Quote:
Originally Posted by dobro
I closed my acct with IBFX; great customer service and plenty of tips or educational memos throughout the week but requotes, server busy, and 30 pip entry price away from current price for BuyStop, SellStop orders was too much for me. I was looking for 50 pip profits but the entry had to be 30 pips away, why bother? d
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Dobro I think you mean 30 pipetts its the same as 3 pips
I've been with them for some time but i'm not happy something just doesn't seem right, the amount of requotes its crazy. When I inquired with them they said it depends on our liquidity providers but thats not the way it works. I don't want to get into it but thats definitely not the reason for requotes. MBT is a true ECN and doesn't have requotes, same with FXCM currenex.
Another thing is that their spreads are very high they used to be among the highest in the industry they've reduced them recently but still quite high.
Other than this I haven't had any problems, one thing I must say that customer support is outstanding. If they were an ECN it would have been the perfect solution.
I'm looking to change but you could try them and see if it suits you. I don't trust their order handling but I think its all a matter of personal choice