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I don't want to rate it, but instead I will describe my experience with them.
I have a live account since the begining of 2012, and I have been trading on demo also with them 1-2 years earlier.
My account is 150% and have been very satisfied only until recently (about 2 month ago) when some issues started to anoy me.
Every time a big move in the market was ongoing (usualy important news) the plaform freezez and it comes back when it is too late to do anything.
My trading style depends 100% on personal chart alalysis, NO indicators, NO EA's etc... So beeing 100% able to operate at anticipated moments is essential for me. Due to the described issues, it became imposible to do it.
More disturbing are the answers to the many report I made, which are all the same - "We are aware of the issue, and our team is trying to solve it asap. We do not have an ETA". As I said above, it lasted for at least 1.5 months. IT IS OUTRAGEOUS TO TREAT SUCH AN IMPORTANT PROBLEM LIKE THIS AND LET IT LAST FOR SO LONG. IT IS SUSPICIOUS THAT THE ISSUE IS NOT SOLVED.
Now I took a break for almost 3 weeks as couldn't handle my nerves.
Of course, one time as I had an open trade during a freezing period and couldn't close it at a certain price (seen at other broker) they did refund my account with the right amount. But this is not a good way to monitor your trades. And I cannot enter trades either during these moments.
During my experience with them I had no other issues. I did not have the spike issues described by others, as for the diferences in candle patterns it is normal and if one does not know the reasons for why it is happening, then it only means that he/she is a beginner ang has still a lot to learn.
Many times the price avoided my TP levels at less than 1 pip or my SL was hit and imediatly the price moved the other way, but also it happened as many times viceversa. The TP was just hit and price moved the other way, or SL was avoided by less than 1 pip.

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Grogy - Yes I have the same problem. I was wondering if anyone had that problem too. Also, it procrastinates until you get out the loosing trade & then reverse to the positive direction which you where waiting. I would do well for a 3-4 days then loose all what I made, and have to start all over. Just want to say beware.

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@eddie - The forex market isn't on an exchange, and it isn't regulated by any one regulatory body, which means that any broker can offer any price they want. I've traded with Interbank FX, and I know that they get their prices from a pool of banks, and they also pass trades onto these banks. And I know that a lot of brokers out there feed their clients what ever prices makes the broker the most money.

Maybe, and just maybe, it's your EA that s*cks (as do about 98% of all EAs out there), and it's your EA that's a SCAM.

And one last thing: have you ever heard of a period or any other form of punctuation? You're not exactly making a compelling argument for yourself in the way of intelligence. Your post should be removed on the basis of sheer inanity.

i just closed my account with that broker same thing every time i make money & at the same time im looking at different broker spreads it was different even the candlestick pattern was different basically they were controlling they said i could use EA never could for some reason it will not work same controlling it they are SCAM

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I've traded live for a year with IBFX and had a 41% ROI. However, I've been reviewing other brokers recently and came across many sites that call IBFX a scam. I'd be hesitant to call them a scam myself, since I know I can make money.

That said...I have noticed the spikes other people refer to. I stopped using a set stop loss a while back since I always lost money when I did that. Also, I've been suspicious for some time of a particular activity. I trade on larger scale time frames and put my trades in a minimum of days, but often weeks or a couple of months before the trade takes. Here's what's interesting - no matter how much I try to play it safe and bring my entry or exit point within a safety range, it always reverses within 1-4 pips of my entry exit. I mostly close my trades manually and early to avoid this.

I assumed it was just bad luck on my part (despite this happening a good 30 times this year, which is a lot considering I only place 6-8 trades per month at most), but now I wonder. Perhaps they are making minor adjustments in pricing on my software to avoid let me cash out on good trade or enter on a good one?). I've presumed I've been paranoid to this point, but maybe not? Also, how might the delayed price feed allow them to perform small price adjustments like that in their favor?

Watch out! If you start to win they'll hit you hard with slippage, frozen feed, account disconnections, and the inability to enter trades or exit trades with their error message "Off Quotes".... "Off Quotes".... "Off Quotes." Even when I have maximum deviation set to the maximum setting the "Off Quotes" message appears and prevents me from entering at an optimum moment. The same with exits. I have been using IBFX for a few months and had been relatively satisfied until recently. Recently I installed OU Forex Mastery software and started identifying better points of entry and exit, catching nice moves. Almost instantly after I installed OU Forex Mastery the entire performance and behavior of IBFX radically changed. Suddenly "Off Quotes" appears almost every time I try to enter an order, or close an order. The data feed from IBFX now freezes and when the chart resumes I found there has been a big jump during the frozen feed. The account suddenly disconnects at the most inconvenient times for me interfering with my trading results. It's now suddenly impossible to enter a trade or close a trade without bad slippage. Terrible! Friday afternoon I tried to exit a position before the market closed. I got the error "Off Quotes" over and over until the market closed. I was not able to close my position before the market closed for the weekend. With the major gaps that often occur lately over the weekend, I am very, very displeased with what IBFX has done to my account.

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IBFX was the first broker that I used back in 2006. I do remember the Same problems as with MOST mt4 brokers.. Delayed execution, and I could NEVER close a Profitabel trade without a Requote. I moved to FXCM quickly after IBFX and I was Happy for a Long time. BUt....Check out my experience with FXCM

I would like to Encourage Any trader that Has Lost money FROM Faulty execution, platform lockups etc to document your experience and share the information to others in a Visual way. I have included 1 of my many experiences with FXCM.. I will add more experiences with other brokers soon..

