.... A lot of IB customers get very touchy when their broker is talked about negatively (perhaps because deep down they know the faults all too well)...
You`re a bit unpolite, aren`t you?
Hittfeld
.... A lot of IB customers get very touchy when their broker is talked about negatively (perhaps because deep down they know the faults all too well)...
...I demo'd IB too, and it was much slower - also connected to US servers (110ms) However, it's quite a different platform and demos aren't necessarily good for testing speed. I also understand that you'd normally be connected to a European server (I think in Switzerland)
.......
Previous posters have been positive about Mirus and they were recommended to me by my mentor as well. Haven't switched yet as I'm still trying to find a European/UK based broker. Only one I've come up with in the UK so far has been BFL but they are still more than double the price than what I currently pay. For example, for the DJ Euro Stoxx 50 BFL quoted me €5.50 round turn, my current broker is €2.40 round turn. These are the sort of rates our own European/UK brokers should be offering yet they still seem happy to loose business to the US. I put it down now to either arrogance, disdain, or a complete lack of interest for the average retail trader.
Did you use IB`s demo data feed or the papertrading datafeed? The demo is just an artificial setup without real relevance. Regarding the servers you can setup, which one you prefer.
Regards
Hittfeld
You`re a bit unpolite, aren`t you?
Hittfeld
The demo data feed I assume. It says ibdemo in the connection. I don't see where you can set up the server.
Thanks for asking this question. From IB I am considering to move to Mirus/RCG as well but this worries me seriously.Okay, so I choose RCG, I get some very good commission rates. Then I checked out their history on NFA and they have an alarming number of fines and cases against them etc. They have more than any other brokerage and I tried very small firms and large ones too. Do they have a bad reputation? Based on this information, should I decide against them or is this being presumptuous?
Thanks for asking this question. From IB I am considering to move to Mirus/RCG as well but this worries me seriously.
Xeno, have you looked at Amp Futures as well? Seem to be very similar to Mirus, but even cheaper. What do you think? Also, what do you think of RCG? cheers
What do you think? Have you searched for RCG on the NFA site? It doesn't show a pretty picture does it?
Okay, so I choose RCG, I get some very good commission rates. Then I checked out their history on NFA and they have an alarming number of fines and cases against them etc. They have more than any other brokerage and I tried very small firms and large ones too. Do they have a bad reputation? Based on this information, should I decide against them or is this being presumptuous?