Will IB offer Forex?

J

josecruset

Recently, I heard that IB will offer Forex-trading starting this summer.
Anyone knows something about this? (would be great, I think: Everything in one account!)
Cheers :)
 
I find it much better to trade FX futures already available at IB, spread is 1-2pips and executions are great. Also, margin is $1250 for $125000 worth for instance. I.e 1:100.
 
I also heard some rumours. Makes sense they will. TradeStation offers 3pips spread on major pairs and 1:100 leverage.. hopefully IB will offer at least similar conditions. Can't really ask them for 2 pips spreads I reckon..
 
Quote from Sashe:

I find it much better to trade FX futures already available at IB, spread is 1-2pips and executions are great. Also, margin is $1250 for $125000 worth for instance. I.e 1:100.
More...

Thanks for the info.
Is the volume and the bid/ask spread comparable, too? Especially, if you look at AUD, CAD, etc.?
Thanks

Cheers :)
 
Quote from Sashe:

I find it much better to trade FX futures already available at IB, spread is 1-2pips and executions are great. Also, margin is $1250 for $125000 worth for instance. I.e 1:100.
More...

Do you trade through the CME/Globex?

Could you give an example of an FX futures trade with the symbols used?

I looked over the IB site, but I am confused about how/where to find the appropriate symbols.

Do you have a regular IB futures account? Or do you have to have a special type of account?

Thanks for the help, I have never ventured into the currency markets. But it seems that a lot of folks are giving them a try.

Can't be sure how successful thay all are.

:cool:
 
I have a universal acct with IB which includes stocks, options, futures. To trade currency futures you need a regular futures account (like one you use to trade ES). To get a quote on Eurofutures for example -type EUR in your TWS. Choose Futues and then Mar 2004, then choose Globex. Margin is $1249 for 1 contract. $12.50 is the tick size. If you have any other question I will gladly assist.
 
Quote from Sashe:

Also, margin is $1250 for $125000 worth for instance. I.e 1:100.
More...

Wow. So with a 50k account you could have leverage of
5 Million? I will be rich in no time at all...

Look out Bill Gates!... :D
 
Quote from Sashe:

I have a universal acct with IB which includes stocks, options, futures. To trade currency futures you need a regular futures account (like one you use to trade ES). To get a quote on Eurofutures for example -type EUR in your TWS. Choose Futues and then Mar 2004, then choose Globex. Margin is $1249 for 1 contract. $12.50 is the tick size. If you have any other question I will gladly assist.
More...

Could you tell us some experience about trading these futures? Especially, I'd be interested in the liquidity and the slippage, etc.
Thanks a lot!
Cheers :)
 
and tight spreads .... 1-3 ticks usually

in EUR contract

it is useful to keep in mind the spot / futures spread

by the way .
 
Quote from SethArb:

and tight spreads .... 1-3 ticks usually

in EUR contract

it is useful to keep in mind the spot / futures spread

by the way .
More...

So, you also think that it is not necessary to trade Forex?
(I don't know, just asking)
Cheers :)
 
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