DislikedI'm in the US trying to pick a broker and it seems to me it's either Interactive Brokers or FXCM. I've heard good things from people I trust that IB has good spreads and fast fills and no funny business. However I like everything I've heard about FXCM EXCEPT for their stock price plummeting after the Swiss bomb, it just makes me worry that FXCM will go bankrupt and I'll lose my account... but so many people seem to trade with them, why aren't they worried? finding a trustworthy broker is way too complicated, it doesn't help when I see people posting...Ignored
That being said, from what I've heard with FXCM Pro it is possible to negotiate to leave the money in a bank account in your name, but that seems only possible if you trade a few yards a month, and you also have to pay extra comissions because you are tying up their money. (BTW, FXCM Pro is probably very very different from FXCM, they have great customer service, and their product offering is solid and more able to meet institutional clients demands than probably all of the other venues that were quoted in this thread).
Interactive Brokers had somewhat shallow liquidity. It has been a year I don't check their product, but from what I remember they had only about 20M available at a time, and customer service was not great, the person who I've talked to couldn't answer the more sophisticated questions. Spreads also didn't have decimal pip, they were quoted in 0.5 pips intervals.
I'll check them again, just to see if anything has changed.