Yes, active trader is open to US residents. Here's the page on the US website where US residents would go through http://www.fxcm.com/active-trader.jsp . For limit orders to buy, the ask price would need to cross your limit price in order for the order to go into execution. Using a limit order would also give you the opportunity to experience price improvement. -Jason
http://www.cashbackforex.com/vw/tabid/242/ID/18/Dukascopy-Rebates.aspx seems conflicting info, ..... the notes said, "We currently cannot open accounts for US based clients."
Price improvement on retail FX ECNs is possible but it's rare. You'll typically only be filled if another retail client's order fills you. Price improvement by trading within the spread is probably more commonplace on the institutional ECN platforms. Either way at the end of the day, you have to pay the spread in most instances, so find a venue with low spreads/commissions & good executions.
the only two decent places I know are oanda and Interactivebrokers. Beware though IB can have quite some slippage at times even in euro, oanda opens up its spreads around newstimes so you better beware of the important one. (go to forexfactory to know them). Personally I am with oanda after having paid tons of commissions at IB. I don't think there is a better one out there ...
cashback rebates! now there is a thing: they charge you 3 pips and give you 0.70 pip back in rebate. Like a friend said: perfect for idiots that can't count rofl.
So i am trying to decide between IB, Oanda and MBtrading. For EUR/USD, the spreads as of now (8:04 PST on 4/20) seem to be: Oanda - 1.2 IB - 0.5 MBT - 0.8 Is Oanda still the best? why? I have never traded forex before; so just trying to understand.