When it comes to FX, the banks are still able to stripe up their clients in small amounts. An old mucker of mine told me of another example recently, which occurred after he bought some Canadian-listed shares through a well known stockbroker. The FX transaction was done some way below the low of the day, which seemed odd, given that it was a securities related transaction and therefore supposedly covered by MiFID. Most investors tolerate a small spread being added for non-market amounts, but it still seems that, in the UK at least, Johnny Retail Punter is getting royally ripped off.