saxo sucks

[traider]

If you trade couple hundred million US dollars a month, you can get pretty decent spreads and fills at forex prime brokers.

They are deep liquid providers. Fill is almost immediate. They can fill a $20 million order in couple seconds like it is nothing. Slippery is rare. In addition, they will give you volume rebate to offset the minimal spreads you pay.

What is the minimum you need to open an account at a prime? Last I heard it's gone up to > 5M

 

[helpme_please]

The fact that Saxo can exist and earn net income just short of DKK 1 billion (latest annual report for 2018) is in itself a testament that markets are not efficient.

Saxo provides its customers with an inferior offering in all aspects of the business compared to Interactive Brokers. Every Saxo client has the possibility to choose Interactive Brokers instead, but Saxo still delivers DKK 1 billion in annual net income.

If Interactive Brokers want to target easy and profitable customers, they should target Saxo's customers. Saxo offers a lousy deal compared to what IBKR can offer.

 

[Hittfeld]

Sorry, I don't know.... I guess it's Saxo. Traders could be responsible to their negative accounts depending on agreement with their brokers....

Nay, and that`s why they are now controlled by chinese (Geely and Sampo) ..... and they really improved a lot

 

[Peblo]

How to interpret the bid size of 1M and ask size of 1.5M for EUR.USD? Is it an order to buy 1M euros and sell 1.5M euros?

 

[def]

How to interpret the bid size of 1M and ask size of 1.5M for EUR.USD? Is it an order to buy 1M euros and sell 1.5M euros?

the quote on the left in FX is what you buy with a buy order and sell with a sell.
so in this case, you would be buying EUR selling USD if you bought. For say USD.CHF it would be the opposite.

IB forex is great for intraday trading but the swap rates are not competitive. I find it cheaper to hold CME futures for a longer term position

if you're holding FX positions over $10 million, we have an auto swap program which will significantly reduce the carrying costs. Details:
https://www.interactivebrokers.com/en/index.php?f=1595&p=fxautoswap

 

[Peblo]

the quote on the left in FX is what you buy with a buy order and sell with a sell.
so in this case, you would be buying EUR selling USD if you bought. For say USD.CHF it would be the opposite.



if you're holding FX positions over $10 million, we have an auto swap program which will significantly reduce the carrying costs. Details:
https://www.interactivebrokers.com/en/index.php?f=1595&p=fxautoswap

The quote is:
1M EUR.USD 1.5M
Is it to read: there is an order to buy 1M euros and sell 1.5M euros?

 

[def]

The quote is:
1M EUR.USD 1.5M
Is it to read: there is an order to buy 1M euros and sell 1.5M euros?

Yes, there is also usually much more size moving around very quickly as quotes get updated. He's another snapshot showing .1 pip level quotes and depth. ~4:25 AM EDT/ 5:25 PM HK