"I don't know why you guys love IBFX so much...I have heard some horror stories on other forums..."
I agree with Chinaexpert. Unfortunately, they're the best. Which is like saying my crap smells less than yours...it's all still crap.
Yes, I use them and manage 23 accounts through them on their PLAMM system. However, I also maintain a personal account with Forex.com.
During the NFP release, due to IBFX's major manipulation of spreads (up to 29 pips during the NFP) I was barely able to break even with them, even after a 60 pip move one way and 80 another.
However, I made 25 pips with Forex.com because they do not manipulate spreads. They also do not allow hedging or offer MT4, which sucks.
We all know that these brokers manipulate spreads to knock out SL's and add to their bottom line. If you are going to trade news with a broker who hunts SL's, don't use SL's and/or trade for the bounce instead.
You just have to figure out how to lose less than 50% of the time to be profitable. Therein lies the trick.