Decent Brokers during High Market Volatility

Quote from Eagle Eye:

Above you seem to be testing interbankfx, but bellow:

"either I've been a victim of some serious individual pricing or ibfx really isnt worth looking as. On most days when volatility gets to a certain level the spreads go wild. eurodollar freq goes from 2 pips to 8 pips. Admittedly I sometime take advantage of the slow feed they have but to continually push the quote against me 1 pip each second for half a minute is out of order. I can show you the graphs stored on my machine to prove it. As this didn't scare me out of closing the position, they promptyl increased the spread to 12 pips at which point i looked for the first chance to close out flat. I must say howver that this doesn't happen to most clients but please bear in mind that if a broker is willing to do this to one client, then none of you are safe".


and again:


"Here's a snapshot of the offending chart. I have friends using ibfx as well and their charts look totally different to mine. And the fixed spreads promise is garbage. eur spread regularly blows up htroughout the day and almost always now around figures. Imho, ibfx is a fine so long as you trade only a few times a day, holding positions for at least a few hours. That way you're unlikely to be worried about the odd pip here and there."


So you have account with them or are you testing them??
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I HAD a few accounts with them which have had all funds withdrawn. I don't bother testing on demo accounts as the feeds are from different servers and do not reflect their live servers wrt to my strategy. ibfx are fine for normal longer term trades where you might not mind losing a pip here or there but these guys can and will screw you around if you're arbing off them. In their defence it's all clearly stated in their t&c but with a name like interbankfx you'd expect them to have more than one liquidity provider (which one of their reps admitted they dont). I'm not particularly bitter about it
 
I use cms and never had any problem in periodes of high volatility : they repsect their stoploss and stopgain, up to 10 standard lots they guaranty it.
As for entry order execution if they can't fill you at the price you asked they will not fill you, thzat they means they willnot fill you at a price you don't wish and that is fine.
Ib is a good broker too i used it for futures they are reliable.
 
of course if a serious problem happens (bin laden trick for example) no broker will guaranty stop, they all have clever disclaimers that says : "if our system doesn't work or break down, don 't complain we warned you that tr
 
Quote from sccz97:

am only using ib from the above list. Am not happy with their socket api and will be paying for the direct connection to the server. I can't stand the tws application, java sucks
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Ok, but if you are already with IB then why are you saying you looking to sign up with a new broker and IB is on the list?
 
Quote from carlito:

of course if a serious problem happens (bin laden trick for example) no broker will guaranty stop, they all have clever disclaimers that says : "if our system doesn't work or break down, don 't complain we warned you that tr
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lol, do you know any other disclaimers they have?
 
Quote from Eagle Eye:

Ok, but if you are already with IB then why are you saying you looking to sign up with a new broker and IB is on the list?
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I cannot remember when I posted some of these message but the oirignal post was probably a while back when I wasn't using ib
 
Quote from sccz97:

I cannot remember when I posted some of these message but the oirignal post was probably a while back when I wasn't using ib
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I see, take care :)
 
Quote from Moe27:

interbankfx

fxdd
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you've also posted these guys on anoher thread.... stay away from these two brokers if you trade when the market is volatile. At first they will let you trade .. but once they realise you're picking they will use all the tricks in the book to scare you away
 
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