Market depth Forex data

Discussion in 'Forex Brokers' started by nathans, Jan 17, 2021.

  1. nathans

    nathans

    Hello,
    Which Forex broker provides market depth Forex data?
    Thanks, N
     
  2. bluelou

    bluelou

    What you want is called a central limit order book (CLOB). I don't know if you'll find that for a retail account, but the ECNs offer them. Keep in mind that there's no forex exchange so don't expect activity in a forex ECN CLOB to have the same behaviors you'd see in, say, a futures exchange CLOB.
     
    DiceAreCast likes this.
  3. nathans

    nathans

    Hi Bluelou,
    I know that Forex does not have a CLOB, but big players like for example IB, who get liquidity for numerous providers, do provide their order book which is an aggregation of all their orders.
    Are you aware of any other broker that provide their "own" LOB?
    Thanks, N
     
  4. Dukascopy as far as I know. And lmax, though they are more like an ecn than broker. All others are ecns. Pepperstone Australia can customize liquidity pools there was another Australian one but it slipped my mind.

     
  5. bluelou

    bluelou

    I'm in the US so IB isn't a viable option for forex. I think the account minimum is like $10 million, I'm not sure tho. Also, when a forex broker creates a LOB it's only as good as the market makers submitting quotes. That is, it's a limit order book, but it's not a _central_ limit order book.
     
    Last edited: Jan 17, 2021
  6. IB lets you trade fx even in the US of any size just not leveraged. For leveraged fx US accounts need a certain a funding amount, forgot what it is, 10mln may seem right.

     
    bluelou likes this.