What is the Best FX Broker?

Quote from OddTrader:

If EuroFX futures is truly a perfect product as some people think, why did CME invent FXMarketSpace for spot FX? :D
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because there are plenty other currencies moron
 
Quote from NickBarings:

Ddunbar,



You don't have that problem with futures ?! you gotta be kidding ?

daymargin for mini S&P of 500 ; 500$/71850$ =ONLY 0.69 %

That's a lot riskier that 2 % for forex in regard to debit situations
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:)

Now you're talking about S&P e-minis? LOL.

First of all, That risk will be born by the stupid brokerages that offer that kind of DAYTRADE margin and don't have safeguards in effect. BUt they do, I'm sure. If your position drops 2.5 points, they'll probably liquidate your position. Those brokerages, if you notice, say nothing about a margin call. And that's b/c they won't call you for margin, they'll just liquidate your position.

Secondly, The S&P doesn't have nearly the volatility that currencies do either on an intraday or daily basis. So the probabilty of an account going negative trading S&P e-minis is remote.

Thirdly, there aren't any cross margining setups possible with the E-mini like there is in spot currencies. Eur.usd, Jpy.eur, usd.jpy, etc, that can easily wreak havoc given their correlation on margin should the positions go awry .
 
Quote from ddunbar:

:)

Now you're talking about S&P e-minis? LOL.

First of all, That risk will be born by the stupid brokerages that offer that kind of DAYTRADE margin and don't have safeguards in effect. BUt they do, I'm sure. If your position drops 2.5 points, they'll probably liquidate your position. Those brokerages, if you notice, say nothing about a margin call. And that's b/c they won't call you for margin, they'll just liquidate your position.

Secondly, The S&P doesn't have nearly the volatility that currencies do either on an intraday or daily basis. So the probabilty of an account going negative trading S&P e-minis is remote.

Thirdly, there aren't any cross margining setups possible with the E-mini like there is in spot currencies. Eur.usd, Jpy.eur, usd.jpy, etc, that can easily wreak havoc given their correlation on margin should the positions go awry .
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While an exchange of futures can cease trading a futures, the interbank spot FX never.
 
Ddunbar,



If IB was really concerned about debit situations they would
just need to increase the margin requirement and not limit
the trade size, we still haven't had our answer from Steve
regarding "unethical" trades...
 
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