IB new forex spreads
- Thread starter oktiri
- Start date
Setharb, thanks for your suggestions.
No quotes on futures because US reset. I was actually around B/E at the time and looking to get out of a double fill I got by (my) mistake at scratch +, which I would have been able to do if the quotes had moved with the market - was trying to avoid IB USD 30 charge .
The IDEALPRO quotes did not go offline the way US quotes do during reset so there was nothing to suggest that the quotes were dead other than the fact that they were not moving.
No quotes on futures because US reset. I was actually around B/E at the time and looking to get out of a double fill I got by (my) mistake at scratch +, which I would have been able to do if the quotes had moved with the market - was trying to avoid IB USD 30 charge .
The IDEALPRO quotes did not go offline the way US quotes do during reset so there was nothing to suggest that the quotes were dead other than the fact that they were not moving.
def
Sponsor
IB is not broking against the future. We currently have two independent banks making markets.
The blurb from our last communique answers your other questions....
unlike other brokers that build their commissions into your spread, IBâs pricing is transparent, with dealer spreads and commissions charged separately. IDEAL Pro Forex commissions are .00002 of the trading currency value with a minimum of $5 or USD equivalent. Over the coming months we plan to add additional Forex dealers to continue to increase the competition.
Thanks.
When it gets volatile and over numbers what is the spread typically in the euro dollar?
Is it an automated system or does he trade have to be manually accepted? If you say hit a bid at 1.3259 and it has moved by the time IB had received the request is the best bid shown or is the trade just rejected?
When it gets volatile and over numbers what is the spread typically in the euro dollar?
Is it an automated system or does he trade have to be manually accepted? If you say hit a bid at 1.3259 and it has moved by the time IB had received the request is the best bid shown or is the trade just rejected?
def
Sponsor
These are live quotes thus what you see is what you get. If a bid is updating when you try to hit it, there is a chance you'll miss it. conversely, if the bid is improving as you send try to hit it, you'll get the better price.
the spreads over numbers should be similar to true interbank rates. i can't speak for those making markets in this product but our expectations are that they (and the others who should be joining in the future) will live up to their billing.