forexgenuine:
IBFX seems great (I love metatrader and their debit card) but spread of 2 pips is not interesting for me as I am scalper. Maybe for swing I would open an account with them.
OK I tried Interactive Brokers free demo (their java software really sucks but it’s “professional” as you seem to have a huge set of features).
I bought/sold 20K units of EURUSD made 35$ profit for 17.5 PIPS gain which requires 500$ margin and cost me 2.5*2 commission which means each pip is worth 2$ and so for 20K units it commission is 2.5 pips more than IBFX.
But if I bought/sold 50K commission would be 1 pip and for 100K commission would be 0.5 pip.
So for people having decent account to risk that is interesting. Not sure I want to risk such account for now so I think I’ll stay with Oanda for a while
Now their spread is 0.5 pip and they have book dealer which allows to see the market inside so maybe I’ll give a try.
I have IBFX as well. Theres a misconception that scalpers have to risk alot on any given trade. I’m a conservative scalper as I risk no more than 2% on a trade that way, I can ride trades longer and don’t have to worry too much about overcoming the spread.