Support Board
Date/Time: Sun, 24 Nov 2024 17:03:59 +0000
FXCM Trading Service Spreads
View Count: 1285
| [2013-11-23 23:37:51] |
| User29662 - Posts: 76 |
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I am interested in setting up an FXCM account through Sierra Chart to take advantage of the active trader spreads. Before I do that, I would like to see exactly how this resolves in terms of my actual trading. I understand there is no simulation mode for the FXCM account, however, does the simulation mode native to Sierra Chart (that uses the FXCM data) mimic the FXCM active trader spreads in terms of trade accounting? The bottom line is I'm trying to figure out what an average return trip trade would cost me with this service in comparison to my current fx broker which is IB. Thanks.
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| [2013-11-25 04:28:01] |
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We do not think you can rely upon the data that the Sierra Chart Forex Data (FXCM) service provides to be the same as what you would actually get your own account. This is what our documentation says: Raw active trader spreads +1 pip. Trade all available FXCM Forex pairs.
We would generally assume that Interactive Brokers if your trading in large lots would offer better spreads. We will let others comment on this. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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