IB new forex spreads

Very nice update list IBj. Please do whatever you can to expedite the NZD rollout. Globex futures for the kiwi just aren't liquid enough.

 

IBj,

What is the ILS currency? Isreali Shekal?

A rumor is that you are going to add the Russian Ruble as well? (it is becoming a big deal with the Russian Oil reserves etc)

 

how many liquidity providers do you currently have? and or you planning on raising leverage to 100:1? thanks

 

ib, what is the minimum to open an account?

 

I doubt it. The margin on cross rates is about 4% and that is the major flaw and the only flaw left.

 

That seems logical to me as you're effectively taking two vs-USD positions when you enter into a cross rate, each at 2%. Are other brokers 2% combined on cross rates?

Another aspect of IB's FX trading that seems awry is the 2% margin being both an initial and maintenance level. You effectively can't use the 2% and have any breathing room. I mostly stick to FX futures where this isn't an issue.

 

LOL. it may be logical since they margin each leg of the trade. but no one else margins each leg. They should go to a more portfolio margining

 

I took a closer look at this and how other brokers handle it and I agree. I wonder if they have any plans for a portfolio margining setup.

 

@IBj

Could you please tell me, when Idealpro for USD/MXN should be introduced? Please don't tell me "soon" but a approx. (!)date/schgedule. Thanks a lot.

Merkur

 

NZD, ISL, and MXN are currently being set up. I cannot give you a date.