Interbank FX, LLC Reviews - Forex All Brokers - Forex Brokers

Interbank FX, LLC

(3.0 stars vs. 3.3 category average)

Pros:: Low spreads, Easy-to-use platform, Good customer support, Solid trading platform, Good transaction reporting, Web-based platform
Cons:: Wide spreads, Unstable platform

Forex Trading Firm

Intermediate Trader

5/30/2010

4 of 4 customers found this helpful (100%)

Pros:: None
Cons:: Unstable platform
Bottom Line:: No, I would not recommend this to a friend
Quote:: 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 started identifying better points of entry and exit, catching nice moves and 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. Terrible!