Question about IDEAL PRO with IB

Hello

It says on their web site:
(http://www.interactivebrokers.com/en/p.php?f=products&p=fx)

IDEALPRO: Forex (25000 or USD equivalent minimum)

Does this mean for each trade, to trade FX, one must trade $US25,000 positions to enter trades?

Regards

 

That is correct, $25k USD or equivalent is the minimum order size on IDEALPRO. Smaller trades are processed on IDEAL at slightly wider spreads.

 

Damn! No wonder I kept losing so much money just opening trades!!! Damn!

Thanks for your reply.

 

Huh? That's $2.50 cost to trade and $2.50 a pip. So you lost $2.50 opening a trade?

 

huh?

 

the spread on ideal is maby 1 or 2 pips bigger then on PRO.