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Originally Posted by astro Thanks Mick!
As to Interactive Brokers, I couldn't figure out from the website if they have charts, the REAL cost of a a round turn and the position sizes allowed.
I'll look into CMC.
thanks again
Astro |
I know, it's not very clear, but as far as I could make out trade size above 25k and volume less than 100m per day costs .2 of a pip with a minimum charge of $2.50. They give an example of 1mio costs $20. If average spread is half a pip then total cost would be $70 compared to Oanda's 1.2 spread costs $120 (not including extra pipettes!) or CMC's 2 pip spread costing $200.
I don't think they have charts but there are so many free/cheap charting packages around, in fact Ensign can use IB price feed I believe.
Then there's direct deals with other clients, I've no idea how much
they cost!
