IBFX manipulation or lag?

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05-12-2011 03:18
camlllmvm20

IBFX manipulation or lag?

lol couldnt take profit chart froze and cant re-log until price went to strike my SL. . Luckily SL was put!
https://www.nigeriaforextrading.com/...9412218584.jpg
https://www.nigeriaforextrading.com/...1571933326.jpg
08-17-2023 07:31
camlllmvm20

I dont know ibfx rather trusted? Maybe its only the server lagged? But this is my first time encountering this.

So that I'll only excuse this one. But if this happends again I may start looking into other broker.
08-17-2023 08:52
lemesamfp

Quote:

Originally Posted by ;

I dont know, isnt ibfx rather trusted?

NO!! Its mostly a newbie shop. Experienced FX traders avoid MT4 and the ones that use it like MB Trading, Oanda, ATC Brokers, FinFX and authentic ECN's off the top of my head. IBFX is a fantastic shop for everything but trading. (deposit, withdrawal, site, contests, freebies). They perform with the feed a bit. (at least they did when I was a customer and I don't hear them mentioned in serious FX conversations. Training Wheels.)
08-17-2023 10:12
julipkpg

Quote:

Originally Posted by ;

NO!! Its largely a newbie shop. Experienced FX traders avoid MT4 and those that use it like MB Trading, Oanda, ATC Brokers, FinFX and true ECN's towards the top of the head. IBFX is a good shop for all but trading. (deposit, withdrawal, website, contests, freebies). They play the feed a bit. (at least they did when I was a customer and I don't hear them said in serious FX conversations. Training Wheels.)

I am going live with them later today. I can note that on the demonion, the spreads do whipsaw a bit. If running an EA, best to get a spread monitor that may disallow trades if spreads exceed xx.x pips. Very useful. I had the alert 1 pip above their average spread, which is still greater than many brokers (except maybe fxcm).

The things we do to nano-lots (100 units lot of base currency). Https://www.nigeriaforextrading.com/...1528039842.png

Honestly, it's a good alternative for non-us customers. I can agree that there are different choices out there. MT5 will change a lot of things.

I also agree with Aja in the sense that a broker with enough cash can have someone plan their own custom virtual trader. Technically currenex and other liquidity providers already provide brokers with this ability. The entire digital trader thing was only bad press for metaquotes. Retail forex.
08-17-2023 11:33
Jokflan723

Quote:

Originally Posted by ;

Beginning Monday June 27th, 2011, Interbank FX will institute a three minute daily trading halt from 21:00 GMT into 21:03 GMT. After much research it's been determined that low liquidity during this time period is resulting in an unstable trading atmosphere. This trading halt is essential to supply you, our valued clients, with the best trading experience possible.
If you have any questions or concerns, Customer Service is always available to help you by telephone or chat at http://www.ibfx.com/Contact
Thanks for your continuing support.
Interbank FX

A 3 minute trading halt for a 24 hour market... what will they think up next. Https://www.nigeriaforextrading.com/...1528039842.png

full blown manipulation at this time and blatant at that.
08-17-2023 12:54
julipkpg

Quote:

Originally Posted by ;

A 3 minute trading halt for a 24 hour market... what will they think up . Https://www.nigeriaforextrading.com/...1528039843.png

full-blown manipulation at this point and obvious at that.

It is not uncommon for a daily reboot or maintenance window of any sort for financial markets. 3 minutes is really pretty great. MBT is 10-15 minutes. GoM can at times be 3-7.
08-17-2023 14:15
ComlesCamlll

Quote:

Originally Posted by ;

A 3 minute trading halt for a 24 hour market... what will they think up . Https://www.nigeriaforextrading.com/...1528039843.png

full blown manipulation at this time and blatant at that.

There nothing blatant in Any Way, most ecn have a downtime, although IBFX is not a ecn but I can understand why they have a down time
08-17-2023 15:36
Jokflan723

Why are there brokers out there which advertise zero downtime, and my preceding broker even advertised no loopholes.

How can they do it when others can not?

It appears unprofessional to make excuses for them. If you are running a professional company you would make certain there is not any down time, you build in reduny to account for servers that may want to be rebooted occasionally.

There's not any excuse good enough IMHO.
08-17-2023 16:56
lemesamfp

Hmmmmm.... Same'Ol IBFX - However enjoying matches, nevertheless cheating people. That sounds suspiciously like the Virtual-Dealer plugin (or custom programmed equivalent so they could deny utilizing VD)