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More ROFL...

Peter: Higher credit interest rates for customer account balances will make Hotspot more attractive. At present, IB offers a better deal. As to currency pairs, how about NZD/JPY (which IB doesn't offer)? :)

Peter: Any chance of adding more currency pairs in the near future?

ROFL...

I'd appreciate IB's clarification on the following detail concerning customer account protection. Since SIPC's protection is limited to up to $100,000 in cash (out of a $500,000 total), would any cash in an IB Securities Account in excess of this amount be covered by IB's additional insurance...

A la LTCM? :)

Haha. Incredible cognitive prowess. I'm actually flat, position-wise. Far from ideal poll timing, I suppose... :)

Say you've one-fifth of your net worth (excluding the equity in your property) in your forex trading account. What do you think your uncle point is, realistically?

One valid reason for trading currency futures, instead of cash FX, highlighted in the Refco case: http://www.cme.com/about/press/cn/05-138CMERefcoStatement16261.html CME’s clearing member, Refco, LLC, is a subsidiary of Refco, Inc., but is a separate company with its own accounts, assets...

Mainly to diversify and to get the experience. I personally think CurrenEx's platform is more user-friendly than IB's (so far) or Hotspot retail's. Also, my long-term goal is to "graduate" and use CurrenEx wth a bank like RBS or UBS. For the avoidance of doubt, can you possibly clarify one...

Thanks, 2cents, for sharing your experience. I'm checking out FXCM Pro's demo now. It has spreads which are much better than those listed on their web site at: http://www.propfx.com/spreads.html In your experience, do the spreads on the real FXCM Pro/CurrenEx platform approximate those in...

risktaker: Impressive... What devices do you use to mount your horizontally and vertically stacked LCD panels securely? From Dell or a third-party? Can LCD panels be ordered standless from Dell?

Thanks for the suggestions, 2cents. Would you happen to know of another Currenex white label operator (other than FXCMPro) which allows 100,000 unit trades? I'm a little wary of FXCMPro due to its Refco connection and threads such as...

Thanks, 2cents, for your helpful reply, especially highlighting one of the key reasons for going with a 2nd tier PB - additional leverage. Right now, I still prefer the flexibility to scale in and out, if only to make mistakes less expensively... It follows that a $1 mio minimum trade size is...

2cents: At this stage, largely academic. I trade both cash and futures FX, mainly through IB. In terms of generating the volume befitting a second tier prime brokerage client account, I'm not quite there yet. For example, I did 10 6E, 12 6B and 20 6C round-turns yesterday, which is a little...

The following description is taken from the web site of a second tier prime broker. "[ ] is a second tier prime broker that provides financial institutions, hedge funds and professional trader's totally unrestricted access to the FX markets through a choice of multi-bank portals allowing...

Any technical trader seeing a break of the March 3 levels soon?

Equally (if not more) important, IB needs to reduce its Ideal Pro rollover costs to offer a competitive FX platform. http://www.elitetrader.com/vb/showthread.php?s=&threadid=64052

Hi Can someone possibly confirm the correctness of the following understanding? When money is held in the commodities account as margin for open futures contracts, such money continues to receive interest but is treated separately from the balance in the securities account, ie, the two...

Hi Can someone possibly confirm the correctness of the following understanding? When money is held in the commodities account as margin for open futures contracts, such money continues to receive interest but is treated separately from the balance in the securities account, ie, the two...