Quote from jaketrader:
i pay on a sliding scale starting at 40$ per million traded
Jake, you are paying too much. You can trade for half of
that, $20 per million, through Capital Forex or ODLS. And
that is their starting price.
But you would be trading through RBS instead of ABN. RBS's
spreads are similar but there is a little less size on the inside.
However with $500k under management you can't be doing
much size per position anyway/
If you can build up to decent order flow you will find that the
price is negotiable, even with PFG. Lower limit is about $10
per million -- and that is just an estimate based on CurrenEx
charges and what we were getting through Refco Capital
Markets. Who knows, maybe the CX charges are negotiable
also so it could go lower. As the forex ECN models mature,
prices should tend towards marginal cost.... probably around
$1 per million or less.
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