IB new forex spreads
- Thread starter oktiri
- Start date
Institutional numbers (lets say I have a 5-10 Million dollars for Margin)
Well, if you were using full margin at 5m, that's $250m so you wouldn't want to hit the market.
Looking at $/ Euro at the moment, IB is 1 pip wide, Eur 9 million per side, and there's another Eur 4 million on each side one pip further out.
However, as there are major FX banks behind these quotes, if you take out the bid/offer it is usually instantly refreshed.
Steve,
From your reply, would it be correct to conclude that the limit problem in IDEALPro has been fixed? That is, the displayed inside size now accurately represents actually tradeable size, per trade.
If so, that would be welcome news to some of us. Would you please confirm that? Thanks.
Quote from Remiraz:
buttontrader is quite good. its a bit pricely IMHO. if only IB would improve their book trader to match!!
I am using zerolinetrader and i just started trading Ideal pro Eur/USD with it. Works well and it is dirt cheap. I have heard Buttontrader is nice but too difficult for me to get used to. I am used to a TT like layout. I was using the Market Depth to trade it. Needless to say. I am much happier.
It seems as though you should be able to take out the size. I have not done 9 mill. but it should be replaced ---I don't know the max size. But I have been watching closely and everytime the size gets taken out ---it seems to be replaced.
Gentlemen
After comparsion of forex with shares ,options on shares ,futures and options on futures author suspect ,
that better not to trade forex.
Grounds
1. Classical agent principal problem Oanda,UBS
2. Brokers ,which are pure agents - hotspotfx,IB refelcted
in books only 1 % of total market
3. As Ramirez stated limit and stop order broadly promouted
but not work /case of REFCO-FXCM/
Clear by FX exist winner ,also by independent operators .
Real money FXCM contest King of the Mini record stated
that 600% per month possibly ,but winner's/loser relation
is worster as by future/stock market .
If some operator will trade FX ,better to trade future as spot .
Yours respectfully milstar/privat person ,Hamburg/
After comparsion of forex with shares ,options on shares ,futures and options on futures author suspect ,
that better not to trade forex.
Grounds
1. Classical agent principal problem Oanda,UBS
2. Brokers ,which are pure agents - hotspotfx,IB refelcted
in books only 1 % of total market
3. As Ramirez stated limit and stop order broadly promouted
but not work /case of REFCO-FXCM/
Clear by FX exist winner ,also by independent operators .
Real money FXCM contest King of the Mini record stated
that 600% per month possibly ,but winner's/loser relation
is worster as by future/stock market .
If some operator will trade FX ,better to trade future as spot .
Yours respectfully milstar/privat person ,Hamburg/
You have some good points. You have to do your homework. I trade currency futures as well. As far as a particular market maker only making up a small percentage --well that has always been true. IB has several market makers. UBS, Bear Stearns and another one. They make up more than one percent. Forex has always been about liquidity and finding good brokers. Now it is just about platforms. There is plenty of liquidity in the system. Just depends on what and how you want to trade. IB forex is good IMO.