If Interactive Brokers want to target easy and profitable customers, they should target Saxo's customers. Saxo offers a lousy deal compared to what IBKR can offer.
Nay, and that`s why they are now controlled by chinese (Geely and Sampo) ..... and they really improved a lot
How to interpret the bid size of 1M and ask size of 1.5M for EUR.USD? Is it an order to buy 1M euros and sell 1.5M euros?
the quote on the left in FX is what you buy with a buy order and sell with a sell. so in this case, you would be buying EUR selling USD if you bought. For say USD.CHF it would be the opposite. if you're holding FX positions over $10 million, we have an auto swap program which will significantly reduce the carrying costs. Details: https://www.interactivebrokers.com/en/index.php?f=1595&p=fxautoswap
Yes, there is also usually much more size moving around very quickly as quotes get updated. He's another snapshot showing .1 pip level quotes and depth. ~4:25 AM EDT/ 5:25 PM HK