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  #181 (permalink)  
Old 10-01-2008, 06:50 AM
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Quote:
Originally Posted by ElectricSavant View Post
Dear Customer,
New swap rate changes below. Changes will be in effect immediately. Please remember that swap is TRIPLE on Wednesday. Mini account rates are one tenth of the Standard rates listed below.
PLEASE NOTE *
Due to the recent volatile activity in the worldwide credit markets and the consequent affects this has had at banks and financial institutions, including those that Interbank FX has relationships with; you will notice that the changes in the rates are more volatile than normal. Please take this change into consideration in your trading.
At Interbank FX, we work hard to give our customers excellent trade execution for an efficient Forex trading experience and will continue to work toward this goal. Thank you for your business.

STANDARD's
pair buy sell
AUD/CAD -12.63 -0.99
AUD/CHF -10.51 -2.63
AUD/JPY -8.89 -4.22
AUD/NZD -24.75 8.73
AUD/USD -12.70 4.00
CHF/JPY 6.78 16.78
EUR/AUD -17.58 13.51
EUR/CAD -24.57 0.21
EUR/CHF -20.80 -2.71
EUR/DKK -11.82 47.31
EUR/GBP -28.58 6.81
EUR/HKD -21.08 0.04
EUR/JPY -17.91 -5.54
EUR/NZD -46.16 17.52
EUR/USD -24.70 9.10
GBP/CHF 2.02 19.83
GBP/JPY 5.68 23.41
GBP/NZD -30.02 5.74
GBP/USD -2.90 -4.90
NZD/CHF 5.85 15.81
NZD/JPY 7.23 17.16
NZD/USD 4.00 10.20
USD/CAD 0.09 -6.31
USD/CHF 2.77 -8.39
USD/CZK 0.18 -0.19
USD/DKK 9.15 40.08
USD/HKD 2.58 -6.44
USD/JPY 4.82 10.40
USD/MXN -11.74 7.83
USD/PLN 7.47 11.83
USD/SGD Zero 13.99
USD/ZAR -26.05 18.77

I think that is a good example of fraudulent rates
AUD/JPY -8.89 -4.22
EUR/JPY -17.91 -5.54

How come the swap is better on the side of the pair with the lower interest and horrible on the side of the pair with the highest interest.

I guess it is an attempt, as currencies like AUD and EUR have gone down quite much lately, to avoid traders enters on carry trade at a cheap price on pairs like AUDJPY and EURJPY. It is quite clear if you see the swap for all AUD pairs that they want to forbid you to go long AUD.
Swap rates are defined by the difference on interest of the currencies. The rates for AUD and JPY have not changed in the last few weeks (last move was when AUD was dropped to 7%). The blah blah about volatility is really laughable ! The banks have problem, so you traders should pay !

Fortunately not all brokers are cheating like this and some keep correct swap rates.
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  #182 (permalink)  
Old 10-01-2008, 08:15 AM
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yes but who?

Which brokers still have the correct swap rates?
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  #183 (permalink)  
Old 10-03-2008, 08:04 PM
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Dear Customer,

New swap rate changes below. Changes will be in effect immediately.
Code:
	
