...anyone have any experience with Dukascopy and their claim of instant execution on orders up to 100Mil? Or have any experience with this broker in general, I would love to hear it as I am contemplating using them for scalping. Thanks!
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ODL Instant execution... 6 replies
DislikedFor now their demo seems pretty realistic.....
....I once got partial filled with 500 Million Euros.Ignored
DislikedRichard,
With that sort of starting volume, you should seriously consider ppl like BGC and FCStone, and also HotspotFxi. 3M for 20 days is 60M and that is just one trade per day. I am sure you will be taking more trades, so ur volume should easily hit 100M. Brokers will talk to you abt accomodating you if you give them that sort of volume.
Regards,
K.Ignored
Dislikedat the price clicked...the other 10% of the time was within my slippage limits or partial fills.Ignored
DislikedThey say they are including HotspotFXi prices into their platform feed. What i am wondering, Dukas quotes in 0.5 pip increments, but HotspotFXi in 0.1 pip increments. So if they indeed do include HsFXi quotes, they are 'invisible' on their platform. So they either round prices (but i wouldn't call that STP exactly, and you gotta wonder what else they are rounding) or they dont include them at all.Ignored
DislikedWell i don't know, i personally would prefer it if they woudn't interfere with pricing in any form.
If people, like in above postings, are looking to execute large quantities, i suggest to take a look at HotspotFXi itself. They have designed a special order-entry algo for this purpose, called tradeview. It displays spreads according to user-definable quantities (which will also includes the banks iceberg-orders, which are otherwise completly hidden) and follows price if neccessary (also user-definable tresholds), to improve liklyhood of fills.Ignored
DislikedI completely agree. The one point that I want to continue talking about is clearing fees and pricing. The more volume you do the better clearing fee and pricing a trader should get. I dont think it is fair for a trader who is doing less than 100M a month to ask for the best spreads and the best clearing fees a brokerage can offer.
It is important to remember that the broker needs to make money in order to keep giving a competitive product. This is especially the case with a non dealing desk model. If they aren't making money by collecting losses then their margins aren't going to be very flexible. I dont think it is unreasonable for Duka (or any other ECN model) to mark up some of the spread on traders who do not do a reasonable amount of volume and I'm not saying the mark up should be huge. However, those traders who help the broker bring down their net cost by trading a significant amount of volume a month should get a much more favorable price. Same with clearing fees. Any thoughts?Ignored
DislikedFor now their demo seems pretty realistic.
I'd expect it behave just like a live account.Ignored
DislikedThe problem is for Hotspot FXi they require 250k to open an accountIgnored
Dislikedrichard
vcap futures....
aggregated ECN platform (best price is your quote between all providers) was in the works last year.... i have not pursued it since then... often 0 spread (choice) but you pay commission....
pretty sure the min account size was around 50 or 25K (but you have to wheel and deal for it) as standard was 100k or more.... .Ignored
http://www.vcapfx.com/cax-trading-requirements.asp
DislikedHowever, those traders who help the broker bring down their net cost by trading a significant amount of volume a month should get a much more favorable price. Same with clearing fees. Any thoughts?Ignored
Dislikedrichard
vcap futures....
aggregated ECN platform (best price is your quote between all providers) was in the works last year.... i have not pursued it since then... often 0 spread (choice) but you pay commission....
pretty sure the min account size was around 50 or 25K (but you have to wheel and deal for it) as standard was 100k or more.... i am pretty sure the man that owns it is named paul (again, its been 12 months ago)
they are located in chicago....
http://www.vcapfx.com/
here is my list of ECNs:
http://www.forexfactory.com/showthread.php?t=53466
btw--- 1 minute chart? talk about living on the edge.... that timeframe can cost your shirt in an instant if your not careful....Ignored