Which Forex Brokerage Firm?

I think those who insist on ECN style brokers are fooled by the promise of transparency. There's is no real transparency in FX because there is no single exchange to report ALL transactions. ECN style brokers are only providing transparency within their customer base.
 
Quote from itrader911:

I think those who insist on ECN style brokers are fooled by the promise of transparency. There's is no real transparency in FX because there is no single exchange to report ALL transactions. ECN style brokers are only providing transparency within their customer base.
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Yes, but if you trade with a large ECN you can see more liquidity than you could ever use.
 
Quote from itrader911:

IB must pay you guys very well. You sure are on top of this subject
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Hahahaha. The shill for MG accuses anyone who disagrees with him of being paid by ECN's.

No. I know a lot about this because I actually care about trading and did my homework before I put my money to work at just any brokerage firm.
 
actually I think there is someone else using the handle now. There are definitely two different writing styles present, so unless he suddenly became a better author, I am inclined to think it is someone else. Not the first time we've had this here.
 
Quote from Trader KGB:

Dukascopy has TERRIBLE swap rates (as does EFX/MBT). Both brokers charge interest on long yen crosses, which is outright robbery. It's no wonder most FX brokers make you jump through hoops to find out what their swaps rates are..

IB remains the only retail FX ECN with reasonable swap rates. Though if you've got the capital, you're probably better off going with a prime broker Currenex/Hotspot platform.
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Hello,
what about the difference between swaps if you are direct with a prime broker, than with a retail MM? Can you observe a difference and how much ca.?

Has somebody a link to a table of swap rates representative for a prime broker?
Thanks
 
Quote from twinx:

Hello,
what about the difference between swaps if you are direct with a prime broker, than with a retail MM? Can you observe a difference and how much ca.?
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A good PB will offer you the same LIBOR/LIBID they're quoted from their banking partners.
 
Quote from Trader KGB:

A good PB will offer you the same LIBOR/LIBID they're quoted from their banking partners.
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A good!
But what about additions, why should'nt PB earn money with additions to "LIBOR/LIBID", like dealing desks do?
Depends on your account size or trading volumen, to get the same LIBOR/LIBID like their banking partners? How to find a good one? ;)
 
Hello Twin, I though I would enlighten this discussion a bit. A Prime Broker would be AIG, RBS, UBS, Etc. A retail trader would never be able to interact directly with these banks and financial institutions. CurreneX allows access to the prime brokers though a white lable provider such as my favorite PFG, and others fimat, propfx, gft ect. Just thought folks would like to know.



The Ever Elucidating VIPER
 
Hello to "The Ever Elucidating VIPER"!

1. A Prime Broker would be...AIG, RBS, UBS, Etc.
Ok I took a look at this list: http://en.wikipedia.org/wiki/Prime_brokerage#List_of_Prime_Brokers
But its just a question of account size, or not? I red you can start at quarter mio., or better say 1mio.$
"A retail trader" would than be able to interact directly with these banks and financial institutions. Why not?
But this question is not so exciting isnt? :)

2. What are the differences between Prime Broker rates swap and "white lable providers" swap rates?
This is my question:
...what about additions, why should'nt PB earn money with additions to "LIBOR/LIBID", like dealing desks do? :confused:
 
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