First time with real money and I need help to choose between 3 - Page 2
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Thread: First time with real money and I need help to choose between 3

  1. #11
    Quote Originally Posted by ;
    Hey Manel, maxim asks a fantastic question which you ought to consider carefully before using real money. For example, I think FXPro is a fantastic choice if your looking for an ECN broker. Plus they offer the cTrader platform that's fantastic for ECN. MT4 is a superb platform but it may be interfered with from a broker (im not a programmer so I can not explain why). However if your looking for spreads afterward another broker might be more suitable. Fantastic luck may the pips be with you.
    Thank you guy, I did not have seemed to cTrader yet. The issue with cTrader is merely the comissions, I'll try it on a demo account to see the results.

  2. #12
    I don't know nothing about those three brokers, but I is on the lookout for a good one, because mine is rather slow I believe. I am thinking about FXpro, I heared a lot about it good, a thread is about FXPro in this forum, you can read smth there

  3. #13
    Quote Originally Posted by ;
    quote Would you give some resources or prove for your promises? I've a dozen of live trading accounts, and guess what - ActivTrades is a part of this diversified basket. The account is extremely profitable (I'm not speaking about 10 dollars) and operating for something like a year. Support and withdrawal is to everything you strike elsewhere competetive. That doesn't make them a brilliant broker however. Their data feed is slow and they've frequent issues that are technical. So reliability is not their strength. However, your statement is imho simply false....
    Https://cdn.activtrades.com/document...en_summary.pdf

    This really is their own legal disclosure document where they describe their order execution policy. See the sentence:

    In most deals with you we act as principal and not as agent on your behalf and we consequently act as the sole execution venue for the execution of your orders.

    What this sentence means: They are the market maker, the key to your transactions and you exchange ONLY together so they're the sole counterparty to your transactions i.e. they take the other side of your transactions. When you buy, it is those who have sold it and vice versa. When you trade with one person and one person only and that person is on the opposite of your trade, what happens when you are winning? It is not hard to imagine what is happening to the person who is taken the side of your transaction.

    And in the area in which it says No Fiduciary responsibility to you. They said very clearly:

    Our commnt to provide you with the best execution does not mean that we owe you some fiduciary responsibilities over and above the particular regulatory duties placed upon us or as possibly contracted between us.

    What this sentence means: '' They don't give a shit about if you have the best price or maybe not to your trades. They do the bare minimum to execute the transactions at whatever price is there and that is it. And this could explain their data feed is indeed slow and they've issues that are technical that are so frequent. REAL ECN brokers or market maker brokers you rarely find technical issues and who hedge do NOT have data feed.

    Bottom line: PURE casino broker and nothing else. Trade at your own risk.

    Tip to future traders who wish to figure out whether the broker is MM or MM brokers who hedge or STP or ECN brokers: READ their Disclosure Statements. They are typically posted in the bottom in print in the section Legal Information or Legal Stuff. If the broker is regulated, they are required to publish these Disclosure Statements. You might need to look for those records in their site but they're there. If they do print those Disclosure Statements then they're either breaking up maybe not regulated or the regulations. Then you simply do one thing Cuz they're scam brokers.

  4. #14
    Quote Originally Posted by ;
    quote https://cdn.activtrades.com/document...en_summary.pdf This is their very own legal disclosure record where they clarify their order execution policy. Notice the paragraph: In most dealings with you we act as principal and not as agent for your benefit and we act as the only execution venue for your execution of your orders. What this sentence means: They're the market maker, the key to your transactions and you exchange ONLY together so they are the only counterparty to your transactions i.e. they take the opposite side...
    Thanks for your detailed response, - it is much appreciated.

    However, things are not as bad as they seem. Reasons largely drive texts, to prevent themselves from any demands in compliance with their regulation of course.

    They use a hybrid system where they turn profitable clients to an ECN like liquidity pool to transfer the risk, and it can be pretty fair. MM are not bad in GENERAL (SCAM ones apart), as for some trading kinds it even offers advantages: no slippage no repuotes, since they supply the quotes for example. It depends on your requirements. I have worse experiences with true ECN brokers regarding user-friendly problem and withdrawal for example . . But we are falling away from the thread subject.

    I would not recommend them, but perhaps not for the reasons you are describing.

  5. #15
    Quote Originally Posted by ;
    quote Forget about ActivTrades. They are a market maker broker so they trade against you and you will profit if they lose and of course they will NOT lose so you will NOT profit when you trade together. GlobalPrime and fXPro are precisely the same. They are both what is called STP brokers that act as ECN brokers when you exchange sizes and/or are profitable and act as a market maker if you trade small size and are not that profitable. Considering you are going to deposit $500, chances are they'll behave as market...
    Wakey Wakey. Show me some evidence of all of your upside down bills...

  6. #16
    Quote Originally Posted by ;
    quote Wakey Wakey. Show me some proof of all your upside down bills...
    View my #post 13 above.

  7. #17
    Quote Originally Posted by ;
    quote Thanks for your detailed answer, - it's much appreciated. Things are never as bad as they seem. Reasons mostly drive disclosure texts, to stop themselves from any requirements in compliance with their regulation of course. They use a hybrid system where they turn profitable customers to transfer the risk, which is pretty reasonable. MM are not bad in GENERAL (SCAM ones apart), as for some trading kinds it even offers advantages: no slippage no repuotes, as they supply the...
    There's NEVER ANYTHING good which will come out of a broker whose interest is not aligned with yours. You might have gotten lucky twice or once, but you will still lose because that's the ONLY way a broker who trades against you may make profit. That's their business model works; disperse is not enough to cover their invoices and they are otherwise not compensated in any other way besides spread. Thus MM is BAD. There's only 1 way that MM may be OK traders is if they market their trades. That way their interest is adapting a tiny bit with all the traders because they are risk neutral. If you win, they lose but they are also winning on their trades so it's a wash to them in terms of profitability. They will make their money. Traders will have SOME chance of winning supplied he/she has a fantastic egy that's not scalping.

    ECN, TRUE ECN brokers has NO or I must say less incentive to slide or requote you since they are adequately compensated by the commissions that they charge and the quantity that you do. So that you put to do volumes with 28, and they have no reason to not allow you to withdraw because they want to make you happy. It is very likely that you were not dealing with a ECN broker. Give their name to me and I'll inform you if they are ECN broker or not. TRUE, PURE ECN brokers are VERY RARE nowadays in retail Currency Market. There's only like 2. The majority are which hedges or STP or combination besides the MM or casino brokers.

  8. #18
    Quote Originally Posted by ;
    quote . . .TRUE, PURE ECN brokers are extremely RARE nowadays in retail forex. There's just like 2...
    Hello, Mr. .

    Would you please give the names of the two ones ?

    Thanks in advance,
    MrJinks.

  9. #19
    Quote Originally Posted by ;
    quote View my #post 13 above.
    What is wrong with market makers? Did you try ActivTrades (if your statement is right)?

    #lol'erectile dysfunction

  10. #20
    Quote Originally Posted by ;
    quote Hi, Mr. . Can you please provide the titles of those 2 ones ? Thank you in advance, MrJinks.
    Interactive Brokers and MB Trading as far as I know. You will find in prime brokers not in retail forex.

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