           Standard                         Mini
Symbol  Buy	Sell		Symbol	Buy	Sell
AUD/CAD	-$2.41	-$13.38		AUD/CAD	-$0.24	-$1.34
AUD/CHF	$0.78	-$14.71		AUD/CHF	$0.08	-$1.47
AUD/JPY $2.30	-$21.94		AUD/JPY $0.23	-$2.19
AUD/NZD	-$13.95	-$5.45		AUD/NZD	-$1.40	-$0.55
AUD/USD	$0.10	-$11.30		AUD/USD	$0.01	-$1.13
CHF/JPY	$3.27	-$15.92		CHF/JPY $0.33	-$1.59
EUR/AUD	-$19.04	-$6.32		EUR/AUD	-$1.90	-$0.63
EUR/CAD	-$3.45	-$10.19		EUR/CAD	-$0.35	-$1.02
EUR/CHF	$2.21	-$12.55		EUR/CHF	$0.22	-$1.26
EUR/DKK	-$9.16	-$21.73		EUR/DKK	-$0.92	-$2.17
EUR/GBP	-$10.18	-$3.86		EUR/GBP	-$1.02	-$0.39
EUR/HKD	$4.54	-$15.36		EUR/HKD	$0.45	-$1.54
EUR/JPY	$4.90	-$25.37		EUR/JPY $0.49	-$2.54
EUR/NZD	-$23.91	$3.88		EUR/NZD	-$2.39	$0.39
EUR/USD	$1.00	-$6.50		EUR/USD	$0.10	-$0.65
GBP/CHF	$4.96	-$22.19		GBP/CHF	$0.50	-$2.22
GBP/JPY	$8.43	-$38.70		GBP/JPY $0.84	-$3.87
GBP/NZD	-$28.68	-$1.03		GBP/NZD	-$2.87	-$0.10
GBP/USD	$3.40	-$14.40		GBP/USD	$0.34	-$1.44
NZD/CHF	$5.58	-$14.91		NZD/CHF	$0.56	-$1.49
NZD/JPY	$6.88	-$21.09		NZD/JPY $0.69	-$2.11
NZD/USD	$5.00	-$12.00		NZD/USD	$0.50	-$1.20
USD/CAD	-$3.23	-$2.68		USD/CAD	-$0.32	-$0.27
USD/CHF	$0.88	-$4.40		USD/CHF	$0.09	-$0.44
USD/CZK	-$5.54	-$4.43		USD/CZK	-$0.55	-$0.44
USD/DKK	-$7.38	-$11.07		USD/DKK	-$0.74	-$1.11
USD/JPY	$2.84	-$13.71		USD/JPY $0.28	-$1.37
USD/MXN	-$13.62	$6.93		USD/MXN	-$1.36	$0.69
USD/PLN	-$10.12	$2.02		USD/PLN	-$1.01	$0.20
USD/SGD	-$4.14	-$13.79		USD/SGD	-$0.41	-$1.38
USD/ZAR	-$33.10	$26.00		USD/ZAR	-$3.31	$2.60
IBFX

Last edited by Passion Trader; 10-04-2008 at 09:27 AM.
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  #184 (permalink)  
Old 10-07-2008, 06:17 PM
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sweezer is on a distinguished road
I blow my free usd25 given from ibfx.... over trade
__________________
Cool website www.fxuniqlo.com give your opinions and suggestions
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  #185 (permalink)  
Old 10-09-2008, 04:02 PM
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IBFX - Strange Bars

Hi there,

I have noticed some strange bars with IBFX that look suspiciously like "stop hunting" and I would appreciate feedback from any forex gurus out there to see what your take is on this.

IBFX's server is UTC(0) and the chart/times in question is GBPUSD M1 at 21:06 and 21:12 on 6th October 2008, see attached files IBFX-Live.jpg and IBFX-Demo.jpg for the screenshots.

For comparisson I have attached screenshots for Alpari and FXDD.

Alpari's servers are UTC(+2) so the times in question for Alpari are 23:06 and 23:12 on 6th October 2008, see attached file Alpari.jpg.

FXDD's servers are UTC(+3) so the times in question for FXDD are 00:06 and 00:12 on 7th October 2008, see attached file FXDD.jpg.

If you look at the IBFX-Live.jpg and IBFX-Demo.jpg screenshots you will see that at 21:06 there is a massive spike low of 1.7396 and it closes on this low. The open for this bar was 1.7450 and the volume was only 8. In effecta spike down of 54 pips on just 8 volume.

The very next bar at 21:07 opens at 1.7442 an immediate spike up of 46 pips which seems volatile in the extreme.

The IBFX-Demo screenshot shows these same volatile spikes as IBFX-Live.

However looking at Alpari and FXDD for the exact same period they show none of this extreme price movement, see accompanying screenshots.

If this just the way forex pricing works in practice or is it indicative of something else going on?

Regards,

Laurence.
Attached Images
File Type: jpg IBFX-Live.jpg (213.6 KB, 196 views)
File Type: jpg IBFX-Demo,.jpg (209.5 KB, 193 views)
File Type: jpg Alpari.jpg (232.1 KB, 194 views)
File Type: jpg FXDD.jpg (227.9 KB, 193 views)
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  #186 (permalink)  
Old 10-17-2008, 06:16 AM
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Quote:
Originally Posted by lhookway View Post
Hi there,

I have noticed some strange bars with IBFX that look suspiciously like "stop hunting" and I would appreciate feedback from any forex gurus out there to see what your take is on this.

IBFX's server is UTC(0) and the chart/times in question is GBPUSD M1 at 21:06 and 21:12 on 6th October 2008, see attached files IBFX-Live.jpg and IBFX-Demo.jpg for the screenshots.

For comparisson I have attached screenshots for Alpari and FXDD.

