Forex Account vs Futures Account

http://www.openecry.com/software/softwarehighlights_DOM.cfm

That is DOME ,press on bar ,order sended or killed


you can test 30 days real tiem demo under name globalamp by
www.ampfutures.com

Author can not find equal function by oanda.

Advantage of oanda ,low trading size ,account minimum ,java
stable version (no downloading) ,good capital 150 mln $

but it is lower as 1bln$ -10bln $ as by SEC pure agents as AMTD,OXPS,SWIM .Swim and OXPS offer CME future tradign with possibility switch money to SIPC protected account and offer
3 version of software html,java and downloading
(quotetracker from J.Medwed by OXPS and AMTD)

Sotrry charge per R/T high ,DOME only from thrid party.
 
Sim03 wrote -

You're doing great, ssss, 0 for 3.

bettles, I see that you've just joined... forex vs. futures is a constant subject of discussion on ET, going back years. Do a search, there's tons of info.
###############################


Not the problem .First opinion by each attempt to trade forex
must be -

Average life expectancy by forex retail account is 45-60 days
(industry statistic)

CFTC to date tryed to press forex market ,alsov with capital quote 20 mln $

All forex brokers are not pure agent(with exception hotspotfx) ,trade against client interess ,manipulation
of the quote and only fraction of liquidity is visible (CME DOME
give full )

Forex account is not protected by SIPC .See Refco case
and compare satisfaction RefcoFX(30-40%) against Refco future
account holder .


Your respectfully
 
Lets just compare commissions and for a 1 mio. Eur/Usd transaction and assume a rate of 1.5300 and a 1 pip spread for everything (even tho on spot its often < 1 pip):

IB Spot: $30.6 (20x1.5300)
IB Future, bundled: $22.80 (8x2,85)
OEC retail: 27.70 (8x3,46)
OEC pro: $22.90 (8x2,86) (account>100k)
MB spot: $76.60 (50x1.5300)
MB future: $20 (2.50x8)
Hotspot, retail, USA division: $30 (per BCU)
Hotspot, retail, EU: $45.90 (1.5300x30)
Oanda: free ;)

On spot, you can often trade on spreads < 1 pip, that alone skews the above comparison in favour of futures. They also only trade 23 hours a day, while the underlying spot market trades 24 hours. Besides, the only liquid contracts are 6E and 6J (pound and swissy to a lesser extent), that alone makes futures for me a nogo.
 
As mentioned above, you really need to compare the total trading costs, including both commissions (preferably RT, not per side) and actual spreads for your trading style and size.

Comparing "just commissions" is fine among currency futures brokers. However, it's less meaningful among futures brokers and forex dealers.

Oanda is not "free" - commission is built into the spread, as it is with all other non-ECN forex dealers.
 
In my opinion, assuming a 1 pip spread on the euro during regular hours is quite fair for the brokers i mentioned, maybe ECNs are a tad tighter on average. If nothing else, it just shows that MB spot is just way out there.
 
Yes, MBT forex is out there, commission-wise.

Regarding a 1-pip spread: for Euro, sure, but not everyone trades the Euro (I realize that the OP used it as his example). In fact, one of the key deciding factors between spot and forex is the choice of currency pairs traded.
 
sim03


Registered: Jun 2006
Posts: 480


03-09-08 05:22 PM

As mentioned above, you really need to compare the total trading costs, including both commissions (preferably RT, not per side) and actual spreads for your trading style and size.
----------------------------------------------

Dear Sir

Author is multiple trader contest price money winner in USA and Germany
Each contest to be payed ,author must going to SEC,Court ,CFTC

From this point of view security is more important question for author .
########################

Comparing "just commissions" is fine among currency futures brokers. However, it's less meaningful among futures brokers and forex dealers.

Essentialy as stated ,author prefer
SEC related instrument's.Time from Time author control he's opinion
########################
Oanda is not "free" - commission is built into the spread, as it is with all other non-ECN forex dealers.

As you knew ,all professional pay commission .ALL SEC brokers ,all future brokers alsov asked commission .

Integration in spread is source of manipulation
#########################
Best wish ....
 
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