The complaint above has the name signed "Felix Homogratus".
I do not think it is the same Felix Homogratus, as the owner of that site with the same name has a different opinion.

From: Felix Homogratus, USA
Rating: Not Rated
Date of Post: 02/11/06
Review: I do not have any experience with this broker. If you used them, please submit your review below.

Please check this link http://www.forexbastards.com/Interbankfx.shtml

I traded with real money with IBFX for 10 months.
They had some connection problems and bugs in their Metatrader4 platform in the past that have been mostly corrected now.

Only people I know who had major problems were those who were running strategies that does not involve stop losses. These strategies can be very profitable, at the same time very risky when there are outages of the broker server or there are huge spikes in prices. These people ran these strategies for several months in a row making a lot of money. They got too confident and did not pay attention to dangers involved in trading them. Also, they used bad money management by not using very low lot sizes in comparison to the account size.

I too have used these kinds of strategies on a small account using smallest lot size possible and was able to withstand drawdowns and IBFX server connection problems. I traded 0.001 lots per $10,000. I came out a winner making modest gains, while others got their accounts blown out or suffer significant losses in the end.

On the whole, I am satisfied with IBFX, but I think they have some room to improve. They are a small broker that does not trade against clients.

It is going to be mighty difficult to sue and win against IBFX since the Forex market is not regulated, and because of the cluase that is in the contract you sign when you opened your account with them.