[jailumar]

Originally Posted by MickMason

lol, you guys must be pulling my leg here, you can't be serious

serious??

[MickMason]

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!

[MickMason]

Originally Posted by jailumar

serious??

[Atomised]

Mick only problem i have with CMC is they got rid of them Strategy Orders, where u could set a buy or sell price along with your limit to take profit and your stop loss, don't seem to be able to do this anymore !

[MickMason]

Originally Posted by Atomised

Mick only problem i have with CMC is they got rid of them Strategy Orders, where u could set a buy or sell price along with your limit to take profit and your stop loss, don't seem to be able to do this anymore !

You're right, I just called the help desk to ask, it can't be done. The 'help' desk (joke) hasn't improved much since last time I called, heaven knows where they recruit those guys!

In actual fact the CMC platform has to be about the crapiest I've come across, why they didn't just lease MΤ4 and save themselves the development costs I don't know.

Who are you trading with Atom? Are they any good?

[Atomised]

Well i'm still with CMC but don't really like the new upgrade they done, wish i could go back to the old one ! I tried asking about the old strategy orders on the chat thing on the platform and all i got was "use a OCO, one cancels the other", tried to explain myself a bit more but the nice guy or girl "left the conversation" !!! Just thinking though do u still have the address for their old Java based platform, maybe we could use them orders on that ?

At the moment i'm in the middle of tryna decide on a new broker, Oanda was the favourite but then their widening spreads would play havoc with some of my strats. So now i'm torn between Interbankfx and Fxdd, at the moment it's looking like Interbank. If anyone has any thoughts on these two i'd like to hear them.