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IB killing forex trading?
Started:August 11th, 2016 (05:36 PM) by Aufidius Views / Replies:2,396 / 30
Last Reply:September 30th, 2016 (09:21 AM) Attachments:0

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IB killing forex trading?

Old September 30th, 2016, 09:21 AM   #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, 27 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.

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