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IB killing forex trading?
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IB killing forex trading?

  #21 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
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Blash View Post
Ok thank you.

I did not realize you guys had FX thru FXCM. I called them yesterday to find more. They called me this morning. I told them I use Ninja and they did not tell me anything special like you are.

I huge part of the reason I am with IB is because of their acct security with 2 step authentication. FXCM does not have this and I assume you guys don't as well since you use them. Correct?

Ron


Sent from my iPhone using Tapatalk


NinjaTrader View Post
Not sure why that would be the case? See here - NinjaTrader - FXCM


Correct.

I fill it odd that more brokers don't have more secure technology like two step authentication, but just a simple password like a free email account might have.

Where a lot of money is on deposit (>$100k) I think it makes sense to secure it well. Big part of the reason I like IB, they get that.

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #22 (permalink)
Elite Member
San Francisco Bay Area, CA
 
Futures Experience: Beginner
Platform: NinjaTrader, TWS
Broker/Data: IB
Favorite Futures: CL, ES
 
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Blash View Post
I fill it odd that more brokers don't have more secure technology like two step authentication, but just a simple password like a free email account might have.

Where a lot of money is on deposit (>$100k) I think it makes sense to secure it well. Big part of the reason I like IB, they get that.

Ron

Hey Ron,

Yeah, I'm in the same boat--originally signed up with IB for their tight spreads and the 2-step authentication but now it looks like the only options are Forex dealers with horrific spreads and potentially less secure accounts....

I'm still searching for something comparable, but right now it looks like the options are limited--here's the list I've compiled so far:

Tallinex
MBtrading
Oanda
FXCM (or NinjaTrader Brokerage)
ATC
CitiFX Pro
FXChoice

If you (or anyone else!) have any other suggestions, I'd love to hear about them.

Thanks!

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  #23 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,530 since Nov 2011
Thanks: 4,417 given, 2,264 received
Forum Reputation: Legendary



Sniff View Post
Hey Ron,



Yeah, I'm in the same boat--originally signed up with IB for their tight spreads and the 2-step authentication but now it looks like the only options are Forex dealers with horrific spreads and potentially less secure accounts....



I'm still searching for something comparable, but right now it looks like the options are limited--here's the list I've compiled so far:



Tallinex

MBtrading

Oanda

FXCM (or NinjaTrader Brokerage)

ATC

CitiFX Pro

FXChoice



If you (or anyone else!) have any other suggestions, I'd love to hear about them.



Thanks!




After I spoke to FXCM the other day about opening an account they keep calling me. I inquired about 2 step authentication and they don't have it either. I asked the guy to bring it up in their next meeting....lol.

When I login to TWS I can still get all the FX quotes. I have not tried to place an order only because I have had zero time, but I will soon. Plus, IB's website has not changed even a little bit regarding FX trading so I'm confused. But I'm sure it's just my wishful thinking.....lol.... Once I place a limit I'm sure it will be rejected based on account size.

I have 2 step authentication with Amazon Photos and with their Alexa app yet I can't open a FX trading account with a big chunk of change with 2 step..... This industry is way behind the curve....IMHO.

Ron


Sent from my iPhone using Tapatalk

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
 
  #24 (permalink)
Elite Member
San Francisco Bay Area, CA
 
Futures Experience: Beginner
Platform: NinjaTrader, TWS
Broker/Data: IB
Favorite Futures: CL, ES
 
Sniff's Avatar
 
Posts: 18 since Jun 2012
Thanks: 99 given, 59 received


Blash View Post
After I spoke to FXCM the other day about opening an account they keep calling me. I inquired about 2 step authentication and they don't have it either. I asked the guy to bring it up in their next meeting....lol.

When I login to TWS I can still get all the FX quotes. I have not tried to place an order only because I have had zero time, but I will soon. Plus, IB's website has not changed even a little bit regarding FX trading so I'm confused. But I'm sure it's just my wishful thinking.....lol.... Once I place a limit I'm sure it will be rejected based on account size.

