Next click on FILE, select open an account. Once you completed the registration process, you will get a new DEMO account which contains the new layout of the BID and ASK prices.

Open the market watch which is basically a display of the symbol followed by the BID and ASK prices.

--Happy Trading

--Gorncapt
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  #15  
Old 19-04-2009, 22:17
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I got an account by IBFX too, their service is ok... but I'm using tadawulf at the moment.
they claimed to reduce the spread if you got more money depositing by them ;)
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  #16  
Old 19-04-2009, 22:25
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Default interbank fx

I've had several problems with interbankfx. Just last week I set a buy limit order and the order was never processed. After calling customer service and the trade desk, they did however give me the trade and admitted a mistake. Can't say they are good or bad, but the spreads are a little extreme some parts of the day
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  #17  
Old 19-04-2009, 22:33
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i have been trading with IB for 6 months, I have had no problems. Has anyone tried to withdraw any funds from IB? Was there a problem?
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  #18  
Old 20-04-2009, 01:47
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i nave been with ibfx on demo account for 4 months. very little problem
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  #19  
Old 16-05-2009, 15:08
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Default

If you want to know more about IBFX, follow the link



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