FXDD or IBFX?

[jesvuordzb]

Hello all,

I am trying to ascertain which of both of these brokers I must go with. I am looking for an MT4 broker that allows transactions as low as .01 of a typical block. I believe that is allowed by these both.

I have been demoing IBFX for some time and was thinking about going with them as my live broker. Yesterday I was told that FXDD was a better broker.

Is there that much of a gap, or will I be nice using IBFX.

Thanks Beforehand.

[jesvuordzb]

Oh, the demo account allows it.

I guess demo accounts don't have to follow the principles of routine accounts.

[jcesrrost]

Don't think FXDD offers 0.01 lot trading -- at least that's how I Know from their site: http://www.fxdd.com/account_types.html

they do 0.01 lot like ibfx... but You Must contact them personaly by email
I did that, and I got micro account in fxdd

[OEs2204]

they do 0.01 lot like ibfx... however you must contact them personaly by email
I did that, and I got micro account at fxdd

FXDD for 0.01 lot leverage 200:1, the margin charge you6.43 while IBFX at precisely the same case will charge for $0.50 only, that is mean decrease a lot of risk.

[wuSusoto]

FXDD to get 0.01 lot leverage 200:1, the margin cost you $6.43 while IBFX in the exact same case will cost for $0.50 only, that's mean decrease a lot of risk.

What means margin cost $6.43 ?

regards

[neschaguSTkr]

what means margin cost $6.43 ?

Regards

sten

I don't understand what he means by that margin cost. I had an account at IBFX, and currently have an account at FXDD. I asked micro lots via internet chat, and they upgraded my account within a few moments to be able to exchange 0.01 lot dimensions.

FXDD's trade execution is a LOT better than IBFX. IBFX is known as the king of this bucketshops, and having had reside accounts at both, I'd recommend FXDD. They are a bucketshop as well, but just a much better (or less worse??) one

[OEs2204]

what means margin charge $6.43 ?

Regards

sten

I mean if you are using MT4 either on IBFX or FXDD, should you start 0.01lot for EUR/USD with leverage 1:200, you can observe the margin there charge a $6.43 for FXDD a $0.50 for IBFX if you'd noticed. That's mean IBFX provide smaller margin to trade and suitable for all those investor with capital $500-1000. FXDD for larger capital, coz the margin fee greater, the risk will increase faster if open lots of transactions.

[wuSusoto]

O.k. thank you for your answers...

the risk is the same if I trade fxdd or even ibfx with 0.01 -- irregardless how high the margin is, however you cant start in an fxdd account maybe not as much positions than within an ibfx account, but this ist not a problem I think...

regards

Sten

[cSesigiunoes]

Don't think FXDD provides 0.01 lot trading -- that is how I understand from their site: http://www.fxdd.com/account_types.html