Thanks a lot for the answers.Originally Posted by ;
I have before also used IB, and yes their platform is not to user friendly!
I will keep digging
PC
Thanks a lot for the answers.Originally Posted by ;
I have before also used IB, and yes their platform is not to user friendly!
I will keep digging
PC
then you're ready to move on the bigger leagues afterward LOLOriginally Posted by ;
The next level of brokers for you is LMAX, LCG and Baxter-FX then. I haven't traded with some of them as their min. Startup balance is far too much for me but Interactive Brokers does have among the smallest slippages.
Good luck!
Agreed, sadly IB also has got the worst potential rollover interest rates on the market so I would only use them in pure scalping / day trading settings.Originally Posted by ;
I've got the identical problem together!
Iam scalping like you do.
I put my pending order and also have udines EAs handling the transactions...
Had a trade couple of minutes back on EU. Quiet market hours, impending was place at 1.0877 along with the order got filled at 1.0876.
When it got triggered the right price I'd have gained a nice and smooth TP, but instead I ended up (fortunate) at BE commission...
I had a chat with the support team, but they actually don't care about the issue!
They're attempting to tell me that my EA (that can be running on my account) is setting up these pendings and bla bla bla...
So Iam also assessing new brokers.
On my listing are JFD Brokers (min deposit $500), ActiveTrades (min deposit $100), Tickmill (min deposit $100) and Sensus Capital Markets (min deposit $1000)
Yes they pay $2 for a Extended rolled over AUS position LOL, lowest in forex market I believe. For that they might as well keep it. LOLOriginally Posted by ;
I am curious though how do you scalp using their TWS? It's horrible and slow and error-prone!! I just mostly swing-traded or traded news when I was with them for that I needed to be extra cautious before I placed in a transaction.
All those are largely likely to be the same as IC Markets, MM brokers posing as STP/DMA/ECN/Agency-model brokers simply by their low deposit demand and probably significant leverage. Not to discriminate them anything but there is just simply NO WAY that you can participate in the market with only low deposit however high the leverage is. So most probably your trades will be implemented by those brokers themselves on their internal ECN, hence the very same troubles, slippages and etc..Originally Posted by ;
To trade on the true ECN with comparatively low slippage, you want to put in a little more income.
I stick to the exact same opinion really. However, what you think about the reasonable funds to combine interbank? 10K? Or a bit more?Originally Posted by ;
I am currently with Tickmill are they in precisely the exact same mould as IC? Still unsure about these, although great that they has comission that is reduced. .
Hey pipcruiser,Originally Posted by ;
I had in mind that I have a pending order script somewhere on my harddrive which pops concealed pending orders.
Maybe this is a little way to solve the problem we have with ICM...
Iam attaching the script for this post, download it and put it into your script.
I shall test it if it is functioning better or slippage is going to be the same.
Have a wonderful weekend all together
https://www.forexforum.co.za/attachm...1213973806.ex4
I will tell you any time when you find a broker is anything the following, it is 99.99999999999% a MM broker nevertheless posing as STP/DMA/Agency Model/ECN broker:Originally Posted by ;
Beginning equilibrium in the hundreds: $400, $200
Super-high leverage: 400 into 500:1
Offers MT4 even as ECN
so that I will allow you to figure out if Tickmill is a REAL ECN or a MM posing as ECN
Again I am NOT attempting to discriminate against these brokers. Just because it is a MM broker it doesn't mean they are always bad. There are plenty of MM brokers that are OK . however, it's an issue due to their transparency and truthfulness in their advertising. If they are MM in their performance, they should just come out and say it like Oanda, FXCM and CMC and NOT hide behind the ECN manufacturer and just disclose in their PDS. There's ABSOLUTELY nothing wrong with brokers such as Oanda, FXCM and CMC; plenty of traders trade with them and they are fine with it. In fact, I understand a trader who left IC Markets for CMC.
For trading on the interbank market, considering the standard contract size to the interbank market is $100K and it is prudent not to have too high leverage, so with approximately 50:1 or maximum 100:1 leverage such as from UK, you are looking at 100,000/50 = $2000 offer and take rooms for price movements for multiple lots in case you want to exchange them, then you are looking at $10K AT LEAST.
IC markets charge huge swap on inventory index. There is no way to trade stock index together with IC markets.
FXCM has 10 pips difference between the price on the chart and also the market watch. Buy stop and sell stop orders dependent on the chart can be screwed up. Other brokers also introduce a gap between the chart and the true market price to cheat on traders, but not as wide as 10 pips. This 10 pips might cause sudden stop loss and in the long term a significant deal for traders and the brokers. Traders's loss is brokers' profit.