IB new forex spreads

hello,

im a professional forex trader currently trading with MF Global Singapore, i trade 4 currency pairs from 11pm to 11am new york times....i trade the eur/jpy, gbp/usd, gbp/jpy and aud/jpy pairs....i get great spreads on these pairs with MF Global and lightning fast executions on there Currenex platform however MF charges me 1 pip commission per roundtrip of 100K traded which i find a little expensive....my question is, what are IB's average spreads during the times that i trade and commissions?? i do not trade the news, maybe someone can send me a snapshot during the eur session and let me see the spreads for the 4 pairs that i trade...also, is anyone here using IdealPro?? and if so, what are there executions like?? lots of slippage?? or excellent fills and lightning fast executions?? thanks for your help guys..

 

Heres a couple of samples from a minute or so ago

 

Heres a couple of samples from a minute or so ago
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2

 

thanks kiwi,

can i also see the gbp/jpy and the aud/jpy please?? thanks buddy...if your going to be up a couple of more hours post them again so i can compare the difference with my platform.....thanks again kiwi..

 

Note that we're right into the european day now and the spreads have tightened up

Added the other two pairs

 

thanks again kiwi......

kiwi, do you find that IB has great fills and are instant, i dont trade the news, im a technical trader, i make about 100 pips a day trading from 11pm to 11am new york time....take care kiwi...

 

I am not so experienced with the forex (just added it in) that I can be sure of that. But if you can see bid or ask you seem to be able to hit it instantly. If you split the ba then you often have to wait for it to come to you.

 

thanks for the response kiwi...

 

It is an ECN with a handful of major contributors to the quotes. Barclays, RBC and a few more majors.

So as an ECN you can work orders and everyone can see them. Or you can hit the different market makers etc.

My experience has been positive. The fills are fine. The only downside is the margin for Crossrates NOT in your base currency.

For example, if you have a dollar account and trade EUR/JPY you have to pony up about 4%. You have a 2% margin on the majors in your base currency. This is it's only downside. It is comparable to Currenex but do your homework on IB's commissions etc. Go to their website. The more size you do the more competitive they become.

 

thanks also for the reply TGM.....appreciated