I have 2 step authentication with Amazon Photos and with their Alexa app yet I can't open a FX trading account with a big chunk of change with 2 step..... This industry is way behind the curve....IMHO.

Ron


Sent from my iPhone using Tapatalk


Yeah, they're still giving me the quotes and letting me trade FX, but I suspect they'll be flashing warnings at me soon when I try to place another order.....

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  #25 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 1,997 since Sep 2010
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Sniff View Post
Hey Ron,

Yeah, I'm in the same boat--originally signed up with IB for their tight spreads and the 2-step authentication but now it looks like the only options are Forex dealers with horrific spreads and potentially less secure accounts....

I'm still searching for something comparable, but right now it looks like the options are limited--here's the list I've compiled so far:

Tallinex
MBtrading
Oanda
FXCM (or NinjaTrader Brokerage)
ATC
CitiFX Pro
FXChoice

If you (or anyone else!) have any other suggestions, I'd love to hear about them.

Thanks!

CQG FX as a trading platform. This is basically Q Trader for free and works as an ECN model.
As far as I know they are also adding the ability ti open multiple charts. They charge $70 per million.
We offer it via Optimus FX and DirectFX (non usa only)

Thanks,
Matt Z
Optimus FX

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; August 16th, 2016 at 11:47 PM.
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  #26 (permalink)
Elite Member
San Francisco Bay Area, CA
 
Futures Experience: Beginner
Platform: NinjaTrader, TWS
Broker/Data: IB
Favorite Futures: CL, ES
 
Sniff's Avatar
 
Posts: 18 since Jun 2012
Thanks: 99 given, 59 received


mattz View Post
CQG FX as a trading platform. This is basically Q Trader for free and works as an ECN model.
As far as I know they are also adding the ability ti open multiple charts. They charge $70 per million.
We offer it via Optimus FX and DirectFX (non usa only)

Thanks,
Matt Z
Optimus FX

Hey Matt,

I just wanted to make sure I understood correctly--CQG FX is available to US residents but just isn't available via DirectFX--is that right?

Thanks.

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  #27 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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Sniff View Post
Hey Matt,

I just wanted to make sure I understood correctly--CQG FX is available to US residents but just isn't available via DirectFX--is that right?

Thanks.

I am sorry if I was not clear. Optimus FX offer CQG FX via DirectFX which is registered in Australia.
DirectFX does not accept any US residents, but most other countries: Canada, Europe, Asia, Etc.

As far as I know, Oanda offers CQG FX as well, so you may be lucky there.

When I started doing research about FX platforms, I was a bit surprised that most use MT4.
Look at CQG FX, CTrader and others that simply beat MT4 hands down and they are FREE.
The key of course is to find also those who offer true ECN models. In my opinion IB was one.

I hope this helps.

Regards,
Matt Z
Optimus FX
Optimus Futures

There is a substantial risk of loss in futures and forex trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #28 (permalink)
Trading Apprentice
Vancouver, BC
 
Futures Experience: Beginner
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Posts: 25 since Sep 2014
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So, to be clear, this change at IB applies to US-based traders.

Does this also mean no Forex Futures contracts either? Or does this apply to just IDEALPRO spot market?

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  #29 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
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thetamax8 View Post
So, to be clear, this change at IB applies to US-based traders.

Does this also mean no Forex Futures contracts either? Or does this apply to just IDEALPRO spot market?

As far as i know this affects US based customers only because IB is also a broker-dealer.
This will not affect their futures traders.

Thanks,
Matt Z
Optimus FX
Optimus Futures

There is a substantial risk of loss in Futures and Forex trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #30 (permalink)
Shakes
Alexandria, Minnesota
 
Futures Experience: Beginner
Platform: Ninja trader
Broker/Data: IB / IQFeed
Favorite Futures: Forex
 
Posts: 135 since Jun 2014
Thanks: 30 given, 33 received

My only choice


Hello, it looks like my only choice for FX is FXCM and Forex.com. MB trading got acquired, they won't be supporting the platform going forward.

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