DislikedHi FTI,
another member just sent me a PM with similar content.
You should really think about whether you want to go down the institutional or retail road. I dealt for years through the corporate platform of a retail broker because a few ticks in the spread didn't bother since trading was free of commissions. Its really a question of making a thorough calculation.
Scalping with roundtrip cost of up to 50 bucks per million us$ can be very costly over time. On the other hand, if you need to wash through 50 to 100 million dollar on a single trade that lasts for days and weeks, I guess $2500 fee is not much to pay for smooth and instant execution in those amounts.
regards
daytradingIgnored
Picture this.
If I was a retail broker.
Took price feed off the broker feeds.
Made a module that reads that feed.
Then have a module that reads the customers blotter on every trade and shade the feed against the customer for a couple of pips.
Yeah no bro, but amounts to stealing from customer, doesn't it.
If I could just take the loose change out of all the banks customers , every time they had a dealing with the bank , I would ultimaely have a money press, wouldn't I?
Is this above scenario possible?, sure is.
I hate to have money stolen from me every time I trade.
If thats true, I much prefer to have to pay "reasonable" bro, to an honest service than have a thief stealing from my books.
regards