to all members of fx tsd... i'm newbie... still on demo..

lots of trader having much their problems with their brokers...

let all of us Share on Brokers DARK SIDE! here...

at least we can have precautions on these brokers...

share ur broker problems here too n if u have some proof like pic n so on let share with fx tsd other members... tq all fx tsd members

** i'm deciding to choose a fx broker recently..

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Storm myfavForeX Blog :: http://forexstorm.blogspot.com
NEW era of MAKING money :: http://www.mywangpos.com

Listen, I've never had a problem ever with my broker. I can be within 1 pip of my stop loss (and trust me - I've been there probably 25 times in my career) with the price staying for minutes at a time within that 1 pip w/o it ever being taken out. I can get my broker on the phone within seconds of dialing. I get my trades filled within a second or two. I NEVER take a trade with more than 2 pips on the EUP/JPY GBP/JPY and [b]sometimes w/o a spread at all If you're not paying commission, you're most likely not trading for a career. I don't care what you hear on these forums. You're listening to bucket shop demo mini micro kiddo traders.

This is NOT REAL TRADING.

Get a real ECN, COMMISSION BROKER! VERY SIMPLE! Why you hear these so called horror stories?

Because you're spending too much time on forums that traders I know never even used or heard of.

Good luck

tq pip trip... nice comment given... i'm just newbie in this arena...

what do u mean by this pip trip Get a real ECN, COMMISSION BROKER! VERY SIMPLE! Why you hear these so called horror stories?

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Storm myfavForeX Blog :: http://forexstorm.blogspot.com
NEW era of MAKING money :: http://www.mywangpos.com

I fully agree ECN brokers are the choice to make, and yet they are not suitable for automated trading simply because integration betwenn MT4 and ECN is lousy up until now. It does work for some ECN brokers though only for accounts exceeding USD 100k and yes there are some APIs in place, though I have not seen so far anyone pointing out "ECN broker X allows MT4 platform with ECN feed and ECN spreads for retail customers".

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!!)

Attached Images

IBFXBurn.jpg (131.0 KB, 340 views)

Even ECN's though are not a utopia, take Interactive Brokers recent woes.
But at least they are not trying to f**k you from the get go.
You have to be careful with commission, in EFX's case the commission + the spread is simply not worth it.

I have an account with Interbank & I have seen two shockers so far...
1. Bleeding though ticks over just before open to get EA's to open positions before gapping the price.
2. I watched 2 profitable trades simply close for no reason, both were >80 pips from their respective stop losses.

But they do send me a xmas card!

with FXDD and FXCast No problems so far

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regards

Adrazz

Add FXDD to the poll.

add fxopen "the best pro scam "

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MaXeY
Professional Trader and Forex Funds Manager

+1


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