IB spread on USD CAD is poor

J

junkone

I am looking at a bid ask spread of 4 pips on usdcad these days. I am seeing it this worse in the last few weeks. whats going on suddenly that the spread is so POOR.
 
Quote from junkone:
whats going on suddenly that the spread is so POOR.
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Holiday season is going on. Thin trading. 8 pips spread in the CAD globex futures, too.
 
If its with IB is it 4 pips or 4 half pips? I kinda like getting half pip spreads (vs 1 or 2 pips on futures) for the euro usd earlier today.

Check it against the futures.

I looked at Oanda on Sunday open (an hour or so in) and the IB spreads rocked by comparison.
 
Quote from kiwi_trader:

If its with IB is it 4 pips or 4 half pips? I kinda like getting half pip spreads (vs 1 or 2 pips on futures) for the euro usd earlier today.

Check it against the futures.

I looked at Oanda on Sunday open (an hour or so in) and the IB spreads rocked by comparison.
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On Sundays open, Oanda keeps spreads at 10 pips on pairs until 8pm then allows them to "float". Their spreads don't tighten until Eurpe/USA time, even on the Asian pairs, which I thought as quite wierd. You'd think the Asian pairs would tighten up during the Asian sessions.
 
Quote from junkone:

can someone verify with usdcad with mbtrading. they claim thier spread is 1/10 pip. if they are really that low. i am jumping ship from IB.
http://www.mbtrading.com/fx/spreads.asp

I see today no different from rest of the days. eurusd 1 pip spread. usdchf 2 pip spread. usdcad for past 4 weeks 4 pip spread.
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They claim the spread can be "AS LOW AS " 1 pip, but I have never seen it, even in the fastest of markets. Can you also believe that you can find spreads as low as 1/10 pip on the GBP/JPY as well?

Also, if you go with MBT, your commission costs jump 150% than what you pay at IB ($2 vs 5), so take that into your calculations as well.
 
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