Hi all,
Being lured by the low spreads, lack of any dealing desk to potentially trade against you, no stop order restrictions, no news trading resctrictions and fast trade executions, I'm considering opening an account with an ECN.
I've included a list of the 4 ECN brokers I'm aware of as well as some comments that might help kick off some discussion.
If you have experience with any of these ECNs, please provide your input as I think it will be valuable to any other members considering a move to them as well. Specifically I'm looking for overall satisfaction, trade execution, system downtime issues, and any other details that would help a prospective client make a decision...
MB Trading - Can trade minis as well as full lots, $5.00 R/T commission for EUR/USD, no news feed, no integrated charting, 100:1 leverage, $400.00 minimum account deposit.
COES FX - Couldn't find out much about these guys. Their website is very short on details...
HotSpotFX - $3 R/T commission on EUR/USD, real-time news feed integrated into trading platform, charting by FX Trek (included with account), $7500.00 minimum account deposit, no mini trading
Interactive Brokers - $2.50 minimum R/T commission on EUR/USD, $25000.00 minimum trading size (1/4 EUR/USD lot, for example), 50:1 leverage, $2000.00 minimum account deposit, no news trading restrictions, no integrated news feed, integrated charts, but limited tech. indicators.
Please let me know if any of the info I listed above is not correct.
Thanks to all in advance for your input,
Ian
Being lured by the low spreads, lack of any dealing desk to potentially trade against you, no stop order restrictions, no news trading resctrictions and fast trade executions, I'm considering opening an account with an ECN.
I've included a list of the 4 ECN brokers I'm aware of as well as some comments that might help kick off some discussion.
If you have experience with any of these ECNs, please provide your input as I think it will be valuable to any other members considering a move to them as well. Specifically I'm looking for overall satisfaction, trade execution, system downtime issues, and any other details that would help a prospective client make a decision...
MB Trading - Can trade minis as well as full lots, $5.00 R/T commission for EUR/USD, no news feed, no integrated charting, 100:1 leverage, $400.00 minimum account deposit.
COES FX - Couldn't find out much about these guys. Their website is very short on details...
HotSpotFX - $3 R/T commission on EUR/USD, real-time news feed integrated into trading platform, charting by FX Trek (included with account), $7500.00 minimum account deposit, no mini trading
Interactive Brokers - $2.50 minimum R/T commission on EUR/USD, $25000.00 minimum trading size (1/4 EUR/USD lot, for example), 50:1 leverage, $2000.00 minimum account deposit, no news trading restrictions, no integrated news feed, integrated charts, but limited tech. indicators.
Please let me know if any of the info I listed above is not correct.
Thanks to all in advance for your input,
Ian