Thread: Warning broker cheats and plays games during big news!

I'd love to provide a warning to all traders that IBFX plays also cheats games during news.

Today IBFX disconnected from me when NFP news hits. Nothing wrong with my connection can browse the web and such. I was captured by it and not in a trade, but it pisses me off that they are playing with with these games.

My connection to them might be up for literally days or weeks, but the moment something like NFP (large red news) hits, magically theire connection to me is downward.

I've documented this happening 5 times this year with movie on my PC.

One time that they grabbed me and I dropped $500 or so dollars because of it, once I told them I had it on video and I would report them that they credited back my loss, however only a, 1 time thing. And magically my client complained and only came back after I contacted tech support.

There only reply was that, it's a tech issue and there using their IT guy look into and try and solve the matter. (Only so happens to go down consistently in an exact time which would benefit IBFX vs the traders who they exchange against)

So, if you currently trade with them beware of news time, then they love to disconnect you until it is possible to gain from any type of news spike. They'll let you in earlier, then disconnect you.

If you dont currently trade with them consider placing them onto the bucket store listing. I am still positive with my overall, but am seriously considering telling them to go fuck off and find a broker who does not play games.

P.S. Can a mod please sticky this so it stays in the top. For a couple reasons: 1). To protect traders and give them a heads up. 2. IBFX gets wind of the fact that traders are wise to their Bullshit. 3. The NFA will get end of it and explore them. Let them do something for once to really protect traders rather than taking their leverage!

P.P.S. Forex mill should take off them the preferred broker listing as they are playing games, ifforexforum.co.zakeeps them on the list they are just aiding a bucketshop as it stands today.

*****************Yells the mods, they changed my title from IBFX, to Broker (I figure you can see where bread is buttered, they care about getting kickbacks from IBFX for becoming a preferred broker rather than helping traders.

WARNING IBFX cheats and plays games during big news!!!!!!!!!!

As you can see that I don't participate that much inforexforum.co.zabut now I believe it is time to write and thank you since
I had been about to open up an account with IBFX due to their chance to fund credit card, but now I won't touch them.

Are you amazed?

IBFX is a market maker. Of course they are going to delay execution, disconnect and do whatever it takes to protect their dealing desk position throughout market volatility.

Move ECN. Market Makers are lifeless.

Originally Posted by ;

Are you amazed?

IBFX is a market maker. Of course they will delay execution, disconnect and do anything else it takes to protect their dealing desk position during market volatility.

Go ECN. Market Makers are dead.

I've never had a problem with executions and getting in and out. The only busness that is humorous is exactly what I've stated above.

I'd like to go ECN, however I'm not sure it would be any better because you'd need to beat the distribute AND pay commission.

Originally Posted by ;

I'd like to go ECN, but I am not sure it would be any better since you'd have to beat the distribute AND pay commission.

But... isn't the point which you go ecn once you get started pushing enough quantity, and being ecn that the spread is smaller as a result of broker no-longer padding their fees to the perceived spread and instead you just pay a flat fee per transaction? The bigger the quantity you push per transaction the LESS?

IBFX along with the Interbank FX team doesn't control prices, delay execution or intervene in our customers trades at all. We're a highly company in Australia by both NFA in ASIC and the United States.

Please send a message to: help at IBFX.com attn: Drew Izzo with your account # so we can explore your issues and try to ascertain what's occurred.

Originally Posted by ;

IBFX along with the Interbank FX team does not control prices, delay execution or intervene in our clients trades at all. We are a controlled firm in Australia by both NFA in the US and ASIC.

Please send a message to: help in IBFX.com attn: Drew Izzo together with your account # so we could investigate your problems and try to ascertain what's occurred.

Dude, you have difficulty of undersanding the issue. KumoDragon is saying IBFX disconnecting us from the server during news time

Originally Posted by ;

IBFX along with the Interbank FX group doesn't manipulate prices, delay execution or intervene from our customers trades at all. We are a highly regulated company in Australia by both NFA in the US and ASIC.

Please send a message to: help at IBFX.com attn: Drew Izzo together with your account # so we can investigate your issues and try to ascertain what's happened.

Nice try at trying to seem like you give a phuck.

Already sent e-mails (no reply) and talked with chat on the internet. The only response I got each time was that it's a tech issue and they are working with it.

I have also called.

And It is not MY Matter. It is IBFX. They're disconnecting as news hits. It is like clockwork every time a big news event hits.

My net connection is up each moment.

Originally Posted by ;

however... isn't the point that you simply go ecn once you start pushing enough volume, and being ecn the spread is smaller due to the broker no-longer padding their charges into the sensed spread and instead you simply pay a flat fee per transaction? The larger the volume you push the LESS?

No not really. The purpose of in concept, an ECN. Is that as a trader you believe an ECN, isn't likely to play games like stop search you and trade against you and or delay price to fake you out.

Having an ECN you still pay the disperse, which you need to beat to maintain profit and cover off their commision wether you win or reduce the transaction. Effectively it ups the disperse you need to beat before profit by whatever their commission is.

Having an ECN. You have a spread AND cover commsion.

Originally Posted by ;

No not really. The point of in theory, an ECN. Is that as a trader you think that an ECN, isn't likely to play you and commerce against you and or delay price to fake you out.

Having an ECN you still pay the spread, which you have to beat to be in profit and pay their commision wether you win or lose the transaction. Thus it ups the spread you have to beat before profit by what their commission is.

Having an ECN. You own pay commsion AND a spread.

Trade futures. And you will see how much cheaper the commission price structure is. You pay no spread at all. . Whaaa!!