IB killing forex trading? - Brokers and Data Feeds | futures.io
futures io futures trading


IB killing forex trading?
Started: by Aufidius Views / Replies:3,259 / 30
Last Reply: Attachments:0

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 
Thread Tools Search this Thread
 

IB killing forex trading?

  #31 (permalink)
Trading Apprentice
London, UK
 
Futures Experience: Master
Platform: London hedge fund
Broker/Data: Goldman Sachs
Favorite Futures: Crude CL
 
wintergasp's Avatar
 
Posts: 29 since Sep 2016
Thanks: 1 given, 29 received


Aufidius View Post
just got this email from them..



sounds like basically you can't trade leveraged forex (IDEALPRO) unless you have 10 Million?

This is because everyone who trade FX and is not an institution, lose money. This is also why no hedge fund trade FX.

Most of IB's volume come from hedge funds that have less than 100m$ in AUM. So they don't care too much about people who open FX accoutns for 10k or 25k or whatever.

The FX business model has always been:
- Get 10k accounts
- Don't book the client's trade, essentially if the client buys, the broker sells.
- 95% of the traders lose 95% of their money in less than 95 days.
- Broker makes 10k.

If you're thinking STP like IB does, how much money will you make on 10k$ fx account.... 100$ over 2 years? forget about it. So they don't want to overhead of compliance and possible risk of clients being angry because they lost money, when they have the hedge fund business.

Reply With Quote

Reply



futures io > > > > IB killing forex trading?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

PTMC Protrader Platform First Look w/Sergey Sokolov

Elite only

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
IB Forex Signal Disconnect gmlee MultiCharts 0 December 11th, 2012 02:13 AM
Commissions for ES are killing me! Jugador Traders Hideout 21 July 18th, 2011 04:35 PM
MBT vs. IB for Serious Forex Trading wangwang Brokers and Data Feeds 1 June 17th, 2011 01:43 AM


All times are GMT -4. The time now is 04:12 AM.

no new posts
Page generated 2017-03-25 in 0.06 seconds with 19 queries on phoenix via your IP 54.197.150.255