Also interesting: Dukascopy generates very few ticks, only about half compared to e.g. Armada. And Armada generates about 30% (or more) fewer ticks than LMAX..
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Disliked{quote}lol why are you demoing dukascopy europe when you have account live account with dukascopy there swiss office, what are you looking forIgnored
DislikedAlso interesting: Dukascopy generates very few ticks, only about half compared to e.g. Armada. And Armada generates about 30% (or more) fewer ticks than LMAX..Ignored
FXCM 2014-06-03 =============== EURUSD 23,267 GBPJPY 33,207 USDJPY 22,181 XAUUSD 18,000 FXCM 2014-06-05 =============== EURUSD 40,728 GBPJPY 46,716 USDJPY 32,345 XAUUSD 23,610 Dukascopy 2014-06-03 ==================== EURUSD 47,781 GBPJPY 72,975 USDJPY 38,483 XAUUSD 52,566 Dukascopy 2014-06-05 ==================== EURUSD 75,672 GBPJPY 94,587 USDJPY 53,806 XAUUSD 68,953
DislikedAlso interesting: Dukascopy generates very few ticks, only about half compared to e.g. Armada. And Armada generates about 30% (or more) fewer ticks than LMAX..Ignored
DislikedA maybe easier to understand example is the spread: if your limit orders are treated as liquidity providing orders, and entered in the order book (where there is one), your orders are reducing the spread when placed inside. Try it when spread increase during news on LMAX (does not work with MT4, which only works as liquidity taking) or Dukascopy (with the correct type or orders selected): you can reduce the spread as much as you want by placing limit orders inside it, and people placing market orders at that time will hit your orders. Market can't...Ignored
Dislikedmmmm..........why not? Let me see if i can answer that one. The positives some you mention, i also think that JForex is the best platform out there but there are major reasons why i do not trade with them anymore...... Their pricing is not based on the 9-10 major financial institutions coming together to get you the best price, it is simply a price feed from somewhere although yes a very good one. You have no customers on the other end of your orders, you have Dukascopy. there you have the conflict of interest, they are a market maker simple as....Ignored
QuoteDislikedhere you go: LMAX
QuoteDisliked1) Their support is a nightmare. They just don't have people that know FX. They are only working with students and young professionals.
I was shocked by the low level of professionalism. The call center seems to be somewhere in Russia... so they don't understand you.
The account opening takes 3 months for professionals. If you want to get removed from the Newsletter? Forget. They will continue to
spam you forever.
2) Spreads and specially overnight costs are not attractive.
3) The volume...
QuoteDislikedThe prices quoted on the platform and displayed on the chart do not necessarily mean that they are executable prices.
Disliked1) Dukascopy is claiming to be a ECN, which I doubt. I am sure there is matching and B-Booking.Ignored
QuoteDisliked2) The execution quality of Dukas is just bad and when you are profitable the rejection rates skyrocket.
QuoteDisliked3) Overnight rolling costs are bad as many underlyings are negative to both sides where my other brokers have positive carry on one side.
QuoteDisliked4) I don't like the additional volume commission on top of the spreads, which significantly increase transaction cost.
QuoteDisliked5) Slippages at Dukas are at best average but honestly with my other brokers I don't see this aggressive type of B-Book fishing.
QuoteDisliked6) In my opinion they are spiking the vols and or tilting the feeds to fish orders.
QuoteDisliked7) Their support is way below average and they just ignore the fact that you do not want to receive their advertising emails.
QuoteDisliked8) The quality of the employees is very low. They are mostly working with students and young professionals that hardly have any FX experience.
QuoteDisliked9) Jforex on Mac is absolutely not stable. It's stable on W7 though.
QuoteDisliked10) The weekend margins are just a joke. My other brokers don't have weekend margins and I lost quite some money with those ridiculous margins.
QuoteDislikedI have the feeling their pricing and execution is hostile.
DislikedI really hate Dukas. They just fished a EURPLN stop away with a 270 pip spread!!!!!!!!!!!!!!!! When does the swiss Finma wake up and shut Dukascopy down? It's fraud all the way. BTW - my deposit at Dukas was much higher than you mentioned.Ignored
DislikedHave used them and terrible for slippage. Trouble you have with them, if they were a true ECN and we happy with just a commission based business model they would tighten up on it but obviously they make money from the slippage. Have actually performed a statistical analysis of the slippage, always negative on stops and never positive on take profit orders so says it all. Can be 2-3 pips sometimes with minimal market movement. Lost confidence with them so left. If you got the cash and are good enough as a trader you don't really need to use them……......Ignored