Your Broker Is Your Enemy?

Discussion in 'Forex' started by DRiSsT, Jul 8, 2008.

  1. cvds16

    cvds16

    Yes futures is better from regulation point of vieuw, because of volume (I always have the chart up).
    Then explain in detail (no general analogies) because you don't make yourself clear because I don't understand: why do you trade spot ? Don't tell me it's liquidity: for all normal purposes futures are liquid enough. For the record I do have a book with IB spot.
     
    #11     Jul 9, 2008
  2. Yes, liquidity is a main reason for me.
    In regulated market you have to enqueue order to be filled. In Spot no. When you click "buy" you have bought, when you click "sell" you have sold (ok requotes may happen, but it is instantaneous...)
    The book you have with IB is related only to IB customers, so I personally would not consider it ...

    May be Spot is more "easy" than Future: it's a market in the "village" common sense ;).

    I don't say Future is better/worst than Spot.
    I say only it's different.
     
    #12     Jul 9, 2008
  3. cvds16

    cvds16

    I find this a very strange answer: if you want to buy 10 futures, you are instantanously filled, if you want to sell them they are filled too immediately. Bid and ask in something like euro is often in the hundreds.
     
    #13     Jul 9, 2008
  4. Well someone's gonna have it, may as well be the marketmaker :p
     
    #14     Jul 9, 2008
  5. In futures you have immediate execution when using market orders, execution is guaranteed by the exchange, 100 %

    In spot ,not so, your "friendly" market maker decides WHEN and at WHAT price he is going to fill you.
    When trading spot choose an ECN with prices from competing market makers like IB,EFX,Hotspot...

    Futures are "better" because you have a guarantee from an independent party = exchange that you will get filled at the best price available

    In spot your "friendly" market maker is trading against you , he is at the other side of your trades, HUGE conflict of interest.


    P.S. the book with IB is not only other customers but also banks.
     
    #15     Jul 9, 2008
  6. I DO work on LondonFX marketplaces, so this is not a worry for me ...
     
    #16     Jul 9, 2008
  7. DRiSsT

    DRiSsT

    HAHAHA! You have a point there Mr!
     
    #17     Jul 9, 2008
  8. DRiSsT

    DRiSsT

    So which Broker do you all think is the best one out there that doesn't screw you as much?
     
    #18     Jul 9, 2008
  9. cvds16

    cvds16

    I personally like IB
     
    #19     Jul 9, 2008
  10. lol, are you sure about that?
     
    #20     Jul 9, 2008