Is IB known for slippage? I want to know if I am going to continue using IB for forex. It just feels like I got scammed out of 40 pips today.
Well, it has slippage in the sense that there is a spread and that the order book might move in the timeperiod from you send your order to it arriving at IB. But that's really the nature of an ECN - whether it will be better somewhere else, I don't think so. If you have a decent size account there are other options, but all in all IDEALPRO is pretty good for forex. Dependes on the pair of course, as well.
today was the worst day I had for slippage, normally it's really pretty good. It was a rather wild day though today.
I never experienced much slippage from IB when I was using them; but your 40 pip "slippage" was because your trade was executed via IDEAL which has disgustingly wide spreads.