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They automatically do it now when you have just a little bit of some currency in your account. Thank god. You can hold multiple currencies in your account. You don't have to take everything back to your base currency. There is no penalty for holding 30 dollars Canadian and then going back...

Bump. Come on IB. I know you were working on this one.

I was having small outages at about the same time as you. It has not been persistent other than the few days a couple weeks ago (I bitched on a thread here). The problem went away and came back this morning with Eurex going out for like 10 minutes. I am in the Midwest as well.

You can have more than 3 domes open in ZLT but you cannot get beyond one level of depth. So for depth you get 3 domes but you can open up and trade with as many as you wish (taking in account your 100 line IB limit).

Check your PM are you trading tonight and tommorrow?

All around good post and for the most part true. Forex is a candy store right now with the Volatility at current levels. It may not stay high forever.....so milk it with as much size as you can handle. As someone who has traded for a market wizard in that book, I can assure you that even...

What are your trading times? The Yen crosses were all money during european hours. Post one of ur charts for US. 200 pips is fantastic

What quote feed and charting are you using?

For IB, the best game in town is Zerolinetrader for execution and Ensign for charting. Try em for free and you shouldn't be disappointed.

Steve, happy holidays. what is up with the margins for forex? You guys were talking about doing something about the margin irregularities. For instance, I end up paying twice as much for EUR/JPY on a dollar account than I would on a EUR account.

There are market makers flashing in on all sides. If you put your order in slightly above the bids or below the offers. You will most likely get filled. And yes, you will see the volatile crosses shrink and expand. But you can still put in an order like a bid above the market makers bids and...

Good point. Oanda is probably the best for smaller accounts and interest payments. But you will find that IB is more competitive than most ecn's in regard to interest payments. IB does not pay interest on any deposits under 10k. On larger, forex positions their interest payments are very...

I would say you hit many nails on the head. It really depends on how big of an account etc. But IB is very, very competitive. My only bitch is on how they do the margin. And that is not much of an issue for me. Your volume requirement is a very good point. For some cross rates IB is...

You can do a demo of IB and run em side by side. The forex capital of the world is London and many of the better companie operate out of there. I believe your group clears Man Financial. You can probably get a better deal on Currenex through a London Broker directly or maybe Man Directly...

It is an ECN with a handful of major contributors to the quotes. Barclays, RBC and a few more majors. So as an ECN you can work orders and everyone can see them. Or you can hit the different market makers etc. My experience has been positive. The fills are fine. The only downside is...

Sounds like a safe place to store some surplus funds. Internet banking rules. What city did you buy your condos in? Did you have any problems buying them as an American?

LOL. I never thought of that. I am not switching base currencies. I can hedge out easy enough. But I may open another account in Euros. That is a good idea. Are you trading the EUR/JPY?

Yeah, I hear you. They have solved most of forex complaints with one exception. And that is the margin on crosses. I dont care about exotic cross margins but tying up 50k on 1,000,000 EUR/JPY is little high. FWIW, their system works better than ever. It is just their margining on major...

IB, Any update on Cross rate margins? I was under the impression that were going to go to a different model instead posting margin for each leg. For example: current 100k EUR/JPY on IB is margined at around 5,000 and at Oanda it is margined around 3,000.

Ensign comes with a fast forex feed. Try it out free for a month.