IB for forex?
- Thread starter Option Trader
- Start date
Currenex caters to institutional clients only. HotSpotFXI has a nice platform & execution, though the rates aren't exactly "competitive"..
Will interest be earned on my account?
Yes. We pay competitive rates. Clients can expect to earn interest daily and paid monthly according to the following grid:
<$20,000 no interest
$20,000-$49,999 0.75%
$50,000-$149,999 1.00%
$150,000-$499,999 1.25%
$500,000-$2,999,999 1.50%
$3,000,000-$9,999,999 1.75%
$10,000,000 and over 2.00%
Will interest be earned on my account?
Yes. We pay competitive rates. Clients can expect to earn interest daily and paid monthly according to the following grid:
<$20,000 no interest
$20,000-$49,999 0.75%
$50,000-$149,999 1.00%
$150,000-$499,999 1.25%
$500,000-$2,999,999 1.50%
$3,000,000-$9,999,999 1.75%
$10,000,000 and over 2.00%
What charting are you guys using to trade FOREX? I have access to IB IDEAL only and I find that it has no historical charting or backfill for forex pairs. I'd appreciate it if someone would kindly point me to a realtime backfilled ( and historical ) charting source. I just begun looking into FOREX trading, please excuse the ignorance.
Hello, if I may, do not trade subsize lots with IB. Trade only 100k units, there are still issues with partial fills on sub size lots, which IB admits to freely. They set their platform up for standard, so it has difficulty with subsize. They are working on a fix but as of yet it has not been completed.
As far as CurreneX is concerned, comparing the CX platform to anything else is like comparing a Hemi Cuda to an Accura, the Cuda is noisey, belches pollution, most had no A/C P/W and maybe had an am radio. Of course the Accura has all the extras including auto nose picker and butt wiper, but if I was racing 1/4 mile for money I would take the Cuda every time. If you have 50-80k you, yes you, the retail trader can also access the CX platform.
The Ever Lovin CX VIPER
As far as CurreneX is concerned, comparing the CX platform to anything else is like comparing a Hemi Cuda to an Accura, the Cuda is noisey, belches pollution, most had no A/C P/W and maybe had an am radio. Of course the Accura has all the extras including auto nose picker and butt wiper, but if I was racing 1/4 mile for money I would take the Cuda every time. If you have 50-80k you, yes you, the retail trader can also access the CX platform.
The Ever Lovin CX VIPER
i sometimes trade news events through IB and as expected get pretty significant slippage on my market orders or I miss the liquidity for my limit orders. For trading forex would you say currenex would be more likely to get my limit orders filled or my market orders with less slippage during news events over IB?