I started off considering MB Trading, ATC Brokers, and Interactive Brokers.
I went with ATC Brokers for now, and I think it’s pretty good - decent commissions, good spread, and I like the Trading Station II platform thus far.
The reasons I am still considering switching -
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while I don’t always scalp, I like the option to do so, and Interactive Brokers seems to get good reviews for not only the lowest commission ($2 per side/lot), which is half ATC’s $4 per side (although ATC is always $4 regardless of currency; I believe IB depends on the conversion to USD first), but also filling orders better than the spread listed;
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I am still not sure if there are any “games” going on with FXCM - it seems sometimes the price slips from what it was when I placed an order, but it is still very fast and gives a feeling of confidence; I think my partial wondering is because I used to have a Standard account with them years ago and remember the pain of realizing how much they marked up the spread for profit; so logistically here my question is, can better fills be had with IB? Or only with a much larger account with an outfit like Dukas?
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I am considering getting back into futures (currency and otherwise); I could just use a separate broker, but it would be nice to use the same capital base for all trading with IB’s true universal account.
On the other side, I feel very confident with the Trading Station II platform overall; so far I like the Daily FX Plus analyst overviews, but am looking into TradersAudio and other news sites.
I’ve read varying reviews on IB, from it crashing a lot when using charts to the order book system being an improvement for forex trading specifically.
So I am hoping to gain some insight as to whether it is worth switching or not.