Dislikedeuro,yen 1 tick spread and ur in profit if ur 1 tick up inclusive of commission R/TIgnored
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Efx/mbt 1 reply
DislikedMBT/EFX offer minimum trade size of .1 lot or 1000 currency units. So the commission would scale based on the size you are trading.
Example:
100,000 = $5.00 per trade
10,000 = $0.50 per trade
1000 = $0.05 per trade
The execution is all the same.Ignored
DislikedI can. Oftentimes put an order to buy in 0.5 pip above the bid, sometimes get filled, other times get filled at 0.5 below my limit (price improvement). Other times, don't get filled at all. All depends if there's a seller at my price and how active the market is. The point is, traders can trade within the spread at IB, just like at EFX, Hotspot, etcIgnored
DislikedGlad I could be of help. fwiw, I may look into TS in the near future for some systems work and will comment on the FX side.Ignored
DislikedHi Justin,
Is this fee structure exactly the same as MBT?
For micro and mini lot size, are they less chance of being filled compared to standard lot size?Ignored
DislikedThey're usually the same for the euro and yen (1 pip on both spot & futures), and roughly the same on the aussie, pound, and cad during market hours. Right now in the pre-Asian session, yen and euro futures are both 1 pip, but pound/aussie/cad are all about a pip or two wider than spot.
Live CME futures prices (requires free signup)
IB's IdealPro can trade in 0.5 pip increments, so occasionally euro and the others are at 0.5 pip spread, but more often than not they hover around 1 for euro, yen, aussie; 2 for cad; 3 for pound.Ignored
Dislikedwhat's the point of a 1 pip spread if theres only 5 contracts available? The futures vs spot debate has and will continue to raise tension but I cannot understand why anyone woudl choose futures over spot.
The margin requirements for futures are much higher (ok not necessariyl a great thing), consistent size is not always available unless you intend on trading 1 lots and it's only worth considering eur sterling yen and swiss.Ignored
DislikedThe lack of liquidity in futures is a falsehood (from a trader's perspective). Institutions automatically arb the futures market so any spot/futures differentials rarely exist. I've had 100 lot limit orders execute in the overnight market when the book was only in double digits depth-wise on the Aussie. That's without paying the spread as well. Don't judge liquidity by the size in the book, the DOM in any market is quite often misleading as most traders/institutions try to mask their size.
Margins for FX futures usually translate to roughly 80:1, which should be more than suitable for any real trader.Ignored
DislikedIt's a close race. They're both very good brokers... IB's been around for a very long time, and are known by most older traders. MB Trading is known for their futures...Ignored
DislikedI don't see TS being a very good option. Execution stinks. They pass to Gain or GFT, I believe.Ignored
DislikedMBT/EFX offer minimum trade size of .1 lot or 1000 currency units. So the commission would scale based on the size you are trading.
Example:
100,000 = $5.00 per trade
10,000 = $0.50 per trade
1000 = $0.05 per trade
The execution is all the same.Ignored
Dislikedhey, check out England Foreign Exchange http://www.efxco.com/Services/Advant...0/Default.aspx
see if its good for you or not!!! Good luckIgnored
DislikedHi, i've just created a demo account on Interactive Brokers. Can someone explain to me why the hell all their currency feeds are off by some 150+ pips?
While EURUSD is right now at 1.3867, their platform is saying that it is at 1.4033! USDJPY is at 95.963 but they're saying it is at 98.950. LOL!
Any IB customer, can you explain to me what's going on? Is it just their demo platform that's crazy?Ignored