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  #1 (permalink)  
Old 06-15-2009, 06:05 PM
Senior Member
 

Join Date: Sep 2008
Posts: 276
Default How about Interbank FX Trader 4?

Thinking about opening up a micro account with them.

Anyone use them? Good for micro? Easy withdrawal? Minimum starting balance?

Just looking for a good, honest broker for a micro account with MT4 platform.

Thanks,

-FP-
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Old 06-17-2009, 05:57 PM
 

Join Date: Jun 2009
Posts: 1
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I use them and started an account with as little as 200 bucks. There actually local to me and I have taken a tour.
Easy to get money in and out, 20 dollar fee though to deposit via pretty much anything. I used CC. I am not sure how that compares.
Spreads don't seem rigged and if the price changes mid buy/sell it will ask me if i want to still do it. Iv seen it go in my favor.

My buddy has used them for about a year. 0 Issues. Really good customer support via online chat.

I would recommend for sure.
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Old 06-18-2009, 11:02 AM
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Join Date: Jun 2008
Posts: 12
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My friend and have had IBFX for over three years and have had no problems with them. They have great customer support.
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Old 06-24-2009, 01:51 PM
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Join Date: Jun 2009
Posts: 21
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They are actually great I have a micro account with them right now and have had zero issues. They do charge if you want to deposit via credit card or withdraw through direct deposit but if you send in a check its free and they have a deal with a bank so you can withdraw money in about 10 minutes if you have an account with them.

Customer service is amazing and price is not rigged I have not seen anything fishy.

I would recommend them any day.
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Old 06-25-2009, 04:15 PM
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Join Date: Apr 2009
Posts: 125
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I use ac-markets and they are pretty good. Their mini account is 2000, (I have the standard account).
Good spreads, they own their software so hardly no technical problems. And they will become a Swiss bank in the next few months, so no problems or deposit or withdraw.

I advice you try the demo first (in any broker) to try the platform and see if you feel comfortable with it
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Old 06-25-2009, 05:06 PM
Master Contributor and Member
 

Join Date: May 2007
Location: southern MN
Posts: 468
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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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Old 06-25-2009, 05:42 PM
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Join Date: Jan 2009
Posts: 120
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Quote:
Originally Posted by dobro View Post
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
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
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Old 06-25-2009, 08:31 PM
Master Contributor and Member
 

Join Date: May 2007
Location: southern MN
Posts: 468
Default Hess

"Dobro I think you mean 30 pipetts its the same as 3 pips"

I don't think so - when I post a Stop order in the evening I get a msg that "entry price must be 30 pips from current price." Ridiculous. But even if that was not so the requotes drove me wild; I missed a fast 40 pip move by getting 3 requotes in a row. The action was over by the time I could get in.

Oanda is by far the best even with their limited platform. TSs is still in beta! But their funded platform is even better than the demo and they absolutely have the best news of anybody, no reason to pull up Bloomberg. d
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  #9 (permalink)  
Old 06-27-2009, 08:55 PM
 

Join Date: Jun 2009
Location: USA - Georgia
Posts: 7
Send a message via Skype™ to dlprentice
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Quote:
Originally Posted by dobro View Post
"Dobro I think you mean 30 pipetts its the same as 3 pips"

I don't think so - when I post a Stop order in the evening I get a msg that "entry price must be 30 pips from current price." Ridiculous. But even if that was not so the requotes drove me wild; I missed a fast 40 pip move by getting 3 requotes in a row. The action was over by the time I could get in.

Oanda is by far the best even with their limited platform. TSs is still in beta! But their funded platform is even better than the demo and they absolutely have the best news of anybody, no reason to pull up Bloomberg. d
Why don't you try SummerStreet FX they offer no re-quotes and no slippage and you can fund with Paypal. Plus spread is low, and you can use MT4 with no dealing desk with real-time execution. (I sound like a totally advertiser huh sorry just trying to help people out.) I talk with them often via Skype or the phone so yeah but hey if you do decide to sign-up man can you do me a favor, and mention my name to Dom is the VP of business their and he will tell you all about me, and so that way you will know whether or not I'm bs'ing you guys which I'm not I love these guys.
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  #10 (permalink)  
Old 08-25-2009, 09:25 AM
 

Join Date: Aug 2009
Posts: 1
Default

Quote:
Originally Posted by dobro View Post
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
I have nothing bad to say about IBFX, I feel they have a decent system. I get an occasional requote and that is annoying, but I'll tackle your 30 pip issue.

IBFX has both 4 and 5 decimal pricing depending on which server you are on. Sounds to me like you are looking at a 5 decimal price feed. If you are only trading for a 5 pip profit, you should be looking for a broker with smaller pip spreads.
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