I can see Forex for intraday trading when you will not hold your position overnight. However, For longer trend trading you also need to consider the overnight interest fees on Forex, which can take away any cost advantage.
its calculated in the futures, but also here the broker takes a spread, whereas this does not happen with futures.
You couldn't be more right, AAAintheBeltway. GAIN Capital is the worst of the bunch regarding this who you're trading with. Check this quote right off their site: "GAIN Capital offers forex traders direct access to the global currency markets." WHAT A LIE! But on another page they say: "When you trade with GAIN, you're trading directly with the market maker." Go figure. Though they are still listed on my site for broker recommendations. As far as actual direct interbank feed, GAIN Cap MAY come the closest because hey use e-signal and alpine charts so they may have to honor priced seen on them. UBS or UBS/Realtick probably offers the closest to trading interbank quotes but you have to be a big cap trader to pull off trading with them. Let me know if you want a link to test their demo - it's bitchin. Regards,