i liked EFX, I met some of the folks in Chicago. Sounds like a good deal, but as always, do your DD.
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Anyone using EFX Group?
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i liked EFX, I met some of the folks in Chicago. Sounds like a good deal, but as always, do your DD.
Yes i thought so also. But now i wonder, that - since the datasource is not the same - there could be differences in the quotes, EFX and a MT4 broker would deliver.Quote from JMowery1987:
I'm confident, that if I open an account, it will be with EFX, and I'll just run Metatrader 4 for charting.
I used the demo of efx but i dislike their software a lot. For me MT4 is by far the best software available. I'm sorry, that the best brokers out there do not support it. I looked at goforex recently and efx should give very good results. They have a very good reputation.
However, the demo was bad: very long waiting for placing an order, sometimes up to 20 seconds. However, one user said, that wouldn't be problem with a live account.
Another question to the forum: how is news trading with EFX as I am a news trader. Do they lock the trading once news are out or do they widen the spread as Ouanda does on news?
Quote from elitegeorge:
Yes i thought so also. But now i wonder, that - since the datasource is not the same - there could be differences in the quotes, EFX and a MT4 broker would deliver.
I used the demo of efx but i dislike their software a lot. For me MT4 is by far the best software available. I'm sorry, that the best brokers out there do not support it. I looked at recently and efx should give very good results. They have a very good reputation.
However, the demo was bad: very long waiting for placing an order, sometimes up to 20 seconds. However, one user said, that wouldn't be problem with a live account.
Another question to the forum: how is news trading with EFX as I am a news trader. Do they lock the trading once news are out or do they widen the spread as Ouanda does on news?
when I tried efx ... their quotes were all over the place.... sometimes even displaying -ve spreads for fractinos of a second. However, trying to hit any of these will be impossible. good lucktrying to trade news through them, you'll find that either like IB the liquidty providrs will just ignore your ordres around news or there'll be someone just that millisecond faster than you. If you want to trade the news, stick to retail brokers and milk them for as much as you can until they change their t&c to protect themselves
Please .. what do you mean with "-ve spreads" and what do you mean with "t&c"? The software from efx is horrible, isn't it? But their conditions seems to be very fair: 0-1 pips spread, scalping allowed.Quote from sccz97:
when I tried efx ... their quotes were all over the place.... sometimes even displaying -ve spreads for fractinos of a second. However, trying to hit any of these will be impossible. good lucktrying to trade news through them, you'll find that either like IB the liquidity providers will just ignore your orders around news or there'll be someone just that millisecond faster than you. If you want to trade the news, stick to retail brokers and milk them for as much as you can until they change their t&c to protect themselves
I consider FXDD as they have also a good reputation AND they support MT4 software. But I'm not sure, if they have enough liquidity or would lock on news or widen the spread on news.
I was very pleased with the strategybuilderfx demo, but, when I wanted to go live with them, I recognized, that they only support CoesFX and Solidgold as clearing parties. Solidgold? Never heard from them. They have 3 pips on major and 4 pips on minor. I then considered CoesFX but FXDD seems to have the better reputation. CoesFX is an ECN, but seems to have not enough liquidity for news trading. So I'm looking for FXDD now. Maybe I'm ending with Oanda as the most users seem to, though their conditions (1:50 leverage, spread widens to 15 pips on news, bad charting) are not encouraging.
Quote from elitegeorge:
Please .. what do you mean with "-ve spreads" and what do you mean with "t&c"? The software from efx is horrible, isn't it? But their conditions seems to be very fair: 0-1 pips spread, scalping allowed.
I consider FXDD as they have also a good reputation AND they support MT4 software. But I'm not sure, if they have enough liquidity or would lock on news or widen the spread on news.
I was very pleased with the strategybuilderfx demo, but, when I wanted to go live with them, I recognized, that they only support CoesFX and Solidgold as clearing parties. Solidgold? Never heard from them. They have 3 pips on major and 4 pips on minor. I then considered CoesFX but FXDD seems to have the better reputation. CoesFX is an ECN, but seems to have not enough liquidity for news trading. So I'm looking for FXDD now. Maybe I'm ending with Oanda as the most users seem to, though their conditions (1:50 leverage, spread widens to 15 pips on news, bad charting) are not encouraging.
not trying to sound harsh but it really doesnt sound like you have any idea how the markets work and yet you're trying to trade during highly volatile times which is extremely dangerous, more so if you're trading in an unregulated market. It's obvious with the latest onslaught of signal providers aimed at news traders more and more ppl are trying to find brokers that can accomodate this type of trading. Bottom line .... why are these ppl offering signals instead of trading themselves? Think about that for a while and maybe you'll understand why there are fewer brokers now and probably now in the near future that will make it possible to trade figures this way.
I am sorry to hear, that news trading did not work for you. But it for sure worked for me.Quote from sccz97:
not trying to sound harsh but it really doesnt sound like you have any idea how the markets work and yet you're trying to trade during highly volatile times which is extremely dangerous, more so if you're trading in an unregulated market. It's obvious with the latest onslaught of signal providers aimed at news traders more and more ppl are trying to find brokers that can accomodate this type of trading. Bottom line .... why are these ppl offering signals instead of trading themselves? Think about that for a while and maybe you'll understand why there are fewer brokers now and probably now in the near future that will make it possible to trade figures this way.