Will LMAX be the end of the forex bucketshops ?

Will LMAX be the end of the forex bucketshops ?

  • YES

    Votes: 12 37.5%

  • NO

    Votes: 20 62.5%
  • Total voters
    32
Quote from Dr Who:

Well, its obviously their longterm plan as Betfair have already bought a US company to try to push things along. I dont know exactly where they stand at the moment but I'm sure they're greasing every palm they can to get legislation moving along in what is a very slow process.

The obvious way round is to set up a UK bank account and trade using a remote server. That's not a difficult process.
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A remote server such as ?

You gonna lie about your residence ?
 
Quote from moarla:

it is the same as Dukaskopy bank in Switzerland.
go there they are better
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So how is this different/better than Dukascopy? Dukascopy charges lower commission (0.36 pip) per roundtrip than LMAX (0.50 pip).

Is the market deeper? Faster? More liquid?
 
Quote from Dr Who:

I like the philosophy behind LMAX and want it to do well. I've been a member of Betfair (the company behind it) since they started and was their first software solution provider.

My coder and I are currently working on a one-click interface which will make trading on LMAX a much better experience, so watch this space sometime in February 2011 which is when we expect the software to become available.
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Any news about this one click interface ?
 
Are you guys still with LMAX? I tried to search online for any news from them but nothing relevant news found yet.
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I voted yes.

A lot of evolving in the retail fx trading industry imo, LMAX and Dukascopy with their marketplace. cTrader and their very reliable electronic connections network, all of them gives us the chance to enter a more fair game without being a high net worth person.

Hopefully the spot fx market will be less and less fragmented every year from now on. I know it can't get to a 100% defragmented point, because there is no real central exchange but every marketplace at the moment seems very reliable for now from a "liquidity providers perspective.
 
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