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Are you watching the demo platform or a live. If it is live - does it still freeze?

and lava, currenex .....

It is less than half that but I do carry out decent volume. It is a shame - I was hoping there were much better deals out there!

and what is your total charge per million traded?

Just for your interest I trade with Currenex direct and not via FXCM or any other 3rd party. My prime Broker is RBS. Would be interested in to know how much you pay in total including your PB fee and the currenex fee.

I thought I made it clear - I use Currenex already (as well as several market markers and other ECNs). My point was that ECNs are good but there are drawbacks with them. I don't think people should be advised ever to deal with just one institution or that any one is perfect - take and use...

It is okay I already have a live account. Just pointing out that there are also drawbacks. Thank you for telling me what the real market does though - always nice to be educated! I can't comment on your experiences but from my own it is not often you are filled on your bid or offer without...

I agree with most of what you say but at the moment there are drawbacks on ECNs. There is good liquidity although when it is volatile spreads can go very wide as you are reliant on other particpants putting in bids and offers. With a retail platform the market maker will always be providing a...

The BIS (or maybe the central banks) do a survey that all participants have to complete.

How long ago did you try IFX? What did you think?

39. Live in the UK and trading has been my 'job' for 16 years.

This is factually wrong I am afraid. I trade with many different FX firms and I closed my acount with anyone as soon as I see evidence of 'bucket' shop type activity. I have closed my account with FXCM. As to direct factual evidence. Look at the euro dollar chart for August 2004 on the NFP...

I don't work for any bucket shop, or any provider at all. Just don't undertsand why anyone would want to trade with any bucket shop at all,esp FXCM.

Why would anyone want to trade with FXCM?

How can having funds with IB be safer than using Hotspot? Hotspot is merely an ECN so to use them you need a prime broker and RBS are the dominant player here. IB safer than RBS? Anyone who thinks that probably is of the belief (still) that Refco is safer than HSBC!

Always first Thursday of every month. Rate announced at 12.45 UK time, press conference 1.30 UK time.

But that still isn't inter bank - it is dealing with a bank as a single counter party. If you think they dont have the same, or more, tricks as 'retail' brokers then you are misguided. An ECN is the route to go - replicates or even betters the inter bank market

By definition inter bank is just that - trades between two banks. If you are not a bank then how can you be in that market? If you use an ECN though that is the equivalent with euro dollar 1 pip and the ability to pit in bids and offers. However banks do trade between themselves for less...

The demo was fine but the live system would freeze when it was volatile. I also understand from someone else that you can get fills at prices never actually shown on the platform. For that reason I would not say it was a patch on Hotspot, Lava or Currenex. However if the bugs can be sorted...

I would not do your head in over it. The second I saw the headline I bought 5m at 1.1677. It didn't seem to move so squared up in the 80s. It started to motor so bought another 5 at 1.1700 but started coming off so took a loss at 1.1698! Went 5 long again at 1.1705 and although made a bit more...