Best Forex commission rates?

salamanderforex said:
Thanks for all the responses.

So between IBKR and I markets it comes down to leverage (1:60 vs 1:500) and 15% savings in fees.

When you say ECN, isn't that really multiple ECNs? If there is one ECN then there is a universal system. If multiple ECNs then no central one I assume.

If I told you I traded $101,456.00 on June 25 at 10:23:01 am EST, as a third party would you be able to find that on some record without me telling you I did it on IBKR?
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Yes, multiple ECNs, not single ECN. The only ones (single or multiples) who does know the trade are your counterpartys who you have sold to and the ECNs over which your trade was executed. Sometimes one ECN is enough to cover your trade, sometimes the trade is splitted over several ECNs, that relies on many factors and also on your broker. As I have no insight into IBKR this is up to speculation. Besides sorry about the 1:60/1:40 leverage maybe we are in different regulation zones.
 
David's faith said:
Yes, multiple ECNs, not single ECN. The only ones (single or multiples) who does know the trade are your counterpartys who you have sold to and the ECNs over which your trade was executed. Sometimes one ECN is enough to cover your trade, sometimes the trade is splitted over several ECNs, that relies on many factors and also on your broker. As I have no insight into IBKR this is up to speculation. Besides sorry about the 1:60/1:40 leverage maybe we are in different regulation zones.
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NP, yeah, they have different leverage maybe....

About my question of finding my transaction in records - is that possible?
 
David's faith said:
I dunno, my account sits in Europe
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If your account sits in Europe but you are a US citizen no regulated broker in the world will open an account with you. You cant even trade FX with IB. Your only viable choice is Oanda.
 
jbt said:
If your account sits in Europe but you are a US citizen no regulated broker in the world will open an account with you. You cant even trade FX with IB. Your only viable choice is Oanda.
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kinda wrong as US person with ECP qualified can perfectly trade FX anywhere in US including IB.
 
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