ChoiceFX - no spread?

T

TradingWise

Choice FX challenges the status quo by allowing participants to trade amongst themselves without paying the spreads and/or mark-ups normally associated with the traditional one-to-one, "price maker" to "price taker" market.
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http://www.choicefx.com/

Any experience? I can't register for their demo account to check it out.
 
Quote from TradingWise:

Choice FX challenges the status quo by allowing participants to trade amongst themselves.
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I see. Same as IB IDEAL PRO then ?

IB customers can trade among each other.
IB´s fx commission is $5.00 per 250K US$.
 
The give no address for contact? Don't like that. Anyone can design a website out of the mom's basement. Not saying they are scamming but very generic IMO.
 
mystery broker / ECN model / platform, exhorbitant fees... who needs them when we have HotSpot Retail, Oanda, IB, etc etc???

from their FAQ section:

24. What is the minimum deposit and what are the fees and/or commissions?

The minimum deposit is $25,000 and the only fee to trade on the Choice FX Network is one pip per trade.
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25. What are your margin requirements?

The margin requirements are 1-2% depending on the the currency pair you trade and the placement of your stop losses. For a more detailed explanation please contact us at 1(800) Choice FX or support@choicefx.com
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26. Will I be charged interest for holding positions overnight?

If you hold positions overnight, they have to rolled and you be charged normal Time Next spreads on your positions.
 
Quote from 2cents:

mystery broker / ECN model / platform, exhorbitant fees... who needs them when we have HotSpot Retail, Oanda, IB, etc etc???

from their FAQ section:

24. What is the minimum deposit and what are the fees and/or commissions?

The minimum deposit is $25,000 and the only fee to trade on the Choice FX Network is one pip per trade.
Back to the top


25. What are your margin requirements?

The margin requirements are 1-2% depending on the the currency pair you trade and the placement of your stop losses. For a more detailed explanation please contact us at 1(800) Choice FX or support@choicefx.com
Back to the top


26. Will I be charged interest for holding positions overnight?

If you hold positions overnight, they have to rolled and you be charged normal Time Next spreads on your positions.
More...

I was thinking the same thing, with Hotspot and Currenex, what would be the value added to trade through them?

Any more opinions and comments would be great.
 
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