Take note....citifx increases your spreads...dangerous to trade with them......they are not honest
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Their retail side is just pure dealing desk. Go institutional with them if you have the money or just go for other broker which provides ecn. If you are in the us you may check fastbrokers. (i haven't used them though).
Update: Owh gosh i didn't see it 25 million means 250 lots. Maybe there will be some slippages i don't know.
So, in your opinion, whats a fair spread for 20 Mil? Do you think it should be the same as, for example, 100K ?
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You should be trading with a proper ecn or even at interbank level if you have the money. Straight through a bank becoming like a broker your self.
20 million equals to 200 lots. I really would like to know this myself. Can you explain to me shriker or anyone?
What is the liquidity per fraction of a point on eurusd in european session. Of course it won't be the same all the time but usually?
My guess there will be some slippages one or two pips...i don't know haven't been there. At least not yet.
Can anyone clarify this to me? Especially those that are already trading at proper ecn/using a prime broker.
So, in your opinion, whats a fair spread for 20 Mil? Do you think it should be the same as, for example, 100K ?
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i just put in 100 billion on the platform on gbp/usd and the spread went to 5.8 not bad if your trading 100 billion thats the max you can trade, i trade the 50k with comm, on 100k lot the spread is 0.6 and i pay $5.40 round turn on that lot, im around 2mill lot so my spreads are 1 to 1.2 not including the comm witch will make it around 1.6 spread
i just put in 100 billion on the platform on gbp/usd and the spread went to 5.8 not bad if your trading 100 billion thats the max you can trade, i trade the 50k with comm, on 100k lot the spread is 0.6 and i pay $5.40 round turn on that lot, im around 2mill lot so my spreads are 1 to 1.2 not including the comm witch will make it around 1.6 spread
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What if you are trading on real ecn or the interbank market using a prime broker?
What if you are trading on real ecn or the interbank market using a prime broker?
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same thing, the bigger the trade the bigger the spread, lets say your trading 25mill on a ecn, you want to buy 25mill eur/usd, at 1.5500, one LP my quote 5mill at 1.5500 next might quote 1.5501 at 5mill and so on uptill your order is fill, so your average spreads might come out to be 2 to 5 pip spread, like i said im a trader not a whinner
same thing, the bigger the trade the bigger the spread, lets say your trading 25mill on a ecn, you want to buy 25mill eur/usd, at 1.5500, one LP my quote 5mill at 1.5500 next might quote 1.5501 at 5mill and so on uptill your order is fill, so your average spreads might come out to be 2 to 5 pip spread, like i said im a trader not a whinner
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I thought the fx market is a lot bigger than that?
I thought the fx market is a lot bigger than that?
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it is, you get about 20mill then you can talk prime broker status, and citi also offer that, untill then you wont see that kind of LQ on no retail platform
On CME you pay 3 to 4 ticks in spread too for 200 contracts (= 25 mil) in eur/usd.
I dont have this problem, but i suppose there are more clever ways to execute such size than doing this with 1 click.
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me either, i get in on limit entry and exit when t/p or s/l get hit so i don't know the spread when i get in or out of the market, i don't use market order for entry or exit
this is really crap.......makes no sense to increase your spreads......obviously they don't want you to win........if u win alot, they probably freeze your account
