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Viper says the banks don't widen the spreads but that's something that happens on retail platforms, or in other words the banks continue to quote the market. NZDSpecialist says as the news event becomes imminent, "banks on the Interbank will remove their speculative orders for fear of taking...

I hear they do have metatrader, but apparently their data quality (lots of bad ticks in their charts) is very poor right now. At least that's what I've heard.

Hey MBT Steve, What's the commission to trade 1 mini lot on your platform? And can you trade say like 1.5 mini lots or must it be in even increments? Is there a charge to use your API? Also, are the quotes posted by the MM(s) on your platform ever not honored?

What, no tag line Viper? Dude, you're slipping. :D

I don't think I could ever trade with a broker that puts spyware in their product.

Thanks for the feedback. What's the one sided commission charge to trade $10,000 worth of currency at EFX?

Keep doing what you're doing. I'm sure sooner or later you'll get what you're after.

Dude, instead of reading through a bunch of posts, my preference is just to channel Jack for maximum efficiency.

Yes but trading at $0.0001 per pip it's still going to take Oanda several decades to get my two cents!!!

That's very interesting because Oanda's quote update is slow - depending on market conditions. When the market is active they speed it up but when the market is slow the Oanda feed is like 1-2 seconds slow in showing the updated price (not exploitable, more of a quote speed display thing). So...

I thought someone said it was just a cleverly disguised bucketshop or was that just a rumor?

Data disconnects, primarily on MT4, requotes especially on MT4 which only happen when the market moves in your favor (you get a late fill when it moves against in fast markets), widening spreads at strange times like the thread originator mentioned, extra anti-scalping rules implemented against...

I just want to point out a couple of things: 1) Retail forex is not a real market. It is an artificially created market for the benefit of the bucket shop that created it. 2) Forex is an unregulated market, meaning little things like disclaimers are the least of your worries. 3) Even in...

Exactly where on the IBFX website does it say "guaranteed fixed spreads"? If it isn't promised, why would you expect it? If it is promised, you should run like crazy.

I use a 1 tick chart with a 6 pip profit target and a 5000 pip stop loss. I haven't lost yet!!! :D Never believe a backtest. Rough trader is just trying to scare newBs off from reaching their dreams!!!

Thanks for that very in depth and understandable explanation. That makes sense.

Take the pair GBP/JPY trading at 219.706, and let's say you buy 10,000 units. How much would each tick be worth in USD? How do you calculate this? Thanks, Patrick

The ones who offer guarantees are exactly the ones you should be running from. And yet most people are looking for this in a broker because it seems like it would be the best for them. Ask yourself how this broker is going to make up for getting screwed during volatile times with guaranteed...

Did I read correctly that their minimum trade size is 10K lots. Is there a minimum commission amount? Commish on a 10K lot would be $.50 per my calculation unless there is a minimum.

What are some of the best threads on trading, systems, strategies, etc.?