Recently, I heard that IB will offer Forex-trading starting this summer. Anyone knows something about this? (would be great, I think: Everything in one account!) Cheers
I find it much better to trade FX futures already available at IB, spread is 1-2pips and executions are great. Also, margin is $1250 for $125000 worth for instance. I.e 1:100.
I also heard some rumours. Makes sense they will. TradeStation offers 3pips spread on major pairs and 1:100 leverage.. hopefully IB will offer at least similar conditions. Can't really ask them for 2 pips spreads I reckon..
Thanks for the info. Is the volume and the bid/ask spread comparable, too? Especially, if you look at AUD, CAD, etc.? Thanks Cheers
Do you trade through the CME/Globex? Could you give an example of an FX futures trade with the symbols used? I looked over the IB site, but I am confused about how/where to find the appropriate symbols. Do you have a regular IB futures account? Or do you have to have a special type of account? Thanks for the help, I have never ventured into the currency markets. But it seems that a lot of folks are giving them a try. Can't be sure how successful thay all are.
I have a universal acct with IB which includes stocks, options, futures. To trade currency futures you need a regular futures account (like one you use to trade ES). To get a quote on Eurofutures for example -type EUR in your TWS. Choose Futues and then Mar 2004, then choose Globex. Margin is $1249 for 1 contract. $12.50 is the tick size. If you have any other question I will gladly assist.
Wow. So with a 50k account you could have leverage of 5 Million? I will be rich in no time at all... Look out Bill Gates!...
Could you tell us some experience about trading these futures? Especially, I'd be interested in the liquidity and the slippage, etc. Thanks a lot! Cheers
and tight spreads .... 1-3 ticks usually in EUR contract it is useful to keep in mind the spot / futures spread by the way .