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John W

Regular
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Posts: 96

Joined: 6/18/2011
Location: Sydney, NSW, Australia

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Subject : RE: Please Nirvana, we need more forex brokers.
Posted : 1/9/2021 5:58 PM
Post #31347 - In reply to #31345

Hi Barry, just following up with more info.

I now realize why CFD's are an unknown.
According to IB and other broker websites CFD's can be traded by anyone except residents of the USA, Canada, Hong Kong, New Zealand and Israel.
That leaves a lot of people! For instance anyone outside those 5 countries can trade multiple markets right across the world using CFD's.

The links below gives good info showing the huge depth of worldwide CFD trading related to stocks, indexes, futures and FX, and goes through the pros, cons, costs and benefits. There are over 7000 symbols that can be traded.

https://ibkr.info/article/1984
https://ibkr.info/node/1912

With regard to the particular issue to make OT and IB trade CFD's it appears that OT may need an extra "security type" of CFD and an extra "Exchange" called SMART, and IB reference symbols in the futures profile. IB reference symbols already exist in the stocks profile.

The link below gives examples to link IB in MT4 format, perhaps this assists?

http://www.mt4-tws.com/most-used-interactive-brokersib-symbols.html




[Edited by John W on 1/9/2021 6:27 PM]

Deleting message 31347 : RE: Please Nirvana, we need more forex brokers.


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