And this is a response from an IB customer service rep. to a client: Dear ******, IB made a policy decision to stop offering leveraged forex to US retail client because of the current regulatory environment toward the product in the US. We believe ...

Interactive Brokers - experiences and opinions

Ok here is something semi-official about this new IB developement from forexlive.com: url And this applies to US trading accounts ONLY and NOT trading accounts of IB clients of countries outside of US. So this explains why we are not receiving any ...

Interactive Brokers - experiences and opinions

I did. When the SEC ban was first published in Leaprate.com, it stated that as of July 31, 2016, any institutions registered with SEC would be banned from offering leveraged forex service to its customers. I contacted IB immediately and spoke to a ...

Interactive Brokers - experiences and opinions

Like I said before, until I see something official announced by IB or published by any Forex online publications, I am still treating it as a hoax or a false rumour started by whoever is targetting IB to scare their customers to jump ship to either ...

Interactive Brokers - experiences and opinions

No one thing that this has brought to light is how piece of shit and useless that SEC is. They were completely incompetent against the real crooks and they just cost us otherwise law-abiding traders who are just trying to make a living a decent ...

Interactive Brokers - experiences and opinions

So far we haven't heard anything and I am in Canada.

Interactive Brokers - experiences and opinions

I would stick with prime brokers as they operate in more of an ECN model where the broker operate not as principal to your trades but actual brokers just like in other financial instruments like stocks for example. Another prime broker you can also ...

Interactive Brokers - experiences and opinions

Until I see some official announcement either from IB itself or some other sources on the Internet, I will treat this as a hoax. You never know who's behind this. The SEC ban on leveraged forex published on Leaprate, that I am aware of. But this is ...

Interactive Brokers - experiences and opinions

Ok if this is an IRS bullshit then it DEFINITELY does NOT apply to non-US traders. But it's strange that I searched on the internet on this new IRS rules and I can't find any information either. What's the rule called? And it's applying to ALL ...

Interactive Brokers - experiences and opinions

Could be a hoax. Even if this is an email notice, there should be a link to explain it further. And no link to the KB articled mentioned in the email? I searched all over internet and I couldn't find any mention of this notice from IB either. Check ...

Interactive Brokers - experiences and opinions

All brokers do that. The reason they give out is because it takes 2 days for forex transactions to settle. So if you held a position open after 5:00 PM EST on Wednesday, it won't settle until after Friday and then to cover the weekend, they tag on ...

Why do they charge triple swap rate on Wednesday?

There is no way a broker can quote prices to you without a spread. Just like investment instruments everywhere and the law of buy low/sell high and the mechanism of arbitrage, there is ALWAYS a spread. Some are smaller than others but there is ...

Is there a broker without any spread, just commission?

I agree. I haven't heard anything of this either. Regulators have no business in allowing/disallowing which brokers you want to go except in the USA but then again USA is ALWAYS an exception in everything. LOL I think those brokers don't want to ...

What's with Australian Brokers pulling out of Canada?

I believe IB and LMAX does operate in an ECN fashion in that, like you mentioned, does order-matching on their system instead of executing the orders themselves and taking the other side of the transaction. The reason why I know they are different ...

First time with real money and I need help to choose between 3

They are the CLOSEST to a 100% Pure ECN you can get in retail forex. The 100% PURE ECN is of course an exchange or order-matching services like Island in stock daytrading.

First time with real money and I need help to choose between 3

No that's because the Virtual Dealer plug-in in MT4 is NOT an EA. An EA can only be implemented at the individual software level at each individual MT4 but the Virtual Dealer plug-in is an extra piece of software that is made available to MT4 ...

First time with real money and I need help to choose between 3

I don't care. My trades shouldn't be handled differently just because of size and/or profitability. And if in other instruments, traders can all enjoy the same order execution quality, the same transparency regardless of the trade size or ...

First time with real money and I need help to choose between 3

That's NOT ECN. That's called hybrid STP/MM model. ECN is when the broker is NEVER the counterparty to your trades but acts purely as an order-matcher. They DO exist but very rarely. The hybrid STP/MM model lacks price and transactional transparency ...

First time with real money and I need help to choose between 3

cTrader is good. When you do trade, try to trade using cTrader and not with other platforms.

First time with real money and I need help to choose between 3