ECN Broker with Spreads on E/J under 2Pips, Leverage 1:200, Minimum Deposit $1000

Apologies to Takisd

ForexLion back up your claims, as I see some claims made about you

http://www.failpix.net/wp-content/up..._lion_fail.jpg

Yeah, I remember that story with you and some other guy from former USSR... Irlen or Irlan or smth like that.

There are ECN brokers out there allowing less than 1 standard lot. 1 lot is NOT the lowest possible size in the interbank market.

Nordmarkets.com has an ECN account ($10k min), lowest trade size 0.4 lots. Spread in the EJ is around 1.5-2.0 pips there.

I don't know, as far as i am concerned, an ECN has a central limit-order book where you can enter your own bids and offers and have them displayed to the whole client base. Everything other than that (MT4 etc.) is something else.

Anything lower than 1.00 standard lots must be aggregated. The interbank market will NOT accept it. Please do some research before accepting what the broker tells you.

That's just wrong, sorry.

Can I brainwash you into paying my bills? The broker you 'believe' in has done just that...

I can tell you that on interbank.. INTERBANK, the min contract size is 1 m... Liquidity providers will give you 100k, as a discount to increase their own personal liquidity.

If you go sub tier to 'market maker' position sizes of lower than 100k are excepted...

This is the structure of the FX market.

If you believe otherwise, perhaps you would like to go to uni, do a 4 yr course on economics/banking and if after that, you prove me wrong. I will pay your tuition.

Well yes, I'm sorry, you're right regarding this interbank market. I mixed up some things. I just meant liquidity providers (so trading via an ECN broker) where you can of course trade with sizes below 100k without the need of aggregate positions. I don't meant market makers (like Oanda where you can go down to a single unit).

thanks for the info,

my questions is, on Interactive brokers they tell you that orders of 25K usd or more go though the interbank?

Why would you want an ECN broker for $1000? You can't even buy one standard lot.

I don't think that will even be possible

The order would "go through" as they say, however what's missing in the details is that an order so small would be aggregated first before going through.

That depends on the leverage offered doesn't it?

Margin for 1.00 lots eur/usd at the moment is roughly...

$291 @ 1:500
$727 @ 1:200

I had that thought, I actually notice that 85K trades execute a fraction slower then 100K but that maybe me thinking to much.

cheers,

Hello,

Can somebody recommend me European regulated ECN brokers? Thanks

http://www.londoncapitalgroup.co.uk/...fessional.html

http://www.marexfinancial.com/fx.html

http://www.fixiprime.com/

thanks shrike, can you explain me how come that we (or I and most of the people) have never heard of these firms?
Do they require large account opening balances?

Kengur: 1st firm needs atleast USD ~25K deposit depending on which platform you want, the other ones ~100K+. Marex is picky about its clients (strictly HNWI, and you need to prove it and go through compliance hell).

There is also Dukascopy in Switzerland(50K, they aren't picky at all as long as you send the dough over), and ODL in UK, which provides access to Hotspot and Currenex (not sure about requirements).

There is also InteractiveBrokers UK - probably the most feasible and competitive form for smaller accoutns (10K+).

I can not explain why you or other people have never heard of these firms, sorry.

Note that i am not recommending any firms at all. These are the only european firms with ecn access i know. There are also some MT4 shops that advertise "ndd" "stp" and "ecn" and what not, but the the term "ecn" would be a stretch there.

Jade has major problems. They had bucketshop problems - Requotes, 1-2 minute order entry, TP/SL slips. - They're a BELOW average bucketshop.
http://www.forexnirvana.com/f11/jadefx-813/

I have been trading for a while, and after finding a style which really suits my personality, I am now trading profitably. My style is not important to this thread except to say that I require 200:1 or greater. Recent changes now make it difficult for me to maintain the same level of performance.

The NFA recently added a new requirement, which restricts their members from offering greater than 100:1 leverage and which standardizes the calculation of margin among their members. I am not aware of any other country in which this has occurred, and if your style of trading necessitates greater than 100:1 leverage, it may seem like a good idea to open a trading account outside the US.

However, the US federal government also recently established a new law affecting US citizens who reside within the US--these laws may make it very difficult to have a trading account or an investment account with a broker operating in a country outside the US. As an example, inquire with Alpari, UK or with the Swiss broker, Mandus Invest--the response you will receive is very interesting. Alpari posts their requirements for US citizens residing within the US on their website--what an education!

You may even come to feel, as I do, that you are being held captive between the NFA and the US government. A non-resident US citizen is less regulated in this area than is a US resident.

NFA's new regulation took effect December 1st, and it does 2 things. It standardizes Margin calculations so that all NFA member brokers are now required to calculate margin in the same way. Second, it establishes maximum leverage at 100:1.

I don't know yet what the new US law is that affects US citizens residing in the US, and I don't know how long it has been in affect. I have asked my accountant about it...he stated that he attended a course which included the general application of the new law, but since at the time he was unaware of any clients affected by it, he did not become familiar with it.

I have tried during December to trade under the new rules using 3 brokers, all of whom are reputable, and all of whom are either NFA members or are in the process of becoming an NFA member. My results during December, while good, are significantly less than what they had been previously. More importantly, the new NFA rules have had a very negative affect on my confidence.

If you have knowledge of the new US law affecting US citizens residing in the US and who wish to trade or invest in firms located outside the US, or if you work with an accountant who can advise me in this matter, I would appreciate your comments.