[martyn down]

Interbank Fx rigged?
Anyone else noticed how Interbank FX manages to pick up your stops, buy stops, or stop limits and then suddenly reverse. This never happened on the dummy account... I wonder why? I have been watching and suffering the consequences of this for 5 months now and I am very suspicious that there are two markets – one for major professional clients and the other for private individuals. The latter is manipulated to hunt and capture stops within a reasonable reach. After all no two brokers are quoting the same prices at the same time so who knows what the real pairs cost is. How convenient!
I have never had success with setting stops. I widened and widened stops and found I had to lose a minimum of 40-50 pips before I got any form of safety. Under that they miraculously got picked up and then turned to cost me. This happens so frequently that it is way beyond the 50/50 luck element. I was forced to do my stops mentally. Not an easy task given I live in an awkward time zone and most activity takes place when I should be sleeping.
Put simply I believe Interbank Fx is money making machine with a slick interface that gives you the illusion you are in totally in control. So if you use it beware with a capital BEWARE. Better still, close your account and do more homework to find a genuine broker. It will save you a heap of money.