1 pip in the yen is 8,35 USD in your example, so its: 1 + 1.2 pips. Easy way to calculate it fast for usd-based pairs: If eur/usd is at 1.3630, commission in pips for a roundturn is 1.363 If gbp/usd is at 1.9950, commssion in pips for a rt is 1.995

MB Trading Futures - Introduction

And non-usd crosses such as EUR/JPY are $5 per 100k currency traded i think, not dollar based in this case.

MB Trading Futures - Introduction

What i would be interested in is a chart with trade-weighted indexes of the major currencies (ala the dollar-index, not pairs, but individual currencies).

multi-pair percentage scale charts

I watched the spreads on their demo, and they are nowhere near the advertised values. P.S. they offer the Ninjatrader frontend for free, but it seems to have problems with fractional pips, so its rather useless. The DOM anyways, maybe it still has ...

Forex.com

I think its worth to mention that brokers do not live on commissions or adding to the spread alone. If you study the Interactive Brokers IPO prospectus, you can see they make twice what they make with execution-fees with interest revenues. I think ...

brokers exploiting

Looks like they added 1 or 2 more liquidity providers, or some of the exisiting ones utilize now the ability to quote sub-pip prices more often. The Euro-spread is really often between 0.5 and 0.9 pips now. Nice..

MB Trading Futures - Introduction

What is it with the reporting? I mean, they own the platform, they should know about any traders trade on it. Whats the deal with this?

250 pips slippage on Currenex - ODL Securities

Its possible at MBT for futures trading, Interactive Brokers do it too (only for big accounts tho).

Security of Trader's Funds

Justin: I know some brokers accept T-Bills as collateral for margin instead of cash. Is that possible at EFX, and are those T-Bills safer when it coms to broker-bancrupcies?

Security of Trader's Funds

If you want to trade the news with futures, why trade FX-contracts? With the exception of EuroFX and Yen liquidity is dire, especially if you want to trade several mils a click like a poster above. Have you ever looked into bond or interest-rate ...

250 pips slippage on Currenex - ODL Securities

Hi turbo, very interesting journal to follow. Impressive to see how many open trades you manage at a time. I have problems manageing 2 or 3 simultanously May i ask what charting-software you use to chart currenex? regards, shrike

Turbo's Journal

There is a bid-price and an ask-price, ask-price minus bid-price constitutes the spread. There is no other price that would trigger an order of any kind. 'fraid the risk of slippage for protecive orders during an catastophic event is something ...

MB Trading Futures - Introduction

For a protective stop-loss order you would use a stop order and NOT a limit order. In case of a catastrophic event the execution of a stop-order can be anywhere, as they are subject to slippage.. I suggest you read their FAQ/docs about ordertypes..

MB Trading Futures - Introduction

I have had some very short disconnects to the orders/quotes server, luckily i have never been into a trade during those tho. If it was them, or "the internet", i couldnt tell. But i think you have to put things into perspective here. Every broker ...

Beware Of this broker!

Justin: why do unfilled, pending Limit-Orders use up margin? When i am in a position, i usually have a stop-loss order (this doesnt seem to use up margin) and a limit-order as target in (when i am in a long position, a limit-sell). This ...

MB Trading Futures - Introduction

Ouch. This doesnt sound like slippage to me, more like a bad trade. I would insist that ODL sends you the times&sales, tick-history and nbbo-history for the time in question. That way you can see what really happened, and if it was a bad trade or ...

250 pips slippage on Currenex - ODL Securities

When you open an account with EFX (or mbt) you sign agreements/application-forms for MBTF, you send funds to MBTF. IIRC i didnt even see the name "EFX" on any of the application-forms. So you would actually be doing business with a registered ...

Market Makers & ECN’s, Is the grass greener?

If you only want to trade Euro-FX and Yen futures, i would agree. Good fee-structure, highly liquid, and also the interest is 100% priced in, whereas on spot the broker usually takes a cut there too.

ECN vs futures

They have a danish banking licence.

InterbankFX NFA Crackdown!

Hi, just a question: do you get the whole esignal FX datafeed for free? For example, can you also display data from other contributors than Gain, like EUR-A0@TDFX? Or is it only the GTIS composite feed and Gain's data. If i can get the whole esignal ...

gain capital/ forex.com reviews please