Getting in the interbank

Hi guys.

I am looking for some cheap ways (and trustworthy to get into the interbank market.

So I am going to show you what I got.

OANDA

Not an interbank broker but OANDA is the most trustworthy broker for normal people and can work with up to 10.000.000 usd in single transactions (100 lots)

STP BROKERS

That interests me a lot. They push the orders in the real interbank. Are they paid in commision or spreads? Do you know any trustworthy brokers in that field?

ECN BROKERS.

Here you got a real dealing room. You make your own bids in the market which is a real market and not an artificial one like market makers (gain capital or IBFX are some exaples of market makers also called bucket shops because they bucket the orders)

In an ECN environment everybody can be a market maker. But one problem is that there is thin liquidity.

INTRODUCING BROKERS

I am very interested in that. Thing is that I am not exactly sure about how it works. What is the smallest amount I need to go to these guys and what exactly do they offer? What's their leverage?

BIG TIME BROKERS AND CLEARING HOUSES ETC

I am not talking about gain capital or anything like that but I am talking about big time brokers which offer services to corporate customers or big investors. Again what's their leverage and what's the least amount of money to get in

AND NOW THE BIG BANKS
GOLDMAN Deutche bank etc is the big time way to get into the game. These guys serve big time players like big hedge funds and individual speculators. What's the buy-in here? I have heard it's 100.000.000 usd or eur. Do they have the 100:1 leverage?

I am opening a corporation (low budget offshore tax haven). And I want to get to know the buy-ins and the leverage.

Hope you have a nice trading day.

What I actually need is a corporate account for my offshore company to play the real interbank.

100:1 leverage

And in the smallest price to get in

But the most important of all is trust. I don't want a scam bucketshop

Actually I am very interested in those big banks which have retail platforms and allow corporate accounts like dbfx.

But can they handle real big orders. Let's say a 100.000.000 order?

Tbh, if your talking about huge lot sizes like that then you would not need "cheap" way to enter the interbank market.

So far, the only real broker I have found for institutional are HotSpotFX, with a minimum deposit of $1 million USD.

Very steep because it's the top end. However there are smaller brokers like the Collective FX, that claim pure market spreads and prices.

Dukascopy also offer accounts they say are suitable for institutions and hedge funds, such as the Standard, FIX API, Custodian and VIP accounts. Minimum deposits ranging from $5000 USD to $500,000 USD.

Alpari Uk also offer a pro account with very low spreads.

Hope this helped,

Chris

Unless one is an institutional with at leas $15M credit I seriously doubt anyone can access the true interbank market. Interbank is exactly that - for banks (and other institutionals). For humans like us, we have to choose from brokers with primebroker access and we will be limited to their liquidity and their relationships (which could be a good thing at times). As Chris mentioned if you have about $500K you can access some better liquidity, using say Hotspot, EBS, Dukas, it won't be true interbank, but close enough. Beware that this doesn't necessarily mean better spreads or leverage, but deeper liquidity, which in turns it generally provides a more stable spread. One more thing to keep in mind, banks generally don't like to exploit their relationship with other banks or market participants to trade during a news event or scalp over network latency to make a quick buck. So if these are anyone's intentions, then banks may pull the plug on that trader making themselves invisible to him during those times.