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View Full Version : Best FapTurbo Broker: FXDD vs. IBFX?


JimGoose
12-09-2008, 12:32 AM
Hi, i'm torn about which broker I want to open a small deposit account with.

Fapturbo.com's small deposit results with IBFX are astounding ($370 over 2 months has gone to $6k) and that's what i'm considering right now, and Sooner's live IBFX account with $130 going to $300+ in 2 weeks is great too. For all i know ForexMeta/FXDD could achieve results like this too, but there aren't any live results from this broker that I can see.

Does IBFX charge withdrawal fees? FXDD appears to have free withdrawals over $100 using PayPal, which is a plus.

People also say IBFX has lower pip differences on average, but looking at my ForexMeta (which is on FXDD feed) and IBFX demo feeds, I don't see a difference right now, but markets are slow anyways.

Someone also mentioned that Fapturbo has opened less trades with IBFX recently vs. other brokers, does anyone know more about this? Could it be that IBFX has noticed the influx of EA assisted trades?

Finally, if i'm looking to start a small live account of $150 - $300, should I be going with micro lots, or should I stick with 0.10? With Money Manager on, all my trades have on forex meta have been 0.1 trades, but the only trade on my IBFX demo was a 2.0 trade - all LRR set to same across the two brokers.

Both seem good at this point, but am i missing anything that I should know about? I'm also open to the other brokers as well, these are just two of the big ones i've been following lately.

Thanks!

Anton
12-09-2008, 02:51 AM
Mind also the delays in life account opening.
I just chatted with FXDD life support.
They said that currenty the processing time is 5 to 7 business days (and not 24-48 hours as a confirmation email states).

dcrowley06
12-09-2008, 03:00 AM
Agreed. I attempted to open an account at FXDD on 12/1 and still have heard not a peep from them after the initial email.

I ended up going with FXpro, and took about 3 hours from account signup to funding. I havent tried withdrawing from FXPro yet, so I don't know how long it takes to get the money, so we will see how that works when i get the money out. :)

JimGoose
12-09-2008, 03:16 AM
Good point.

I had started an application with ForexMeta, but after I realized they were just the middleman to FXDD, I tried contacting FXDD to request that my application be routed directly to them and not through ForexMeta... But their sales support person doesn't seem to understand this simple request, and he e-mailed me back with a totally unrelated comment about how the new bonuses have made account set-up take 5 days. :confused:

Anton
12-09-2008, 07:44 AM
I ended up going with FXpro, and took about 3 hours from account signup to funding. I havent tried withdrawing from FXPro yet, so I don't know how long it takes to get the money, so we will see how that works when i get the money out. :)

Seems like FXPro works with PayPal too, I just chatted with their support, and they said you can also withdraw to PayPal. Best of all, you don't have to fax a form for this! You can just log in and ask for withdrawal to PayPal online.