i asked quick a demo for CNX London Capital Group. they sended me a demo and a live access with 0 money on the account (lol) live is different then demo. live looks like a ECN should look. spreads are ok (0.1 pip many times) most of time 0.3 - 0.4 pip volume: at bid ask normaly 1 but it goes down at 0.1pip so for 1 pip from bid / ask there is between 40 and 50 and that seems ok. (example: bid = 1.35755 liquidity to 1.35745 about 40 - 50 m)
following IB next to CNX (LCG) spreads on IB are a little bit bigger BUT AT the bid ask the liquidity on IB is MUCH better. So i dont know if you get the liquidity on IB on the bid ask or not.....
pippi436 if the screenshot is the vwap (Volume Weighted Average Price),it is a mere coincidence.because some white lable of currenex have the similar screenshot but not a vwap . I want to find out pros and cons of lcg currenex for an account thanks If the liquidity on IB is better and the liquidity is real ,why make a market order should have a slippage (more than the normal quote)?and IB ask customer to use limite order instead of market order.
dont know if liq on IB is real. didnt see about asking their clients to use limit orders. could you give me indication, where i can find that?
Have you used a market order with IB TWS FX? I never use ,I trade forex future with IB ,very good commisions. but I know somebody have some experience with the slippage of market order to trade with IB TWS FX. IB say that only on the phone ,not on the paper.
moarla: if you switch to "Enhanced VWAP" in the top-side menu you should see about the same like in my screenshot
Should be possible, in the drop-down menu where it says "Standard" by default. At least it worked for me. I'm probably going to sign up with them in the near future.