Hey guys,
I opened a micro with IBFX a few weeks back. To be frank, I wasn't doing all that great anyway :-) But, my account was wiped out on Monday due to a glitch that I can only assume was on their side. I was unable to connect to IBFX for a period of about 20 minutes, during which time my short GBP/JPY trade went horribly awry... which is why I was just about to hedge it before I went down (hadn't set a stop loss at this point). During this time I had internet access to other sites no problem.
The main issue was that I run at work alot on my PDA/cell device. Had I been home I would have made a phone call. Unfortunatly, I couldn't do so. So, in all fairness there were mistakes made on my part: hadn't yet set stop loss, and trading where I can't readily use a phone. But, I'm just sharing some first hand connection problem experience. Not a HUGE financial deal since it was a $500 account and I was prepared to lose it if it came down to it, but kind of a pain anyway.
So... that issue was enough for me to want another broker when I go in for my full $5,000 account after some more practice time. I am demoing with MIG Investments, and I have done a demo with them before. I really enjoy their spreads, their snappy Metatrader news feed tidbits, and their selection of pairs to trade. Unfortunatly I have only been able to locate *one* feedback about MIG on the net from someone who says they trade and have made withdraws no problem. I'm just curious if anyone else around here has any feedback on them?
Thanks guys! And while I'm posting... I appreciate all the great stuff on this forum that has helped me out along the way. I'm still not 100% ready to go live with a good bit of cash... but you guys have really helped me to get close to that point (I'm great at demoing, but live still hurts me... need to get the psych part down).
I opened a micro with IBFX a few weeks back. To be frank, I wasn't doing all that great anyway :-) But, my account was wiped out on Monday due to a glitch that I can only assume was on their side. I was unable to connect to IBFX for a period of about 20 minutes, during which time my short GBP/JPY trade went horribly awry... which is why I was just about to hedge it before I went down (hadn't set a stop loss at this point). During this time I had internet access to other sites no problem.
The main issue was that I run at work alot on my PDA/cell device. Had I been home I would have made a phone call. Unfortunatly, I couldn't do so. So, in all fairness there were mistakes made on my part: hadn't yet set stop loss, and trading where I can't readily use a phone. But, I'm just sharing some first hand connection problem experience. Not a HUGE financial deal since it was a $500 account and I was prepared to lose it if it came down to it, but kind of a pain anyway.
So... that issue was enough for me to want another broker when I go in for my full $5,000 account after some more practice time. I am demoing with MIG Investments, and I have done a demo with them before. I really enjoy their spreads, their snappy Metatrader news feed tidbits, and their selection of pairs to trade. Unfortunatly I have only been able to locate *one* feedback about MIG on the net from someone who says they trade and have made withdraws no problem. I'm just curious if anyone else around here has any feedback on them?
Thanks guys! And while I'm posting... I appreciate all the great stuff on this forum that has helped me out along the way. I'm still not 100% ready to go live with a good bit of cash... but you guys have really helped me to get close to that point (I'm great at demoing, but live still hurts me... need to get the psych part down).