NexusFi: Find Your Edge


Home Menu

 





Interactive Brokers spot forex liquidity


Discussion in Brokers

Updated
    1. trending_up 2,729 views
    2. thumb_up 1 thanks given
    3. group 3 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
Kalisto
Geneva, Switzerland
 
Posts: 64 since Dec 2015
Thanks Given: 74
Thanks Received: 26

It seems that spot forex at IB have switched from half pips to tenth pips not so long ago.
If you are a live client, would you mind posting a couple screenshots of the order book on the majors, EUR/USD and GBP/USD especially , or just comment what's the average liquidity to be expected on average for each tenth pip line, and spreads nowadays.

I also understand that the model is the ECN type, not exchange (LMAX type) with the risk to get last look slippage from liquidity providers on top of latency and liquidity slippage.
If you have traded there for a long time, are you satisfied with the quality of executions overall ?

IB does not seem to be a leader for spot fx, regarding monthly traded volumes, so I'm wondering if it's worth it.
I know about the pitfalls already : 100ms snapshot data, data requests limitations and the need to convert manually the currencies' PnL when they do not happen to be in your account base currency.

Are the statements clearly understandable for an accountant or not the best ? Can you print monthly summaries ?


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
February NFP Preview -- Why This Mornings Jobs Number Co …
Traders Hideout
Prop Firm Tracked Payouts Hit $115M in Q1 but Growth Fla …
Funded Trading Evaluation Firms
Eurex Eyes Prediction Markets -- Europes Biggest Derivat …
Prediction Markets & Event Contracts
CFTC Opens First COT Report Review in 20 Years -- Asks W …
Traders Hideout
CFTC Chair Selig Puts Timeline on US Crypto Perpetual Fu …
Cryptocurrency
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Sober Journey With S&P
24 thanks
2026 Jlab journal
10 thanks
Algo automated / semi-automated trading anyone?
6 thanks
Lady Vols Primer: Trading Volatility Journal
6 thanks
Trying to learn Volume and price action correlation
5 thanks
  #3 (permalink)
 MacroNinja 
Buenos Aires Argentina
 
Experience: Advanced
Platform: NT, MT4, Sierra
Trading: S&P, Bonds, Crude, FX
Posts: 250 since Sep 2014
Thanks Given: 37
Thanks Received: 257


IB will show you the exact liquidity offered on the depth of market and obviously at the bid and ask. More importantly, most of the liquidity is actually at half pips, i.e. .00005. Typically there's at least $2M-$5M on the majors at any given moment during London or NY.

For all the "drawbacks" that you mentioned, the execution tends to be spot on and rarely will you get hit by "off quotes" to take out orders that don't actually trade through your price because of spread issues by less reputable brokers.


Reply With Quote
Thanked by:




Last Updated on February 10, 2016


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts