How is the execution speed at IB and how is their customer service?
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by IB I mean Interactice Brokers of course! I am a happy customer who passed from many scammers before, like O.. FX.. MI.. etc., before I met them, 3 years ago..
The execution is very fast and precise because of the huge liquidity they have. Theis customer service is average but you will not need it!
Anyway you feel that you are in a big, safe house, made for serious traders.
Just one advice and pardon me for the capitals : LEARN THE BOOKTRADER APP.! That's all you need. The link for webinar is here.
Can someone explain to me how to place simple stop loss limits, trailing stops, and stuff like that on this damned thing IB calls a trading platform?
Theirs is hands down, by far, and i mean really by far, the most complicated/uncomprehensive trading platform i've ever seen.
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Hey, The IB Trading Platform is a solid piece of art. Before to work with it try better to learn it and be patient. It's one of the best platform to my knowledge. To place stop loss you just need: Right after Buy/Sell push button, click right mouth button on order line and attach your stop loss. Before that go to "Configure Order Presets" and choose all necessary starting stop loss/trailing presets.
Use recorded webinars on IB website to learn basics.
by IB I mean Interactice Brokers of course! I am a happy customer who passed from many scammers before, like O.. FX.. MI.. etc., before I met them, 3 years ago..
The execution is very fast and precise because of the huge liquidity they have. Theis customer service is average but you will not need it!
Anyway you feel that you are in a big, safe house, made for serious traders.
Just one advice and pardon me for the capitals : LEARN THE BOOKTRADER APP.! That's all you need. The link for webinar is here. ...
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Thanks for the info and the link. As far as the platform goes, it sounds a bit like MB Trading. Everyone said their platform was complicated, but you just have to watch the training videos and it's really easy. I'll check this out.
Not really, IB is far away from MB.. Don't compare Rolls with Zastavas...Learn BookTRader inside out. It pays you back..
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What I meant was I heard everyone say that MB's platform was complicated and difficult, but once you learned it, it was fine. This sounds the same. I've heard IB's platform is difficult as well.
Thanks again, I will take a look at their video. I would prefer the leverage at IB were a bit more, but it's something I can work with.
The only thing that is REALLY annoying is their quoted prices, you will very rarely get filled at the quoted price, usually 0.5 - 1 slippage on GU in normal conditions. This makes their spread look manufactured. There's a slippage control function which if you set to 0 you will not get filled easily! Also i've never yet been slipped for the better which is even more suspect.
ok rant over, anyone else have a view on this?
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in the ecn platform，with market order，usually you can not get the price you clicked on ，because the price is jumping quickly .
Putting limit orders between the quoted bid/ask. Do they get filled?
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Forget it during fast market when spreads increase, you won't get filled. In an average market with average liquidity, on occasion you get filled, but usually in such markets, the spread is 1 or even 0.5 pips, so entering an order at 0.1 pip precision - although possible - is hard to accomplish, i.e. the pip has moved by the time you're done entering your limit order.
I'd say in general, forget trying to scalp inside the spread. Also don't forget they apply slippage, sometimes even if you set it to 0. And in a slower market you probably will not get filled at 0.1 pip precision, morelikely it will slip to the spread, which can be 0.5 pip.
What really keeps me from using Dukascopy plaform for scalping is the lack of keyboard shortcuts.
AFAIK, Oanda has $159 million. Dukascopy claims to have $22 million in "shareholder capital", which isn't saying much. But they offer a bank guarantee option of funding account sizes above $100k, which is interesting.
Forget it during fast market when spreads increase, you won't get filled. In an average market with average liquidity, on occasion you get filled, but usually in such markets, the spread is 1 or even 0.5 pips, so entering an order at 0.1 pip precision - although possible - is hard to accomplish, i.e. the pip has moved by the time you're done entering your limit order.
I'd say in general, forget trying to scalp inside the spread. Also don't forget they apply slippage, sometimes even if you set it to 0. And in a slower market you probably will not...
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What slippage , when u scalp inside the spread u use limit orders and there is no negative slippage in limit orders ...
can u explain what u mean by temporary, as i am planning on opening an account with them for around 5-6k.
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Quote..."03 November 2009 Dukascopy (Suisse) SA has announced the new minimal deposit conditions for retail clients. From now on trading is available starting from 5.000 USD. The policy was changed following rapidly growing demand in this segment."
