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Is it really this easy?

This is a discussion on Is it really this easy? within the Forex Discussion forums, part of the Forex Markets category; Hi Henry, The spreads are less on www.fxcm.com www.oanda.com and there ilk. Deal4Free spreads for cash prices are OK for ...

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Old Aug 27, 2003, 2:11pm   #33
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Re: Is it really this easy?
JonnyT started this thread Hi Henry,

The spreads are less on www.fxcm.com www.oanda.com and there ilk.

Deal4Free spreads for cash prices are OK for daytrading, but twice there competitors for overnight. I think the margin requirements are much greater as well. But of course they are Tax Free for most.

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Old Aug 27, 2003, 2:28pm   #34
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Re: Is it really this easy?
jonnyT

have you had a look at the futures market through a broker like IB

is the spread tighter?
are the costs cheaper?

any information appreciated.
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Old Aug 27, 2003, 3:02pm   #35
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Re: Is it really this easy?
JonnyT started this thread The futures look like there is not much volume with plenty of scope for slippage.

Unlike indices FX is decentralised so its horses for courses.

In this case I think the likes of FXCM / Deal4Free look OK.
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Old Aug 28, 2003, 6:41am   #36
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Re: Is it really this easy?
Both, FXCM and OANDA have a free demo facility (fxcm is limited to 30m days I believe).

I tried them both and made my choice based on costs/spread.

Others might have different criteria.
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Old Aug 28, 2003, 7:04am   #37
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MINI ACCOUNTS
echo of jonnyt's question for the fxcm guy....why doesn't the uk office have a mini account?
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Old Aug 28, 2003, 7:16am   #38
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Re: Is it really this easy?
I received an email the other day. "Saxo Bank partners with E*trade: New Forex Pricing & UK Service." Might be of some use to you, have a butchers,
https://accounts.uk.etrade.com/forex_page.htm

Good luck
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Old Aug 29, 2003, 10:51am   #39
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Re: Is it really this easy?
Hi all

Can anybody tell me if the spreads quoted by FXCM are a fair representaion of the market place or are they a rip off.

Cheers

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Old Aug 29, 2003, 11:09am   #40
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Re: Is it really this easy?
JonnyT started this thread The market is decentralised. FXCM guarantee the price you see is the price you pay. So no requotes. Stops are likewise guaranteed.

I have seen tigher spreads but the price moves around a lot more. The price also moves around a lot more on Deal4Free.

Horses for courses
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