Garden
Here are our selling points for our IB Forex offering and etc, so you can compare (but not limited too):
-Direct access to interbank forex quotes with no hidden price spreading, no markup, no kickbacks.
-Just the combination of real time prices from 11 of the world's largest FX dealing banks plus a transparent, low commission that avoids the conflict of interest of FX platforms which deal for their own account. That is, IB does not trade against its clients.
-Market structure like an ECN: order book that allows you to set orders away from or between the markets, and trade with other IB clients as well as with the liquidity providing banks.
-Multi-instrument: you can trade forex cash (spot) side by side on the same system, even the same window, with forex futures, fx options, and other asset classes such as stocks, bonds, and futures.
-FXTrader Trading Screen: a forex centric order management platform that allows quick and easy entry of forex trades as well as other asset class trades.
-Auto-roll: automatic overnight position rolls (tom/next swaps) for large positions. There is no commission or other charge for this service. As with our spot dealing, roll prices are direct best quotes from our interbank partners.
-Over 20 unique order types available.
-Safe: Interactive Brokers Group and its sister affiliates hold over $4 billion in equity capital
-The user can improve the spread on the screen.
We are transparent about our offerings, fees, and etc. That is why we place everything (including our fees) on our website. And unlike other brokers you do not have to provide us your details or tell us how many contracts or trades you do before we quote you our commissions. Our commissions are on our screen at all times.
We hope you compare us and we wish you well with whatever broker you choose. Although we do hope we can earn your business.
Hi Chaps, I have done several searches on this thread but am struggling to find an answer, a lot of the searches go back a long time as well, so may not be so current. My question is: generally speaking how would traders compare IB costs of trading Forex (given the slippage points people have mentioned) to say, someone like Oanda (use Oanda from poll results).
I understand that my simple question might be a multi senario. I was just looking for a ball park view, if possible.
Appolgies if this is a repeat question but its a big old thread now. Maybe an idea to start a 2009 version????