Brokers DARK SIDE! - Page 3

kjhfdgjfhdghdf · 01-14-2008, 06:55 AM

efx is mbtrading why would you use them and not go straight to mack bradley stevens? Efx give you the exact same platform and probably raise the commissions and spreads.

elricogrande · 12-26-2008, 02:39 PM

Quote:

Originally Posted by Fulltime247

IBFX is crap!!! if your EA likes volatility then IBFX is *NOT* your broker. they smooth their data excessively!!! it can be sickening to compare their charts to other brokers.

others have spikes and dips YOU WILL NEVER SEE since IBFX smoothes the data soooooo...... much!! my EA is 2-3x more profitable with other cleaner brokers. they freeze the feed. widen spreads to ridiculous points and even widen when there is no news. they have hands-down the best organization (funding, withdrawal, transfers) but the worst feed!!

IBFX is designed to break EA's - the data is %$@#! so much that your INDICATORS DONT WORK ON THEIR PLATFORM!! Your money and EA is helpless against them - Just one dangerous example: in the real world prices dont smoothly go up and down. these are actual lots being bought and sold so in reality the price ratchets up and down fairly wildly *while* it follows the prevailing trend - this is the data that your indicator needs to work. it needs to see that the highs are going higher or the lows are going lower. IBFX smooths the tops and bottoms off of EVERY TICK. your EA never gets that valuable volatility info and if you adjust your EA to react to the smoothed version of the tick you will get a ridiculous number of false alarms since you have to react to near normal ranges. THIS MAKES EVERY INDICATOR YOU OWN WORTHLESS.

Poke in the Eye #2: You WISH the Live Feed was swapped with the *Demo* Feed - Ha! (Its mostly unfiltered and unsmoothed. So dont get excited by great demo results - that only proves they get better data than they provide to Live customers. My live vs. demo results were shocking!! the demos indicators worked, chart bars more volatile, etc., the demo account made money while the live shutdown at the maximum loss point *AND* the charts looked dramatically different - Even my 2 day live vs demo test has 3 less trades because of the weaker feed.)

you have been warned........

(lol: been waiting to burn em but wouldnt until i wired my money out. Whew... i feel better now

)
P.S. Kiddies always run your EA on Demo and Live per broker - thats the easy way to catch the scammers. Im always comparing at least 2 brokers to find better execution, spreads and service. the day i crashed on IBFX, 3 others charts (including IBFX Demo) showed identical but different EA results from IBFX Live. BUSTED!!)

I understand your frustration, but please keep in mind that for the majority of traders out there, those spikes mean nothing but trouble. Don't go calling IBFX crap just because they don't suit your trading style. There are plenty of traders who can do just fine without spikes. You don't like it, so you did the right thing and found yourself a broker that suits you better. No reason to crap all over them. I've had a few beefs with them (like when they introduced ridiculously high overnight interests a few months ago to lure in traders), but still, the fact that their data is smooth can only be a good thing for most traders.