Alpari's servers are UTC(+2) so the times in question for Alpari are 23:06 and 23:12 on 6th October 2008, see attached file Alpari.jpg.

FXDD's servers are UTC(+3) so the times in question for FXDD are 00:06 and 00:12 on 7th October 2008, see attached file FXDD.jpg.

If you look at the IBFX-Live.jpg and IBFX-Demo.jpg screenshots you will see that at 21:06 there is a massive spike low of 1.7396 and it closes on this low. The open for this bar was 1.7450 and the volume was only 8. In effecta spike down of 54 pips on just 8 volume.

The very next bar at 21:07 opens at 1.7442 an immediate spike up of 46 pips which seems volatile in the extreme.

The IBFX-Demo screenshot shows these same volatile spikes as IBFX-Live.

However looking at Alpari and FXDD for the exact same period they show none of this extreme price movement, see accompanying screenshots.

If this just the way forex pricing works in practice or is it indicative of something else going on?

Regards,

Laurence.
Hi Laurence,

The IBFX m1 price does look different. Could be liquidity problem.

Hereby i attached 2 screenshot: 1st is the Alpari UK live account, on 23:06 and 23:12 6th of October. The next one FxPro live account, on 00:06 and 23:12 7th of October (FxPro timezone is GMT +3).

Regards,


matfx
Attached Images
File Type: gif alpariuk gbpusdm1.gif (42.5 KB, 155 views)
File Type: gif FXPro GBPUSDm1.GIF (44.3 KB, 157 views)
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  #187 (permalink)  
Old 10-17-2008, 12:47 PM
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I did some more investigation with the IBFX price data and found other strange bars like the one I originally posted.

I did speak to an IBFX support person. They confirmed the prices on my platform were correct but informed me that they didn't think that this kind of price movement was unusual.

These extreme bars don't bear any resemblance to those of other brokers and makes me question the validity of the prices that IBFX is providing.

I don't have confidence that the prices IBFX are quoting at times are a fair representation of the market.

Because of this I will be closing my IBFX account.
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  #188 (permalink)  
Old 10-17-2008, 02:27 PM
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Actually IBFX uses a smoothing algorithm, which might give you the opposite effect...

Good Luck on shopping through the "Thieves of Horrors"...

There are only a handful of dealers that are CFTC licensed and NFA registered.

ES


Quote:
Originally Posted by lhookway View Post
I did some more investigation with the IBFX price data and found other strange bars like the one I originally posted.

I did speak to an IBFX support person. They confirmed the prices on my platform were correct but informed me that they didn't think that this kind of price movement was unusual.

These extreme bars don't bear any resemblance to those of other brokers and makes me question the validity of the prices that IBFX is providing.

I don't have confidence that the prices IBFX are quoting at times are a fair representation of the market.

Because of this I will be closing my IBFX account.
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  #189 (permalink)  
Old 10-23-2008, 03:33 PM
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Quote:
Originally Posted by ElectricSavant View Post
There are only a handful of dealers that are CFTC licensed and NFA registered.
could you list them here please?
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  #190 (permalink)  
Old 10-23-2008, 03:39 PM
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No I cannot...This is an IBFX thread. Use search for ForexSavior's thread....oh..here it is:

Proposed NFA Capital Requirement

The following firms have net capital below $10 million

MG Financial $5,393,000
Advanced Markets $6,786,000
Forex Club $7,558,000
Friedberg Mercantile $8,147,000
ACM $8,372,000
Ikon $9,544,000
Easy Forex $9,824,000
Hotspot $9,942,000

Not much change in capital for Advanced Markets, Forex Club and ACM. Swiss broker ACM still appears to be charging the proverbial machine gun nest with a butter knife. Is this firm really going to be able to put up $20 million in the coming months? Did they even know about this capital increase before they parachuted into the U.S. market? We’ll find out soon enough.

The following firms have net capital below $20 million

GFS Forex $11,451,000
MB Trading $12,767,000
ODL $14,870,000
I Trade FX $14,952,000
Alpari $15,786,000
IFX $18,623,000
FX Solutions $19,574,000

The following firms have net capital above $20 million

CMS Forex $20,199,000
PFG $21,345,000
Interbank FX $36,505,000
Gain Capital $67,906,000
GFT Forex $73,219,000
FXCM $91,840,000
Oanda $165,458,000








Quote:
Originally Posted by camisa View Post
could you list them here please?

Last edited by ElectricSavant; 10-23-2008 at 03:44 PM.
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