Trading with IB's Ideal. (not ideal pro!)

Discussion in 'Retail Brokers' started by Remiraz, Jul 24, 2005.

  1. Remiraz

    Remiraz

    IDEAL allow exchange of one currency with another thru IB right? I know there are horrific spreads, but what are the spreads like? :eek:
     
  2. def

    def Interactive Brokers

    The spreads are typically much better than you'd get if you went through your bank.
     
  3. alanm

    alanm

    Here's a snapshot of the rates in local currency vs. USD:

    AUD: 1.3151-1.3167
    CAD: 1.2188-1.2200
    CHF: 1.2949-1.2961
    EUR: 0.8283-0.8290
    GBP: 0.5754-0.5757
    HKD: 7.7685-7.7794
    JPY: 111.89-111.98
     
  4. Wonder if your GBP/USD IDEAL quote is a typo. 3 pips is the typical IDEALPro cable spread. It's 10 pips on IDEAL right now (13:27 EDT), 1.7453-63 up to 150,000.
     
  5. alanm

    alanm

    I just snapped the quotes - didn't really look at them carefully. Someone must have been bidding/offering inside the normal spread.