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Originally Posted by BadBoy
I just chatted with www.rfxt.com and they seems to be good, since you are the man with experiance, what do you think of them, currently I am with IBFX and they are killing me during the news
Thanks a lot for your help
Sam |
Hi Sam.
I would just like to make a comment on the post you made. I am currently clearing via InterbankFX with my IB. The main reason why the news is killing you is due to the Spread widdening during the announcements.
Depending on your trading style this can be a killer with prices being volatile and positions not getting filled. But I would like to point out that this is common among all clearing companies.
Note that the spread widdening is a good thing. It shows that you are not working via a dealing desk. Fixed spreads are associated with companies that trade against their clients.
My personal advise would be to stay clear of the News till an hour afterwards and watch the waves calm down.
I hope this helps.