I hear bad things about Saxo bank, are they true? Also do any of you know of a forex broker that let's you trade spot and options (exotic, vanilla, and spot) from the same platform. Thanks a bunch
Saxo was horrible, but getting better. They still shade on options and spot, but they now offer delta-haircut. Previously it was 1% during the week and 2% on weekends, but no accounting for correlations or arbitrage. They're 8-10 wide on all options; itm, atm or otm. Obviously it's best to stick to ops in the 40-60 delta range. Forget exotics. I made many calls attempting to trade knockouts/ins, touches, digitals, etc. The exotics MM was always "out for the day" and found later that nobody at Saxo had the analytical capability to make a market.
Anyone have an experience either good or bad, with RCG Fxtrader? Here is their site: http://www.rcgtrader.com.
It's Saxo branded as RCG, although you won't find any mention of that on the RCG website. Or at least not when I looked at that site some time ago.