Interbank offers assistance with EAs

Interbank FX just announced that it will assist client who use EAs with the transition to market orders and 5th decimal pricing.

This is one of the most important changes this industry is undergoing as not so long ago brokers used to reject EA orders and even block EA trading accounts. Scalping was prohibited by many brokers, and is still not acceptable by some. The change in perception is that a high frequency trader is often much more profitable to the broker than a trader who loses all his money in a single deal and then goes to complaint to the regulators and write about his bad experience on Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term forums. In the long term high frequency traders (and EA users are often such) bring more money to the broker from spread/commission and are usually more satisfied with the broker.

You can see the same with FXCM who not that long ago offered traders assistance with coding their EAs for very reasonable prices.

"At Interbank FX, we strive to improve our technology and trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term for the benefit of our customers. However, change can bring with it a sense of uneasiness, and we're committed to helping you understand these changes every step of the way.

With our recent modification of how orders are carried out within MetaTrader4, we want to ensure you are receiving the support and personalized attention you need when it comes to your Expert Advisors.

We have developed a detailed code to help you with our 5th decimal pricing shift and transition to market orders.

If you need assistance adjusting your EA code to work in this new environment, you may email your questions and/or mql file(s) to the following address: easupport@ibfx.com If you need assistance with this, please contact our Customer Service Department:"