|
PureBytes Links
Trading Reference Links
|
0.2 PIP on each side sounds like a lot to me? Does that mean if I can buy
the Euro at 1.1780 I would pay 1.1782? The same on the way back and that on
top of the normal spread? Too much...
Regards,
Volker Knapp
(www.wealth-lab.com)
-----Ursprüngliche Nachricht-----
Von: unicorn@xxxxxxxxx [mailto:unicorn@xxxxxxxxx] Im Auftrag von Alex
Matulich
Gesendet: Friday, January 06, 2006 6:40 PM
An: RGHSTOCKS@xxxxxxx
Cc: omega-list@xxxxxxxxxx
Betreff: Re: Any good recommendations for a Forex Broker????
>I've been using FXCM. I do both very short term trades and trades
>lasting up to a couple of days, but they don't like any very
>short term trades less than a few minutes and have been giving me
>problems about it. Time to change anyway since they are part of
>Refco that's in trouble and their spreads are too high anyway.
>Has anyone used FXDD (FX Direct Dealer) or FX Solutions? Any
>other good recommendations would be appreciated.
How about Interactive Brokers?
What really bothers me about forex brokers is that they all
artificially inflate their forex spreads, in effect creating an
unreasonably high commission for themselves. Interactive Brokers,
on the other hand, quotes the BEST bid/offer from multiple large
banks and charges a separate 0.2 PIP commission on EUR/USD. To me,
that's much more reasonable. You're seeing the true spread and you
pay a smaller commission.
-Alex
|