Dukascopy vs. MB Trading vs. Other? Small account

[bankroll]

http://www.dukascopy.com/swiss/english/about/fee-schedule/
http://www.mbtrading.com/commissions.aspx?page=Forex
If I count it correctly under $25k MB Trading is cheaper over $25k Dukascopy.

Of course you have to add execution, which had tighter spreads... all in all which would you recommend and why? Thanks!

 

[irniger]

Dukascopy offers tight spreads, but takes a commission on each trade.

http://www.dukascopy.com/swiss/english/about/fee-schedule/#tradingCommissions


Felix

 

[bankroll]

MB Trading too.

 

[eurojack]

I'm also torn between the two. I have been browsing their websites for over two months now, can't decide which one to go with.

 

[trade2live]

Do you get SIPC protection with MB ?

 

[jplazard]

MB has two commission type plans one is commission based which the spreads are tight, the other is called an EXN type plan where the spread is marked up slightly and you just pay spread.

They do offer on the first plan pay for all limit orders going in and out of the market(buy/sell limits and take profit going out) so if your that type of trader you would not pay commissions at all. I still trade forex with them strictly for the pricing the platforms are not that great though.

 

[jplazard]

I don't think SIPC protection applies to forex as it is an OTC product but I could be wrong anyone else knows for sure please let us know.

 

[jplazard]

http://www.fxintel.com/

Live feed of spreads between firms.

 

[atticus]

Quote from jplazard:

I don't think SIPC protection applies to forex as it is an OTC product but I could be wrong anyone else knows for sure please let us know.

Correct, no SIPC protection on any OTC product; specifically FX.

 

[tenthousandmen]

Quote from trade2live:

Do you get SIPC protection with MB ?

SIPC will only cover stocks. No one in mf global got spic money (yet) cheers