Pretty accurate, yes. The broker would usually hedge on the spot market for part of their exposure only when it exceeds their risk limit. Otherwise it is in their interest to take the other side of all retail trades (as retail traders usually lose ...

I don't think there is anywhere which compares the swap rates of different brokers. The majority of traders are short term, often day traders, so it is not a significant issue in their choice of broker. On Metatrader you can usually right click in ...

All your trades are virtual, you open an account in USD and your funds stay as USD. Your account balance is then adjusted up or down as if currencies were bought or sold even though no real buying or selling take place for you (the broker may hedge ...

Can I suggest one of the guys singing it's praises post your actual trades for a week in real time (or near real time) in a public part of this forum. Then the rest of us can judge what value it might have. I realise this involves a fair bit of work ...

Re-inventing themselves as "Spot FX Clearing Corp".

Some police stations will do it for free. Most banks these days refuse unless it is for opening an account at another of their branches or subsidiaries. Solicitors can be relatively inexpensive for this (e.g. £5) but might only do it if they ...

Some people in the past have said that ACM practises "individual pricing" - so you don't really get the claimed spreads. I have no direct experience, so I don't know if this was/is true or just a rumour.

CFTC filings ( url ) indicate their total customer deposits went from 962,851 at end of May 2006 down to 1,212 at end of June 2006.

I think to do all of what you want you would have to write some code and communicate with the exchange using FIX protocol (or any proprietary protocol offered by the exchange or broker).

The problem is that it is the metatrader server software that metaquotes charge lots of money for, only the client software is given away for free. If somebody were to connect a network analyser to their Internet connection they could probably work ...

IG Index are fine (at least for modest size), but remember: 1. All stops and limits are based on the MIDDLE price not their bid or offer price. 2. Fills on stops and limits can take ages to come through (e.g. 5 minutes). But they do say that as long ...

I don't think your local bank will be of much help. At that sort of size you should get yourself set up with a primer broker (e.g. Zaner, FC Stone, London Capital Group, Marex etc.) and they can get you set up on one of the ECN platforms (Currenex, ...

To anyone put off by the inverted scale compared to cash or the premium/discount due to future delivery date the CME have a "cash equivalent" quotes page: url Agreed they are much better than cash forex market makers for the vast majority of ...

Yes, here is the link. Index page for this month and last month url The 3 digit number is the trading day index number from the year, 001=Tue 03-Jan-2006, 002=Wed 04-Jan-2006 etc. Weekends and CME holidays have no associated number. The year 2005 ...

That's nice but be aware that "volume" in any spot forex dealers data or charts is simply the number of price changes in each interval, not the volume of currency traded. The CME data is true volume traded. It's a shame the data is only useful for 6 ...

You can look at the CME daily bulletins, e.g. PG07 for currency futures url the last 3 digits (071 in this case) is the trading day number within the year.

My vote goes to: Currenex for trading (if you can meet the volume requirements). Single click trading. True ECN. Tight spreads. Metatrader or Tradestation for charting (and flexibility to write your own code etc.)

One thing to remember with IB is that if your account currency is different from either of the currencies in the pair you are trading then they double the margin requirement from 2% to 4%. E.g. if your account is USD and you trade EUR/JPY they ...