Protection is on the securities side of the account and covers currencies:
http://www.interactivebrokers.com/en/accounts/accountProtection.php?ib_entity=llc
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Any one with Citybank Hongkong?
- Thread starter amni23
- Start date
Protection is on the securities side of the account and covers currencies:
http://www.interactivebrokers.com/en/accounts/accountProtection.php?ib_entity=llc
Quote from OddTrader:
Does any of the banks provide API trading for retail spot forex?
Oddtrader
Since I have closed my leveraged forex a/c with the big banks at Singapore 12-15 months ago,I dont know the current situation.
But to my knowledge there is no API functionality in the bank platforms.
I dont know whether you are also concerned about your funds safety etc.Same procedure for opening a/c with Singapore bank affliated forex subsdiary like Hong Kong I described earlier.
Quote from amni23:
krishiyer ,
till 3-4 days ago I was also thinking that IB is the best, they are registered with SIPC and other insurance stuff.... but lately I came to know that for the insurance purposes forex account is treated as cash account so there is no insurrance for these accounts.... those insurances are for stock traders ..... let me know if what I am saying is not correct....
cheers........
amni23
I see Steve from IB has posted a reply.
But There are no absolute guarantees in life.
When you say Spot forex,Refco comes to memeory. Since Iam more of a index/option player & less of a forex player, (that too only IME future contracts during US hours strict day trade.IME options on forex futures held up to 4-7 days)
I have to go with IB for cheap commision+ global market reach.IB will not teach you anything,You have to learn how IB works.
I use options on forex futures to bottom fish or pick top which I will not boldly do in naked futures/spot.
Do your own due diligence.Good luck.Post when you have time about your forex trades with methodology.
Quote from amni23:
any experience with these guys,
http://www.citibank.com.hk/APPS/por...det/3_2_2_foreign_exchange_margin_trading.htm
regards..
Does anyone know the spread (how many pips normally) for EUR/USD, assuming its rates same as the interbank? TIA.