How is IB (IDEALPRO) for FX order execution?

Quote from bkveen3:

I was under the impression that IB didn't have an accurate paper account. I thought they gave false data on it. Meaning any strategy you have on there wouldn't mean anything.
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Be careful to differentiate between edemo and the real sim account with ib. edemo is often complained about but is really only demonstrating tws facilities. Also be aware that one of IB's strengths is all the tools that are used with it for charting and order entry (sierra chart, ninja, zeroline etc etc) which also have simulation facilities.
 
IB's real time paper trading account is good, I've used it for a while now and compared it to others and I honestly haven't found anything better.

The spot FX trading is good as well. I've had a little slippage of a couple of pips during a big number but that's to be expected. Had I been at an Oanda and one of the retail shops the slippage would have been 10x the IB slippage.

One of the biggest lies about trading spot FX is that it's the most liquid market in the world. Complete b*llshit, it may trade a great deal in nominal terms but it's meaningless if you can't get a good fill.

Futures are better.
 
Quote from John_Wensink:

One of the biggest lies about trading spot FX is that it's the most liquid market in the world. Complete b*llshit, it may trade a great deal in nominal terms but it's meaningless if you can't get a good fill.

Futures are better. [/B]
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I must agree. Slippage trading the super liquid spot market is huge compared to slippage with futures.

Hittfeld
 
Is that true even when trading large volume lots? I am guessing the more you trade the more slippage you'll get in FX futures, no?
 
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