i understand bro. i trade on a ecn and never got a better price on my take profit but got a lot of slippage on my stop loss. so i realy don't think it's a just the bucket shop thing.
I'm not familiar with IBFX. But face facts. If you're dealing with someone that trades against you, don't expect them to act like they have a fiduciary responsibility to you. Get yourself to a firm that makes money from you exclusively from spread or commission and that won't trade against you. I use IB and looking at my forex trades today, about 1/3 of them (all limit orders) were executed at prices better than I set up in my order. I'm sure there are some other brokers that similarly act responsibly. BUT NOT A BUCKET SHOP!
I'm not sure that's strictly true, I've had better requotes from CMC and had orders filled at better prices on Oanda, both are notorious bucketshops. It's a 2-way street of course, often requotes and fills can be worse but I think it pretty much levels out at the end of the day. Bucketshops have their uses, I guess a lot depends on the trading style and strategy of the individual trader and what their particular needs are. ECN's aren't without their negative points, no broker is perfect.
Fair enough. Some are reuptable. It's just harder to know what you're getting when dealing with an unregulated entity.
Why not trade EUR futures on GLOBEX. Your transactions are handled and guaranteed by a 3rd party exchange.
How does the liquidity in the futures market compare to the spot fx market, especially during odd times (i.e. Asian session & during the early phases of the european session)??? Walt