TD Ameritrade (formerly thinkorswim)

Guys,
I have been with Thinkorswim for a few years, and I love its platform by my heart. Lately I have been looking at its forex trading. As some of you might know, that they offer two forex trading schemes. For the commission based forex, the spread is very low (seen 0.1 pips several times on major pairs). It looks like it's more like an ECN rather than DD.

Talked to one of its reps, and he confirmed that their commissioned based forex is truly ECN. Can someone confirm this, I suspected that they were lying about it. Anyone have ever traded it? How's your experiences.

Thanks a lot.

ECN=direct market access=no profit.

so they need commission for profits.

thanks. never mind, they are just being stupid. when i ask who will take my order, they admit it will be the dealing desk. stupid people.

haha Thats funny. Can you see their liquidity? On eurusd on european session how much is it per point(5th decimal).

I can only see 1 level of liquidity, usually several millions of depth for both sides. the spread is consistently below 0.5 pips during european session, which is very competitive. but they charge $10 per lot, which totally destroys the benefit of tight spreads.

I believe you should be able to negotiate their commsission if you are trading big. If not change broker. Thanks for the info.

P/s I don't know much about liquidity yet..one day i will want to visit the banks themselves and ask about liquidity on average