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waters
 

Registered: Sep 2012
Posts: 1

 

09-19-12 08:33 PM

besides mb trading , does anyone know of a good american ecn broker?

thanks for your time

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stevegee58
 

Registered: Feb 2004
Posts: 2403

 

09-19-12 09:49 PM

IB

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KingJedi
 

Registered: Sep 2004
Posts: 51

 

09-19-12 10:05 PM

IB, i've used them for a good while over the years.. good stuff, decent rates if you trade size which is why i use them.. front end could be better and of course forget the help desk.. they are mainly for people that know what they are doing.. also they are capped at 40:1 which honestly is still over kill

API is also free to use but you get charged extra with different rates depending on what your trading.. (they are a full broker)

Most of this old thread still applies

http://www.elitetrader.com/vb/showt...threadid=182352

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Jack_Larkin
 

Registered: Jun 2011
Posts: 492

 

09-19-12 10:21 PM

IB is not an ECN, nor do they pretend to be.

Just FYI

Good broker for US residents, but not good for people starting off since their minimums and commissions make small trades quite expensive.

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oldtime
 

Registered: Jun 2011
Posts: 7352

 

09-19-12 10:27 PM


Quote from KingJedi:

IB, i've used them for a good while over the years.. good stuff, decent rates if you trade size which is why i use them.. front end could be better and of course forget the help desk.. they are mainly for people that know what they are doing.. also they are capped at 40:1 which honestly is still over kill

API is also free to use but you get charged extra with different rates depending on what your trading.. (they are a full broker)

Most of this old thread still applies

http://www.elitetrader.com/vb/showt...threadid=182352

yeah, that's a good old thread

I've used ib for years, but have only been trading forex for about a year. I never bothered to learn how to use their fx trader. I like the old tws screen since I can set it up anyway I want and keep my eye on stocks and bonds and whatever else I am watching.

also , like the man said, I have never been charged double for crosses, that must be an old myth

as far as max order, as I understand it, there is no max, but over 5m (depending on currency) they will split it, it is all instantaneous

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oldtime
 

Registered: Jun 2011
Posts: 7352

 

09-19-12 10:36 PM


Quote from Jack_Larkin:

IB is not an ECN, nor do they pretend to be.

Just FYI

Good broker for US residents, but not good for people starting off since their minimums and commissions make small trades quite expensive.

you sure about that?

www.interactivebrokers.com/search/s..._no_dtd&x=0&y=0

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