Hi rooicol,
I use Java, not MQL4. Because of the amount of data I don't do it all day every day on every instrument.
Cheers,
Jim
Cheers,
Jim
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
Disliked@Traderji - Yes and yes. I use the generic MultiCharts, not the LMAX specific version. I had some problems in v7 displaying daily bars. MC assure me it's fixed in v8.0 beta 2, although I haven't tested it personally yet.Ignored
DislikedHi. Anyone knows where LMAX MT4 trading server is located?
Maybe even an IP number, so I can ping the latency from my VPS to see if it is suitable.Ignored
DislikedI have been looking at LMAX but havent taken the plunge as i'm quite happy with my current broker so will take me a bit to move, but I think the MT4 servers are based in UK and SwitzerlandIgnored
DislikedHere is my 2 cents for now about Lmax and Fast Brokers, which I signed up with
Both companies have excellent service so far and live chat which I find very useful
I am unfortunately using MT4 for now, this was my own choice, and I did not know that the CFD's from Lmax were NOT available in MT4. I will switch to Pathfinder likely for trading in about a month, and keep my live and demo MT4 accounts also for other reasons (EA's, etc)
Execution seems a tad slow, likely due to bridged connection maybe not sure, could also be I am in Canada...Ignored
DislikedJayJonBeach: commissions based on dollar-volume traded is rather standard in spot fx.
And wrt to CFDs: some of them have nice spreads, eps. DAX. But you need to be careful around news time. They sometimes stop quoting for a minute or so - this is not coming from the marketmakers but rather LMAX themselfs. They say its to protect clients from large spreads - which i find idiotic. I would take a wide market over no market at all anytime.Ignored
DislikedAbout the commissions, they are a bit high with L-Max, but strangely they are lower with Armada. For 1 lot eurusd, the commission is €4, or 0.52 pips, instead of €5.
MB Trading are providing some very cheap trading conditions. I have live accounts with them (Free exn & Pay for limits), but for me here in the UK execution speed is too slow (~ 1050 ms), as they charge me to run my MT4 script for maintaining an open authenticated session so i didn't use it. Also, i just had a lot of really worrying problems with their MT4 such as not being able...Ignored
DislikedWrite them a mail about it, maybe if enough people complain they will change their position. They are convinced they are protecing their clients with this.Ignored
DislikedInteresting comments as well![]()
I could be wrong but your commission might be lower for that pair because your account is in GBP, where mine is USD and it depends on the base currency for the pair (forgot to mention this. I was going to go with GBP, and will likely convert to it going forward) So I am paying $3.26 x 2 for round turn, and if converting I think yours works out to the same. ...Ignored
DislikedInteresting Comments.
About execution speed, i'd be surprised if my script didn't reduce it to less than 500ms. However you won't be getting anything much lower than about 300 ms as it takes about 200ms for a signal to cross the atlantic. I'm in the UK, and MT4 order execution speed for me via Armada has a median of 140ms, see chart below. The chart shows market order execution speed for some recent trades (Live account, with an open authenticated session). The large values were...Ignored