Discussion on ECN forex broker
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Thread: Discussion on ECN forex broker

  1. #1
    Ok, my first post here so I try to not mention services and I read the rules but I'm sure to.

    I'm scalping having an ECN broker which charges $0.5 each 10K lots that's $$$ expensive! That I paid $ 200 almost half of my earning although I realized the gravity of the when at the end of the week I made $ 400 in transactions! WHAT THE .... Lol

    I'm using that service because it's popular with many good reviews and so on and so forth and apart from the price of commission I don't have any real complaints. It is a great broker. And I've also tried MM brokers prior to but I lost money with them, my view.

    However there must be competition for it somewhere which is cheaper, ideal!?

    Based on some other site (pinch of salt )

    http://www.100forexbrokers.com/stp-ecn-brokers

    The least expensive I found is $0.25 per trip but not sure if this broker is up and running since there is no reply to my emails.

    Anyone willing and brave enough to go over this topic? Perhaps we could make another $ $$ broker perspire a little

    And another thing , although I was doing a search from the site around ECN brokers, how do you know whether it's truly an ECN broker, they say that they are but how can a retailer test!? I've seen but their spreads are fixed. How can that be?

  2. #2
    $2 per $ 100k charges, but their minimal lot size is 25k. That's the least expensive rate amongst the 3 retail ECNs (IB, MBT, FXCM/HotSpot).

    Quote Originally Posted by ;
    how would you know if it's really an ECN broker, they say they are but how can a retailer check!? Their spreads are mended although I've seen some who claim to be ECN. How can that be?
    Well there are just 3 retail ECNs, so that should make deciding which broker is or isn't an ECN comparatively easy. No ECN would have fixed spreads, which is making this claim? Remember that if a trader offers STP, that doesn't mean they're an ECN (no working desk and STP are really just marketing terms traders use not to sound like traders).

    Perfect way to find out if a broker is the ECN is if they reveal depth of market, such as this:

  3. #3
    EsesngoSutes??
    Guest
    Quote Originally Posted by ;
    IB costs $2 per $100k, but their minimum lot size is 25k. That is the least expensive rate amongst the 3 retail ECNs (IB, MBT, FXCM/HotSpot).


    Well there are just 3 retail ECNs, so that should make deciding that broker is or isn't an ECN comparatively easy. No ECN would ever have fixed spreads, which one is making this claim? Remember that if a dealer offers STP, that does not mean they're an ECN (no dealing desk and STP are really just marketing terms traders use to not sound like traders).

    Best way to determine if a broker is...
    You dare exit DUKASCOPY!!!!!????!


  4. #4
    The more you trade, the lower your commission will get. Trade for a month or 2 reveal your broker your volume.

    Trader, what is the minimal opening account dimensions (deposit) in IB?

    Dukascopy is reduced commission too. If im not mistaken, they require a initial financing to open.

  5. #5
    Quote Originally Posted by ;
    You dare exit DUKASCOPY!!!!!????!


  6. #6
    Quote Originally Posted by ;
    Trader, what is the minimal opening account dimensions (deposit) at IB?
    $10k.

  7. #7
    Thanks for the responses everyone.

    I heard Dukas is quite good but a bit out of my league ;-LRB-

    I really do have an dormant account with IB, but I have not traded forex there until. 1. I heard that their fills stink two. The leverage is low. I try and see.

    So ...

    ATC brokers, AMIFX, ADM deritives and Nordmarkets Aren't just one or some of these? No Dealing Desk STP ECN

    Strange, I seen some of these with fixed spreads so I did believe it is somewhat weird that they claim to be and a number of them have changeable spreads too that bill commission. I'll see if some have market depth.

  8. #8
    Quote Originally Posted by ;
    I do have an dormant account with IB, but I have not traded forex there before. 1. I heard their fills stink two. The leverage is low. I try and see.
    No problem with matches here, but their leverage is reduced relatively.

    Quote Originally Posted by ;
    ATC brokers, AMIFX, ADM deritives and Nordmarkets Aren't one or some of these? No Coping Desk STP ECN
    ATC - white labels HotSpot and provides Currenex, both are ECNs
    AMIFI - not an ECN
    ADM - provides Currenex HotSpotFXi, both are ECNs
    Nordmarkets - not familiar with them

  9. #9
    Quote Originally Posted by ;
    No problem with matches here, but their leverage is reduced relatively.


    ATC - white tags HotSpot and offers Currenex, both are ECNs - I wonder how the FXCM take over will influence them. They had been an ib for hsfxr that will be gone soon.
    AMIFI - maybe not an ECN
    ADM - offers Currenex HotSpotFXi, both are ECNs
    Nordmarkets - maybe not acquainted with them
    = they're connected to Currenex - however they aren't the most suitable choice.

    There are a lot of retail aggregators around who offer Currenex to their bigger clients. Usually 6 amounts to get on a Currenex feed.

  10. #10
    Im not in the loop HotspotFXi performs in the moment, but its another alternative for 'not-that-big' accounts. It can be accessed via Advantage Futures for example - commission is. They only have a $5000 minimum deposit, but of course the account has to be adequately financed to trade 500K lots on a 40:1 margin (grisly margin is only 20:1).

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