They hit a stop and fill you several bips lower despite having large spreads on most pairs. I want to change. Can someone recommend a place where I can trade FX on a MAC that has the following: low spreads no slippage great customer service pays interest nobody that fights you when you question things reliable software no stop hunting Thanks
Trade Fx Futures on GLOBEX if you want NO more BS. EURUSD, GBPUSD, USDJPY, & USDCHF are the only liquid pairs. el surdo
Do you think these firms like FXCM purposely seek out stops? My beef is that if they have a large spread on a pair, then I shouldn;t have 5-6 bip slippage.
I got this from FXCM today. Looks promising Dear Client, Effective March 11th, 2007, your FXCM Trading Account will be upgraded to our new No Dealing Desk clearing service. The No Dealing Desk service allows FXCM clients to trade using rates provided by top-tier banks through the convenience of your existing FX Trading Station. Benefits include: · Spreads as low as 2 pips · Earn interest on all margin levels · Hedging capabilities · Rapid execution, even during news announcements · Ability to place orders inside the spread · Competing rates from multiple banks · No price re-quotes · No dealer confirmation Execution Changes Under the No Dealing Desk system, bid/ask spreads may fluctuate, depending upon prices provided by individual banks. Spreads may be as low as 2 pips for certain currency pairs during active market hours when there is greater liquidity in the market, and sometimes wider, such as during the late US afternoon session when there may be less market participants and therefore less liquidity. Since your trade execution is dependent on execution offered through the banks, FXCM cannot provide a no-slippage guarantee. (No-slippage is provided with our fixed-spread option under normal conditions.) After a stop-loss or stop entry order is triggered, the order will be executed at the next best available market price provided by the banks; this may involve slippage. This upgrade has been made available to you because of the advantages described above. For more information about FXCM's No Dealing Desk option, please visit: www.fxcm.com/dealing-options.jsp. Please contact us if you have any questions about this new service, and a specialist will be more than happy to help you. You can reach us via e-mail at sales@fxcm.com, via live chat from our website, or via phone at (212) 897-7660. You may also access our international toll-free numbers from this link: www.fxcm.com/contact-fxcm.jsp. Best regards,
Surdo-I agree 100% on trading currency futures on Globex. I cannot for the life of me know why ANYBODY would deal with a typical FX scam broker.