" IDEALPRO provides professional interbank spreads which are generally 0.5-3
PIPs (smallest price increment) wide, but the minimum order size is USD 25,000
or USD equivalent. Multiple large forex dealers provide direct price feeds with
IDEALPRO displaying the composite of the best available price. With our universal
account, it is easy to trade IDEALPRO cash along with currency futures from
a single screen. To promote price transparency, as is the custom with all our
products, we have separated our commissions from the quoted price. Please keep
in mind that although many brokers don't explicitly charge forex commissions,
they do build their commissions into the price spread. "
Rakesh
----- Original Message ---- From: EAdamy <eadamy@xxxxxxxxxxxx> To: realtraders@xxxxxxxxxxxxxxx Sent: Sunday, March 18, 2007 8:10:40 PM Subject: RE: [RT] fx trading
IB
Ideal is for currency exchange and IB IdealPro is for currency
trading.
Just
add the one you want to your TWS page and select the combo you want. I use
Toronto exchange for Canadian stocks (better prices than using pinks) and
routinely use Ideal to exchange currency to/from C$. With IB you can be
long/short any mix of currencies and or currency futures and or currency
options ... very powerful.
I use
the futures for trading so don't know much about the details of forex brokerage.
I do know that the Ideal spreads are wider ... around 5 pip on C$
however I always split the b/a and seem to get it. IB Ideal Pro is for
pure forex trading and indicated to have spreads of 0.5 to 3
pip.
Earl
-----Original Message----- From: realtraders@xxxxxxxxxxxxxxx
[mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of Ben Sent:
Saturday, March 17, 2007 6:37 PM To:
realtraders@xxxxxxxxxxxxxxx Subject: Re: [RT] fx
trading
its a futures contract but a euro on imm is
same euro in fx cash (allowing for the carry)... why would u want to trade
the cash and give up 3 pip spread?
not futures,, just actual
transfer between 3 accounts, euro
yen
and
British pound
Ben
or what would you
recommend
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