Wow, thanks! those are quite eye-opening stories!

IG Index - Key Stories regarding the recent huge client debts

Well sure but by the same token your broker is not safe, your bank is not safe and we should all stash our gold under our mattress...

Avoiding slippage such as the EURCHF crash?

Liquidity providers have minimum $20 to $50m equity requirements for clients on their prime brokerage business. Some do have scaled down version of their platforms to cater to retail clients (CitiFX or Barclays BARX among others) but neither ...

Dealing directly with Liquidity providers

If you're outside the US, IG Markets do offer guaranteed stops as well as regular ones. They're expensive (additional spread) if you want to use them but they protect against slippage regardless of the liquidity. If you trade against a pegged ...

Avoiding slippage such as the EURCHF crash?

you forgot to add " in a random environment"

Did Martingale work for someone?

I'd stay away from Cypriot brokers...

Prime of Prime Broker

To be fair, if you're an active trader, it gets much better. I hear they're quite popular among hedge funds Monthly Volume >$1500m $10/m Monthly Volume <$1500m $20/m Monthly Volume <$500m $30/m Monthly Volume <$100m $60/m

Prime of Prime Broker

You have to factor in the commissions to have a comparable basis. I've yet to see better spreads than what IG offers through their Forex Direct DMA offering. (1M : 0.1-0.3, 5m: 0.5 - 0.6) but unless you trade over 1bn a month their commissions are ...

Prime of Prime Broker

Sorry I might be mistaken about that part then...

Prime of Prime Broker

Agreed that the spreads are nothing to brag about. 1.5 pip on cable, 0.8 on EUR/USD at times... Can't comment on execution as I haven't traded with them yet. The non-segregated account part freaks me up a bit... image

Prime of Prime Broker

IG Markets offer 400:1. They're a $4B listed company, regulated and have been around for over 40 years...

Broker with 400:1 leverage

This will be the most limiting factor to access true ECN brokers that would just pass on your orders to the market place without aggregating them or matching them against their own books. Having said that, brokers like LMAX, FXCM, Dukascopy meet ...

True ECN/STP Broker recommendations

[quote=plotinus82;8118896] Do you keep any positions overnight with them and if so, how do they mark up rollover rates?

Prime of Prime Broker

Interesting lapsus... I'm sure you meant "prosecution" against the LPs but after reading some of you recent comments you may feel "persecuted" by them...

Barclays ‘Last Look’ at Currency Trades Said to Face Review

Yes it works! Thanks a lot mate! TWS is so complex to configure... I went through the various options in the FXTrader window instead as it would have seemed like the logical place to tweak this and I couldn't figure this out

Best Broker for Extreme Scalper - When Spreads Matter

I guess the hedging rules will vary with the regulatory environments brokers operate in which might be significantly different in the US, UK or Cyprus... But in a CHF like debacle, one can assume: MM business model: My clients' losses are my gains. ...

Prime of Prime Broker

Not sure about that... I tried it but it didn't change the spread just the decimal precision .5 becomes .50 or .500...

Best Broker for Extreme Scalper - When Spreads Matter

That would be true only if the positions were under the clients' names, but that's not the case... A broker passes trades on to the market under its own name not their clients (ECN or not) as he is the only one vetted by other players as a reliable ...

Prime of Prime Broker

I'm going to make an educated guess that what you suggest would work at a minimum threshold for volume (100K or 1M ?) and probably in round increments as they could simply be passed through directly to the interbank market without being tampered ...

Prime of Prime Broker

Maxime, I sent you a PM with the attached livechat discussion (in French) I had with IG asking them how I was able to execute 1.14 EUR/USD lot and then 0.12 AUD/USD lot through their DMA FX platform when they're supposed to only accept fixed round ...

Is anyone using IG Markets Level 2?