Forex broker

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Shiny Things

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SaulGoodman said:
May I know which forex broker are you guys using?

Thanks.
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Interactive Brokers.

On the one hand: $2/trade brokerage (or 80 cents if you trade the CME FX futures instead of cash). On the other hand: great systems, deep liquidity, and the ability to trade physical FX or futures/options if you want it, instead of just CFDs.
 
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neanea

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Need to pay monthly subscription?

Shiny Things said:
Interactive Brokers.

On the one hand: $2/trade brokerage (or 80 cents if you trade the CME FX futures instead of cash). On the other hand: great systems, deep liquidity, and the ability to trade physical FX or futures/options if you want it, instead of just CFDs.
Click to expand...
 
zacattack

zacattack

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Optionstrader said:
Bro brokers earn through pip spreads so find one that has tight spreads suggest u read up more all the best

Sent from Asus ASUS_Z00AD using GAGT
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Not all brokers earn with pip spreads. There are those that earn with commissions too. Usually those that earn with pip spreads are market makers or bucket shops. Those with comms are usually ECN.

SaulGoodman said:
May I know which forex broker are you guys using?

Thanks.
Click to expand...
Since TS is looking for a forex broker you should go check out wgat each broker offers. See if it suits you. Some ok with comms,then IB would be good. If spread then there is Oanda, FXCM etc. But oanda is a market maker.

Sent from Samsung GT-N8000 using GAGT
 
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alexchia01

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If you are serious about trading Forex, trade Futures.

Futures are transparent. Future don't have spread. All Futures brokers charge standard commission. This mean there is no conflict of interest, where spread are manipulated to make you loss money for the interest of the broker.

As a trader, precision of entry and exit is important. Futures allow you to do this, while Forex can't, because of the inconsistency of spread.

Futures are fair, regardless how big or small you are, or where you are, all players sees the same price movement and pay the same price.

I understand that many people chooses to trade Forex due to it's low capital required. But all are screwed left right center by the brokers they are using.

I rather be treated fairly than having it cheap and get screw every time.

You can use IB or TradeStation.
 
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Shiny Things

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neanea said:
Does IB charge monthly subscription fee?
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If you have more than $100k in your account, then no. If you've got less than $100k, then you get charged $10/month, but that gets offset against the first $10 of brokerage charges you pay each month.

So if you trade >$10 worth of brokerage in a month, your monthly account maintenance charges will be zero.
 
zacattack

zacattack

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alexchia01 said:
If you are serious about trading Forex, trade Futures.

Futures are transparent. Future don't have spread. All Futures brokers charge standard commission. This mean there is no conflict of interest, where spread are manipulated to make you loss money for the interest of the broker.

As a trader, precision of entry and exit is important. Futures allow you to do this, while Forex can't, because of the inconsistency of spread.

Futures are fair, regardless how big or small you are, or where you are, all players sees the same price movement and pay the same price.

I understand that many people chooses to trade Forex due to it's low capital required. But all are screwed left right center by the brokers they are using.

I rather be treated fairly than having it cheap and get screw every time.

You can use IB or TradeStation.
Click to expand...
Ups for Alex. There is alot of truth in his post.

Sent from Huawei NEXUS 6P using GAGT
 
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