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FinFX opinions

  • #381
  • Oct 24, 2013 3:46pm Oct 24, 2013 3:46pm
Quoting Prosentti
{quote} Its all about the execution my frend specially if you are scalping. Because there is one layer between you and the market you will miss trades because of the logic they use. When you learn this you will start to change your limits wider which means worse fills (in practice = slippage). From the point of single trade it is a small edge but in the longer run it is a different story. This is tough industry and business so all small things are very important and gives you more edge against those who doesnt care. But we all are different people...
Peace 2 u 2,

I agree to you, but what we are talking about is MetaTrader 4. You can't get this better on MT4, but of course on other platforms, for example Currenex or other instutuinal - no problem.

Strong.
  • #382
  • Oct 25, 2013 2:58am Oct 25, 2013 2:58am
Im talking about the FinFx

But for those if this execution style is not a problem I would give some respect for this company. I come from Finland too and have an access (through the Finnish company register) to their financial statements which shows clearly they are in quite strong state. And business is growing. The managin director is honest well known and connected man in the area where the company operates. I dont see anything wrong if you do business with them. I would do too if they could give me a real access to the market with limit orders. Currently Im a customer of interactivebrokers.co.uk (have been about 10 years).
  • #383
  • Oct 26, 2013 9:18am Oct 26, 2013 9:18am
Quoting Prosentti
Im talking about the FinFx But for those if this execution style is not a problem I would give some respect for this company. I come from Finland too and have an access (through the Finnish company register) to their financial statements which shows clearly they are in quite strong state. And business is growing. The managin director is honest well known and connected man in the area where the company operates. I dont see anything wrong if you do business with them. I would do too if they could give me a real access to the market with limit orders....
Yes, but I think you have to undrstand that executions style at finfx is not the problem of a company but of a Platform. Interactivebroker will give you same type of execution at MT4 and they won't be to offer you anything else. Finfx has other platforms, also institutional that offers ''real'' type of limit orders. However I do not find real difference between them and what you get on PRO Account, where my limit orders are filled or killed by given price.

Strong.
  • #384
  • Oct 27, 2013 4:22pm Oct 27, 2013 4:22pm
Quoting PipMeUpPleas
{quote} Yes, but I think you have to undrstand that executions style at finfx is not the problem of a company but of a Platform. Interactivebroker will give you same type of execution at MT4 and they won't be to offer you anything else. Finfx has other platforms, also institutional that offers ''real'' type of limit orders. However I do not find real difference between them and what you get on PRO Account, where my limit orders are filled or killed by given price. Strong.
As allready said we all are different people trading different systems and strategies. So for somebody it is not a problem and for others it is.

But what comes to your comment about the MT4 I fully understand your point BUT if FinFx does not offer any other choices then it = FinFx problem. Yes, they dont have any other platforms available as you falsely said.

And please kindly remeber this is a FinFx not MT4 thread.

But I think everybody has understood now my and yours point so let it be. Peace !
  • #385
  • Oct 28, 2013 3:10pm Oct 28, 2013 3:10pm
Quoting Prosentti
{quote} As allready said we all are different people trading different systems and strategies. So for somebody it is not a problem and for others it is. But what comes to your comment about the MT4 I fully understand your point BUT if FinFx does not offer any other choices then it = FinFx problem. Yes, they dont have any other platforms available as you falsely said. And please kindly remeber this is a FinFx not MT4 thread. But I think everybody has understood now my and yours point so let it be. Peace !
I can't not to agree with you, they should probably provide new platforms. Regarding platforms I find this new APP based tradeable... or how it is called, platform very attractive, I hope they will add it.


Strong.
  • #386
  • Oct 29, 2013 2:31am Oct 29, 2013 2:31am
Quoting m.trader
I had a problem with the slippage. My stop was not filled at the price it was set, the slippage was 30 pips on MT4. Interestingly enough, I sent them a complaint and they returned my funds back to the account. I almost couldnt believe it. Still, the slippage issue is too much for me and if it happens again, I am choosing another broker.
It's quite strange that they returned money. They are positioning like STP broker. If they returned money to you than they should took this loss on their own or it just was B book. Anyway it's weird...
  • #387
  • Oct 30, 2013 9:32am Oct 30, 2013 9:32am
Quoting Max FX
{quote} It's quite strange that they returned money. They are positioning like STP broker. If they returned money to you than they should took this loss on their own or it just was B book. Anyway it's weird...
I personally never got returned money on negative slippage, but I also get decent amount of positive slippage, I also never asked about the refund of negative ones lol

Strong.
  • #388
  • Nov 1, 2013 4:15pm Nov 1, 2013 4:15pm
Does anybody know if they are going to get regulated?

Strong.
  • #389
  • Nov 24, 2013 2:45am Nov 24, 2013 2:45am
I spoke to Mikhail from FinFX, yes they are looking to in the next 6 months
  • #390
  • Sep 29, 2014 2:01pm Sep 29, 2014 2:01pm
Any updates from traders who have traded with or are currently using Fin Fx ? From their website they are still accepting US clients .
  • #391
  • Oct 7, 2014 9:15am Oct 7, 2014 9:15am
Anyone currently using Fin Fx ? Tired of Oandas huge spreads and have not heard good thing about FXCM. Limited choices in the US..
  • #392
  • Oct 10, 2014 8:13am Oct 10, 2014 8:13am
Quoting freundr
Anyone currently using Fin Fx ? Tired of Oandas huge spreads and have not heard good thing about FXCM. Limited choices in the US..
Go with Interactive or FXCM. Both are good
Small disciplines repeated with consistency lead to great achievements.
  • #393
  • Oct 11, 2014 2:55pm Oct 11, 2014 2:55pm
Quoting heatedkill
I spoke to Mikhail from FinFX, yes they are looking to in the next 6 months
Do you happen to know where are they planning to get regulated? Thanks.
  • #394
  • Oct 11, 2014 9:00pm Oct 11, 2014 9:00pm
Quoting BobbyStar
{quote} Do you happen to know where are they planning to get regulated? Thanks.
second item from you , which broker do you work for
people leave, but this thread will go on for ever
  • #395
  • Oct 12, 2014 12:27am Oct 12, 2014 12:27am
Quoting BobbyStar
{quote} Do you happen to know where are they planning to get regulated? Thanks.
Finland. As per their site, the application is pending.
there is always, always another trade!!
  • #396
  • Oct 12, 2014 10:11pm Oct 12, 2014 10:11pm
Quoting jmflukeiii
{quote} Go with Interactive or FXCM. Both are good
IB and FXCM enforce FIFO right ?
  • #397
  • Last Post: Dec 24, 2014 9:06am Dec 24, 2014 9:06am
any more updates on the broker finfx?
All trends begin with the smallest time frame
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