You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Fxcm New Ecn Platform
- Thread starter JDL
- Start date
Quote from operator:
I read this early. I know FXCM has some issues as well as other brokers. But this fool in the complaint really thought he was trading on the interbank market with $7900. Come on now, how dumb are these people.
I think he was complaining about the vast discrepancies between interbank quotes and FXCM's quotes, as well as mysterious stop-hitting spikes and ridiculously wide spreads.
It all adds to the general concenus that FXCM is basically dishonest and not a company to do business with.
I agree though, he must be one dumb schmuck, the guy was trading a market he had absolutely no idea about and without any idea of how the company he traded with was doing business, what did he expect but to lose money. Unfortunately there are thousands just like him!
Quote from operator:
Probably some truth to this, but which bucket shop doesn't do this to some extent?
Absolutely, I agree, the difference is he didn't know how to exploit it or at least compensate/allow for it in his trading strategy, in fact it doesn't sound like he even knew it could happen until it had happened!
ok after demoing this platform i decided to go live this week so let me givie you an update, liquidity on my main pair i trade is not that good for a ecn, i trade gbp/usd in there liquidity on this pair seems to stay around 13mill, but on eur/usd and usd/jpy it stays around 30mill any way i won't be doing those numbers with them, spreads are very good and execution is damn good one of my system use a lot of stop orders like buy stop and sell stop and everthing was hit to the point maybe 1-2 pips slippage, so far everything is good. i will have one of my traders trade this system and keep you guys posted.
no, mb trading is the most expensive out there, my spead when i trade is between 0.3 to 1.8 so with comm at $10 round turn that makes it 1.3 to 2.8 pips witch is not bad.Quote from briand:
let us know if you have any success negociating comissions lower....because at the moment they must be one of the most expensive in all the ECNs available.