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.Originally Posted by ;
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.Originally Posted by ;
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
Https://cdn.activtrades.com/document...en_summary.pdfOriginally Posted by ;
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.
Thanks for your detailed response, - it is much appreciated.Originally Posted by ;
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.
Wakey Wakey. Show me some evidence of all of your upside down bills...Originally Posted by ;
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.Originally Posted by ;
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.
Hello, Mr. .Originally Posted by ;
Would you please give the names of the two ones ?
Thanks in advance,
MrJinks.
What is wrong with market makers? Did you try ActivTrades (if your statement is right)?Originally Posted by ;
#lol'erectile dysfunction
Interactive Brokers and MB Trading as far as I know. You will find in prime brokers not in retail forex.Originally Posted by ;