Need A Real Professional FX Broker

loyek590 · May 6, 2015

Fundlord said:
I don't think many retail traders move billions through the market, is that a typo ?

go to interactivebrokers.com then commissions then forex you lazy bitch
and it's less than1 billion, that's what < means

volpunter · May 6, 2015

Not a typo. So for your size I think IB charges the equivalent of around 0.3pips in commision and another 0.2 pip spread In Eur. Do the math. You won't find a cheaper broker when you include the fact that execution quality via IB is top notch

Turveyd said:
Whats the comms pip wise, so total cost?

I guess at 1.1 area on that for FXCM in total.

Mainly trade DAX at 1.0 till 5pm gmt.

Fundlord said:
I don't think many retail traders move billions through the market, is that a typo ?

Javier · May 7, 2015

Fundlord said:
IC markets they are from Australia, they have been great for for everything else except the occasional freezing. I know they don't scam me because I get slipped in my favour as much as against.

ICMARKETS trade agains you like a beast if you dont deploy minimum lot that could send to market. Example, you trade 0.01, you are extremly fucked.

volpunter · May 7, 2015

lol, so this is just another thread where we talk 5k or 20k order size?

I pass...

Javier said:
ICMARKETS trade agains you like a beast if you dont deploy minimum lot that could send to market. Example, you trade 0.01, you are extremly fucked.

Javier · May 7, 2015

volpunter said:
lol, so this is just another thread where we talk 5k or 20k order size?

I pass...

sorry didnt realized he moviming millions... lol why not use iB?

Fundlord · May 7, 2015

IB says you have to be over 21 to open a margin account, Ill have to wait a few weeks LOL.

Back when I traded 0.10 lots I had no issues, since my stops were 50+ pips away.

Turveyd · May 7, 2015

Javier said:
sorry didnt realized he moviming millions... lol why not use iB?

We all do, 100K if $10 per pip I think, so 20 positions in a month and hey presto that's the Mil, not 100% sure on the numbers though might be 1/10th that or 10x's that LOL

doggyfx · May 25, 2015

Fundlord said:
I am sick of my retail broker always freezing when I need it to perform most.

I want a broker who a pro trader would use, having been extremely profitable for over a year I am at my wits end with these bucket shop brokers.

The main issue is when a large move in price is occuring my broker will freeze for about a minute, i won't get quotes can't place orders stops etc.

I am not in the US so I can take advantage of worldwide brokers.

I do a lot of short term plays so I need access to speed and great execution.

Are you turning tens or hundreds yards monthly or just messing around 20-30 lots? Not sure prime brokers will agree for a deal with you, all they want is a lot of commission from your mighty trading volume

. As a worthy alternative I can suggest VIP account from Hotforex (if you have 40K in your pocket), there is a direct quote feed from Currenex and quite tight spreads.
Guess it should suit you.
Good luck

Fundlord · May 25, 2015

doggyfx said:
Are you turning tens or hundreds yards monthly or just messing around 20-30 lots? Not sure prime brokers will agree for a deal with you, all they want is a lot of commission from your mighty trading volume. As a worthy alternative I can suggest VIP account from Hotforex (if you have 40K in your pocket), there is a direct quote feed from Currenex and quite tight spreads.
Guess it should suit you.
Good luck

Assuming a yard is $1,000,000,000 then no Im at about $20,000,000-$50,000,000 per month

Peternam · May 25, 2015

volpunter said:
nonsense, currency futures spreads are wider. At IB you pay on average a 0.2-0.3pip spread to trade EUR. Not sure about liquidity though, I have not looked at currency futures in ages.

only 0.3 pip total commission ?