Please participate and PROVE to others, what brokers are GOOD and what Brokers are SCAMS

Stay far away from this one! I opened a demo account about a month ago and did fairly well. I then opened a live account and saw $3000.00 become $300.00 in one week. I have a broadband connection and experienced screen freezes, large spikes in the opposite direction taking out my positions and returning to previous levels, and requotes which were never in my favor. Warning! You will not make money with this broker.

OK until you start making money and then it's "re-quote, no trading etc etc." Typical loathesome Meta Trader outfit. Stay away from them.

last night I just watched eur/usd and gbp/usd at19.52 pm 03/05/2010
tank 600 pips,when I tryed counter move the spread was 600 pips on both
,the move now does not show on the charts but both trades lost 5,192 and 7342 respectivly in about 5 mins,I was testing before going live this broker,I would have been very pissed if live.I am strugling to find a good broker with mt4 platform

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I have been doing trading with ibfx but I wish I get any profit I have been loosing money every week.

I have an account with Interbank Forex for over 3 years and I have not made any money. Again thier spreads are to high. What I think is they have a lack of liquidity. They are not a non dealing platform. I also think they had lost hundreds of customer due to the same reason.

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They are ok.Not great not a scam either.
The ones rating them as a scam are just noobs.
They are a budget broker.
I don't use them anymore because of connection issues.
Commissions 99 cents per side for ES mini futures I got when trading 1000+ contracts.
And I pay $3.5 a side now through RCG for under 1000 because they never d/c you ever.
You can connect ninja trader to them which is better.But it takes to long to load historical data.
So you are better off just storing live data from the price feed from TWS that ninja trader makes into bars from the ticker.
Ninja has millions of indicators you can learn to make your own, or pay a dude to make them, and auto trading scripts.
Anyone wanting to use Ninja Trader I recommend going to there webinars to teach you to use it.
Because it took me 2 years before I got the hang of it.
Its very advanced.

Is interbankfx a scam?

they claim to be a non-dealing desk, but yet they use meta trader, the same program that has a "virtual dealer plugin" which can be used to scam customers

Today is the 4th of July and they closed the trading platform with no advanced warning to their clients, they just closed on client\\\'s opened trades. They also had spreads widen 6 pips today with no economic news. Yes all of the horrid reviews you read about IBFX is true, they are the crooks that you read about. Stay away, even if you are a seasoned trader like me. New traders definitely stay away, or they will skin you alive and rob you blind in plan sight with all kind of platform crashes, especially if you have a trade that is really going in your favor in a big way, then your platform will mysteriously repair in self when your trade is going against you. If you open a trade with them and it is going your way, please for your sakes do a trailing stop to lock in your profits of have a TP level, and if it is a really big trade, they still may not close it once your TP is hit. I have had to close my TP\\\'s manually on quite a few occasions. Also their re-quotes are ungodly. Just watch them

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Not the best, not the worst. Spreads get out of control sometimes. Occasionally, the platform freezes, but not as often as it used to.

Yeah I have had the same issues.

Their charts spike up and down and don\'t match other charts. They spike up and down to trigger stops and kick you out. I\'ve been using them for about a month and got wiped out.

To be fair though one time their charts spiked and I couldn\'t find the same spike on the FXCM (also scam) chart and it triggered my stops because it spiked over 40 pips and came right back down 40 pips in a matter of 2 minutes. It looked really odd and it pissed me off that I couldn\'t find it on other charts. They did refund me the money but I could have made a lot of money if that didn\'t happen because the trend went my way by a lot of pips. They refunded my money a few days later, too late for me take advantage or conduct anymore trades.

Their charts are easy to read and their platform is pretty intuitive but who cares when they go stop hunting and wipe out their customers money.

There\'s a reason why the three partners of Interbank FX each made $300 million dollars last year.

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I belive this broker. I transaction have here more 2 year. Till now I am trading there is no problem. Sulfur They give service based on regulation. If you find some problems with your platform. look back your connecting(ISP), your OS platform mabye there are some damage register.

I found IBFX to be dishonest in their practices. Like most Market Makers (although they claim to be non-dealing desk which is b.s) they manipulate the pricefeed for their own advantage. Many times I would be requoted which makes trading successfully almost impossible under these conditions. Lets face it..trading is hard enough without having to deal with these scumbags who on the surface appear to be all above board and licensed by NFA, CFTC etc. but the truth is they don't care and will do everything they can to rip you off and leave you penniless! Notice the NFA has fines Interbank FX $100,000 recently for deception. The standards and regulation in this industry have a long way to go. The sooner FX trading conducted via an exchange, the better. It will make the bastards honest.

Good Luck!

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I have been trading with Interbank FX for 3 years. I have NEVER seen any indication that they are anything but helpful. When I first started trading they encouraged me to not trade real money until/unless I could be consistently profitable in a demo and then to start with a mini account. They warned me about having the best entry and exit strategy but then over leveraging a position so that a small move in the market could result in a stop out. Their customer service is knowledgeable, helpful and friendly. In the 3 years that I have traded with them they have had a number of technical issues, their servers froze or crashed. EVERY SINGLE TIME they have done right by me. If there was a chance I could have made money they creditted me.

I have a lot of mediocre days, but I have some great days. I started with a $500.00 mini account, built it up so that now trade a $50,000 account that provides me a reliable return of 4 to 6 percent every single month.