Whats the main difference between FX futures and FX?

[xip]

IB commissions: http://www.interactivebrokers.com/en/accounts/fees/commissionForex.php?ib_entity=uk#currency

For spreads, I would say the CME have an advantage on EUR/USD, at this moment, 1 vs. 2, but IB on other pairs, like EUR/JPY 6 vs. 2.

 

[TradingWise]

Quote from SmoothTraderFX:

Well there is no ideal shop around. It's simply because they have to make money from the spread they show to their customer. So you've got to pay them. No dream.

I don't understand the problem with paying the spread, can you explain? Why is it preferred to pay commissions?

 

[Equalizer]

Quote from Chood:

I didn't mention regulation, but since you raise it, what exactly do you know about it? The only CFTC regulation any of the spot dealers can hold out is registration as a FUTURES Commission Merchant (FCM), which does not apply to forex dealing. (Dealing is not brokering futures.) And that's in the case only of FCM registration. I know of no offshore shops -- which is the vast majority of them -- that have FCM registration. A few are licensed by the FSA in the United Kingdom, which has a good rulebook (by statute), but admits that it lacks enforcement resources.

What the CFTC has done is shut down some cons NOT involving the order and price manipulation of the platform-based dealing of the best bucketeers. Candle-painting, spikes to stops, slippage, re-quotes, algorithyms, price and position discrimination, orders dishonored due to "misquotes" -- the bag of tricks of the shops has not been in the crosshairs of the CFTC. The CFTC does not have jurisdiction over the tricks. See its published rules and its published enforcement orders. Not one involves the bucketing we're talking about here.

Chood, I think xip was referring to my post, so maybe xip can answer this question for me.

Lets say your 4X broker shags you silly on a certain order. What are you going to do? Call the CFTC? And what are they going to do? Its not like every transaction is recorded in some central exchange's Time&Sales data, and of course we also have the concept of "dealable quotes" (did I already mention I lurve that term?).

No system is perfect - but you have to ask yourself which is the lesser of the two evils...

But hey, this is a forum for opinions, exchange of ideas, and above all comic relief

So if many are happy and profitable with SpotFX, who am I to argue.

Relaxo.

 

[xip]

Again, the typical small trader starting to trade the futures on the CME is doomed automatically. The large size will wipe out his account before he has a chance to learn anything. That if anything is a scam on an extremely large scale.

Again, IB works like an exchange, like the CME, but allows smaller size and generally lower costs.

I often compare Oanda's spreads to several other data feeds and have no complaints with executions. If there were any of the problems that you claim happen by default at every spot FX broker, I would leave immediately.

 

[Equalizer]

I don't claim anything, except contingent claims on FX!

Besides, if learning was the issue, why not open a demo account at Oanda, or a real account and trade $1 at a time?!?

Then when you are ready to commit serious cashola you can forego the shenanigans of bucketshops.

Good lurk!

 

[cooldude]

Quote from Chood:
The shills for forex retailers are dumbing down on Moneytec, at least if this recent post on the beginners forum of that board is a guide:
________________________________________________

I am reading a lot of literature on trading (some of it not forex trading) and I do not understand this little detail. Forex is much more liquid that any other trading, it has the biggest leverage, works 24/6 and you could earn a lot of money. Why do people still trade stocks, futures, options and other stuff that is less potent than Forex? Any ideas? What keeps them away from forex?
_________________________________________________
[Caution: quoted poster is not intentionally satirical.]

Could it be that they don't trade forex because they can't find any company named FOREX in the list?


PS
Caution: reply is not intentionally satirical.

 

[liri]

I like more fx fures that the spot forex.

As a TA trader in the spot fx there is not a official high low prices every software vendor has it daily h/l/o/c prices , futures are great if you are a TA trader

 

[FredBloggs]

Quote from TradingWise:

I don't understand the problem with paying the spread, can you explain? Why is it preferred to pay commissions?

did u do math at school?

 

[FredBloggs]

Quote from Equalizer:


...if learning was the issue, why not open a demo account at Oanda, or a real account and trade $1 at a time?!?

Then when you are ready to commit serious cashola you can forego the shenanigans of bucketshops.

Good lurk!

& risk $2!!!

 

[milstar]

Attention to hip


You wrote ... Spread generaly tighter at Oanda as by
CME

1. Operator can not win spread by Oanda ,but skilled
can win by CME / or by SPOT hotspotfx/

2. Independent from spread ,quote can
be not equal to "true interbank"

With specific algoritm clients of oanda
can receive small spread ,which vibrate
with some small amplitude ,which is enough
to cross SL by some of clients groups.

If true interbank spread by hotspotfx for eur/usd
some time 1 pip ,some 2 pip Oanda as company with
profit objective can not give each time warranted 1.2-
1.5 ,without some kind of accumulation,quoute
modification &