IB Vs. ....

B

BenChi

Hi,

Am a relative forex newbie, and am wondering about IB's commission schedule vs. other brokerages. IB claims that they charge a commission on Forex trades because their spreads are so tight that you are in effect still saving money in spite of the commissions. Just wondering if any experienced retail forex traders could confirm that this is the case...

Is there a better way to go?

Thanks!

-Ben
 
Quote from BenChi:

Hi,

Am a relative forex newbie, and am wondering about IB's commission schedule vs. other brokerages. IB claims that they charge a commission on Forex trades because their spreads are so tight that you are in effect still saving money in spite of the commissions. Just wondering if any experienced retail forex traders could confirm that this is the case...

Is there a better way to go?

Thanks!

-Ben
More...

Because of the commission IB are usually a little more expensive than say Oanda for small traders, but you are getting the huge advantage of a ECN type system.
I use Oanda at times and IB at times (and IB for currency futures).
 
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