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IBFX Scam: Slippage, frozen feed, disconnections and off quotes

Watch out!

If you start to win they'll hit you hard with slippage, frozen feed, account disconnections, and the inability to enter trades or exit trades with their error message "Off Quotes".... "Off Quotes".... "Off Quotes."

Even when I have maximum deviation set to the maximum setting the "Off Quotes" message appears and prevents me from entering at an optimum moment. The same with exits.

I have been using IBFX for a few months and had been relatively satisfied until recently.

Recently I installed OU Forex Mastery software and started identifying better points of entry and exit, catching nice moves.

Almost instantly after I installed OU Forex Mastery the entire performance and behavior of IBFX radically changed.

Suddenly "Off Quotes" appears almost every time I try to enter an order, or close an order.

The data feed from IBFX now freezes and when the chart resumes I found there has been a big jump during the frozen feed.

The account suddenly disconnects at the most inconvenient times for me interfering with my trading results.

It's now suddenly impossible to enter a trade or close a trade without bad slippage. Terrible!

Friday afternoon I tried to exit a position before the market closed. I got the error "Off Quotes" over and over until the market closed.

I was not able to close my position before the market closed for the weekend.

With the major gaps that often occur lately over the weekend, I am very, very displeased with what IBFX has done to my account.

Joshua Bentley, FPA 2010-05-29

IBFX Interbank FX Review

IBFX Review: IBFX real forex trading spreads on MT4 forex account

 

Find Better Broker  

Headquarters: 3165 Millrock Drive, STE 200, Salt Lake City, UT 84121-473

Country: United States

Regulated by: CFTC, NFA (US)

Branches: IBFX Australia 

 

Interbank FX was recently acquired by TradeStation Inc.

Trader's rate 2.3
Editor's rate 3.8

IBFX Account Details:

minimum deposit: $1

minimum lot size: 1k

max leverage: 50:1

 

Spread:

Variable, from 1 pips

 

Dealing:

STP - Straight Through Processing 

 

Deposit/Withdraw

Bank Wire, Credit card,  Check

 

Free forex VPS

$5000 minimum deposit required

 

Platform:

MT4, MT5 (Demo)

 

Forex VPS

Free for accounts with $5000 balance

 

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