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Indeed, BIG DIFFERENCE , orders on an MTF HAVE to be executed , not on an ECN
LMAX and Fastbrokers 20 replies
Anyone with Darwinex or LMAX? I had a little issue with AUDJPY 27 replies
LMAX? Anyone Trade With Them Here? 12 replies
Dukascopy vs LMAX - Has anyone tried either or both? 7 replies
Information about LMAX? 2 replies
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DislikedDid you get some invitation to try it? Is it released for everybody to try it now?Ignored
DislikedI've just been checking my statements, and it seems that lmax have started to subdivide their commisions on part lots, which is good news, especially those trading smaller positions. So you can now put on 0.1 lot on Aususd and be charged the princely sum of $0.03!Ignored
DislikedI don't think you can go far wrong. I've been very impressed with them. Miles better than my last broker, Alpari- I got fed up with their constant requotesIgnored
DislikedI've just been checking my statements, and it seems that lmax have started to subdivide their commisions on part lots, which is good news, especially those trading smaller positions. So you can now put on 0.1 lot on Aususd and be charged the princely sum of $0.03!Ignored
DislikedOn LMAX a standart lot is 10.000 units of the underlying currency, equivalent to a MetaTrader "mini lot", means actually you trade 0.01 lot or in mt4 terms, a "micro lot", on AUSUSD. Thats why the commission is rounded up to $0.03. LMAX commission is 0.0025% but for smaller sums they round it up.Ignored
DislikedHi Trader131,
Requotes have been around ever since markets were allowed to float and are a natural consequence of that.
If you are trading with the momentum of the market, and therefore by definition in the direction of least liquidity, then requotes are an inescapable fact of life that everyone has to deal with, from the busiest InterBank desks to the smallest retail trader....Ignored
DislikedBe careful - In the LMAX web gui 1 is a contract(10k) - in LMAX MT4, 1 is a lot (100k)- i went down that toilet and would not recommend it to others
I have been using it LIVE in (relative) anger for a few weeks
I have seen maybe 3-5 complete feed freezes that are independent of live/demo etc (complete pauses) but NONE in the last week since some changes were made in the server and its no longer been subject to occasional restart (This IS a limited access period remember - they are testing it before allowing general release so i am tolerant of...Ignored
DislikedIan, I hope they sort it out for you on mt4, as I suffered the same teething problems with their multicharts platform, and gave up in the end going back to Lmaxtrader for execution. Please keep the thread updated with your feedback on their mt4 as I'd be interested in trying it out when it's more stable.Ignored