Hi,
I am trading mainly the eurjpy and do so using Interactive Brokers as my main broker. I also opened a small account with MBTrading and DBFX to compare and use as back up. I am open to use any broker as my main broker as long as they are reliable and the spread is competitive.
DBFX stated on the website and also in the demo a 2 pip spread on average for the eurjpy, in reality low 2 pip numbers are rare, the average willl be somewhere between 3-4 pips and +4 pip spreads are pretty normal during european market hours.
MBTrading is trading between 2.2 and 3 pips most of the time.
Interactive Brokers is trading between 1 and 1.5 pip most of the time.
You probably see now why I stick to IB as my main broker. I asume that DB is also one of the liquidity providers for the other brokers and can't see why there has to be such a huge difference between dbfx and IB. Furthermore I can't see why dbfx uses all kind of excuses to keep there spread this big. The spreads at dbfx widened when North and South Korea began their latest disput, but never got back to the more or less low spread for the eurjpy that they had before. MBTrading is a fine company and is competitive in lots of ways to Interactive Brokers, why is it that they can't get enough liquidity (providers) to the eurjpy to offer a spread that comes close to the Interactive Brokers spread? The MBT spread is on average about twice the IB spread....
I hope some active eurjpy traders can comment on this and maybe add some reliable eurjpy brokers with competitive spreads (european session). Besides that I would highly appreciate any comment from DBFX and MBTrading as I didn't open an account with them for fun, but because I trusted them with my funds and for trading, and now somehow am slightly dissapointed.
Thanks,
pbb
I am trading mainly the eurjpy and do so using Interactive Brokers as my main broker. I also opened a small account with MBTrading and DBFX to compare and use as back up. I am open to use any broker as my main broker as long as they are reliable and the spread is competitive.
DBFX stated on the website and also in the demo a 2 pip spread on average for the eurjpy, in reality low 2 pip numbers are rare, the average willl be somewhere between 3-4 pips and +4 pip spreads are pretty normal during european market hours.
MBTrading is trading between 2.2 and 3 pips most of the time.
Interactive Brokers is trading between 1 and 1.5 pip most of the time.
You probably see now why I stick to IB as my main broker. I asume that DB is also one of the liquidity providers for the other brokers and can't see why there has to be such a huge difference between dbfx and IB. Furthermore I can't see why dbfx uses all kind of excuses to keep there spread this big. The spreads at dbfx widened when North and South Korea began their latest disput, but never got back to the more or less low spread for the eurjpy that they had before. MBTrading is a fine company and is competitive in lots of ways to Interactive Brokers, why is it that they can't get enough liquidity (providers) to the eurjpy to offer a spread that comes close to the Interactive Brokers spread? The MBT spread is on average about twice the IB spread....
I hope some active eurjpy traders can comment on this and maybe add some reliable eurjpy brokers with competitive spreads (european session). Besides that I would highly appreciate any comment from DBFX and MBTrading as I didn't open an account with them for fun, but because I trusted them with my funds and for trading, and now somehow am slightly dissapointed.
Thanks,
pbb