IB leveraged forex, uh what?

koolaid said:
Yes, you can still trade currency futures with IB...though the thought of futures scare most retail traders.
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Good. The less complaints the feds hear from retail traders the better, otherwise they feel obligated to "do something."
 
This notice is saying you can't trade on margin for currencies. But I can trade currencies if I don't employ margin. In fact, you can essentially use margin if a foreign stock is involved (but the details could get a little tricky there). Is this conclusion incorrect?
 
sprstpd said:
This notice is saying you can't trade on margin for currencies. But I can trade currencies if I don't employ margin. In fact, you can essentially use margin if a foreign stock is involved (but the details could get a little tricky there). Is this conclusion incorrect?
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Yes you can do non-leverage trades in FX still...but the whole point of FX is to employ leverage. It will definitely affect alot of retail traders. Who really has 200k in IB to just trade 2 lots anyways?
 
I'm trying to figure out which is better now, IB fx futures or OANDA forex. I've been trading both and I really don't like the spread on OANDA as my strategy is based around the news.
 
oliver1337 said:
I'm trying to figure out which is better now, IB fx futures or OANDA forex. I've been trading both and I really don't like the spread on OANDA as my strategy is based around the news.
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I'm trying to choose between oanda and FXCM. Why did you go w oanda?
 
Yes, they both are. I have a demo FXCM account and a live Oanda and the spreads are pretty much the same however with FXCM you have to pay commission too. Which I would honestly prefer commission based fees but I'm starting to not really trust any broker that marks up the spread. Fx futures are starting to win in my book but I'm going to give it another 2 weeks and see.
 
oliver1337 said:
Yes, they both are. I have a demo FXCM account and a live Oanda and the spreads are pretty much the same however with FXCM you have to pay commission too. Which I would honestly prefer commission based fees but I'm starting to not really trust any broker that marks up the spread. Fx futures are starting to win in my book but I'm going to give it another 2 weeks and see.
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Hi Oliver,

To clarify, FXCM offers different account types with different pricing models. Mini accounts ($50 account opening minimum) have all-inclusive spreads with no commissions and use dealing desk execution.

Standard accounts (5k minimum) and Active Trader accounts (25k minimum) raw FX spreads with no markups*, because we charge a separate commission. High volume active traders can qualify for discounts on the standard commissions.

FXCM provides No Dealing Desk (NDD) forex execution for all Standard and Active Trader accounts. With the NDD model, FXCM offsets each of your orders one-for-one with the best prices from competing liquidity providers.

liquidity-providers-figure-1-desktop.jpg

That means we don't profit from your losses or lose from your profits. Instead, FXCM makes money from your trading volume, and we want you to be profitable, so you can trade more.


* While FXCM does not add any markups to our NDD spreads since our profit comes from the commission, if you set up your account with us through an introducing broker, then they may charge you an additional markup for value added services they provide such as trading signals or premium charts.
 
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