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Yes, IBFX is likely automatic. I'll email them to make sure.
while ibfx is most likely automatic (as stated on their website) this will not be the case round figures.
A quick reply from FXDD:
Reply from InterbankFX:
Reply from Neurx.ch:
At last a reply from Alpari:
At last a reply from Alpari:
Better set your slippage value high then...
Only useable for long term traders I think.
Imagine someone that trades 1 minute bars. How many bars will have past until the order is transfered. How about a panic situation at high volatility markets. Or at night...
Reply from Neurx.ch:
Strange they have a right to check trades?
I would think their only right is to guard your margin.
I'm maybe to sceptical but I'm afraid if a client files a complaint that he lost money due a slow (or down) system at the brokers end they just tell you they are excising their right to interfere with my trades/money.
Now I trust only USA-based brokers like FXDD and InterbankFX. The Neurex (swiss) can requote, and Alpari (russian) always requote.
I tend to agree on the US based brokers.
I know guys who have used FXDD for a great many years with little to no problems. And with all the spreads getting dropped, it's just getting better
Cheers
Martin
Thanks for the great reply. I'm using IBFX and they are automatic in order processing. What does not make any sense is that they seem to switch to manual mode over news releases. Server seems to overload at these times then they just don't fill the orders at that second. Your is only filled a few seconds later - after the first spike. And the spread did not stay the same also. It was also adjusted during this automatic order filling.
Just my few cents.