Advantage wants 50K min. for an FX account, but obviousy you need to be able to cover margin (O/N 20:1, 2x that intraday). So for a 1 mil trade you already need ~50K margin (25K intraday respectively). On ebs 1 mil used to be the minimum trade size, they recently started to support 100K lot size too, but i dont know anything about that.
I have read somewhere that the spread on the EUR/USD with EBS is not that tight , around 1 pip BUT you can trade up to 10 million at that spread ...? If you trade smaller size ,you are better off on other platforms...
I've read on Oanda website that you can trade up to 10 Mil with their standard spreads. Plus their leverage is 50:1, and you get paid interest on your deposit What is so great with EBS ? good platform / software ?
i would say, choose a good ECN broker who has access to EBS also, normaly better spreads, better comms etc.
Up to 10M ? Well, I hope not, that would be pretty low. A lot of Currenex hubs offer more liquidity on that spread.
Billy, have you got any practical experience with ICAP via Newedge ? Any idea about liquidity ? In the EUR/USD, 40-50M at bid/ask during NY session with 1 pip spread was the best I've seen so far...on a CNX hub.
Joman, Small clarification. At OANDA you can trade up to $10 Mil per trade. There is no limit to the number of trades you can make.
What sizes are available for crosses like CHFNOK, USDTRY, USDZAR, EURILS (normally), EURPLN, NZDCAD etc on ICAP and Newedge's Currenex hub? TIA