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ACM is 5 pips on majors, not 3... (std accts)
- Thread starter 2cents
- Start date
Better stay away from these "brokers".Quote from Frege:
These brokers gives you 2 pips spreads on all pairs:
www.forex-swiss.com
www.fxtrader.net
if you don't mind 'individual pricing' to the tune of 1-7 pips against you when you are into a position, and can live with spreads widening up to 30, even 70 pips sometimes and completely outside of news announcements etc (dealer getting mad or system glitches...) for a few minutes at a time, then, yes... they're good...Quote from hagadol:
I see that AC Markets got a court ruling, this week, to let them dilute the Refco 51% stake to less than 25%.
Anyone trading with them and has something positive to say !?
Quote from jimrockford:
2cents,
Does the amount by which ACM moves their spread vary, depending on your position size? If so, then what is the relationship? It seems to me that if you can measure the relationship, then maybe you can use this knowledge against them.
Suppose the amount by which they move the spread is the same, for all position sizes. You first take a very small position, opposite to the direction in which you wish to trade. They move the spread against your small position, at which time you hit them hard with a far larger position, your true order, going in the opposite direction.
I just discovered a mistake in my proposed strategy. The second and larger entry would need to be in the same direction as the first and smaller entry.
It is also important to recognize that this strategy would, at best, neutralize a broker's individualized pricing, so as to prevent loss resulting from that pricing, but this strategy would not, by itself, generate a profit.
Quote from 2cents:
thks! v.honest answer from them. doesn't that and the rest of the info i have posted earlier in the thread answer yr question though?
No, it doesn't really answer to what was said on this thread.
Within forex, arbitrage is the purchase or sale of 3 or more instruments and gaining profits on their discrepancy. There are no arbitrage opportunities when only 2 currencies are involved.
ACM was talking about ânot paying spreadâ
Or do you have a different idea what âprice-picking or arbitraging pricesâ is?
You are thinking of one particular textbook example of arbitrage (3 securities), assuming a perfect, idealized, ivory tower market. In the real world, even 2 securities is not necessary. Scalping 1 currency pair with accounts at 2 dealers, or even 2 accounts at the same dealer, also falls under arb.