IB new forex spreads

Quote from zf trader:

I would like to trade globex currency futures option, when is IB going to offer this
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I don't think they have been launched yet thus I assume when they are launched. If not, we should be offering them shortly.
 
Quote from def:

Steve addressed this in other threads. Globex offers very tight spreads and has certain advantages over FX spot such as the exchange clearing house being counter party to the trade (we only have large international banks as counter party so that isn't as great an issue).

The FX spot however can be traded in the size you prefer which might offer more exact hedging advantages. You can also use spot FX to due currency conversions. I'm not an expert on FX yet so I think it's best to defer your question to those who trade both. Also fyi, Steve is travelling this week and his ability to post is unknown.
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Thank you, def. I will check the relevant information in other threads.
 
Is anyone here trading these daily? Or is everyone waiting for the margin to come down and the hours to be extended? The spreads appear to be tight.
 
Quote from SethArb:

IB seems to be better with some of the other
pairs compared to Oanda
( yes I know .. .the commission )

but I don't think there are "re fresh " quote problems with them like some of the others

( ok ... not sure how IB would be during NFP # )

:p
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Have you been happy with your Forex trades made thru IB? their spreads don't seem any tighter than say Refco, and I am certain they are not as tight as Oanda. The one thing about Oanda is as soon as a little volatility hits that spread can widen 10 pips on EUR/USD, does that happen with IB?

Thanks
 
My experience is that the spread on EURUSD with IB's Ideal Pro stays nearly aways at 2 pips. I have never seen it open up to 10 pips. However I have only been on Ideal Pro for a few days. I will post if ever I do experience such wide spreads.
 
While I understand that we as traders want to get the tightest spread we can. But during some major news events I think it is unreasonable to expect spreads to be maintained very tight all the time. Banks will not execute a trade unless they can profit from it. With major event risk, widening the spreads is often the only way they can profit during a brief period when event riskis high.

As has been posted several times, IB has nothing to do with the spreads they show. These are only the best rates they can get at the current time.

MK
 
The IB website says stop orders are not permitted for forex trades. Can this really be correct? If so, it seems only traders glued to their screens could trade there. If this is incorrect and stop orders are permitted, does IB also allow forex OCO, trailing stop and/or if done OCO orders?
 
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