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IBFX increased their spread during the night sessions

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IBFX broker increased their spread during the market’s night to 4 (40 pips). This is high spread for EURUSD and I think they will lose some of their clients. Sometimes their spread is lower there, but it’s variable.

IMHO, they did it because of Forex MegaDroid activity. That is why I recommend you not to use this broker.

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Comments so far.

  1. Posted by Anwar on Friday 21st September

    Forex trading partnies to foreign currency exchange trading. It is not an affiliate program or multilevel marketing.Just like trading stocks in the stock market, forex trading involves trading foreign currencies. In the stock market, if you think the stock of XYZ Company is going up, you buy (or go long ). If you think the stock will go down, you sell (or go short ) the stock.Same way in forex if you think the British Pound (GBP) will get stronger versus the U.S. Dollar (USD), you buy GBP and sell USD. If you think it will get weaker, then you sell GBP and buy USD.This was a very simplified example. There’s a lot more to it, of course, but that’s essentially the mechanics of a forex currency trade.

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