Saxo Bank Vs IB

Good day all,
Any real time trading experience with Saxo bank FX? Slippage, liquidity...How does it compared to IB?
Thank you.
Kind regards.
Air

 

would like to find a better/cheaper FX broker than IB too.

The commission is too high for me, and interest is just unacceptable so i always have to close intraday to avoid getting charged

 

if you are pure retail and only trade fx you may want to look at Dukascopy, their spreads are very tight, pairs liquid (they have pretty decent liquidity providers), and the commission charged is lower than IB, at least last time I came across.

 

thanks. interest rates better as well?

 

i trade FX in sizes between 500k to 2M, mostly for a few ticks...so trades are quite often. the IB commission is way too high for my type of trading.

Any broker recommendations?

 

bluerain: whats your ballpark monthly volume?

 

i would say about 20m a day, so 300m a month.

 

I thought he meant $20m a day. and I was like WHAT!!!
$600m a month!!!!

Time to go and dejunk.

 

in terms of traded size, US$20m/day...about1m a trade, in and out during the day to about 20m a day in traded volumn.
IB is just too expensive for that...

 

blue: if you are an U.S. resident and not a ECP, i suppose you are out of luck. If not, there are quite a few firms that can do lower commissions than IB in London (Lmax, Fixi, LCG and others).