hi all,
yes, it is true.
broco investor is a bridge to fxcm US. check the price, it moves exactly same.
most ecn platform doesnt have instant execution like common market maker/dealing desk platform. But you can control the slippage using limit order
I'm closing all my USA account thanks to NFA rule.
the minimum order is 1 lot (100k), and FXOpen ECN can do partial fill.
FXOpen ECN orderbook and dukas orderbook :
http://i42.tinypic.com/2dakl08.png
Spread :
http://i42.tinypic.com/14w7zmq.png
QuoteDislikedFirstly, if you research the FXOPEN ECN, you will find that its a bridge to Dukascopy. Not its own individual network. Which means higher liquidity and yes, real live market. I doubt it will effect news traders or scalpers, but the comission round turn is enough to deter any scalpers who have no idea of the concept and get ''lucky''. It has an order book based on the ECN network provided by dukascopy, the volume in the order book is there.
yes, it is true.
QuoteDislikedI watched currenx ecn price feed from broco demo mt4 and fxopen "ecn" mt4 demo.
broco investor is a bridge to fxcm US. check the price, it moves exactly same.
QuoteDislikedPlus if there is no slippage control and you enter at news, your 1k could be wiped out in 5 seconds.
QuoteDislikedDomiciled in Mauritius - offshore locations are not entirely trust-inspiring in my book. Guessing they don't want to (or can't) put up the monies to get a license in the EU or USA? Personally i do have psychological problems sending any sort of money to some offshore destination, to people i know nothing about.
QuoteDislikedDukas has said in the past that orders <250K are a bit problematic, since not all participants on their network accept 100K orders. Begs the question, how many do accept 10K orders?
QuoteDislikedpls offer proof.
FXOpen ECN orderbook and dukas orderbook :
http://i42.tinypic.com/2dakl08.png
Spread :
http://i42.tinypic.com/14w7zmq.png